A new paper by Central Bank economist John McQuinn published on Friday looks at how financing of small and medium enterprises varies across countries and finds that the long shadow of the financial crisis still seems to be having an effect on the ability of some small firms to access bank credit even when their measurable performance would seem to qualify.
Figure 5 on page 20 might be the most interesting for an Irish audience – showing continuing tighter credit here than elsewhere after controlling for a whole range of firm and bank factors.
The Spring edition of the Economic and Social Review is now available here.
It is a bit of a bumper volume with special editions in both the articles section on measuring economic potential and a special policy section focusing on housing.
Foreword to Special Edition of The Economic and Social Review by Eddie Casey.
Inside the “Upside Down”: Estimating Ireland’s Output Gap by Eddie Casey
Estimating the Output, Inflation and Unemployment Gaps in Ireland using Bayesian Model Averaging by Michael O’Grady
The Current Account, a Real-Time Signal of Economic Imbalances or 20/20 Hindsight? by Niall Conroy and Eddie Casey
Measuring the Cycle and Structural Shocks by Marta Lopresto and Garry Young
Policy Section Articles
Exploring Affordability in the Irish Housing Market by Eoin Corrigan, Daniel Foley, Kieran McQuinn, Conor O’Toole and Rachel Slaymaker
The Scale and Impact of the Local Authority Rent Subsidy by Eoin Corrigan
Social Housing in the Irish Housing Market by Dorothy Watson and Eoin Corrigan