The Department of Finance has released its pre-budget outlook: you can download it here.
One striking projection: GNP will shrink by 10.5 percent in 2009 [the contraction in GDP will be 7.5 percent].
The crisis has led to a new wave of interest in research that seeks to add financial realism to macroeconomic models: this WSJ article provides an interesting overview.
John O’Hagan writes in today’s Irish Times on the topic of public sector pay: you can read it here.
OK, this is a digression but it is occasionally good to escape from the Irish economy.
One of the lessons we try to instill in our students is the importance of the visual display of data, rather than relying too much on text. Via Turbulence Ahead, I came across this really striking example.
Last week’s SSISI meeting featured a paper by Patrick Foley and Fiona O’Callaghan of the CSO and a ‘vote of thanks‘ by Seamus McGuinness of the ESRI.