With flooding back in the news today, I thought I’d take the opportunity to mention that my colleague and co-author Swenja Surminski from LSE will be giving evidence tomorrow morning (Thursday) at the Oireachtas Finance Committee hearings on the Flood Insurance Bill. Details of the session are here. You should be able to watch proceedings online here. The Flood Insurance Bill can be viewed here.
President Higgins delivered a lecture at the University of Melbourne last week. It was well received. Given the content, I thought readers of this blog might like to listen to it. The President also gave a podcast which summarises some of his views on economics here.
The Central Bank of Ireland is organising a workshop on the effects macroeconomic policy announcements have on agents’ expectations and their actions. The main focus is on the Dynamic, Stochastic General Equilibrium (DSGE) macroeconomic models used for policy analysis. The workshop will take place on 5 and 6 October, 2017 in Dublin.
Expectations of households and firms regarding future monetary and fiscal policies have been at the heart of macroeconomic policy debates at least since the 1970s, most notably in the context of how to limit the costs of disinflations. Since the financial crisis and the European sovereign debt crisis, policymakers aiming to stabilise inflation and economic activity had to rely even more on their ability to influence the expectations of the private sector. As short term interest rates hit the zero lower bound, some central banks aimed to influence long term rates by announcing the future path of the policy rate, and also tried to affect long term rates more directly by means of asset purchases. Similarly, the key rationale behind fiscal policy measures taken during the crisis and the accompanying structural reforms was that their favourable effect on the expectations of households and firms would counterbalance direct contractionary effects. This workshop aims to be a forum for recent contributions analysing the current macroeconomic effects of future policy changes or long term plans.
The programme can be found here:
I am organising a policy conference on the above topic to be held at the RIA on Dawson Street from 9.30-12.30 on Thursday, September 7.
The main focus will be on the potential role of income-contingent student loans in HE funding.
The morning will begin with short presentations by five speakers, including Bruce Chapman (Australian National University), Lorraine Dearden (Institute for Fiscal Studies and University College London), Charles Larkin (Trinity College), Senator Aodhan O Riordain (to be confirmed) and myself. This will be followed by a 60-90 minute discussion session. The event will be chaired by Frances Ruane (ESRI).
I’ll post a detailed programme here when it’s finalized.
Update: Senator O Riordain has confirmed and the final programme is available here.
This year sees the 40th Annual DEW Economic Policy Conference. The event takes place on September 22nd/23rd in the Clayton Whites Hotel in Wexford, with the generous support of the Dublin Chamber. On behalf of the organising committee, I am pleased to announce the programme for the event is live and available via this link.
As in previous years, the conference is the premier forum for presentation and debate on the major economic issues facing Ireland. This year, topics covered include Brexit, housing, monetary policy, redistribution and inequality, Public Sector pay and the National Planning Framework. To pick out some highlights:
- Kevin O’Rourke (of this parish), Frances Coppola, Catherine Day (ex-European Commission) and Rory Montgomery (Dept of Foreign Affairs) on Europe after Brexit
- A “during dinner” session on the DEW at Forty, highlighting some of the policy wins, failures and lessons from the last four decades – chaired by Sean Whelan (RTE)
- International perspectives on solving Ireland’s housing crisis, including a presentation from the author of an OECD report on land use
- A session on Ireland’s tax policy, featuring among others David Bradbury, head of Tax Policy (and BEPS) at the OECD
- An expert panel discusses Ireland in 2040, with contributions from John Moran (ex-Dept of Finance) and Conor Skehan (DIT and Housing Agency), among others.
There will also be two keynote addresses, one on Friday afternoon (on Brexit) and one on Saturday (as a follow-up to the Ireland in 2040 session). Given the strength of the line-up, we advise those interested to book early as there will be significant demand and places are limited. All bookings can be made via the website: dublineconomics.com. There are a limited number of special all-in fee packages, including 2 nights B&B and 2 dinners, as well as the conference fee, available at the website.