Landon Thomas features the views of Peter Mathews in this NYT piece.
The Central Bank released a discussion paper this week on the management of liquidity risk – it is available here. Comments are invited until December 31st to liquiditydp at centralbank.ie.
This report is available here.
The latest issue of the Economic and Social Review carries a comprehensive essay by Carol Boate on the competition issues in the primary healthcare (GPs, dentistry, pharmacy) sector.
Another day, another ranking, this time of Economics departments by Tilburg University.
The global ranking has Vrije U in 77th position. You’ll need to use the “ranking sandbox” to discover that UCD is 157, TCD 233, NUIM 503, and NUIG 696. DCU, DIT, UCC and UL are not ranked.
This ranking’s method is simple. Papers are attributed to the department at the time of publication, rather than to the current department of the author. Quality weighing is simple too: publications are given a weight 1 if in a listed journal, and 0 otherwise. The list has 36 journals (although another 32 can be added in the sandbox). The list contains all of the obvious journals, and omits quite a few journals that are equally respectable — and why use a subjective criterion for respectability anyway when objective quality measures are readily available?
The Tilburg ranking thus compares badly to the IDEAS/RePEc one, but the results are not that different: Vrije U is 76, UCD 198 (Geary) or 225 (Econ dept), ESRI 252. Other Irish departments do not make it to the top 5%.
Both rank the total output of the department, not correcting for the number of faculty. Large schools are thus on top.
UPDATE:
The new MBA ranking by the Economist is out too. UCD ranks 38th, and is the only Irish entry. The method is a lot more sensible than the Tilburg one.