1/8 The Council has just published a new paper on Climate Change and its potential impacts on the public finances. It builds on modelling work by the University College Cork MaREI Research Centre. The impacts are likely to be substantial. We identify four key channels...

The repeated classification of significant budget spending packages as ‘once-off’ or ‘non-core’ is becoming increasingly tenuous

1/20 This “Flash Release” gives the Council’s first read on Budget 2024. It explores some of the key areas that the Council will assess in its next Fiscal Assessment Report, due out in December.

Yesterday’s fiscal monitor highlights the risks around corporation tax receipts. While still at a high level overall, corporation taxes have fallen back slightly in recent months.

Fundraiser: Buy Caio Benicio a pint The man is a hero. The least we can do is buy him a pint. gofund.me/5df5d81b

Or MyHome report for Q4 out this morning. Asking price inflation for Irish residential properties steady at 4%. eu-central-1.linodeobjects.com/pplus.img.myho…

Success? Irish consumer prices have risen just 2 per cent per annum on average during the 25 years of euro area membership. Actually 2.015%. Of course it would have better to have achieved this in less bumpy manner🤔

‘It comes back to the same old theme: lack of supply.’ Inflation on housing asking prices up 6.5% over the year, according to a MyHome report published today. Ciara discussed these figures with its author, Conall Mac Coille. #NTBK #ListenBack shorturl.at/hlQX3

PIIE asked me to look back at how the inflation surge happened in Europe and its consequences to date. With interest rates about to turn down, it's a good moment to do so. piie.com/publications/p…

The reason planning permission was refused for 355 units in one of these developments is that Dún Laoghaire-Rathdown County Council and @anbordpleanala are concerned there would be too many renters. In Blackrock, an area where 70% are owner-occupiers...

Have been thoroughly enjoying William Dalrymple Empire: World History series on British colonization of Ireland. It is well worth your time! podcasts.apple.com/mz/podcast/col…

"Fixating on the details of fiscal bookkeeping detracts from the wider problem: the current fiscal framework is not fit for purpose" In case you missed it, read our full response to the Chancellor's announcements in her #SpringStatement last week 💬⬇ hubs.la/Q03ffZCR0

We are the first Generation in human history to see an actual photo of a Sunset on Mars

#WeekendReading 📃 "Ageing and Financial Markets" In this discussion paper, BrunelBusinessSchool' E. Philip Davis and Dilruba Karim outline the effects of demographic ageing on financial markets, including on on household saving, #pensions and housing ⬇ hubs.la/Q03nvXcZ0

Brilliant, short ECB paper on transatlantic trade ... ecb.europa.eu/press/economic…

A new blog, one that draws on both a remarkable WSJ story on the impact of Pfizer's decision to make its weight loss drugs in Ireland and my NYT oped 1/ cfr.org/blog/time-end-…

Great to see Irish housing completions bounce back in Q2, up 35% in the year. We’ve now seen the highest level of completions over the past 12 months than at any time over the past 16 years !!

Not a good look for Ursula

A nice piece from Eoin Lowry remembering my former colleague John O’Reilly. farmersjournal.ie/viewpoints/vie…

#WeekendReading🔖 What is fiscal sustainability? How to define it? And what can the #Chancellor do in the upcoming #Budget to achieve it? Our latest #MondayInterview by Stephen Millard tries to provide some answers👇 #FiscalPolicy #Budget2025 hubs.la/Q03VrxLz0