Macroeconomics

As the Irish economy recovers from the international downturn of 2007/2008, research in this area addresses new challenges critical to growth, productivity and prosperity in Ireland. Macroeconomic analysis aims to improve understanding of factors affecting priority issues, including domestic growth, stable taxation policy, the outlook for the property sector and the relationship between the macroeconomy and the financial sector.

A major feature of macroeconomic research at the ESRI is the development and maintenance of a suite of economic models. These models are used extensively in a range of studies on medium-term macroeconomic forecasting and policy analysis and also to inform research on other aspects of the economy. In order to meet the changing needs of policymakers and to avail of new and emerging trends in modelling, the ESRI is currently developing new macroeconometric models of the Irish economy, in a joint programme with the Central Bank of Ireland.

As part of its research, the ESRI produces a number of regular reports, including the Quarterly Economic Commentary, Consumer Sentiment Index, and Housing Market Index.


Main Publications in Macroeconomics Research Area


Other Misc. Outputs



Quarterly Economic Commentary, Winter 2017
December 13, 2017 | ESRI Forecasting Series

Authors: Kieran McQuinn, Conor O'Toole , Philip Economides , Teresa Monteiro
Research Area: Macroeconomics


Fiscal consolidation in an open economy with sovereign premia and without monetary policy independence
December 7, 2017 | Journal Article

Authors: Apostolis Philippopoulos, Petros Varthalitis , Vanghelis Vassilatos
Research Area: Macroeconomics


Irish house prices: Déjà vu all over again?
November 14, 2017 | QEC Special Article

Authors: Kieran McQuinn
Research Area: Macroeconomics


Fiscal consolidation and its cross-country effects
October 2, 2017 | Journal Article

Authors: Apostolis Philippopoulos, Petros Varthalitis , Vanghelis Vassilatos
Research Area: Macroeconomics


Determinants of mortgage arrears in Europe: evidence from household microdata
August 22, 2017 | Journal Article

Authors: Petra Gerlach-Kristen, Seán Lyons
Research Area: Macroeconomics


Investment financing and financial development: evidence from Viet Nam
July 1, 2017 | Journal Article

Authors: Conor O'Toole, Carol Newman
Research Area: Macroeconomics


Front cover of Real Estate Economics journal Price Expectations, Distressed Mortgage Markets and the Housing Wealth Effect
June 30, 2017 | Journal Article

Authors: Yvonne McCarthy, Kieran McQuinn
Research Area: Macroeconomics


Quarterly Economic Commentary, Summer 2017
June 22, 2017 | ESRI Forecasting Series

Authors: Kieran McQuinn, Daniel Foley , Conor O'Toole
Research Area: Macroeconomics


Services exports and exporters of services
April 4, 2017

Authors: Martina Lawless, Zuzanna Studnicka
Research Area: Internationalisation and Competitiveness


Examining consequences for trade: integration and disintegration effects
March 30, 2017 | Book/Report Chapter

Authors: Edgar Morgenroth
Research Area: Macroeconomics


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