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



Fiscal Forecast Errors: Governments Versus Independent Agencies?
January 8, 2014 | ESRI Research Bulletin

Authors: Rossana Merola
Research Area: Macroeconomics


Fiscal Forecast Errors: Governments Versus Independent Agencies?
December 30, 2013 | Journal Article

Authors: Rossana Merola
Research Area: Macroeconomics


Fiscal Consolidation and the Implications of Social Spending for Long-term Fiscal Sustainability
December 23, 2013 | Journal Article

Authors: Rossana Merola
Research Area: Macroeconomics


The Impact of Fiscal Policy on the Economy
December 18, 2013 | QEC Research Note

Authors: John FitzGerald
Research Area: Macroeconomics


Quarterly Economic Commentary, Winter 2013
December 18, 2013 | ESRI Forecasting Series

Authors: David Duffy, John FitzGerald , Kevin Timoney , David Byrne
Research Area: Macroeconomics


Distributional Impact of Tax, Welfare and Public Service Pay Policies: Budget 2014 and Budgets 2009-2014
December 12, 2013 | QEC Special Article

Authors: Tim Callan, Claire Keane , Michael Savage , John R Walsh
Research Area: Macroeconomics | Taxation, Welfare and Pensions


The Role of Decision-making Biases in Ireland’s Banking Crisis
December 2, 2013 | Journal Article

Authors: Pete Lunn
Research Area: Behavioural Economics | Macroeconomics


Using Evidence to Inform Policy
November 27, 2013

Editors: Pete Lunn , Frances Ruane
Research Area: Macroeconomics


When and How can Evidence Inform Policy?
November 27, 2013 | Book/Report Chapter

Authors: Pete Lunn, Frances Ruane
Research Area: Macroeconomics


Should Loan-to-Value Ratios be Limited? The International Evidence
November 27, 2013 | Book/Report Chapter

Authors: David Duffy
Research Area: Macroeconomics


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