Financial graph


Macroeconomic research aims to improve understanding of economic growth, the property market 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, including COSMO (COreStructuralMOdel).

A shot of Dublin buildings taken across the river Liffey
Central Bank regulations limiting increase in mortgage loan sizes are reducing the upward pressure on house prices

In the Quarterly Economic Commentary Research Note ‘House prices and mortgage credit: Empirical evidence for Ireland – An update’, the relationship between mortgage credit and house prices in the Irish residential market is examined. Models for house prices and mortgage credit are estimated. The results indicate that a strong mutually reinforcing relationship exists between mortgage credit and house prices, with movements in one variable likely to cause movements in the other.

A display of graphs and figures
Irish economy faces largest recession in history as lockdown takes its toll

Given the high degree of uncertainty about the spread of COVID-19, our Summer Quarterly Economic Commentary assesses the future prospects for the Irish economy under three different scenarios: Baseline, Severe and Benign.

A display of graphs and figures
Economic forecasts

The ESRI has produced a number of economic forecasts, including the Quarterly Economic Commentaries, Ireland's Economic Outlook and the Medium-Term Reviews.

An image of an EU flag and a UK flag to indicate the topic of Brexit

Download research examining the potential impact of Brexit across areas including trade, economic growth and consumer prices. 

Two house doors on a Dublin street
Housing market

This section includes ESRI work on the Irish housing market, including the RTB rent reports and research on house prices and affordability.