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Macroeconomics

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).

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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.

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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.

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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.

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Brexit

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

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Housing market

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