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.