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



front cover of JA201819 Mortgage default, lending conditions and macroprudential policy: Loan-level evidence from UK buy-to-lets
March 16, 2018 | Journal Article

Authors: Robert Kelly, Conor O'Toole
Research Area: Macroeconomics


Cross-border trade & supply chain linkages report
March 6, 2018

Authors: Martina Lawless, Zuzanna Studnicka
Research Area: Macroeconomics


Prospects for Irish regions and counties: scenarios and implications
January 24, 2018 | ESRI Research Series

Authors: Edgar Morgenroth
Research Area: Macroeconomics


front cover of RB201802 The scale of “fuel tourism” across the Irish border
January 18, 2018 | ESRI Research Bulletin

Authors: Sean Kennedy, Seán Lyons , Edgar Morgenroth , Keith Walsh
Research Area: Macroeconomics


front cover of JA201764 The effects of direct payments on technical efficiency of Irish beef farms: a stochastic frontier analysis
December 29, 2017 | Journal Article

Authors: Maria Martinez-Cillero, Fiona Thorne , Michael Wallace , James Breen , Thia Hennessy
Research Area: Macroeconomics


JA201762 front cover Assessing the level of cross-border fuel tourism
December 29, 2017 | Journal Article

Authors: Sean Kennedy, Seán Lyons , Edgar Morgenroth , Keith Walsh
Research Area: Macroeconomics


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


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