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While increased attention has, of late, focussed on models of house prices, few, if any, studies have examined house prices from a purely forecasting perspective. However, the need for accurate and timely forecasts of house prices has grown as the rate of house price inflation is more and more...
Persistent link: https://www.econbiz.de/10012723424
The rapid increase in credit in an economy is now commonly perceived to be one of the leading indicators of financial instability. This view has been reinforced by the aftermath of the international financial crisis, which commenced in mid-2007. A key policy response has been to focus on the...
Persistent link: https://www.econbiz.de/10010544296
The rapid increase in credit in an economy is now commonly perceived to be one of the leading indicators of financial instability. This view has been reinforced by the aftermath of the international financial crisis, which commenced mid 2007. A key policy response has been to focus on the ratio...
Persistent link: https://www.econbiz.de/10010686848
Persistent link: https://www.econbiz.de/10009815876
This paper examines the role of credit and the macroeconomy in SME distress during a pro- longed economic downturn. Specically, we estimate the determinants of SME distress in Ireland during the severe financial and economic crisis which began in 2007/2008. We use a measure of dis- tress,...
Persistent link: https://www.econbiz.de/10010959447
Recently, some notable contributions suggest that discretionary fiscal policy can be an effective and self-financing policy option in the presence of extreme macroeconomic conditions. Given the special relationship between the Irish sovereign and its main financial institutions, this paper...
Persistent link: https://www.econbiz.de/10010891732
Recently, some notable contributions suggest, that discretionary fiscal policy can be an effective and self- financing policy option in the presence of extreme macroeconomic conditions. Given the special relationship between the Irish sovereign and its main financial institutions, this paper...
Persistent link: https://www.econbiz.de/10010877218
Amongst the many housing markets across the OECD presently experiencing difficulties, the Irish case stands out. Between 2004 and 2007, a significant house price bubble emerged in Ireland, while the real economy was enjoying persistently strong growth rates. The sharp decline in house prices...
Persistent link: https://www.econbiz.de/10010580899
Persistent link: https://www.econbiz.de/10010018343
This paper is a product of the ongoing re-estimation of the Irish macro model. This is part of the EMI Multicountry Model. The paper is concerned with the estimation of a system of equations, which seek to capture the salient features of the supply-side of the Irish economy. Expressions are...
Persistent link: https://www.econbiz.de/10005509779