In this note, a recently published model of the Irish residential mortgage market is used to generate likely scenarios for Irish house prices out to 2013. The model allows for the interaction between house prices and mortgage credit as well as key macroeconomic variables and housing supply....

This note presents estimates of the likely credit requirements of different sectors of the economy over a short-term horizon to 2013. The measure of credit “demand” used in the analysis is the stock of outstanding loans to the Irish private sector from the resident banking sector. The...

Purpose The Irish fiscal position was significantly affected by the recent financial crisis. Budgetary surpluses quickly gave way to significant deficits post 2007, culminating into a lengthy excessive deficit procedure and entry into a formal EU/IMF assistance programme in 2010. Much of the...

In this paper the econometric model that has been developed under the auspices of the FAPRI-Ireland Partnership is presented. The FAPRI-Ireland Partnership is a joint venture between Teagasc (The Irish Agriculture and Food Development Authority), the Irish universities, other interest groups in...

A real options model is used to explain why Irish farmers have been slow to switch from traditional farming to forestry despite numerous government incentives. In the theoretical model our results depend on profits from traditional farming relative to forestry. Under reasonable parameterisations...

Unlike most developed countries, agriculture is the greatest single source of greenhouse gases in Ireland and accounts for approximately one-third of the national emissions. In this paper, the future emissions of greenhouse gases from Irish agriculture are projected using an economic model of...

Using a new database of consumers expectations, this paper examines the nature of house price forecasts across a select sample of European Union (EU) member states for the period 2020 to 2024. Across many EU countries, post Covid-19, house price increases have been apparent. Therefore,...