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Nice review from @OMFIF of my @PIIE book on crisis management. omfif.org/2025/08/centra…
The same behaviour likely for US Pharma MNCs in Ireland, right?
So here is a forecast, which can be tested against subsequent data. Swiss pharma companies will reduce the customs value of their goods exports (lowering Swiss export and US imports), do more fill and finish in the US and increase their service exports to the US ...
How much capital do central banks really have? My new @PIIE paper provides the calculation for twenty countries. There are some surprises. piie.com/publications/w…
Hmm. Yes Bligh did propose an extension of the North Wall (i.e. from near the Point Depot), but I read that his idea was not used. Instead the North Bull Wall was built extending from Clontarf. historyireland.com/captain-bligh-…
For centuries, Dublin Bay was a treacherous place for ships. Primitive sea walls left the harbour, and Liffey mouth almost unnavigable for larger vessels. So, no better man than the notorious Captain Bligh, of the Mutiny on the Bounty fame, to come to the rescue! Using his…
For centuries, Dublin Bay was a treacherous place for ships. Primitive sea walls left the harbour, and Liffey mouth almost unnavigable for larger vessels. So, no better man than the notorious Captain Bligh, of the Mutiny on the Bounty fame, to come to the rescue! Using his…
The supply chains for US pharmaceutical companies looking to supply the US market while not paying US tax (at 21%) do increasingly run through Ireland. US data is clear here.
I know this is hard for many Americans to accept but the global supply chains of pharma products don't revolve around the US. Last year only 40% of pharma & chemical exports from Ireland went to the US. Globalisation & tax inversions aren't going away. x.com/thomas_eilveis…
I fully agree. Here’s my take on how to make such comparisons. If you start with GDP at PPP you need to make a further adjustment to compare economic sizes. The result is to shrink China and India somewhat, making China approximately the same size as US. piie.com/publications/p…
piie.com
Using purchasing power parities to compare countries: Strengths and shortcomings
Good international economic policy requires good comparative data on national economic performance. In May 2020, the World Bank published the latest comprehensive update of purchasing power parities...
You can’t buy anything internationally with PPP $s, so you shouldn’t use PPP GDP to compare economic sizes @FT
Here is ECB Chief Economist Philip Lane recommending my new @PIIE book The Central Bank as Crisis Manager in today’s @ECB Podcast (Minute 15:30). soundcloud.com/europeancentra…
soundcloud.com
SoundCloud: The Music You Love
Tariffs, tensions and tackling inflation: the road ahead
Yes!
For those of us unable to tune in Patrick, will it be uploaded for later listening?
Online at 6 pm Wednesday (Dublin time)
DECEMBER 11: The launch of @PHonohan's new book "The Central Bank as Crisis Manager," drawing lessons from recent crises across four continents & calling on central banks to prepare for crisis management. Info & register: piie.com/events/2024/bo…
And one sector provides an exception to the lackluster 2019-2024 sectoral real earnings growth in Ireland. It's the IT sector), already with relatively high weekly earnings and still racing ahead as it has for many years. More on bluesky. Raw data from cso.ie.
If it's economics that drives voting in general elections, the question for Ireland today is whether it's microeconomics or macro. These graphs quantify the contrast between rocketing aggregate employment growth and below peak average real earnings.
Here's a good way to follow economists interested in Ireland: bsky.app/starter-pack/r…
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