Economics Analysis

23rd October 2017

The Future of Eurozone Governance

The Eurozone crisis, and the period leading up to it, brought to light some fundamental flaws in the architecture of the single currency and highlighted the need for essential reforms, such as the Banking Union.
12th October 2017

Is De-Globalisation Underway?

In an era where a growing number of voices oppose globalisation, Mr Lamy examined the likelihood of the emergence of a period of so-called ‘de-globalisation’.
13th September 2017

Juncker’s State of the European Union Address: Moving Towards a More United Europe

On Wednesday, 13 September 2017, EU Commission President Jean-Claude Juncker delivered the annual State of the Union address to the European Parliament in Strasbourg. The speech, and the subsequent debate by the European Parliament, are intended to give MEPs the opportunity to review, critique and shape the policy programme of the European Commission for the coming year. The State of the Union has been held annually in September since 2010, when it was instituted by the Lisbon Treaty.
13th September 2017

Brexit and the UK Economy

In his address to the Institute, Professor Portes discussed the economic and political implications of Brexit for the UK. He assessed the short-term economic impacts of various scenarios for the current negotiations between the UK and the European Union, ranging from “chaotic Brexit” to a “velvet divorce”. He also examined the longer-term economic impacts on the UK, with a particular focus on immigration and labour mobility.
18th July 2017

Brexit – a view from the City of London

As a financial services capitol London has benefitted greatly from the UK’s EU membership. However, after the UK leaves the EU in 2019 its financial services sector could lose access to the EU Single Market in services. In his address to the IIEA Jeremy Browne set out the views of the City of London Corporation on the post-Brexit future of London’s financial services sector.
4th July 2017

What Next for Britain and Europe?

In his address, John Peet discussed the economic outlook for Britain and the European Union, and assessed the implications of the Conservative Party’s performance in the British General Election for the Brexit negotiations. Drawing upon his extensive expertise, he also offered his insights on the future of the EU amid a renewed debate about deepening integration in the euro area.
27th June 2017

Is Donald Trump steeling for a fight in the WTO?

The EU and the US could potentially be on the verge of an acrimonious dispute at the World Trade Organisation (WTO) – which has the potential to grow into a trade war – if President Donald Trump goes ahead with plans to restrict imports of steel.
15th June 2017

The End of the West? The stakes for the US and Europe in a world of disorder

In his address, Mr Quinlan discussed the depth of the EU-US commercial alliance and highlighted the commercial benefits to both. He also examined the risks to both parties if the cracks in the transatlantic relationship become unbridgeable.

Economics Publications

6th October 2017

UK Election Results and Economic Prospects

This briefing note, by IIEA Senior Fellow, Tony Brown, summarises recent developments in the UK and presents a snapshot of the British political and economic state of play since the election on 8 June 2017.
30th June 2017

New Ideas – France, Germany and the Future of the Euro Area

This IIEA policy brief examines and compares the reforms proposed by French President Emmanuel Macron and by the European Commission to solidify and strengthen the European economy. It analyses the prospects for a renewed Franco-German alliance and concludes by focusing on the potential implications of a restructured euro area for Ireland.
7th April 2017

Capital Constraints – Balancing the EU Fiscal Rules with Ireland’s Capital Investment Needs

This IIEA policy briefing, Capital Constraints: Balancing the EU Fiscal Rules with Ireland’s Capital Investment, examines the main arguments that have been made as to whether or not fiscal rules contain an anti-investment bias that deters governments from pursuing large public spending projects. It also outlines a number of the alternative proposals put forward to incentivise capital expenditure within a rules based fiscal framework. This is a topic of particular relevance and importance to Ireland, which saw public capital expenditure cut significantly following the global financial crisis and subsequent sovereign debt crisis in Europe, and which has a particular need for public investment because of its fast growing economy and emerging demographic pressures.
17th February 2016

European Recovery Project

Economic growth in the developed world has been slowing for decades. The Great Recession and the Euro crisis have further depressed Europe’s performance. In this paper, Dan O’Brien explores trends in the continent’s economic performance and suggests possible remedies. Despite the considerable uncertainties that exist around all policy options, he proposes a “Grand Bargain” to include a range of measures favoured across the political spectrum. Such a radical and wide-ranging response could push the European economy onto a higher growth trajectory.
8th January 2016

Banking Union – Progress and Prospects

In this updated version of the IIEA’s October 2014 book, Pat McArdle, Chair of the IIEA’s Economists Group and Banking Union Group, describes the genesis of the Banking Union proposals in the context of the 2008 finanical crisis; explains Europe’s system of pan-euro area bank supervision and resolution; and assesses the prospects of the Banking Union as it stands. The IIEA is grateful to Bank of Ireland, AIB, Ulster Bank, KPMG and Deloitte, whose support made this report possible. This book was formally launched at the IIEA on 27 November 2015, at the event Reforming Europe’s Financial Sector: Progress and Prospects, with speakers including Pat McArdle, Chair of the IIEA’s Banking Union project; Baroness Sharon Bowles, Former Chair of the European Parliament’s Economic and Monetary Affairs Committee; and Niall Bohan, Head of Unit for Capital Markets Union, of the European Commission.

Economics Past Events

12th June 2017

China’s Current Economic and Financial Environment

In his address to the IIEA, Dr Yang Kaisheng gave his assessment of China’s current macroeconomic performance, as well as China’s banking industry and its future prospects.
2nd June 2017

Inclusive Growth – Recommendations for Ireland and Europe

Michael Noonan T.D., the Minister for Finance, delivered the keynote address at the seminar, followed by Michel Servoz, Director General of DG Employment, Social Affairs and Inclusion at the European Commission. A panel discussion followed, featuring Rowena Dwyer, Chief Economist at the Irish Farmers Association and Paul Ginnell, Policy Officer at the European Anti-Poverty Network (EAPN) Ireland and Chair of EAPN’s EU Inclusion Strategies Group. Sean Whelan, Economics Correspondent at RTÉ News, chaired the event and Q&A session.
22nd May 2017

Making the Euro Area More Robust

In his address to the Institute, Niels Thygesen discussed the options for making economic performance and policies in the euro area more robust. Professor Thygesen contends that the slow but steady recovery in most euro area economies is being sustained by very accommodating monetary policies and considerable leniency in enforcing a rules-based fiscal discipline. However, he argued that the level of trust between Member States, as well as between several Member States and the European institutions, is at a low point, while the policies of both the European Central Bank and of the fiscal authorities are under reconsideration.
16th May 2017

Spotlight on the Regulators

At this seminar, held by the IIEA in partnership with the Economic Regulators Network, Dan O’Brien posed searching questions to a panel of leading regulators on how they are responding to a number of emerging challenges, including Brexit, technological advances, public opinion, and regulatory fatigue and rollback. The panelists also outlined their respective visions for how regulation can remain relevant and fulfil its role to protect consumers and competition in the modern day political, economic and social landscape. The panel was composed of leading regulators from the Competition and Consumer Protection Commission (CCPC), the Broadcasting Authority of Ireland (BAI), the Commission for Energy Regulation (CER) and the Commission for Communications Regulation (ComReg).