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  1. Household savings constraints, uncertainty and macroprudential policy
    Published: March 6, 2019
    Publisher:  ESRI, Dublin

    Despite the increasingly wide-spread nature of macroprudential regulations, relatively few studies have assessed the implications of such policies on key household finance decisions. In this paper, we investigate the impact on Irish household... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 176
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    Despite the increasingly wide-spread nature of macroprudential regulations, relatively few studies have assessed the implications of such policies on key household finance decisions. In this paper, we investigate the impact on Irish household perceived savings constraints of macroprudential policy measures introduced by the Central Bank of Ireland in early 2015. These measures, which require larger downpayments than previously was the case, constitute a significant new source of uncertainty for those seeking to engage in homeownership. Using a unique, nationally representative survey of households' savings decisions we find that the measures have had a significant impact on the degree to which Irish households feel constrained in their savings decisions. Credit constraints and consumer inattention are proposed as explanatory channels for this development. Heterogeneous effects across households indicate younger, private renting households, and those with relatively uncertain cash flows show the largest increase in perceived constraints following the introduction of the policy.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/228267
    Series: Working paper / ESRI ; no. 618 (March 2019)
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  2. Ireland and Brexit
    modelling the impact of deal and no-deal scenarios
    Published: March 26, 2019
    Publisher:  Economic & Social Research Institute, [Dublin]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 11159/2951
    Series: ESRI special article
    Subjects: EU-Mitgliedschaft; Wirkungsanalyse; Irland; Großbritannien; Brexit; Exit-Strategie; Großbritannien; Wirkungsanalyse; Irland
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  3. A review of the methodologies used in compiling owner-occupiers' housing indices
    Published: February 10, 2020
    Publisher:  ESRI, Dublin

    This paper examines the manner in which owner-occupiers housing costs are incorporated in the official inflation index. In particular, the focus is on the net acquisitions and the payments approach, which are currently used by the Central Statistics... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 176
    No inter-library loan

     

    This paper examines the manner in which owner-occupiers housing costs are incorporated in the official inflation index. In particular, the focus is on the net acquisitions and the payments approach, which are currently used by the Central Statistics Office (CSO). The paper provides a detailed overview of the two approaches, along with some suggestion for further refinement.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/228298
    Series: Working paper / ESRI ; no. 651 (January 2020)
    Subjects: Mindestlohn; Arbeitsmarkttheorie; Neoklassische Theorie; Arbeitsmarktforschung; Deutschland
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen