Nice review from @omfif.bsky.social of my @piie.com book on crisis management. www.omfif.org/2025/08/cent...

Mackerel sky, Dublin tonight.

How much capital do central banks really have? My new @piie.com paper provides the calculation for twenty countries. There are some surprises.

Central bank accounting is not standardised, making their financial condition hard to compare. www.piie.com/blogs/realti...

Studying the macroeconomic policy questions of Ireland over the past fifty years (with many colleagues) has been fascinating. The black hole of MNC profit repatriation, stabilizing the fiscal accounts, migration and unemployment, wealth inequality and financial crisis: there’s no better laboratory.

Given the (strange) way yesterday's new US tariffs were calculated, Ireland escapes a much higher tariff (42%) by being included in the EU (20%).

Interesting combination and seasonal timing for this podcast from @bruegel.bsky.social

Ireland collects much of the corporate tax revenue a more coherent US tax code would channel back across the Atlantic. Ireland could also be in the firing line as a major & growing contributor to the US trade deficit—now 4th in the world. By @phonohan.bsky.social: www.irishtimes.com/opinion/2025...

Through Waterford-born Nobel prize-winning Physicist Ernest Walton (1903-95), Ireland has a better claim than the United States to having been the first (along with New Zealander Ernest Rutherford and Englishman John Cockroft), to have "split the atom". www.atomicarchive.com/history/manh...

Disappointing indeed. International regulatory collaboration is needed to help prevent climate damage from the financial sector.

Here is ECB Chief Economist Philip Lane recommending my new @piie.com book The Central Bank as Crisis Manager in today’s ECB Podcast (Minute 15:30). soundcloud.com/europeancent...

Online at 6 pm Wednesday (Dublin time)

And one sector provides an interesting exception to the lackluster 2019-2024 sectoral real earnings growth in Ireland. It's the Information and Communication sector (shown below as IT), already with relatively high weekly earnings and still racing ahead as it has for many years.

If it's economics that drives voting in general elections, the question for Ireland today is whether it's microeconomics or macro. (See the NYT piece by @fotoole). These graphs quantify the contrast between rocketing aggregate employment growth and below peak average real earnings.

I think it’s spelled “Winsorizing”. en.m.wikipedia.org/wiki/Winsori...

Good points made by @luigaricano. In addition, these restrictions that the ECB is proposing for its CBDC (maximum balance, interest rate) will prevent it anchoring a payments system independent of US jurisdiction…

The global financial crisis had a huge impact on Ireland, with soaring unemployment & a big rise in public debt with the bank bailouts; but the economy has bounced back strongly since 2012, mainly due to globalisation & FDI @econ-observatory.bsky.social www.economicsobservatory.com/how-did-irel...

Economists working on Ireland. Great idea Rebecca, thanks!

Take a look at the jump in Irish employment. 100,000 in the past twelve months alone. Will the approaching de-globalization clouds be the peak of this roller-coaster?

Congratulations David. Indeed, though I’ve read a lot of histories of money, you certainly have crafted a compelling narrative in yours.

Even though I know why, still neat to see it “going backwards”. Thanks.