This paper applies the Diebold and Yilmaz (2009, 2012) methodology to assess spillovers in euro area sovereign bond markets. Our analysis identifies a number of phases of interaction in those markets in recent years. We find a substantial increase in spillover between euro area sovereign bond...

This Letter describes the construction of a new monthly business cycle indicator of the Irish economy. The index of economic activity draws information from a range categories of data covering output, income, employment, external demand and credit. A statistical method is used to extract a...

Using data from the Quarterly National Household Survey, we analyse the determinants of re-employment prob- abilities among Irish workers from 2000-2012. We nd that an individual's probability of exiting unemployment diminishes with the length of stay in unemployment and age. The likelihood of...

Using data from a survey of degree graduates, this Letter presents some new empirical evidence on trends in starting salaries for new graduate labour market entrants pre and post the downturn in the Irish economy. While aggregate wage data suggest that the extent of downward wage adjustment in...

This paper carries out an empirical analysis of the sensitivity of the Irish economy to an unanticipated external demand shock using a Bayesian VAR model which includes a number of Irish macroeconomic variables such as GDP, unemployment and wages. A 1% increase in US GDP growth leads to an...

The slowdown in Irish economic activity since 2008 has been accompanied by a rise in unemployment and a sharp fall in the labour force participation rate. This note uses data from the Quarterly National Household Survey to examine the fall in participation among the younger age groups and finds...

This paper employs the user cost of capital to examine Irish house price movements. The bundle of services afforded by a dwelling can be accessed either by renting the dwelling or by outright purchase. Between 2002 and 2007, a combination of factors including rapid house price appreciation and...

The slowdown in the US economy in 2008, and in the housing market in particular, has been accom- panied by a sharp fall in house prices and a glut of homes for sale on the market. While the idea that this overhang of dwellings for sale should place downward pressure on house prices is intuitive,...