In this paper, we explore the impact of recent interest rate increases on the Irish economy and chart out the potential impact using scenarios for the period 2023- 2025. We use the COSMO macroeconometric model of the Irish economy to test the impacts through credit markets and the real economy,...

Many countries experienced a residential credit bubble prior to the global financial crisis; however, by most criteria, the Irish residential and financial sector witnessed one of the most significant imbalances across contemporary western economies. The Irish property market had experienced a...

The credit bubble experienced by the Irish residential and financial sector immediately prior to the global financial crisis (GFC) was one of the largest experienced across contemporary western economies. The Irish property market had witnessed a significant increase in activity as the economy...

In this paper, we explore the impact of recent interest rate increases on the Irish economy and chart out the potential impact using scenarios for the period 2023- 2025. We use the COSMO macroeconometric model of the Irish economy to test the impacts through credit markets and the real economy,...

This working paper provides an updated overview of the financial block satellite model in COSMO. This block allows for an analysis of macrofinancial relationships and links these back into the main COSMO specification. The critical importance of appropriately assessing macro-financial linkages...