Republic of Telly ask the really hardhitting questions:
Showing posts with label fiscal policy. Show all posts
Showing posts with label fiscal policy. Show all posts
Monday, December 20, 2010
Tuesday, December 07, 2010
First Cut is the Deepest
Following Gift Grub's line, it seems an appropriate song for the day that's in it! But let's have the Cat Steven's version!
Wednesday, November 24, 2010
Main Points of Four-Year Plan
From the RTE website, below are the main points of the four year plan.
Main points:
* €15bn correction over four years
* Public expenditure down €10bn, tax up €5bn
* Corporation Tax will remain at 12.5%
* Social Welfare to be cut by €2.8bn by 2014
* VAT will rise to 23% by 2014
* Health spending to fall by €1.4bn over term of the plan
* Minimum wage to fall to €7.65 per hour
* Property tax in place by 2012
* Domestic water charges to be in place by 2014
* Plan includes 'full implementation of the Croke Park deal'
* New entrants to Public Service will face a 10% pay cut
* Public Service pensions to be cut by an average of 4%
* A new government could renegotiate plan - Enda Kenny
Main points:
* €15bn correction over four years
* Public expenditure down €10bn, tax up €5bn
* Corporation Tax will remain at 12.5%
* Social Welfare to be cut by €2.8bn by 2014
* VAT will rise to 23% by 2014
* Health spending to fall by €1.4bn over term of the plan
* Minimum wage to fall to €7.65 per hour
* Property tax in place by 2012
* Domestic water charges to be in place by 2014
* Plan includes 'full implementation of the Croke Park deal'
* New entrants to Public Service will face a 10% pay cut
* Public Service pensions to be cut by an average of 4%
* A new government could renegotiate plan - Enda Kenny
Ireland's Fiscal Adjustment
Ireland's four year fiscal strategy is available on this link
Like most people here, I will be digesting this over the course of tonight.
Like most people here, I will be digesting this over the course of tonight.
Saturday, November 13, 2010
Hungarian Phrase Book
The Minister for Finance, Brian Lenihan Jr. TD, has recently denied that there is "a tall Hungarian" ensconced in the Department of Finance.
However given the recent developments in the sovereign bond market and the deteriorating economic situation generally it is imperative that our mandarins are prepared for any eventuality. This educational video shows the decisive way forward to ensure good communications with our European overlords.
Thursday, November 04, 2010
Everything is Ticketyboo
Courtesy of a link by commentor Greg on irisheconomy, this Danny Kaye gem is a nice one to have in mind before you read the details of upcoming budget cuts in Ireland.
Wednesday, September 29, 2010
Links of Interest: 29th September
1. President Barack Obama chose Austan Goolsbee to succeed Christina Romer as the head of the U.S. Council of Economic Advisers. Here, the Wall Street Journal do a profile of Goolsbee.
2. The Guardian: a "nudge unit" set up by David Cameron in the Cabinet Office is working on how to use behavioural economics and market signals to persuade citizens to behave in a more socially integrated way.
3. The Daily Telegraph on Rory Sutherland's quiet behavioural economics revolution in the advertising industry.
4. Greatest Good: "a unique firm formed with the goal of applying rigorous, cutting-edge data analysis and economic methods to the most salient problems of business and philanthropy." Founding partners include Steven Levitt, Gary Becker, Daniel Kahneman and John List. Affiliates include David Laibson, Emily Oster, Steven Pinker and Richard Thaler.
5. The U.S. National Commission on Fiscal Responsibility and Reform. They have a separate mandate to the Congressional Budget Office. "The Commission is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run."
6. A fascinating read for any Ph.D. student in Economics, or Ph.D. economist: 'Market Structure in the Production of Economics Ph.D.s'. Frank A. Scott, Jr. and Jeffrey D. Anstine; Southern Economic Journal Vol. 64, No. 1 (Jul., 1997), pp. 307-320.
7. The (Irish) Department of Education and Skills Inventory of Data Sources: "This document contains a matrix of educational data sources which are available from the Department of Education and Science and the agencies under its aegis."
8. University Attendance Scanners: "Northern Arizona University has installed electronic devices that record student attendance in an effort to boost freshmen grades and lift lagging graduation rates. But some students say the monitoring makes them feel less independent." (Southern California Public Radio).
9. "The Production and Deployment of an On-line Video Learning Bank in a Skills Training Environment" - Gerald Cannon, Mary Kelly, Colette Lyng, Mary McGrath; AISHE-J: The All Ireland Journal of Teaching and Learning in Higher Education, Vol 1, No 1 (2009).
10. For economics undergraduates: the Irish Taxation Institute Fantasy Budget Competition. Who needs fantasy football?
2. The Guardian: a "nudge unit" set up by David Cameron in the Cabinet Office is working on how to use behavioural economics and market signals to persuade citizens to behave in a more socially integrated way.
3. The Daily Telegraph on Rory Sutherland's quiet behavioural economics revolution in the advertising industry.
4. Greatest Good: "a unique firm formed with the goal of applying rigorous, cutting-edge data analysis and economic methods to the most salient problems of business and philanthropy." Founding partners include Steven Levitt, Gary Becker, Daniel Kahneman and John List. Affiliates include David Laibson, Emily Oster, Steven Pinker and Richard Thaler.
5. The U.S. National Commission on Fiscal Responsibility and Reform. They have a separate mandate to the Congressional Budget Office. "The Commission is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run."
6. A fascinating read for any Ph.D. student in Economics, or Ph.D. economist: 'Market Structure in the Production of Economics Ph.D.s'. Frank A. Scott, Jr. and Jeffrey D. Anstine; Southern Economic Journal Vol. 64, No. 1 (Jul., 1997), pp. 307-320.
7. The (Irish) Department of Education and Skills Inventory of Data Sources: "This document contains a matrix of educational data sources which are available from the Department of Education and Science and the agencies under its aegis."
8. University Attendance Scanners: "Northern Arizona University has installed electronic devices that record student attendance in an effort to boost freshmen grades and lift lagging graduation rates. But some students say the monitoring makes them feel less independent." (Southern California Public Radio).
9. "The Production and Deployment of an On-line Video Learning Bank in a Skills Training Environment" - Gerald Cannon, Mary Kelly, Colette Lyng, Mary McGrath; AISHE-J: The All Ireland Journal of Teaching and Learning in Higher Education, Vol 1, No 1 (2009).
10. For economics undergraduates: the Irish Taxation Institute Fantasy Budget Competition. Who needs fantasy football?
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