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  • Book review: Preventing the future: why was Ireland so poor for so long? / by Tom Garvin. Dublin: Gill and Macmillan, 2004. 

    Honohan, Patrick; Garvin, Tom (Economic & Social Research InstituteDublin, 2004)
    In the last year of peace before the First World War, Ireland had (though this book does not make any such comparison) reached a level of per capita income roughly comparable with that of Swaziland today, while the remainder ...
  • Fiscal adjustment in Ireland in the 1980s 

    Honohan, Patrick (Economic & Social Research InstituteDublin, 1992)
    We examine both the motivation for, and the overall dynamics of, fiscal adjustment from 1981 to 1991. Growing interest costs to meet an ever-expanding debt, combined with the impact of retrenchment on the welfare bill and ...
  • The flow of funds 1972-1977 

    Honohan, Patrick; Dunne, John (Statistical and Social Inquiry Society of Ireland, 1982)
    Corresponding to the existence of financial assets there is the phenomenon of saving and dissaving, of financial surpluses and deficits. We may say that whenever an economic agent spends, over a certain period, more than ...
  • Inflation and consumption in Ireland 

    Honohan, Patrick (Economic and Social Research InstituteDublin, 1979)
    In inflationary times, consumers have limited, mainly out-of-date, information on the general level of prices. Consequently, when the general rate of inflation accelerates unexpectedly, consumers tend to mistakenly regard ...
  • Ireland in EMU: more shocks, less insulation? 

    Honohan, Patrick; Leddin, Anthony J. (Economic & Social Research InstituteDublin, 2006)
    Despite anchoring the Irish monetary system to a common zone-wide exchange rate and interest rate, EMU has triggered sizeable exchange rate and especially interest rate shocks to the Irish economy (albeit not appreciably ...
  • Irish inflation in EMS 

    Honohan, Patrick; Flynn, John (Economic and Social Research InstituteDublin, 1986)
    This paper outlines the interaction of Irish prices and wages, and highlights the crucial importance of foreign price movements in determining inflation in Ireland. The discussion is based on quarterly empirical estimates ...
  • Resolving Ireland?s banking crisis 

    Honohan, Patrick (Economic & Social Research InstituteDublin, 2009)
    The Irish banking system has been, in effect, on a life-support system since September 2008. Complacency resulted in the banks fuelling the late stage of an obvious construction bubble with massive foreign borrowing, leaving ...
  • Some effects of North Sea oil on Irish economy 

    Honohan, Patrick (Economic and Social Research InstituteDublin, 1978)
    It wis argued here that the formulation of policies, whether of the private or public sector, based on the assumption that the Irish inflation rate will be (and can safely be) close to that in the U.K. are likely to prove ...
  • Sterling movements and Irish pound interest rates 

    Honohan, Patrick; Conroy, Charles (Economic & Social Research InstituteDublin, 1994)
    Despite convergence of inflation to below the system's average, Ireland experienced volatile short-term interest rates in the EMS. Much of the volatility comes from periods of Sterling weakness being associated with higher ...
  • Trends in the share of long-term unemployment in Ireland 

    Breen, Richard; Honohan, Patrick (Economic & Social Research InstituteDublin, 1991)
    Unemployment in Ireland has long been characterised by two features: a relatively high rate of unemployment, and a relatively high proportion of the unemployed who are long-term unemployed (defined as unemployed for one ...
  • A visual test for a unit root: Geary's count of sign changes revisited 

    Honohan, Patrick; Geary, R. C. (Economic & Social Research InstituteDublin, 1996)
    Prompted by Geary's (1970) suggestion in a different context, the stationarity of a plotted time series can be assessed by simply counting the number of times the plot crosses the trend line linking the first and last ...
  • W. M. Gorman (1923?2003) 

    Honohan, Patrick; Neary, J. Peter (Economic & Social Research InstituteDublin, 2003)
    William Moore Gorman, known to all as Terence, died in Oxford on 12 January 2003. The greatest Irish economist since Edgeworth, he was, like Edgeworth, totally unknown to the general public, both in his native country and ...