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Seamus Coffey
Economics
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Seamus Coffey Nov 3
The pattern of PRSI and Income Tax tracked each other up to early 2016; have diverged since - due to policy measures. PRSI is up 7.2% y-on-y
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RTÉ Business Nov 2
The Bank of England has raised its base interest rate by 0.25% to 0.5%, its first rate hike in a decade
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Seamus Coffey Nov 1
Replying to @Jamesmcgrath281
We're approaching full employment but it is a cyclical indictaor. Structural changes to participation/migration mean impact is not fixed.
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Seamus Coffey Nov 1
Replying to @Jamesmcgrath281
I wouldn't pin it to a single number. Broader view looking at vacancy rate, wage inflation etc. as well as unemployment would be better.
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Seamus Coffey Nov 1
Replying to @Jamesmcgrath281
Not sure I can throw much illumination on that one. Technically if everyone who wants a job can find one but participation/migration move it
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Seamus Coffey Nov 1
Ireland's unemployment rate since 1983 does a good impression of the side elevation of a roller-coaster.
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Fortune Oct 31
To understand the benefits of tax reform, start by understanding Apple’s taxes
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CSO Statistics Nov 1
Ráta dífhostaíochta míosúil de 6.0% i mí Dheireadh Fómhair 2017 .EN
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Seamus Coffey Oct 31
Replying to @LatedebateRTE @RTERadio1 @RTENewsNow
Income Tax has been impacted by c.€2bn of revenue-reducing measures over the past few years. PRSI receipts consistently growing at 8-9%.
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Seamus Coffey Oct 31
Replying to @LatedebateRTE @RTERadio1 @RTENewsNow
In 2017 full-time employment has been growing at the fastest annual rate (almost 6%) since 1999.
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Seamus Coffey Oct 31
Replying to @LatedebateRTE @CSOIreland
And finally the number of people who are self-employed with no paid employees. Again over the past five years.
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Seamus Coffey Oct 31
Replying to @LatedebateRTE @CSOIreland
And over the same period the number of part-time workers who are "under-employed", i.e. would work more hours if they were available.
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Seamus Coffey Oct 31
Replying to @LatedebateRTE @CSOIreland
From the Quarterly National Household Survey by Number of people reporting they work "variable hours" over the past five years
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EU_Eurostat Oct 31
Euro area +0.6% in Q3 2017, +2.5% compared with Q3 2016: preliminary flash estimate from Eurostat
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EU_Eurostat Oct 31
Euro area at 8.9% in September; lowest rate since Jan 2009. EU at 7.5% - lowest since Nov 2008
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Seamus Coffey Oct 30
Replying to @Brad_Setser
Could be Irish-resident pharma companies getting output manufactured by third parties abroad. Or could be consumer electronics...
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Seamus Coffey Oct 30
Replying to @Brad_Setser
Hard to know. We know lots about the red line. Goods which physically leave IRE. Little about the gap: contract manufacturing done abroad.
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Seamus Coffey Oct 30
Replying to @Brad_Setser
And something happened Irish goods exports in Q1 2015 - which may or may not be related!.
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Seamus Coffey Oct 30
Replying to @Brad_Setser
They may have been in Irish-incorporated co's but they weren't "in Ireland" (up to 2014 at any rate). My take on ASI
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Seamus Coffey Oct 27
Replying to @GerardBrady100 @SligoEconomics
A bit dated now but some supporting insights to that: ?
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