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Irish Fiscal Advisory Council
Irish Fiscal Advisory Council (Fiscal Council; ) is a non-departmental statutory body providing independent assessments and analysis of the Irish Government's fiscal stance, its economic and budgetary forecasts, and its compliance with fiscal rules. The Fiscal Council was created in July 2011 as part of a wider agenda of budgetary reform after the 2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners .... The establishment of a fiscal council had been proposed domestically in the National Recovery Plan 2011-2014 and by the Joint Committee on Finance and the Public Service in November 2010. It also became a requirement of the EU/IMF Programme of Financial Support for Ireland (December 2010). Its establishment follows moves to establish independent watchdogs internatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of Ireland
Ireland ( ), also known as the Republic of Ireland (), is a country in Northwestern Europe, north-western Europe consisting of 26 of the 32 Counties of Ireland, counties of the island of Ireland, with a population of about 5.4 million. Its capital city, capital and largest city is Dublin, on the eastern side of the island, with a population of over 1.5 million. The sovereign state shares its only land border with Northern Ireland, which is Countries of the United Kingdom, part of the United Kingdom. It is otherwise surrounded by the Atlantic Ocean, with the Celtic Sea to the south, St George's Channel to the south-east and the Irish Sea to the east. It is a Unitary state, unitary, parliamentary republic. The legislature, the , consists of a lower house, ; an upper house, ; and an elected President of Ireland, president () who serves as the largely ceremonial head of state, but with some important powers and duties. The head of government is the (prime minister, ), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office For Budget Responsibility
The Office for Budget Responsibility (OBR) is a non-departmental public body funded by the HM Treasury, UK Treasury that provides independent Economic forecasting, economic forecasts and independent analysis of the public finances. It was formally created in May 2010 following the 2010 United Kingdom general election, general election and was placed on a statutory footing in 2011. It is one of a growing number of official independent Fiscal council, fiscal watchdogs around the world. Richard Hughes, former Director of Fiscal Policy at HM Treasury, has been head since October 2020. Functions The OBR examines and reports on the sustainability of the public finances and provides analysis and forecasts on the economy at the time of the UK Government's Budget Day, Budget and Spring Statements. The functions and responsibilities of the OBR are contained within the 2011 Act. It has four main duties: Forecasts of the economy and public finances The OBR produces five-year forecasts fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EU Independent Fiscal Institutions Network
The EU Independent Fiscal Institutions Network (EU IFIs) is a voluntary and inclusive institution open to all independent fiscal oversight bodies operating in the EU. It provides a platform to exchange views, expertise and pool resources in areas of common concern. It was formally created in September 2015 following the meeting of EU fiscal oversight bodies. The Network supports the efforts to review and reinforce the EU fiscal framework, seeking to better exploit the synergies between rules and institutions, as well as between different levels of administration whilst respecting the principle of subsidiarity and enhancing local ownership and accountability. The network is currently headed by Sander van Veldhuizen, Chair of the CPB Netherlands Bureau for Economic Policy Analysis. The Secretariat is managed by the Centre for European Policy Studies (CEPS). Chairs * José Luis Escrivá (2015–2019) * Seamus Coffey (2019–2020) * Sander van Veldhuizen (2020–2021) * Rich ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University College Galway
The University of Galway () is a public university, public research university located in the city of Galway, Republic of Ireland, Ireland. The university was founded in 1845 as "Queen's College, Galway". It was known as "University College, Galway" (UCG) () from 1908 to 1997 and as "National University of Ireland Galway" (NUI Galway) () from 1997 to 2022. In September 2022, it changed its name to "University of Galway". The University of Galway is a member of the Coimbra Group, a network of 40 long-established European universities. History The university was established in 1845 as Queen's College, Galway, together with University College Cork, Queen's College, Cork, and Queen's University Belfast, Queen's College, Belfast. It opened for teaching on 30 October 1849 with 68 students. In 1850, it became part of the Queen's University of Ireland, and its degrees were conferred in the name of that university. Located close to the city centre, the university campus stretches alon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University College Cork
University College Cork – National University of Ireland, Cork (UCC) () is a constituent university of the National University of Ireland, and located in Cork (city), Cork. The university was founded in 1845 as one of three Queen's University of Ireland, Queen's Colleges located in Queen's University Belfast, Belfast, Cork, and National University of Ireland, Galway, Galway. It became University College, Cork, under the Irish Universities Act 1908. The Universities Act 1997 renamed the university as National University of Ireland, Cork, and a Ministerial Order of 1998 renamed the university as University College Cork – National University of Ireland, Cork, though it continues to be almost universally known as University College Cork. Amongst other rankings and awards, the university was named Irish University of the Year by ''The Sunday Times (UK), The Sunday Times'' on five occasions; most recently in 2017. In 2015, UCC was also named as top performing university by the E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seamus Coffey
Seamus Coffey is an Irish economist and media contributor with a focus on the performance of the Irish economy and Irish macroeconomic and fiscal policy. He is a lecturer at University College Cork. He was chair of the Irish Fiscal Advisory Council (IFAC) from 2016 to 2020. Career Coffey authored the Irish state's review of the Irish corporate tax code in 2016 (the ''Coffey Report''), whose findings were implemented in 2017–2018. His bi-annual statutory IFAC reports on the sustainability of Irish State finances are covered in the Irish and international media. In December 2017, International Tax Review named Coffey in its ''2017 Global Tax 50''. Coffey maintains an economics blog called ''Economic Incentives'', which was the first to show the source of Ireland's 2015 distorted GDP growth was Apple. Coffey has won praise amongst financial commentators for the independence of IFAC's reports, and his role of 'financial watchdog' of state finances. See also * Morgan Kelly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Ireland
The Central Bank of Ireland () is the national central bank for Ireland within the Eurosystem. It was the Irish central bank from 1943 to 1998, issuing the Irish pound. It is also the country's main financial regulatory authority, and since 2014 has been Ireland's national competent authority within European Banking Supervision. The Central Bank of Ireland was founded on 1 February 1943, succeeding the Currency Commission of Ireland, a currency board established in 1922. Since 1 January 1972, it has operated under the Central Bank Act 1971, which completed the transition from the strict post-independence currency peg to the pound sterling to a fully autonomous central bank. Its head office, the Central Bank of Ireland building, was located on Dame Street, Dublin from 1979 until 2017. Its offices at Iveagh Court and College Green also closed down at the same time. Since March 2017, its headquarters are located on North Wall Quay, where the public may exchange non-current ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Statistics Office (Ireland)
The Central Statistics Office (CSO; ) is the statistical agency responsible for the gathering of "information relating to economic, social and general activities and conditions" in the Republic of Ireland (it does not operate in Northern Ireland), in particular the census which is held every five years. The office is answerable to the Taoiseach and has its main offices in Cork. The Director General of the CSO is Jennifer Banim. History The CSO was established on a statutory basis in 1994 to reduce the number of separate offices responsible for collecting statistics for the state. The CSO had existed, as an independent office within the Department of the Taoiseach, from June 1949, and its work greatly increased in the following decades, particularly from 1973 with the Republic of Ireland joining the European Economic Community (EEC). Previous to the 1949 reforms, statistics were collected by the Statistics Branch of the Department of Industry and Commerce on the creation of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic And Social Research Institute
The Economic and Social Research Institute (Institiúid Taighde Eacnamaíochta agus Sóisialta in Irish) is an Irish research institute founded in 1960 to provide evidence-based research used to inform public policy debate and decision-making. The research of the institute focuses on the areas of sustainable economic growth and social progress. Alan Barrett is the Director of the institute. History The institute was founded in 1960 by a group of senior academics and public servants, led by T. K. Whitaker, Secretary of the Department of Finance. While conducting an economic study of Ireland, Whitaker became aware of the necessity for an independent research organisation to conduct analysis of data using up-to-date quantitative techniques in order to make the data useful for public policy makers. The US-based Ford Foundation provided seed funding to establish the Economic Research Institute in 1960. In 1966 the remit of the institute was expanded to include social research ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Of The Republic Of Ireland
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The main types of modern political systems recognized are democracies, totalitarian regimes, and, sitting between these two, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also include monarchies as a standalone entity or as a hybrid system of the main three. Historically prevalent for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Republic Of Ireland
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
