Dan Aykroyd and Eddie Murphy in ‘Trading Places’. Their characters’ antics would be an anachronism today. Photograph: Paramount

This is another story about well-intentioned regulation going awry. It is also an example of something that lots of people are concerned about: the ri(...)

If the emerging markets deliver a major shock that spreads to Europe, then Mario Draghi’s famous promise to “do whatever it takes” to save the euro will, finally, be tested in combat.

One crisis after another. As hopes have risen for a normalisation of the world economy following the Great Financial Crisis, a new storm is brewing(...)

The ECB headquarters in Frankfurt. Despite the two quarters of grinding growth, the size of the euro zone economy is still smaller (by 0.4 per cent) than at the same time last year. The recovery, such as it is, is fragile. Photograph:  Kai Pfaffenbach/Reuters

The euro zone economy grew by 0.1 per cent in the three months to end-September, it was announced yesterday. That this was in line with market expecta(...)

Rising global inequality may not just be a cyclical phenomenon; something structural could be going on. The rise of the 1 per cent might be a function(...)

If we ever doubt that the past is a foreign country, just take a glance at the shape and structure of the Irish economy half a century ago. Fifty year(...)

By any standards, including comparing ourselves to our major trading partners and competitors, these tax rates are high and kick in at low levels of income.

We are often told that Ireland is a “low-tax” country. Tax tables published with the main budget documents provide a revealing insight into the curren(...)

Given how much “fiscal adjustment” has already been done by this Government , taking another €2.5 billion out of the economy was never going to be eas(...)

Michael Noonan has a limited menu of options to choose from to make up the balance and will target the new “old reliables” such as taxes on unearned income. If there is a banana skin, it’s probably in the pension changes.

There is just over a week to go to Budget 2014. In many ways it is a very predictable budget. The Government has hemmed itself in with all sorts of co(...)

Euro, yen, and U.S. dollar banknotes of various denominations are arranged for a photograph in Soka City, Saitama Prefecture, Japan, on Wednesday, Aug. 29, 2012. The dollar headed for a monthly advance versus the yen before U.S. data forecast to show consumer spending rose the most since February. Photographer: Kiyoshi Ota/Bloomberg

In another resounding defeat for the forecasting community, the developed economies are leading a global economic recovery. It wasn’t supposed to happ(...)

Trust is at the heart of any financial system. Any transaction of any kind involves an element of trust. Most obviously, when goods and services ar(...)