Ireland is now one of the most expensive countries in the EU, up there with the UK and Sweden, and only exceeded by Denmark. Photograph: Eric Luke/The Irish Times

While the popular perception is that the cost of living is always rising, since the beginning of the year consumer prices have on average been lowe(...)

 Olivier Blanchard, the recently retired chief economist of the IMF, believed it was an erroneous to assume that, under EMU, it would be easy to finance a current account deficit through foreign borrowing, given the absence of exchange rate risk

In Ireland since the second World War, major deficits on the current account of the balance of payments have generally been associated with periods of(...)

Minister for Finance Michael Noonan being questioned about  Irish Water at the launch of Activate Capital. Photograph: Eric Luke/The Irish Times

Despite the Coalition’s muted protests about the troika forcing its hand on the water charges issue, Irish Water is very much a creature of Fine Gael.(...)

‘When it comes to the marine, we’ve a pretty good record of selling off the family silver, or even giving it away.’ Above, John Fitzgerald takes Lorna Siggins on a seaweed foraging tour. Photograph: Valerie O’Sullivan

There can be few more pleasurable ways to acquire a spot of Latin than wading through cool, clear Atlantic waves off a southwest Kerry beach. I(...)

While a major and prolonged interruption to energy, especially electricity, may be highly unlikely, it is a key task of government and of the regulatory authorities to ensure this never happens

In the second World War Ireland faced a severe shortage of energy as the UK prioritised its own energy needs. As a result, Irish Shipping was establis(...)

Bright prospects? If Chinese workers continue to retire at 60, by 2030 the ratio of workers to retirees will drop precipitously from roughly 5:1 today to just 2:1.. Photograph:  EPA/HOW HWEE YOUNG

The rise of China to become a major world economy is one of the big changes in the world economic order over the last quarter century. That rise to ec(...)

Best Shops winner (gift/design/interiors) in Powerscourt Townhouse Centre. Photograph; Dara Mac Donaill 2:29

The Burren Perfumery, Co Clare  What a year it’s been for The Burren Perfumery, situated in Carron, Co Clare. Since winning the Best (...)

Prof John McHale, chairman, and Eddie Casey, economist, at the Irish Fiscal Advisory Council: it finds the Department of Finance’s latest medium-term scenario for the public finances “wholly unrealistic”. Photograph: Dara Mac Dónaill

Now that the economy is recovering, it is important to learn from past mistakes and pursue sustainable fiscal policies. Concerns have been expressed (...)

European Central Bank president Mario Draghi: the ECB fire brigade was late arriving to do “whatever it takes” in 2012 and, again, to take action to move the rate of inflation back towards its target of 2 per cent. Nonetheless, the ECB did take action. Photograph: Emmanuel Dunand/AFP/Getty Images

When the Economic and Monetary Union (EMU) was set up, a lot of work went into specifying the governance and objectives of the European Central Bank ((...)

Italian airline Alitalia’s planes are registered in Ireland because they are leased from an Irish company

For decades the National Accounts has been the bible for economists studying the economy. The most common simple measure of economic welfare is GDP, t(...)