Articles tagged with: Tom McDonnell

Household Wealth and its Distribution in Ireland

on Wednesday, 03 December 2014. Posted in Issue 75 Inequality Matters

PdfIconHousehold Wealth and its Distribution in Ireland

Tom McDonnell

Introduction

We do not know the distribution of household wealth in Ireland. The reason is straightforward. We do not yet have sufficiently high-quality data usable for distributional analysis – the type of analysis that would allow us to know what groups within society own what share of wealth. We cannot even be certain about aggregate net wealth in Ireland or of the composition of wealth by asset type. 

Household balance sheet data, such as quarterly accounts data, is of minimal use for distributional analysis as it provides only aggregate data and excludes certain types of asset. On the other hand, survey data contain systemic biases due to the undervaluation and/or omission of certain asset types – for example, financial and personal assets. 

Where Do We Want the Euro to be in 2020 and How Do We Get There?

on Wednesday, 11 July 2012. Posted in Issue 69 The Future of the Euro, Economics

Great Expectations

European Monetary Union (EMU) was supposed to be a harbinger of growth and stability for its member states, yet the euro zone debt crisis is now in its fourth year and continues to rumble on, in a seemingly endless cycle of crises, summits and false dawns. The currency union creaks under the deficiencies of the euro zone’s fundamentally flawed design, while its survival and capacity to prosper depend on its ability to fix these design flaws. The stakes are high.