Subscribe to Economy feed
Commentary, information, and intelligent discourse about the Irish economy
Updated: 22 min 46 sec ago

The Central Bank’s Useless Harmonised Competitiveness Indicators

20 March 2018 - 12:34pm

This was the original title of this recent paper of mine.   Some people thought it too truculant but even Patrick Honohan – when he wanted, as Governor, to talk about competitiveness – would get his RA’s to calculate the old indicators rather than use the new ones.  To keep it eye-catching I dropped the ‘Useless’ and added ‘Pernicious or Merely Otiose?’ but then some (though not the journal, I should point out) complained that they had to reach for the dictionary!  But I think the issue is a serious one.  I am hoping that Peter Clinch at the National Competitiveness Council will take up the challenge.