SBP Editorial: ‘Leprechaun economics’ jibes show vulnerability of small open economy

17th July, 2016

Paul Krugman is one of the world’s most eminent commentators on economic matters. The Central Statistics Office (CSO) is a serious, diligent agency of the state. Last week the two collided.

When the CSO published its report that Ireland’s gross domestic product - the total value of goods produced and services provided in a country during a given year - had increased by 26.3 per cent, Krugman was moved to describe it as...

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