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

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 ...