Kieran McQuinn
Economic and Social Research Institute
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Publication
Featured researches published by Kieran McQuinn.
Real Estate Economics | 2017
Yvonne McCarthy; Kieran McQuinn
Using a unique combination of regulatory and survey microdata, we examine the importance of the life cycle theory of consumption in estimating housing wealth effects for the Irish mortgage market. Since the recent financial crisis, this market has experienced substantial house price declines and negative equity. Thus, house price expectations are likely to be important in influencing housing wealth effects. We find a positive correlation between consumption and changes in housing wealth among our sample of mortgaged Irish households. Furthermore, we find that this positive association only exists when housing wealth changes are perceived to be of a permanent nature.
European Journal of Housing Policy | 2016
David Duffy; Niall McInerney; Kieran McQuinn
The aftermath of the 2007/2008 financial crisis has resulted in many central banks and regulatory authorities examining the effectiveness of macroprudential policy in preventing the emergence of future credit bubbles. Specific limits on loan-to-value (LTV) and loan-to-income (LTI) ratios have been introduced in a number of economies as a means of ensuring greater financial stability. The Irish property and credit market were particularly affected in the crisis as the domestic housing market had, since 1995, experienced sustained price and housing supply increases. Much of the activity in the Irish market was fuelled by a credit bubble following the emergence of international wholesale funding post 2003. After a period of pronounced declines, Irish house prices in late 2013 started to increase significantly; in early 2015, in response, the Irish Central Bank imposed new LTV and LTI limits to curb house price inflation. However, the introduction of these measures comes at a time when housing supply and mortgage lending are still at historically low levels. Therefore, in this paper we use a newly developed structural model of the Irish property and credit market to examine the implications of these measures for house prices and key activity variables in the mortgage market.
Archive | 2018
Kieran McQuinn; Conor O'Toole; Philip Economides
Executive Summary Research Note 2012/3/1: Trends in Irish Exports, David Duffy and Eddie Casey Research Bulletin 2012/3/1: What do We Know about Special Educational Needs? Evidence from Growing Up in Ireland, Joanne Banks and Selina McCoy Special Article: Measuring Fiscal Stance, Ide Kearney
Research Technical Papers | 2013
Yvonne McCarthy; Kieran McQuinn
Quarterly Economic Commentary | 2014
Kieran McQuinn
Research Technical Papers | 2013
Yvonne McCarthy; Kieran McQuinn
Review of Income and Wealth | 2017
Yvonne McCarthy; Kieran McQuinn
Journal of Policy Modeling | 2016
David Cronin; Kieran McQuinn
Research Technical Papers | 2013
Robert Kelly; Kieran McQuinn
The Quarterly Review of Economics and Finance | 2017
Yvonne McCarthy; Kieran McQuinn