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Patrick Honohan

@phonohan.bsky.social
883 followers 62 following 36 posts

Former Governor, Central Bank of Ireland. @PIIE.com; @tcdeconomics.bsky.social; @CEPR.org

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Patrick Honohan @phonohan.bsky.social · 24/07/2026
I like the Great Europeans for the new euro banknotes. I also like the birds, but they are inextricably linked with the Kafkaesque office buildings. So for me it has to be be Callas, Curie, Leonardo and …
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Patrick Honohan @phonohan.bsky.social · 05/04/2026
Lough Conn from above Maasbrook Schoolhouse, Co. Mayo, Easter Sunday 2026.
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Patrick Honohan @phonohan.bsky.social · 29/01/2026
This idea from @dsquareddigest.bsky.social looks like a better approach for Ireland too of resolving the planning gridlock that discourages and delays housing and infrastructure projects. @ronanlyons.bsky.social @davidmcwecon.bsky.social
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Patrick Honohan @phonohan.bsky.social · 19/12/2025
My pet peeve about using GDP as a measure of national economic power. I suggest an adjustment that may get closer to reality. www.piie.com/blogs/realti...
piie.com
China vs. the US: Which GDP is bigger?
Has China yet surpassed the United States in aggregate economic power? Perhaps not. Although China’s GDP, at market prices and exchange rates, is still much lower than that of the United States, the o...
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Patrick Honohan @phonohan.bsky.social · 27/08/2025
Nice review from @omfif.bsky.social of my @piie.com book on crisis management. www.omfif.org/2025/08/cent...
omfif.org
Central banking manual for fighting crises: the need for split personalities - OMFIF
Patrick Honohan, governor of the Central Bank of Ireland from 2009 to 2015 – the seminal period of euro area sovereign debt upsets – is a central banker who almost literally grew up with economic and ...
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Patrick Honohan @phonohan.bsky.social · 09/08/2025
Mackerel sky, Dublin tonight.
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Patrick Honohan @phonohan.bsky.social · 07/07/2025
How much capital do central banks really have? My new @piie.com paper provides the calculation for twenty countries. There are some surprises.
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Patrick Honohan @phonohan.bsky.social · 01/07/2025
Central bank accounting is not standardised, making their financial condition hard to compare. www.piie.com/blogs/realti...
piie.com
How much money have central banks really lost?
Central banks experienced widespread financial losses over the last three years. The problem has been most severe at banks whose balance sheets were bloated in the years of low interest rates and quan...
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Patrick Honohan @phonohan.bsky.social · 17/04/2025
Studying the macroeconomic policy questions of Ireland over the past fifty years (with many colleagues) has been fascinating. The black hole of MNC profit repatriation, stabilizing the fiscal accounts, migration and unemployment, wealth inequality and financial crisis: there’s no better laboratory.
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Patrick Honohan @phonohan.bsky.social · 03/04/2025
Given the (strange) way yesterday's new US tariffs were calculated, Ireland escapes a much higher tariff (42%) by being included in the EU (20%).
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Patrick Honohan @phonohan.bsky.social · 17/03/2025
Interesting combination and seasonal timing for this podcast from @bruegel.bsky.social
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Reposted by Patrick Honohan
Peterson Institute for International Economics @piie.com · 10/02/2025
Ireland collects much of the corporate tax revenue a more coherent US tax code would channel back across the Atlantic. Ireland could also be in the firing line as a major & growing contributor to the US trade deficit—now 4th in the world. By @phonohan.bsky.social: www.irishtimes.com/opinion/2025...
irishtimes.com
Patrick Honohan: Ireland is more exposed to Trump’s tariff war than any other European country
Without turning away from the United States, it is vital for Ireland to remain unambiguously and progressively engaged in collective action in support of Europe
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Patrick Honohan @phonohan.bsky.social · 21/01/2025
Through Waterford-born Nobel prize-winning Physicist Ernest Walton (1903-95), Ireland has a better claim than the United States to having been the first (along with New Zealander Ernest Rutherford and Englishman John Cockroft), to have "split the atom". www.atomicarchive.com/history/manh...
atomicarchive.com
The Atomic Solar System
The Manhattan Project: Making the Atomic Bomb.
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Patrick Honohan @phonohan.bsky.social · 21/01/2025
Disappointing indeed. International regulatory collaboration is needed to help prevent climate damage from the financial sector.
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Patrick Honohan @phonohan.bsky.social · 20/12/2024
Here is ECB Chief Economist Philip Lane recommending my new @piie.com book The Central Bank as Crisis Manager in today’s ECB Podcast (Minute 15:30). soundcloud.com/europeancent...
soundcloud.com
Tariffs, tensions and tackling inflation: the road ahead
What impact do global events have on our economy? And how has the ECB’s monetary policy shifted? As 2024 comes to an end, our host Paul Gordon discusses these questions and more with Chief Economist
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Patrick Honohan @phonohan.bsky.social · 10/12/2024
Online at 6 pm Wednesday (Dublin time)
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Patrick Honohan @phonohan.bsky.social · 29/11/2024
And one sector provides an interesting exception to the lackluster 2019-2024 sectoral real earnings growth in Ireland. It's the Information and Communication sector (shown below as IT), already with relatively high weekly earnings and still racing ahead as it has for many years.
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Patrick Honohan @phonohan.bsky.social · 29/11/2024
If it's economics that drives voting in general elections, the question for Ireland today is whether it's microeconomics or macro. (See the NYT piece by @fotoole). These graphs quantify the contrast between rocketing aggregate employment growth and below peak average real earnings.
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Patrick Honohan @phonohan.bsky.social · 27/11/2024
I think it’s spelled “Winsorizing”. en.m.wikipedia.org/wiki/Winsori...
en.m.wikipedia.org
Winsorizing - Wikipedia
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Patrick Honohan @phonohan.bsky.social · 27/11/2024
Good points made by @luigaricano. In addition, these restrictions that the ECB is proposing for its CBDC (maximum balance, interest rate) will prevent it anchoring a payments system independent of US jurisdiction…
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Reposted by Patrick Honohan
Romesh Vaitilingam @econromesh.bsky.social · 25/11/2024
The global financial crisis had a huge impact on Ireland, with soaring unemployment & a big rise in public debt with the bank bailouts; but the economy has bounced back strongly since 2012, mainly due to globalisation & FDI @econ-observatory.bsky.social www.economicsobservatory.com/how-did-irel...
economicsobservatory.com
How did Ireland recover so strongly from the global financial crisis? - Economics Observatory
The global financial crisis of 2007-09 had a huge impact on Ireland, with soaring unemployment and a big rise in public debt as the government bailed out the country’s banks. But the Irish economy has...
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Patrick Honohan @phonohan.bsky.social · 21/11/2024
Economists working on Ireland. Great idea Rebecca, thanks!
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Patrick Honohan @phonohan.bsky.social · 21/11/2024
Take a look at the jump in Irish employment. 100,000 in the past twelve months alone. Will the approaching de-globalization clouds be the peak of this roller-coaster?
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Patrick Honohan @phonohan.bsky.social · 20/11/2024
Congratulations David. Indeed, though I’ve read a lot of histories of money, you certainly have crafted a compelling narrative in yours.
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Patrick Honohan @phonohan.bsky.social · 30/10/2024
Even though I know why, still neat to see it “going backwards”. Thanks.
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