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At The Margin

Niall Farrell

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Discussions about GDP, housing and other issues seem to assume that we know quite a bit about the topic already. Most of us don't. This podcast will fill in those gaps. During each episode, an expert will guide us through a given topic, with the goal of providing enough information so we can piece together our own informed views. Many of the speakers are working at the cutting edge of their respective fields, guiding us through both the accumulated evidence and showing us where things are li ...
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This is the final episode in conjunction with the Irish Society for Women in Economics (ISWE). This episode features a panel discussion on gender diversity in the Irish Economics Profession. I am joined by Dr. Margaret Samahita, Assistant Professor at UCD; Dr. Kevin Devereux, Assistant Professor at Peking University; and Míde Griffin, now based at …
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This is the third episode in our special series in association with the Irish Society for Women in Economics (ISWE). I am joined by Kate Laffan to discuss the environment and wellbeing. Kate is an Assistant Professor in Behavioural Science at the London School of Economics. Prior to that, Kate was a Marie Curie Fellow at UCD. Kate has done much wor…
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I am joined by Lucie Martin, PhD candidate at University College Dublin, to discuss administrative burdens. If I were to distil administrative burdens into a single sentence it would be the burden created by onerous form-filling or other administrative tasks. We all know the pain that comes with having to fill out yet another form or go through a s…
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Welcome to a new set of episodes put together in conjunction with the Irish Society for Women in Economics (ISWE). In this first episode we discuss the gender wage gap in Ireland. I am joined by Karina Doorley of the ESRI and Donal O’Neill of Maynooth University. Both have looked at various aspects of the participation of women in the Irish workfor…
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Energy prices are on everyone's mind lately since the Ukranian conflict began. Electricity markets have come under fire at a European level with Ursula von der Leyen saying they are no longer fit for purpose. Presumably this comment is in reference to the fact that wholesale electricity markets operate by setting the price at the cost of the most e…
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In this episode we discuss energy poverty and deprivation in Ireland with Barra Roantree and Michelle Barrett (ESRI). This is the first time I've had the opportunity to discuss research that I've been involved in (available here: https://www.esri.ie/publications/energy-poverty-and-deprivation-in-ireland) We discuss the trends of energy poverty and …
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This episode is all about health economics, a topic which has been on my to-do list since I started the podcast. We give an introduction to health economics and discuss the type of healthcare problems economists can help with. We go through healthcare on the island of Ireland and compare the systems in place north and south and finally we discuss t…
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Today's episode features a roundtable discussion on the Ukranian conflict and what this means for energy and environmental policy in Europe. This roundtable discussion took place at a recent economics of sustainability workshop at the University of Oxford. We discussed a number of topics, including the short term policy response, the implications f…
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I am joined by members of the Irish Society for Women in Economics (ISWE) executive committee to discuss the topic of women in economics. Bróna ní Chobhthaigh, Oana Peia, Karen Arulsamy and Darragh Flannery join to form the panel. Among the topics covered, we discuss some of the barriers faced by women at various stages of the career and lifecycle …
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This is our second episode on cryptocurrencies. I am joined by Dr. William Quinn, lecturer in finance at Queen's University Belfast. Will, along with his colleague Prof. John Turner, are experts when it comes to financial bubbles. Having observed crypto price dynamics that mimic a bubble, I invited Will along to give his views on whether cryptocurr…
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Today I am joined by Prof. Brian Lucey of Trinity College Dublin who has carried out a lot of research in recent years on cryptocurrencies. We go through the basics behind crypto/blockchain and the dynamics in the market. Brian offers some words of caution for any central bankers that might have one eye on digital currencies! We move on to other ar…
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Today we are chatting to Dr. Josue Ortega of Queen’s University Belfast. Josue is an expert in matching markets. These are essentially markets without money. Normally we use prices to allocate goods to those who value them the most - How do figure this out when we don’t have money? And what if both sides of the transaction have preferences, like ma…
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On today’s episode of at the margin I am joined by Dr. Flavio Toxvaerd to discuss the economics of vaccines. Flavio is a lecturer in economics at the University of Cambridge and has published widely on the economics of vaccines, immunisation and social distancing. Check out his extensive research on the topic here: https://www.econ.cam.ac.uk/people…
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In this episode, I am joined by Linus Mattauch of the Technical University of Berlin. Linus is also a research affiliate with the Potsdam Institute for Climate Impact Research and the Institute for New Economic Thinking at the University of Oxford. Linus speaks to us about his work on making carbon pricing work for citizens. We discuss ways in whic…
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Welcome back to a new series of At the Margin! This episode is a bit earlier than expected – I wanted to share it with you as soon as possible. We’ll be back to our usual Tuesday release date in due course. Seamus Coffey joins to discuss corporation tax. Seamus is an economics lecturer at University College Cork and is a former chair of Ireland’s F…
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Today I am joined by Dr. Fergal O’Connor, finance lecturer at University College Cork. Fergal is an expert in gold and other precious metals. We go through everything you wanted to know about gold. We discuss the historical reasons why gold is valuable and how this has translated into the modern world. We go through the various economic drivers and…
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I am joined by Dr. David Zetland – David is a lecturer at Leiden University and an expert on the political economy of water management. We discuss the economics behind water management and how politics can get in the way. We discuss the economics and politics surrounding water charging throughout the British Isles and discuss the ongoing Irish wate…
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Today’s guest is Anja Shortland, Professor In political economy at King’s College London. Prof. Shortland does some really interesting work on the economics of crime and will speak to us today about the economic dynamics at play in hostage situations. Yes, that's correct – today’s episode is on the economics of kidnapping! Prof. Shortland has a boo…
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Hello and wlecome to this episode of "At the margin"! I have a great episode lined up with Tim Harford, Oxford economist and all-round economic raconteur. Tim joins to discuss statistics – how we can get it wrong, such as when our emotions influence our interpretation, and offers some basic rules of thumb when it comes to making sense of the inform…
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Hello and welcome everyone to a special week for the podcast! We have a change in name to "At the Margin" – same great podcast, new great name! this week we have a very special double bill. In this first part we welcome Prof. Patrick Honohan, honorary professor of economics at Trinity College Dublin. Prof. Honohan has held many positions, most nota…
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Today I am joined by Dr. Eoin McLaughlin, Senior Lecturer at UCC. Eoin’s work has covered economic history and environmental sustainability. We discuss how his research on the Spanish flu can help us better understand COVID death counts and how his work on Irish land bonds can better help us understand the recent debate surrounding Eurobonds/Corona…
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Episode #28 is with Prof. Alan Matthews, Emeritus Professor of European Agricultural Policy at Trinity College Dublin. Prof. Matthews takes us through the economic conundrum that is the Common Agricultural Policy, how it has evolved and how it may develop in the future. Along the way, we touch on how the CAP can best guide sustainable agricultural …
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On today’s episode I am joined by Dr. Reamonn Lydon of the Central Bank of Ireland to discuss the wealth of Irish households. Rea has been poring over the Household Finance and Consumption Survey which is one of the primary data sources used to understand Irish household wealth – something which is notoriously difficult to get a handle on. We go th…
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Prof. Robert H. Frank of Cornell University joins to discuss his contribution to the field of behavioural economics. We delve into the economic consequences of 'keeping up with the Joneses' (aka 'positional externalities'); how peer pressure can help solve climate change and help in the fight against COVID19, and the strategic role of emotions. I w…
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I am joined by Dr. Robbie Butler who is a lecturer at University College Cork and is an expert in Sports economics. We discuss 'Fergie time', the use of bonus points in rugby and whether pundits are actually better than the average fan when it comes to predicting a result. There is something in this conversation for those of us less interested in s…
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I am joined by Dr. Karina Doorley and Dr. Barra Roantree who are senior research officer and research officer respectively, with the Economic and Social Research Institute. We discuss why we need taxes; what can happen when we get it wrong; and how Ireland's benefit system has been very important in helping the vulnerable during the COVID19 crisis.…
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This episode features music economist Chris Carey. Chris is Head of International Marketing at TicketSwap and is a founder of the FastForward music conference. He is a former Global Insight Director at Universal and EMI, and a former Senior Economist at PRS for Music. We explore how recent changes in technology and the market shape the music we lis…
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Today I am joined by Pete Lunn of the ESRI to discuss behavioural economics and behavioural science. This is our second episode dealing with behavioural science - I would urge you to check out the earlier conversation with Liam Delaney if you have not done so already. Today’s conversation builds on many of the concepts first discussed with Liam. Pe…
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We cover: 1) Why become an economist 2) Common pathways to becoming an economist 3) A recommended approach to studying economics 4) Career options and some factors that determine what role is suitable for you 5) Navigating a PhD My thanks to - Prof John FizGerald; Prof. Edgar Morgenroth, Prof. Liam Delaney, Dr. Darragh Flannery, Dr. Muireann Lynch,…
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I am joined by Dr. William Quinn, lecturer in finance at Queen’s University Belfast to discuss stock market bubbles. We go through the ‘British bicycle mania,’ big shorts and savvy bond villains who have resorted to shady stock market trades. Some of you have enquired about ways to support the podcast and help cover the costs. I was able to acquire…
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This is a bumper episode this week. I am joined by Dr. Graham Brownlow (Queen's University Belfast) to discuss the Northern Irish Economy. We go through the development of the Northern Irish economy throughout the 20th Century and a little bit before. Graham's expert knowledge really gives us a depth of understanding that I have not heard elsewhere…
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This week we have a departure from the usual COVID related topics. In this episode I am joined by Jonathan Ruane, a Lecturer at the MIT Sloan School of Management and adjunct at TCD. Jonathan and I discuss the impact Artificial intelligence may have on the global economy. We go through the disruptive technologies of AI and machine learning, introdu…
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On this episode I am joined by Dr. Orla Doyle. Orla is Associate Professor at the UCD School of Economics and a Research Fellow at the Geary Institute at UCD. Orla specialises in the economics of human development, particularly on evaluating the effectiveness of early childhood interventions. Orla has led an exciting research project entitled 'Prep…
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I am joined today by Dr. Ronan Lyons to speak about the Irish Property market. Ronan is an Assistant Professor of Economics at Trinity College Dublin, with research interests in housing markets, urban economics, and economic history. You may also know Ronan from his work with Daft, where he is responsible for many of their pieces of economic analys…
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We continue the COVID-19 theme this week. Having explored the impacts from various academic angles we now explore the impact from an industry perspective. This is important insight as we have heard a lot of numbers over the last few weeks but less attention has been paid on discussing the problems driving these figures. Gerard Brady, chief economis…
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We have an episode of a slightly different focus today, where we view the EU decision-making from a political science perspective. Speaking to you on the 7th of April, it is clear that EU intervention will be of central importance to kickstarting the European economy once the COVID19 pandemic dies down. Indeed, today is a day when the Eurogroup mee…
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On this bonus episode, I am joined by Linda Thunstrom and Stephen Newbold who are Assistant Professors at the University of Wyoming. Along with co-authors, they produced a very interesting paper quantifying the costs and benefits of social distancing. We take a deep-dive into this paper which is a very timely piece of work. Given the time constrain…
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In this episode I am joined by Prof. Michael McMahon of the University of Oxford. Prof. McMahon is also a member of Ireland’s Fiscal Advisory Council. We had arranged this discussion some time ago before the COVID19 outbreak, with the original plan to cover the fiscal and monetary tools used to manage the economy. However, given recent developments…
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Welcome to the Christmas Special part 2. Don't forget to check out part one if you haven't already. This is another fun chat about a very important topic – is Christmas really coming earlier every year? This is strictly speaking a statistics question but I think its one listeners of the podcast will find very interesting. I am joined by Nathan Cunn…
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Christmas special part 1: The Economics of Christmas This is the first part of our two-part Christmas special. Given the time of year, this is a lighter take on economics. In this episode, I am joined by Shane Doherty to have a chat about the economics of Christmas. Shane is not an economist but an enquiring mind when it comes to economics so a goo…
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Episode 9 features Dr. Benjamin Bodirsky of the Potsdam Institute for Climate Impact Research. Benjamin has done a lot of research modelling the global food system. Such modelling is important to figure out how the system will be able to support changes in population growth, changes in dietary preferences and respect environmental constraints. In t…
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In Episode 8, I am joined by Dr. Darragh Flannery of the University of Limerick. Darragh is an expert in the economics of education. We discuss why economists need to study education and different ways in which one can conceptualise investment in education. We discuss the implications for policy and how these ideas inform public support for educati…
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In this episode, I am joined by Prof. Stephen Kinsella of the Kemmy Business School at the University of Limerick. Stephen has turned his hand to many topics, most notably applying novel method to the task of understanding the macroeconomy. It has been said that the economic crisis was a crisis for macroeconomics. We probe elements of this statemen…
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Episode 6 features Professor Eoin Reeves and Dr. Donal Palcic who are experts in analysing the financing of public infrastructure. We discuss the economics behind 'public-private partnerships' (PPPs) which are a common way for the private sector to participate in the provision of public infrastructure such as roads, hospitals and more recently, bro…
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This episode provides an overview of energy economics. I take a slightly different format this week. I offer some insight into the Irish electricity market, inspired by some requests from Twitter followers (@IrishEconPod). Alongside this, Dr. Jacquelyn Pless of the Sloan School of Management at the Massachusetts Institute for Technology (MIT) and D…
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Ep. 4 discusses behavioural science - the psychology of decision-making. Economics has a reputation for not fully appreciating the complexities of human decision-making. Many economic theories assume that we all make 'rational' decisions - that we can perfectly process all the details like a computer and come up with the best outcome (or, in econ-s…
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Dr. Muireann Lynch joins to discuss why economists love carbon taxes so much. We go through the economic reasoning behind a carbon tax, we discuss why a carbon tax is better than a subsidy and we debate the various ways carbon tax revenues can be redistributed to householders. Practice often differs to theory and we discuss some of the peculiaritie…
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Episode 2 of the Irish Economics Podcast addresses the strategy behind the Brexit decisions. Edgar Morgenroth, professor of economics at DCU joins as we discuss Brexit decision making from the beginning. Was Brexit inevitable, given anti-EU sentiment, or could David Cameron have taken a different approach? How much of Theresa May's woes were down t…
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We have a very special first episode as Prof. John FitzGerald joins to discuss Ireland's economic history. John has been involved in Irish economics in one shape or another since he joined the department of Finance in 1972. John takes us through Ireland's divorce bill - when Ireland's national debt burden became intertwined with how the Northern Ir…
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