[1] I would like to thank my Central Bank colleagues who contributed to my remarks across the range of topics. LeBlanc, J., & Lydon. R., 2019 “Indebtedness and spending: What happens when the music stops?”, Central Bank of Ireland, Research Technical Paper, Vol 2019 No. 14. Ibid, page 30. Ibid, page 3.
As of 2019Q2, per capita consumer spending was 3 per cent below pre-recession levels (2007Q2). Central Statistics Office, 2019. Quarterly National Accounts, Quarter 2 2019, (Table 3, Personal Consumption of Goods and Services) Central Bank of Ireland, 2019. Quarterly Financial Accounts, Q1 2019 Moll, B., 2017. “Distributional Macroeconomics”, ICRIER-NBER-NCAER Neemrana Conference, December 2017.