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The ESRI Medium-Term Economic Model

In: Medium-Term Review: 1991-1996


  • Bradley, John
  • FitzGerald, John


The purpose of this short article is to give a non-technical introduction to the present revised and extended version of the ESRI medium-term model. While a complete technical description is in preparation and will be published later in the year, we felt that an informal presentation of the model would assist the reader in following the forecasting and analysis contained earlier in the present Review. In section 1.2 we give an overview of the key mechanisms in the model, and follow in Sections 1.3-1.7 with more detailed descriptions of the main sub-sectors: manufacturing, services, and the public sector, and of the labour supply and the expenditure (or absorption) sides of the model. We conclude with an impression of how we think the model provides a guide to the future evolution of the economy and how it helps present starkly some central policy dilemmas.

Suggested Citation

  • Bradley, John & FitzGerald, John, 1991. "The ESRI Medium-Term Economic Model," Book Chapters,in: Medium-Term Review: 1991-1996, pages 73-78 Economic and Social Research Institute (ESRI).
  • Handle: RePEc:esr:chaptr:jacb199103

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    Cited by:

    1. Ide Kearney, 1999. "A Note on Estimating Unemployment By Education," Papers WP103, Economic and Social Research Institute (ESRI).
    2. Bradley, John & Modesto, Leonor & Sosvilla-Rivero, Simon, 1995. "HERMIN : A macroeconometric modelling framework for the EU periphery," Economic Modelling, Elsevier, vol. 12(3), pages 221-247, July.
    3. John Bradley & Gerhard Untiedt, 2012. "Emerging from recession? Future prospects for the Irish economy 2012-2020," HERMIN Economic Papers 4-2012, HERMIN.
    4. John FitzGerald, 1998. "An Irish Perspective on the Structural Funds," Papers WP094, Economic and Social Research Institute (ESRI).
    5. Bradley, John & Whelan, Karl & Wright, Jonathan, 1995. "HERMIN Ireland," Economic Modelling, Elsevier, vol. 12(3), pages 249-274, July.

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