Rockwell College Student wins ‘Young Economist of the Year’

Competing against over 250 students from all over Ireland, Rockwell College 6th Year student Cahal Murphy, was presented with a Gold medal for his project "Quantative Easing, does it work?" at the ceremony in the Galway Bay Hotel on Monday, April 24th.  

This remarkable achievement by such a talented student is a first for Rockwell College. Cahal's  project, which examines the effects of global recession on unemployment in America, Europe and Japan, was shortlisted to the final ten before the Galway event.  In his work, Cahal demonstrated that large scale asset purchasing by America’s Federal Bank, the E.C.B. of Europe and Japan’s B.O.J. is ineffective and failed to inflate or affect G.D.P. growth in order to stimulate economic progression.

Cahal hopes to go on to study Economics and Finance in U.C.D. next year. In the meantime, he will attend the Annual Conference of Irish Economists on May 5th