Oireachtas Joint and Select Committees

Wednesday, 4 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Can he rationalise the apparent decision of the academic economics profession to exclude the banking sector from economic modelling? This issue was raised by Senator O'Keeffe. It appears to be a glaring omission, even if I accept that we have the benefit of hindsight. Why was banking omitted from economic modelling?

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