Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I'm interested in just what the ESRI and ... sorry, the IMF, OECD and ECOFIN was saying in relation to property-related transactions. And when you were chief economist ... obviously, under your position of chief economist, you had the number of divisions, one of them would have been statistics - wouldn't that be ... that'd be correct - economic analysis and monetary policy and fiscal stability. When ... when these agencies, external agencies, were talking about a cushion to build up for the time when property transactions would fall, did you commission ... or ask any of the divisions below to actually ... "Let's actually look at what proportion of the State's revenue is made up of property transaction", or can you recall when, if any, that you actually asked for that type of research to be done?

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