Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John McCarthy:

Yes. After 2001, the Department approached the Central Bank and the ESRI to second somebody to the Department to undertake technical work on their behalf. I moved from the Central Bank to the Department at the time and a senior economist from the ESRI moved. We undertook some of the technical work. So, in other words, the economic capacity or the modelling capacity was improved.

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