Oireachtas Joint and Select Committees

Wednesday, 6 December 2017

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

2:00 pm

Photo of Tommy BroughanTommy Broughan (Dublin Bay North, Independent) | Oireachtas source

In its document the council makes a profound criticism of the commonly agreed methodology, CAM, saying the production function is flawed, and gross domestic product, GDP, gross national income, GNI*, and so on. Has the council put forward a credible alternative methodology that could be produced side by side by the Department of Finance to give us less pro-cyclical and more medium-term strength in forecasting?

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