Dr. Paul Egan:

Not in this paper. There is a financial and housing block within the model. It was not the focus of this paper. A couple of different levers would be at play here. When we shock the model with tariffs, incomes and modified domestic demand come down. However, price pressures across the eurozone also feed into the Irish economy. Interest rates would then be adjusted by the European Central Bank to counteract inflationary measures. That would all have an impact on housing prices, demand and supply. Therefore, it is difficult to isolate the specific-----