Oireachtas Joint and Select Committees

Wednesday, 11 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Is it fair to say the HERMES modelling was outdated? Was there a problem with the ESRI's modelling techniques at that moment in time? Did it factor in the particular peculiarities of Ireland in terms of the banking sector and 25% of the economy being based around construction?