Oireachtas Joint and Select Committees

Wednesday, 4 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Marc MacSharryMarc MacSharry (Fianna Fail)
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I thank Professor Ahearne for coming here. At the time economists like him would consider the output gap and whether there was one. Since then it seems they consider structural deficits. Can Professor Ahearne outline how the system has changed and how that may now show things up that they did not see at the time?