Professor Alan Barrett:

I will try to give focused answers to the Deputy's focused questions. The Department of Finance does not have its own macroeconomic model of the Irish economy. It has historically relied on the ESRI model. To be clear, it made an input into the development of the original HERMES model approximately 30 years ago. An official from the Department is working with us on the development of the COSMO model. It does not have its own model. We lead the model that is used, although it has an input into that model. I am aware that part of the Department's rationale for having an official working closely with us is that this person can do their own runs of the model. Typically, we have done those runs for the Department. On the question of how countries internationally organise their------