Dáil Éireann Debate, Tuesday - 14 June 2016
168. Deputy Pearse Doherty asked the Minister for Finance his plans to develop additional models for estimating medium-term potential growth to ensure signs of overheating are detected, as per the fiscal council's suggestion; and if he will make a statement on the matter. [15737/16]
View answerMy Department is in the process of developing alternative models for estimating potential output. Considerable work has been done on this front, and is now nearing completion. An outline of this work is set out in Box 1, page 24, of the 2016 Stability Programme Update, published in April. The intention is to publish the technical work in the short-term. However, I would stress that for the purposes of assessing the cyclical position of the economy, the European Commission's harmonised methodology is still the relevant metric.
