Tom McDonnell: Seamus Coffey has put together a very lucid post over at Economic Incentives estimating the actual scale of the banking cost.
This kind of forensic analysis is a very useful counterpoint to some of the more hysterical comments over the last few days and should be required reading.
Tom McDonnell is senior economist at the NERI and is responsible for among other things, NERI's analysis of the Republic of Ireland economy including risks, trends and forecasts. He specialises in economic growth theory, the economics of innovation, the Irish and European economies, and fiscal policy. He previously worked as an economist at TASC and before that was a lecturer in economics at NUI Galway and at DCU. He has also taught at Maynooth University.
Tom obtained his PhD in economics from NUI Galway.