Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John McCarthy:

Absolutely not. One of the problems in the past has been that there is this generalist versus specialist approach. I think there is a general recognition that there was a lack of specialist at the time. Not just in economics but I think in other areas as well. There was no career path for economists within the Department. John FitzGerald has spoken about this, I think in this forum, but certainly at other fora he has spoken quite a lot about this. He had to leave the Department because he felt if he wanted to move up he would have to move outside the economic space and into the sort of ... and that is what we are trying to address now is to create a career structure so you can join as an economist and you can move up the ranks as an economist. So as I mentioned, there is currently a competition under way for AP economists and as I said before you can go all the way up to my position, to assistant secretary, and remain an economist.