Prof Alan Ahearne

B.B.S., M.Sc., M.Econ.Sc.,Ph.D

Contact Details

Director
Whitaker Institute
Room 372
Whitaker Institute
2nd Floor, Cairnes Building
NUI Galway
Galway

T: +353-91-494231
E: alan.ahearne@nuigalway.ie
Personal Professor
DEPARTMENT OF ECONOMICS
Room 236, 1st Floor
Cairnes Building
NUI Galway

T: Ext. 4231
E: alan.ahearne@nuigalway.ie
 
researcher

Biography

Alan Ahearne is Director of the Whitaker Institute and Professor of Economics and at the National University of Ireland, Galway. He a member of the Commission (that is, the Board of Directors) of the Central Bank of Ireland, Chairman of the Bank’s Budget and Remuneration Committee, and a member of the Risk Committee. He is Chairman of the Department of Finance and ESRI Joint Research Programme on the Macroeconomy and Taxation. He has served as Adviser to the IMF and as a Research Fellow at Bruegel, the influential Brussels-based think tank. He holds an honorary appointment at the Darden Graduate School of Business Administration at the University of Virginia. 

Alan served as Special Adviser to Ireland’s former Minister for Finance Brian Lenihan from 2009 to 2011. In this role, he advised the Minister on economic, budgetary and financial policy in responding to the economic and financial crisis.

Alan obtained his PhD from Carnegie Mellon University (in Pittsburgh) in 1998 and subsequently joined the Federal Reserve Board in Washington DC, where he worked for seven years as a Senior Economist. At the Fed, he advised Alan Greenspan, Ben Bernanke and other Fed Governors on developments in the global economy. He was the principal economist at the Fed covering the Japanese and Chinese economies.

 Selected Publications:
"Making the Best of It: Lessons from Ireland's Experience in an EU/IMF Program", in The Cyprus Bail-In: Policy Lessons from the Cyprus Economic Crisis, edited by  A. Michaelides and A. Orphanides, 2016.

"Structural Policies in IMF Surveillance" (with Paul Acquah and Paul Collier), Background Study prepared for the IMF's 2014 Triennial Surveillance Review, July 2014.

"The Debt Challenge in Europe" (with Guntram Wolff), in Transatlantic Economic Challenges, edited by Jacob Funk Kirkegaard, Nicolas Véron and Guntram Wolff, European Commission, 2012.   

"Coming of Age: Report on the Euro Area", (with Philippe Aghion, Marek Belka, Jean Pisani-Ferry, Jürgen von Hagen, Lars Heikensten, and André Sapir), 2008.

“Europe’s External Monetary and Financial Relations since the Euro: A Review and a Proposal” (with Barry Eichengreen) in "Fragmented Power: Europe and the Global Economy" Edited by André Sapir, July 2007.

"Information Costs and Home Bias: An Analysis of U.S. Holdings of Foreign Equities" (with William Griever and Frank Warnock), Journal of International Economics, vol. 62, (March 2004) pp. 313-336.

Peer Reviewed Journals

  Year Publication
(2008) 'The EU and the Governance of Globalisation'
Ahearne, A., Andre Sapir, Jean Pisani-Ferry and Nicolas Veron (2008) 'The EU and the Governance of Globalisation'. International Journal of Public Policy, [Details]
(2007) 'Global Imbalances: The Risks for the World Economy'
Ahearne, A. (2007) 'Global Imbalances: The Risks for the World Economy'. Field Day Review, 3 [Details]
(2006) 'Ireland's Great Depression'
Ahearne, A. (with Finn Kydland and Mark Wynne) (2006) 'Ireland's Great Depression'. Economic And Social Review, 37 (2) [Details]
(2005) 'Zombies Firms and Economic Stagnation in Japan'
Ahearne,A. (with Naoki Shinada) (2005) 'Zombies Firms and Economic Stagnation in Japan'. International Economics and Economic Policy, 2 (4):363-381 [Details]
(2004) 'Information Costs and Home Bias: An Analysis of US Holdings of Foreign Equities'
Ahearne, A. (with William Griever and Frank Warnock) (2004) 'Information Costs and Home Bias: An Analysis of US Holdings of Foreign Equities'. Journal of International Economics, 62 :313-336 [Details]
(2003) 'China and Emerging Asia: Comrades and Competitors'
Ahearne, A. (with John Fernald, Prakash Loungani and John Schindler) (2003) 'China and Emerging Asia: Comrades and Competitors'. Seoul Journal of Economics, :183-213 [Details]

Books

  Year Publication
(2008) Coming of Age: Report on the Euro Area.
Ahearne, A. (2008) Coming of Age: Report on the Euro Area. Brussels: Bruegel. [Details]

Book Chapters

  Year Publication
(2016) 'Making the Best of It: Lessons from Ireland's Experience in an EU/IMF Programme'
Alan Ahearne (2016) 'Making the Best of It: Lessons from Ireland's Experience in an EU/IMF Programme' In: The Cyprus Bail-In: Policy Lessons from the Cyprus Economic Crisis. London: World Scientific. [Details]
(2014) 'Banking Union: An Assessment'
Alan Ahearne (2014) 'Banking Union: An Assessment' In: Banking Union: Progress and Prospects. Dublin: IIEA. [Details]
(2012) 'Political-Economic Context in Ireland'
Alan Ahearne (2012) 'Political-Economic Context in Ireland' In: Resolving the European Debt Crisis. Washington DC: PIIE. [Details]
(2008) 'Current Account Imbalances in the Euro Area'
Ahearne, A. (with Jürgen von Hagan and Birgit Schmitz) (2008) 'Current Account Imbalances in the Euro Area' In: Challenges of Globalisation: Imbalances and Growth. Washington DC: PIIE. [Details]
(2007) 'Europen's External Monetary and Financial Relations since the Euro: A Review and a Proposal'
Ahearne, A. (with Barry Eichengreen) (2007) 'Europen's External Monetary and Financial Relations since the Euro: A Review and a Proposal' In: Fragmented Power: Europe and the Global Economy (edited by André Sapir). [Details]
(2007) 'Euroopean Perspectives on Global Imbalances'
Ahearne, A. (with Jürgen von Hagen) (2007) 'Euroopean Perspectives on Global Imbalances' In: European and Asian Perspectives on Global Imbalances (edited by A. Ahearne). [Details]

Conference Publications

  Year Publication
(2015) Towards 2016: 1916 in Irish Literature, Culture & Society
Alan Ahearne (2015) Economic Sovereignty in Ireland: A Thing of the Past? . In: Seán Crosson and Werner Huber eds. Towards 2016: 1916 in Irish Literature, Culture & Society [Details]
(2012) Transatlantic Economic Challenges
Alan Ahearne and Guntram Wolff (2012) The Debt Challenge in Europe Transatlantic Economic Challenges [Details]

Published Reports

  Year Publication
(2014) Structural Policies in IMF Surveillance.
Alan Ahearne, Paul Acquah and Paul Collier (2014) Structural Policies in IMF Surveillance. International Monetary Fund, Washington DC. [Details]
(2014) The Next Steps - Restoring Financial Sustainability to the Irish Hotel Industry.
Alan Ahearne (2014) The Next Steps - Restoring Financial Sustainability to the Irish Hotel Industry. Irish Hotels’ Federation, Dublin. [Details]
(2012) Time to Invest: Proposals to Restore Financial Sustainability to the Irish Hotel Industry.
Alan Ahearne (2012) Time to Invest: Proposals to Restore Financial Sustainability to the Irish Hotel Industry. Irish Hotels’ Federation, Dublin. [Details]

Edited Books

  Year Publication
(2007) European and Asian Perspectives on Global Imbalances.
Alan Ahearne (Ed.). (2007) European and Asian Perspectives on Global Imbalances European and Asian Perspectives on Global Imbalances. Brussels: Bruegel. [Details]

Other Journals

  Year Publication
(2001) 'Countering contagion: Does China's experience offer a blueprint'
Ahearne (with John Fernald and Prakash Loungani) (2001) 'Countering contagion: Does China's experience offer a blueprint' Economic Perspectives, 25 :38-52. [Details]

Conference Paper

  Year Publication
(2006) Condoms and House Prices: the Irish Experience. IEA Annual Conference.
Ahearne,A. (with Robert Martin) (2006) Condoms and House Prices: the Irish Experience. IEA Annual Conference. Conference Paper [Details]

Other Item

  Year Publication
(2006) Glying Geese or Sitting Ducks: China's Impact on the Trading Fortunes of other Asian Economies. International Finance Discussion Paper.
Ahearne, A. (with John Fernald, Prakash Loungani and John Schindler) (2006) Glying Geese or Sitting Ducks: China's Impact on the Trading Fortunes of other Asian Economies. International Finance Discussion Paper. Other Item [Details]
(2005) Monetary Policy and House Prices: A Cross-Country Study. International Finance Discussion Papers 841. Washington: Board of Governors of the Federal Reserve System.
Ahearne, A. (with John Ammer, Brian Doyle, Linda Kole and Robert Martin) (2005) Monetary Policy and House Prices: A Cross-Country Study. International Finance Discussion Papers 841. Washington: Board of Governors of the Federal Reserve System. Other Item [Details]

Policy Contribution

  Year Publication
(2008) A Tail of Two Countries.
Ahearne, A. (with Juan Delgado & Jakob von Weizsäcker) (2008) A Tail of Two Countries. Policy Contribution [Details]
(2007) Global Imbalances: Time for Action.
Ahearne, A. (with William Cline, Kyung Tae Lee, Yung Chul Park, Jean Pisani-Ferry and John Williamson (2007) Global Imbalances: Time for Action. Policy Contribution [Details]
(2006) The Euro Only for the Agile.
Ahearne, A. (with Jean Pisani-Ferry) (2006) The Euro Only for the Agile. Policy Contribution [Details]
(2005) Global Current Account Imbalances: How to Manage the Risk for Europe.
Ahearne, A. (with Juergen von Hagen) (2005) Global Current Account Imbalances: How to Manage the Risk for Europe. Policy Contribution [Details]

Research Paper

  Year Publication
(2005) Preventing Deflation: Lessons from Japan's Experience in the 1990s. International Finance Discussion Papers 729. Washington: Board of Governors of the Federal Reserve System.
Ahearne, A. (with Steve Kamin,Joseph Gagnon & others) (2005) Preventing Deflation: Lessons from Japan's Experience in the 1990s. International Finance Discussion Papers 729. Washington: Board of Governors of the Federal Reserve System. Research Paper [Details]

Teaching Interests

Masters in International Finance: International Finance, International Macroeconomics & International Monetary Economics.

Executive MBA: Irish Economic Policy.