Minister for Finance appoints Dr. Alan Ahearne to the Central Bank Commission
The Minister for Finance, Brian Lenihan T.D., today appointed Dr. Alan Ahearne as a member of the Central Bank Commission. Dr. Ahearne’s appointment is for a period of four years.
The Minister for Finance said:
“Dr. Ahearne is exceptionally well qualified to serve on the Central Bank Commission and I have no doubt that his appointment to the Commission will prove invaluable in the coming months and years.”
The Central Bank Commission consists of four ex-officio members and between six and eight members appointed by the Minister for Finance. This is the sixth appointment the Minister for Finance has made to the Commission since the commencement of the Central Bank Reform Act 2010 on October 1 last year. Dr. Ahearne’s appointment fills a vacancy on the Board which dates from that point. A further two appointments may be made at the discretion of the Minister for Finance.
Dr. Ahearne will join the ex-officio members Professor Patrick Honohan (Governor); Mr. Matthew Elderfield (Head of Financial Regulation); Mr. Tony Grimes (Head of Central Banking) and Mr. Kevin Cardiff (Secretary General of the Department of Finance) and other appointed members Professor John Fitzgerald; Mr. Max Watson; Mr. Michael Soden; Mr. Des Geraghty and Professor Blanaid Clarke on the Commission.
8th March 2011
Notes for Editors
Dr. Alan Ahearne was appointed as Special Advisor to the Minister for Finance in March 2009. In this role, he advised the Minister on economic, budgetary and financial policy in responding to the economic and financial crisis. Among other things, he played an advisory role in relation to the three Budgets during this period, the National Recovery Plan, the creation of the National Asset Management Agency and other measures to address the financial crisis.
Prior to his appointment as Special Advisor, Dr. Ahearne lectured in economics in the J.E Cairnes School of Business and Economics at the National University of Ireland, Galway.
He is also a Non-Resident Fellow at Bruegel and is a Reserach Associate at the Institute for International Integration Studiesat Trinity College Dublin. Before joining NUIG, he was Senior Economist at the Federal Reserve Board in Washington, DC, where he worked for seven years.
He has taught economics at at Carnegie Mellon University, University College Dublin, Dublin City University, and the University of Limerick. He began his professional career with Coopers & Lybrand and also worked for Bank of Ireland Group Treasury.
Dr. Ahearne's areas of expertise are macroeconomics and international finance and his research has been published in leading publications. His research includes studies on property markets in Ireland and other industrial countries; global current account imbalances and exchange rates; and the economic performance of the euro area.
Dr. Ahearne received a B.B.S. from the University of Limerick in 1989, an M.Econ.Sc. from University College Dublin in 1991 and an M.Sc. (1995) and a Ph.D. (1998), both in economics, from Carnegie Mellon University. At Carnegie Mellon, he received several awards and honours, including the William Larimer Mellon Doctoral Fellowship (1993-1996) and the Excellence in Teaching Award (1997). His Ph.D. dissertation advisor at Carnegie Mellon was Finn Kydland, winner of the Nobel Prizein Economics in 2004.