Personal profile

Biography

Alan Ahearne is Professor of Economics at the University of Galway. Alan served as Economic Adviser to Taoiseach Micheál Martin from July 2020 to December 2024. He served as a non-executive director of the Central Bank of Ireland from 2011 to 2020, and chaired the Banks Risk Committee and Budget amp; Remuneration Committee. He served as Chair of the Joint Department of Finance ESRI Research Programme on the Macroeconomy, Taxation and Banking, and was a member of the External Advisory Group to Ireland's Parliamentary Budget Office.

He has served as adviser to the IMF, Consultant to the U.K. Department for International Development, and as a Research Fellow at the think tank Bruegel in Brussels.He holds an honorary appointment at the Darden Graduate School of Business Administration at the University of Virginia. Alan served as Economic Adviser to Ireland's 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. He served during 2018/19 as a member of the Independent Review Group set up by the Department of Health to examine the removal of private practice from public acute hospitals.

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.

Research Interests

Dr. Ahearnes areas of expertise are macroeconomics and international finance. 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. In addition to being published in top academic journals, his research has featured in The Economist, Financial Times, Wall Street Journal, New York Times, Irish Times, and Sunday Business Post.

Teaching Interests

Macroeconomics; Models of economic growth; Business cycles; International capital flows; Exchange rates.

Expertise related to UN Sustainable Development Goals

In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):

  • SDG 8 - Decent Work and Economic Growth
  • SDG 10 - Reduced Inequalities
  • SDG 12 - Responsible Consumption and Production
  • SDG 13 - Climate Action
  • SDG 17 - Partnerships for the Goals

Education/Academic qualification

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

External positions

External Examiner, Trinity College Dublin

1 Jan 2022 → …

Economic Adviser to Taoiseach Micheál Martin, Irish Government

1 Jul 202031 Dec 2024

Member of the External Advisory Group for the Parliamentary Budget Office , Parliamentary Budget Office

1 May 201830 Jun 2020

Consultant to the UK’s Department for International Development, Department for International Development, UK Government

1 Mar 201630 May 2019

Chair of the Joint Department of Finance/ESRI Research Programme on the Macroeconomy, Taxation & Banking, Economic and Social Research Institute

1 Feb 201530 Jun 2020

Adviser to the International Monetary Fund, International Monetary Fund

1 Feb 201430 Sep 2014

Non-executive director of the Central Bank of Ireland , Central Bank of Ireland

1 Apr 201130 Jun 2020

Non-Resident Research Fellow , Bruegel, Belgium

1 Aug 200531 Dec 2016

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