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 and 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. Ahearne’s 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.
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 2020 → 31 Dec 2024
Member of the External Advisory Group for the Parliamentary Budget Office, Parliamentary Budget Office
1 May 2018 → 30 Jun 2020
Consultant to the UK’s Department for International Development, Department for International Development, UK Government
1 Mar 2016 → 30 May 2019
Chair of the Joint Department of Finance/ESRI Research Programme on the Macroeconomy, Taxation & Banking, Economic and Social Research Institute
1 Feb 2015 → 30 Jun 2020
Adviser to the International Monetary Fund, International Monetary Fund
1 Feb 2014 → 30 Sep 2014
Non-executive director of the Central Bank of Ireland, Central Bank of Ireland
1 Apr 2011 → 30 Jun 2020
Non-Resident Research Fellow, Bruegel, Belgium
1 Aug 2005 → 31 Dec 2016
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):
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SDG 8 Decent Work and Economic Growth
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SDG 10 Reduced Inequalities
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SDG 12 Responsible Consumption and Production
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SDG 13 Climate Action
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SDG 17 Partnerships for the Goals
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Collaborations and top research areas from the last five years
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The impact of Fit for 55 on Irelands maritime transport sector and the macroeconomy
Ahearne, A., 1 Aug 2023, In: Maritime Economics & Logistics. 27, 1, p. 25-49 25 p.Research output: Contribution to a Journal (Peer & Non Peer) › Article › peer-review
Open Access3 Citations (Scopus) -
The Impact of Fit for 55 on Irelands Maritime Transport Sector and the Macroeconomy
Ahearne, A., 1 Jan 2023, Socio-Economic Marine Research Unit (SEMRU).Research output: Working paper
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Challenges and Opportunities for Irelands Major Ocean Economy Industries
Ahearne, A. & Hynes, S., 1 Jun 2020Research output: Book/Report › Commissioned Report › peer-review
Open Access -
Challenges and Opportunities for Irelands Major Ocean Economy Industries. Invited Presentation to Inter-Departmental Marine Coordination Group, Department of the Taoiseach, Dublin, June 10th.
Ahearne, A., 1 Jun 2020Research output: Other contribution (Published) › Other contribution
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Remote Working During COVID-19: Irelands National Survey. Initial Report. May 2020
Ahearne, A. & Mccarthy, A., 1 May 2020Research output: Book/Report › Commissioned Report › peer-review
Open Access
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Investment Committee(Internal) (External organisation)
Ahearne, A. (Member)
23 Apr 2018 → …Activity: Membership › Membership of committee
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Independent Review Group to examine the removal of private practice from public hospitals
Ahearne, A. (Other)
10 Dec 2017 → …Activity: Other › Community Engagement/Outreach
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Research Committee(Internal) (External organisation)
Ahearne, A. (Member)
1 Nov 2016 → …Activity: Membership › Membership of committee
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Chairman, Joint ESRI Finance Macroeconomy Taxation Research Programme
Ahearne, A. (Other)
1 Feb 2015 → …Activity: Other › Community Engagement/Outreach
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