Philip R. Lane
|Philip R. Lane|
|Governor of the Central Bank of Ireland|
3 November 2015
|Preceded by||Patrick Honohan|
Professor Philip R. Lane (born 27 August 1969) is an Irish economist that was appointed Governor of the Central Bank of Ireland in November 2015 for a seven year term. In this role he is a member of the Governing Council and General Council of the European Central Bank.
He was professor of international macroeconomics and director of the Institute for International Integration Studies (IIIS) at Trinity College, Dublin. He studied at Trinity College, and was elected a scholar in Economic and Social Studies there before receiving a doctorate in Economics at Harvard University in 1995. He then became Assistant Professor of Economics and International Affairs at Columbia University during 1995-1997 before returning to Trinity in 1997. He remains affiliated with Trinty College as Whatley Professor of Political Economy (on leave). He was a research fellow of the Centre for Economic Policy Research and had been a visiting scholar at the International Monetary Fund and the Federal Reserve Bank of New York and a consultant to the European Commission. He is among the Top 5% of Economists in the World according to IDEAS/RePEc.
He has also chaired the Advisory Scientific Committee of the European Systemic Risk Board and was Director of the International Macroeconomics and Finance Programme at CEPR. He has also acted as an academic consultant for the European Central Bank, World Bank, OECD, Asian Development Bank and a number of national central banks. In September 2016 he was appointed as chair of the ESRB High-Level Task Force on Safe Assets.
His research interests include international economics, economic growth, European Monetary Union and Irish economic performance. He is best known for his work on the voracity effect by which a positive shock perversely reduces economic growth through more-than-proportionate fiscal redistribution and for his measurements of the stocks of foreign assets and liabilities.
Lane appeared regularly in the media prior to his appointment as Governor of the Central Bank of Ireland.