Dr Philip R. Lane has been named the new head of the Irish Central Bank. He replaces Dr. Patrick Honohan who is retiring from the position.

Dr. Lane is currently is professor of international macroeconomics and director of the Institute for International Integration Studies (IIIS) at Trinity College, Dublin. He received a doctorate in Economics at Harvard University in 1995 and was an Assistant Professor of Economics and International Affairs at Columbia University during 1995-1997 before joining TCD in 1997. He is a research fellow of the Centre for Economic Policy Research and has 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 500 Economists in the World according to IDEAS/RePEc.

Dr. Lane’s 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.