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Alan Ahearne joined the Department of Economics in 2005. He also holds an appointment as a Nonresident Research Fellow at Bruegel, the influential Brussels-based think tank, and is a Research Associate at the Institute for International Integration Studies at Trinity College Dublin. Dr. Ahearne is an invited member of the Financial Times Economists' Forum and of the EMU Monitor group of monetary experts. Prior to coming to Galway, Dr. Ahearne was a Senior Economist in the International Finance Division of the Federal Reserve System in Washington DC. During his seven years at the Federal Reserve Board, his duties included preparing notes for and presenting briefings to Chairman Alan Greenspan and other Board Governors. He was also the principal economist at the Board covering the Japanese and Chinese economies. Dr. Ahearne has taught economics 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 is on a leave of absence from March 2009 as Special Advisor to the Minister for Finance Brian Lenihan. 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; services sector growth; 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, Sunday Business Post. 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). Dr. Ahearne's Ph.D. dissertation advisor at Carnegie Mellon was Finn Kydland, winner of the Novel Prize in economics in 2004 Selected PublicationsMonetary Policy and House Prices: A Cross-Country Study (with John Ammer, Brian Doyle, Linda Kole and Robert Martin), International Finance Discussion Paper 841. Washington: Board of Governors of the Federal Reserve System, September 2005.Zombies Firms and Economic Stagnation in Japan (with Naoki Shinada) in International Economics and Economic Policy, vol. 2, no. 4, December 2005. Preventing Deflation: Lessons from Japan's Experience in the 1990s (with Steve Kamin, Joseph Gagnon, and others), International Finance Discussion Papers 729. Washington: Board of Governors of the Federal Reserve System, 2002. European Perspectives on Global Imbalances (with Jürgen von Hagen) in "European and Asian Perspectives on Global Imbalances” Edited by Alan Ahearne, 2007. Europe’s External Monetary and Financial Relations since the Euro: A Review and a Proposal (with Barry Eichengreen) in "Fragmented Power: Europe and the Global Economy" Edited by André Sapir, 2007. Information Costs and Home Bias: An Analysis of U.S. Holdings of Foreign Equities (with William Griever and Frank Warnock), Journal of International Economics, vol. 62, March 2004.
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