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Professor Philip Lane
Honorary Professor, Economics

Biography

Philip R. Lane is Professor of International Macroeconomics and Director of the Institute for International Integration Studies (IIIS) at Trinity College Dublin. In addition, he is a research fellow of the Centre for Economic Policy Research (CEPR) and a member of the steering group for its Macroeconomics of Global Interdependence (MGI) working group. His research interests include financial globalisation, macroeconomics of exchange rates and capital flows, macroeconomic policy design, European Monetary Union, and the Irish economy. He is also a member of the Royal Irish Academy and the EURO-50 group. He serves on the editorial boards of the Journal of Economic Perspectives, Journal of European Economic Association, International Journal of Central Banking, Open Economies Review and Moneda y Credito. He is also a member of the scientific advisory committee of CEPII. In 2001, he was the inaugural recipient of the German Bernacer Award in Monetary Economics.

Publications and Further Research Outputs

Peer-Reviewed Publications

Philip R. Lane and Peter McQuade, Domestic Credit Growth and International Capital Flows, Scandinavian Journal of Economics, 116, (1), 2014, p218 - 252 Journal Article, 2014

Vahagn Galstyan, Philip R. Lane, Bilateral Portfolio Dynamics During the Global Crisis, European Economic Review, 57, (1), 2013, p63 - 74 Journal Article, 2013

Agustín S. Bénétrix and Philip Lane, Fiscal Shocks and The Real Exchange Rate, International Journal of Central Banking, 9, (3), 2013, p1 - 32 Journal Article, 2013

Vahagn Galstyan and Philip Lane, Bilateral Portfolio Dynamics During the Global Financial Crisis, European Economic Review, 57, 2013, p63 - 74 Journal Article, 2013 URL

Philip R. Lane, Growth and Adjustment Challenges for the Euro Area, Economic and Social Review, 44, (2), 2013, p273 - 295 Journal Article, 2013

Philip R. Lane, Financial Globalisation and the Crisis, Open Economies Review, 24, (3), 2013, p555 - 580 Journal Article, 2013

Agustin Benetrix, Philip R. Lane, Fiscal Cyclicality and EMU, Journal of International Money and Finance, 34, 2013, p164 - 176 Journal Article, 2013

Philip R. Lane, External Imblaances and Macroeconomic Policy, New Zealand Economic Papers, 47, (1), 2013, p53 - 70 Journal Article, 2013

Philip R. Lane, Cross-Border Financial Integration in Asia and the Macro-Financial Policy Framework, World Economics, 14, (2), 2013, p37 - 52 Journal Article, 2013

Philip R. Lane, The Credit Environment and Financial Globalisation, National Institute Economic Review, 225, 2013, pR14 - R22 Journal Article, 2013

Agustin Benetrix, Philip R. Lane, The Cyclical Conduct of Irish Fiscal Policy, World Economy, 35, (10), 2012, p1277 - 1290 Journal Article, 2012

Philip R. Lane, The European Sovereign Debt Crisis, Journal of Economic Perspectives, 26, (3), 2012, p49 - 68 Journal Article, 2012

Philip R. Lane, Gian Maria Milesi-Ferretti, External adjustment and the global crisis, Journal of International Economics, 88, (2), 2012, p252 - 265 Journal Article, 2012 TARA - Full Text

Philip Lane, The Dynamics of Ireland's Net External Position, Journal of the Statistical and Social Inquiry Society of Ireland, XLI, 2012, p24 - 34 Journal Article, 2012

Philip R. Lane, Barbara Pels, Current Account Imbalances in Europe, Moneda y Credito, 234, 2012, p224 - 250 Journal Article, 2012

Philip R. Lane, Gian Maria Milesi-Ferretti, The Cross-Country Incidence of the Global Crisis, IMF Economic Review, 59, (1), 2011, p77 - 110 Journal Article, 2011

Franklin Allen, Thorsten Beck, Elena Carletti, Philip R. Lane, Dirk Schoenmaker and Wolf Wagner, Cross-Border Banking in Europe: Implications for Financial Stability and Macroeconomic Policies, London, UK, Centre for Economic Policy Research, 2011, 1-119pp Book, 2011 URL TARA - Full Text

Philio R. Lane and Gian Maria Milesi-Ferretti, Cross-Border Investment in Small International Financial Centers, International Finance, 14, (2), 2011, p301 - 330 Journal Article, 2011

Christine Dwane, Philip R. Lane and Tara McIndoe, Currency Unions and Irish External Trade, APPLIED ECONOMICS, 42, (19), 2010, p2393 - 2397 Journal Article, 2010

Philip R. Lane and Jay Shambaugh, Financial Exchange Rates and International Currency Exposures, American Economic Review, 100, (1), 2010, p518 - 540 Journal Article, 2010

Agustin Benetrix and Philip R. Lane, Fiscal Shocks and the Sectoral Composition of Output, Open Economies Review, 21, (3), 2010, p335 - 350 Journal Article, 2010

Philip R. Lane, A New Fiscal Framework for Ireland, Journal of the Statistical and Social Inquiry Society of Ireland, XXXIX, 2010, p144 - 165 Journal Article, 2010

Philip R. Lane, Some Lessons for Fiscal Policy from the Global Crisis, Nordic Economic Policy Review, 1, (1), 2010, p13 - 34 Journal Article, 2010

Philip R. Lane, Jay C. Shambaugh, The long or short of it: Determinants of foreign currency exposure in external balance sheets, Journal of International Economics, 80, (1), 2009, p33-44 Journal Article, 2009 TARA - Full Text DOI

Vahagn Galstyan and Philip Lane, Fiscal Policy and International Competitiveness: Evidence from Ireland, The Economic and Social Review, 40, 2009, p299 - 315 Journal Article, 2009 URL

Vahagn Galstyan and Philip Lane, The Composition of Government Spending and the Real Exchange Rate, Journal of Money, Credit and Banking, 41, 2009, p1233 - 1249 Journal Article, 2009 URL

Agustin Benetrix and Philip R. Lane, The Impact of Fiscal Shocks on the Irish Economy, Economic and Social Review, 40, (4), 2009, p407 - 434 Journal Article, 2009

Philip R. Lane and Gian Maria Milesi-Ferretti, International Investment Patterns, Review of Economics and Statistics, 90, (3), 2008, p538 - 549 Journal Article, 2008

Philip R. Lane and Gian Maria Milesi-Ferretti, The Drivers of Financial Globalization, American Economic Review, 98, (2), 2008, p327 - 332 Journal Article, 2008

The Transfer Problem, Kenneth Reinert and Ramkishen S. Rajan, Princeton Encyclopedia of the World Economy, Princeton University Press, 2008, [Philip R. Lane] Item in dictionary or encyclopaedia, etc, 2008

Philip R. Lane and Sergio Schmukler, The Evolving Role of China and India in the International Financial System, OPEN ECONOMIES REVIEW, 18, (4), 2007, p499 - 520 Journal Article, 2007

Philip R. Lane and Gian Maria Milesi-Ferretti, The External Wealth of Nations Mark II, JOURNAL OF INTERNATIONAL ECONOMICS, 73, (2), 2007, p223 - 250 Journal Article, 2007

Philip R. Lane, The Swedish External Position and the Krona, International Economics and Economic Policy, 4, (3), 2007, p263 - 279 Journal Article, 2007

The International Financial Integration of China and India in, editor(s)S. Yusuf and A. Winters , Dancing with Giants: China, India and the World Economy, Washington DC, World Bank, 2007, [Philip R. Lane and Sergio Schmukler] Book Chapter, 2007

Philip R. Lane and Gian Maria Milesi-Ferretti, Capital Flows to Central and Eastern Europe, Emerging Markets Review, 8, (2), 2007, p106 - 123 Journal Article, 2007

Philip R. Lane and Gian Maria Milesi-Ferretti, Europe and Global Imbalances, Economic Policy, 22, (51), 2007, p519 - 573 Journal Article, 2007

Andre Faria, Philip R. Lane, Paolo Mauro and Gian Maria Milesi-Ferretti, The Shifting Composition of External Liabilities, Journal of European Economic Association, 5, (2-3), 2007, p480 - 490 Journal Article, 2007

Lane, P.R., Devereux M., Xu, J., Exchange Rates and Monetary Policy for Emerging Market Economies, The Economic Journal, 2006 Journal Article, 2006

Lane, P.R., Global Bond Portfolios and EMU, International Journal of Central Banking, 2006, p23 Journal Article, 2006

The Euro and Financial Integration in, editor(s)David Cobham , The Travails of the Eurozone, Routledge, 2006, [Lane, P.R., Walti, S.] Book Chapter, 2006

A Global Perspective on External Positions in, editor(s)Richard Clarida , G7 Current Account Imbalances: Sustainability and Adjustment, NBER - University of Chicago Press, 2006, [Lane, P.R. and Milesi-Ferretti, G.M.] Book Chapter, 2006

Lane, P.R., The Real Effects of European Monetary Union, Journal of Economic Perspectives, (Fall), 2006 Journal Article, 2006

The International Equity Holdings of Euro Area Investors in, editor(s)Robert Anderton and Filippo di Mauro , The Importance of the External Dimension for the Euro Area: Trade, Capital Flows, and International Macroeconomic Linkages, Cambridge University Press, 2006, [Lane, P.R. and Milesi-Ferretti, G.M.] Book Chapter, 2006

Global Financial Trade: How Far Have We Come? in, editor(s)König and Remsperger , Second Conference of the Monetary Stability Foundation, Stiftung Geld und Währung, 2005, [Lane, P.R.] Book Chapter, 2005

Financial Globalization and Exchange Rates in, Dollars, Debt, and Deficits---60 Years After Bretton Woods, International Monetary Fund, 2005, [Lane, P.R. and Milesi-Ferretti, G.M.] Book Chapter, 2005

Government Intervention in, editor(s)J.W. O'Hagan , The Economy of Ireland, Gill & Macmillan, 2005, [Lane, P.R.] Book Chapter, 2005

Lane, P.R., Empirical Perspectives on Long-Term External Debt, Topics in Macroeconomics, 1, 2004 Journal Article, 2004 URL

International Financial Institutions and the CIS-7 in, editor(s)Clint Shiels and Sarosh Sattar , The Low-Income Countries of the Commonwealth of Independent States: Progress and Challenges in Transition, International Monetary Fund, 2004, [Lane, P.R.] Book Chapter, 2004

Lane, P.R., Milesi-Ferretti G. M., The Transfer Problem Revisited: Real Exchange Rates and Net Foreign Assets, Review of Economics and Statistics, 86, (4), 2004, p841 - 852 Journal Article, 2004

The macroeconomics of international financial trade in, editor(s)Rebecca Driver, Peter Sinclair and Christopher Thoenissen (eds.) , Exchange rates and capital movements, Routledge, 2004, [Lane, P.R.] Book Chapter, 2004

Lane, P.R., Comment on "Obstacles to Disinflation: What Is the Role of Fiscal Expectations?" , Economic Policy, 40, 2004, p468 - 469 Journal Article, 2004

The Macroeconomics of International Financial Trade in, editor(s)Rebecca Driver, Peter Sinclair, Christoph Thoenissen , Exchange Rates and Capital Movements, Routledge, 2004, [Lane, P.R.] Book Chapter, 2004

Lane, P.R., Empirical perspectives on long-term external debt, Topics in Macroeconomics, 4, (1, Article 1), 2004 Journal Article, 2004

Assessing Ireland's fiscal strategy: recent experiments and future plans in, editor(s)T.Callan, D.McCoy and A.Doris (eds.) , Budget perspectives 2004, Dublin, Economic and Social Research Institute, 2003, pp.4 - 22, [Lane, P.R.] Book Chapter, 2003

Lane, P.R., Ireland and the Deflation Debate, Irish Banking Review, Winter, 2003, p.2 - 17 Journal Article, 2003 URL

Lane, P.R., Business cycles and macroeconomic policy in emerging market economies, International Finance, 6, (1), 2003, p.89 - 108. Journal Article, 2003

Monetary-Fiscal Interactions in an Uncertain World: Lessons for European Policymakers in, editor(s)M. Buti , Monetary and Fiscal Policies under EMU: Interaction and Coordination, Cambridge University Press, 2003, pp157 - 186, [Lane, P.R.] Book Chapter, 2003

Lane, P.R. and Devereux, M., Understanding bilateral exchange rate volatility, Journal of International Economics, 60, (1), 2003, p.109 - 132. Journal Article, 2003

Lane, P.R., Financial globalization and the Irish economy, ESRI Quarterly Economic Commentary, April, 2003, p.67 - 76 Journal Article, 2003

Lane, P.R. and Milesi-Ferretti, G.M., International Financial Integration , International Monetary Fund Staff Papers, 50, (Special Issue ), 2003, p.82 - 113 Journal Article, 2003

Honohan, Patrick and Philip R. Lane, Divergent Inflation Rates in EMU, Economic Policy, 18, (37), 2003, 357-394 Journal Article, 2003

Divergent Inflation Rates under EMU in, editor(s)R. Baldwin, G. Bertola, P. Seabright , EMU: Assessing the Impact of the Euro, Blackwell Publishing, 2003, pp320 , [Lane, P.R., Honohan P. ] Book Chapter, 2003

Dynamic General Equilibrium Analysis: The Open Economy Dimension in, editor(s)S. Altug, J. Chaddha, C. Nolan , Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium, Cambridge University Press, 2003, pp308 - 334, [Lane, P.R., Ganelli, G.] Book Chapter, 2003

Dynamic general equilibrium analysis: the open economy dimension in, editor(s)S. Altug, J.Chaddha and C. Nolan (eds.) , Dynamic macroeconomic analysis: theory and policy in general equilibrium, Cambridge, Cambridge University Press, 2003, pp.308 - 334, [Lane, P.R. and Ganelli, G.] Book Chapter, 2003

Lane, P.R., Honohan P. , Divergent Inflation Rates under EMU, Economic Policy, 37, 2003, p358 - 394 Journal Article, 2003

Lane, P.R. and Honohan, P., Divergent Inflation Rates in EMU, Economic Policy , 37, 2003, p.358 - 394 Journal Article, 2003 URL

Lane, P.R., The cyclicality of fiscal policy: evidence from the OECD, Journal of Public Economics, 87, 2003, p.2661 - 2675. Journal Article, 2003

Lane, P.R., New directions for the European Central Bank, Central Banking, XIII, (3), 2003, p.40 - 44 Journal Article, 2003

Monetary-fiscal interactions in an uncertain world: lessons for European policymakers in, editor(s)M. Buti (ed.) , Monetary and fiscal policies under EMU: interaction and coordination, Cambrige, Cambridge University Press, 2003, pp.157 - 186., [Lane, P.R.] Book Chapter, 2003

Lane, P.R. and Perotti, R., The importance of composition of fiscal policy: evidence from different exchange rate regimes, Journal of Public Economics, 87, 2003, p.2253 - 2279. Journal Article, 2003

Lane, P.R. with Begg D., Canova, F., Fatas, A., de Grauwe, P., Surviving the Slowdown, Monitoring the European Central Bank 4, CEPR, 2002 Book, 2002

Lane, P.R. and Milesi-Ferretti, G.M., Long-Term Capital Movements, NBER Macroeconomics Annual, 16, 2002, p73 - 116 Journal Article, 2002

Lane, P.R., LONG-RUN DETERMINANTS OF THE IRISH REAL EXCHANGE RATE, APPLIED ECONOMICS, 34, 2002, p.549 - 553 Journal Article, 2002

Exchange Rate Regimes and Monetary Policy in Small Open Economies in, The Choice of Exchange Rate Regime and Monetary Policy Rules in Accession to EU and in Entry to EMU, Bank of Estonia, 2002, pp3 - 28, [Lane, P.R.] Book Chapter, 2002

Lane, P.R., EXTERNAL WEALTH, THE TRADE BALANCE, AND THE REAL EXCHANGE RATE, EUROPEAN ECONOMIC REVIEW, 46, 2002 Journal Article, 2002

Lane, P.R. and Milesi-Ferretti, G.M., External Wealth, the Trade Balance and the Real Exchange Rate, European Economic Review, 46, 2002, p1049 - 1071 Journal Article, 2002

Lane, P.R. and Milesi-Ferretti, G.M., Long-Run Determinants of the Irish Real Exchange Rate, Applied Economics, 34, (5), 2002, p549 - 553 Journal Article, 2002

Lane, P.R., DO INTERNATIONAL INVESTMENT INCOME FLOWS SMOOTH INCOME?, WELTWIRTSCHAFTLICHES ARCHIV-REVIEW OF WORLD ECONOMICS, 137, (4), 2002, p.714 - 736 Journal Article, 2002

The New Open Economy Macroeconomics: A Survey in, editor(s)L. Sarno and M. Taylor , New Developments in Exchange Rate Economics, The International Library of Critical Writings in Economics, Edward Elgar, 2002, [Lane, P.R.] Book Chapter, 2002

Exchange rate regimes and monetary policy in small open economies in, The choice of exchange rate regime and monetary policy rules in accession to EU and in entry to EMU, Bank of Estonia, 2002, pp.3 - 28, [Lane, P.R.] Book Chapter, 2002

Lane, P.R. and Milesi-Ferretti, G.M., The External Wealth of Nations: Measures of Foreign Assets and Liabilities for Industrial and Developing Countries, Journal of International Economics, 55, 2001, p263 - 294 Journal Article, 2001

The External Wealth of Nations: Measures of Foreign Assets and Liabilities for Industrial and Developing Countries in, editor(s)S. Eiffinger and J. De Haan , International Financial Integration, The International Library of Critical Writings in Economics, Edward Elgar, 2001, [Lane, P.R. and Milesi-Ferretti, G.M.] Book Chapter, 2001

Lane, P.R., ASYMMETRIC SHOCKS AND MONETARY POLICY IN A CURRENCY UNION, SCANDINAVIAN JOURNAL OF ECONOMICS, 102, 2001, p.585 - 604 Journal Article, 2001

Money Shocks and the Current Account in, editor(s)G. Calvo, R. Dornbusch and M. Obstfeld (eds.) , Money, Factor Mobility and Trade: Essays in Honor of Robert Mundell, Cambridge, MA, MIT Press, 2001, pp.385 - 411, [Lane, P.R.] Book Chapter, 2001

Lane, P.R., THE EXTERNAL WEALTH OF NATIONS: MEASURES OF FOREIGN ASSETS AND LIABILITIES FOR INDUSTRIAL AND DEVELOPING COUNTRIES, JOURNAL OF INTERNATIONAL ECONOMICS, 55, 2001, p263 - 294 Journal Article, 2001

Lane, P.R., International Trade and Economic Convergence: The Credit Channel, Oxford Economic Papers, 53, 2001, p221 - 240 Journal Article, 2001

Lane, P.R., Do International Investment Income Flows Smooth Income?, Weltwirtschaftliches Archiv, 137, (4), 2001, p714 - 736 Journal Article, 2001

Will the Euro Trigger More Monetary Unions in Africa? in, editor(s)Charles Wyplosz , EMU: Impact on Europe and the Developing Countries , Oxford, Oxford University Press, 2001, 315-338 , [Honohan, Patrick and Philip R. Lane] Book Chapter, 2001

Lane, P.R. and Burke, D., The empirics of foreign reserves., Open Economics Review, 12, 2001, p.423 - 434. Journal Article, 2001

Lane, P.R., The New Open Economy Macroeconomics: A Survey, Journal of International Economics, 54, 2001, p235 - 266 Journal Article, 2001

Lane, P.R., THE NEW OPEN ECONOMY MACROECONOMICS: A SURVEY, JOURNAL OF INTERNATIONAL ECONOMICS, 54, 2001, p235 - 266 Journal Article, 2001

Lane, P.R., Burke, D., The Empirics of Foreign Reserves, Open Economies Review, 12, 2001, p423 - 434 Journal Article, 2001

External Capital Structure: Theory and Evidence in, editor(s)Horst Siebert (ed.) , The World's New Financial Landscape: Challenges for Economic Policy, Berlin , Heidelberg: Springer-Verlag, 2001, pp.247 - 284, [Lane, P.R. and Milesi-Ferretti, G.M.] Book Chapter, 2001

Money Shocks and the Current Account in, editor(s)G. Calvo, R. Dornbusch and M. Obstfeld , Money, Factor Mobility and Trade: Essays in Honor of Robert Mundell, MIT Press, 2001, pp385 - 411, [Lane, P.R.] Book Chapter, 2001

Lane, P.R., THE EMPIRICS OF FOREIGN RESERVES, OPEN ECONOMIES REVIEW, 12, 2001 Journal Article, 2001

Will the Euro Stimulate More Monetary Unions in Africa? in, editor(s)C. Wyplosz , The Impact of EMU on Europe and the Wider World, Oxford University Press, 2001, pp315 - 338, [Lane, P.R., Honohan P. ] Book Chapter, 2001

External Capital Structure: Theory and Evidence in, The World's New Financial Landscape: Challenges for Economic Policy, Berlin, Springer-Verlag, 2001, pp247 - 284, [Lane, P.R. and Milesi-Ferretti, G.M.] Book Chapter, 2001

Lane, P.R., INTERNATIONAL TRADE AND ECONOMIC CONVERGENCE: THE CREDIT CHANNEL, OXFORD ECONOMIC PAPERS, 53, 2001, p.221 - 240 Journal Article, 2001

Will the Euro stimulate more monetary unions in Africa? in, editor(s)C.Wyplosz (ed.) , EMU and its impact on Europe and developing countries, Oxford and New York, Oxford University Press. , 2001, pp315 - 338, [Lane, P.R. and Honohan, P.] Book Chapter, 2001

The National Pensions reserve Fund: pitfalls and opportunities in, Economic problems of Ireland in Europe, Dublin, Economics and Social Research Institute, 2001, [Lane, P.R.] Book Chapter, 2001

Lane, P.R., Disinflation, Switching Nominal Anchors and Twin Crises: The Irish Experience, Journal of Policy Reform, 3, (4), 2000, p.301 - 326 Journal Article, 2000

Lane, P.R., Asymmetric Shocks and Monetary Policy in a Currency Union, Scandinavian Journal of Economics, 102, 2000, p585 - 604 Journal Article, 2000

Lane, P.R., Disinflation, Switching Nominal Anchors and Twin Crises: The Irish Experience, Journal of Policy Reform, 3, 2000, p301 - 326 Journal Article, 2000

Lane, P.R., Sarisoy, S., Does Deposit Insurance Stimulate Capital Inflows?, Economics Letters, 69, 2000, p193 - 200 Journal Article, 2000

Lane, P.R., International Investment Positions: A Cross-Sectional Analysis, Journal of International Money and Finance, 19, 2000, p513 - 534 Journal Article, 2000

Lane, P.R., What Should We Do With the Surpluses?, Administration, Winter, 2000 Journal Article, 2000 URL

Lane, P.R., DOES DEPOSIT INSURANCE STIMULATE CAPITAL INFLOWS?, ECONOMICS LETTERS, 69, 2000, p.193 - 200 Journal Article, 2000

Lane, P.R., INTERNATIONAL INVESTMENT POSITIONS: A CROSS-SECTIONAL ANALYSIS, JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 19, 2000, p.513 - 534 Journal Article, 2000

Lane, P.R. and Honohan, P., Where Do the Irish Invest?, Irish Banking Review, Autumn, 2000, p.12 - 23. Journal Article, 2000 URL

Lane, P.R., International Diversification and the Irish Economy, Economic and Social Review, 31, 2000, p37 - 54 Journal Article, 2000

Lane, P.R., INTERNATIONAL DIVERSIFICATION AND THE IRISH ECONOMY, ECONOMIC AND SOCIAL REVIEW, 31, 2000, p.37 - 54 Journal Article, 2000

Lane, P.R., North-South Lending with Moral Hazard and Repudiation Risk, Review of International Economics, 7, 1999, p.50 - 58 Journal Article, 1999 URL

Lane, P.R., North-South Lending with Moral Hazard and Repudiation Risk, Review of International Economics, 7, 1999, p50 - 58 Journal Article, 1999

Lane, P.R., THE VORACITY EFFECT, AMERICAN ECONOMIC REVIEW, 89, 1999, p.22 - 46 Journal Article, 1999

Lane, P.R., Honohan P. , Pegging to the Dollar and the Euro, International Finance, 2, 1999, p379 - 410 Journal Article, 1999

Lane, P.R., What Determines the Nominal Exchange Rate? Some Cross-Sectional Evidence, Canadian Journal of Economics, 32, 1999, p118 - 138 Journal Article, 1999

Lane, P.R. and Tornell, A., Eat the riches, European Economic Perspectives, 21, 1999, p.7 - 8 Journal Article, 1999

Lane, P.R. and Milesi-Ferretti, G.M., The external wealth of nations : measures of foreign assets and liabilities for industrial and developing countries, London , Centre for Economic Policy Research, 1999 Report, 1999 URL

Budgetary Policy in Times of Plenty in, editor(s)C.Kearney (ed.) , Budget Perspectives , Dublin, Economic and Social Research Institute, 1999, pp.69 - 82, [Lane, P.R.] Book Chapter, 1999

Lane, P.R., Tornell, A., Why Aren't Latin American Savings Rates Procyclical?, Journal of Development Economics, 57, 1999, p185 - 199 Journal Article, 1999

Lane, P.R., Tornell, A., The Voracity Effect, American Economic Review, 89, 1999, p22 - 46 Journal Article, 1999

Lane, P.R. and Honohan, P., Pegging to the Dollar and the Euro., International Finance, 2, 1999, p.379 - 410 Journal Article, 1999

Lane, P.R., Evolution of the External Account under International Capital Market Frictions, Economics Letters, 1998, p347 - 351 Journal Article, 1998

Lane, P.R., ON THE CYCLICALITY OF IRISH FISCAL POLICY, ECONOMIC AND SOCIAL REVIEW, 29, 1998, p.1 - 16 Journal Article, 1998

Lane, P.R., WHY AREN'T SAVINGS RATES IN LATIN AMERICA PROCYCLICAL?, JOURNAL OF DEVELOPMENT ECONOMICS, 57, 1998, p.185 - 199 Journal Article, 1998

Lane, P.R., Tornell, A., Are Windfalls a Curse? A Non-Representative Agent Model of the Current Account, Journal of International Economics, 1998, p83 - 112 Journal Article, 1998

Tornell, A, ARE WINDFALLS A CURSE? A NON-REPRESENTATIVE AGENT MODEL OF THE CURRENT ACCOUNT, JOURNAL OF INTERNATIONAL ECONOMICS, 44, 1998, p.83 - 112 Journal Article, 1998

Lane, P.R., INTERNATIONAL PERSPECTIVES ON THE IRISH ECONOMY, 29, 1998, 217 - 222 Miscellaneous, 1998

Lane, P.R., Perotti, R., The Trade Balance and Fiscal Policy in the OECD, European Economic Review, 42, 1998, p887 - 895 Journal Article, 1998

Lane, P.R., On the Cyclicality of Irish Fiscal Policy, Economic and Social Review, 29, 1998, p1 - 16 Journal Article, 1998

Lane, P.R., Profits and Wages in Ireland, 1987-96, Journal of the Statistical and Social Inquiry Society of Ireland, XXVII, 1998, p.223 - 247. Journal Article, 1998

Lane, P.R., Irish Fiscal Policy under EMU, Irish Banking Review, Winter , 1998, p.2 - 10. Journal Article, 1998 URL

Lane, P.R., THE TRADE BALANCE AND FISCAL POLICY IN THE OECD, EUROPEAN ECONOMIC REVIEW, 42, 1998, p.887 - 895 Journal Article, 1998

Lane, P.R., EVOLUTION OF THE EXTERNAL ACCOUNT UNDER INTERNATIONAL CAPITAL MARKET FRICTIONS, ECONOMICS LETTERS, 59, 1998, p.347 - 351 Journal Article, 1998

Lane, P.R., EMU: Macroeconomic Risks, Irish Banking Review , Spring , 1997, p.24 - 34. Journal Article, 1997

Lane, P.R., Inflation in Open Economies, Journal of International Economics, 42, (3/4), 1997, p.327 - 346. Journal Article, 1997

Lane, P.R., Stabilization Policy in a Currency Union, Economics Letters, 53, (1), 1996, p.53 - 60. Journal Article, 1996 URL

Lane, P.R., Tornell, A., Power, Growth and the Voracity Effect, Journal of Economic Growth, 1, 1996, p213 - 241 Journal Article, 1996

Lane, P.R., Trade Specialization, Endogenous Innovation and Growth, Journal of Economic Integration, 11, 1996, p492 - 509 Journal Article, 1996

Government Intervention in, editor(s)J. O'Hagan (ed.) , The Economy of Ireland , Basingstoke, Macmillan, 1995, [Lane, P.R.] Book Chapter, 1995

Non-Peer-Reviewed Publications

Philip Lane, International Financial Flows and the Irish Crisis, CESifo Forum, 2014, (2), 2014, p14 - 19 Review Article, 2014

Philip Lane, Capital Flows in the Euro Area, European Economy Economic Papers, (437), 2013 Review Article, 2013

Martin Brown and Philip R. Lane, Debt Overhang in Emerging Europe?, 2011 Working Paper, 2011 TARA - Full Text URL

Lane, P.R. and Milesi-Ferretti, G.M., The External Wealth of Nations Mark II, 2006 Working Paper, 2006

Lane, P.R., Milesi-Ferretti, G. M., Understanding Global Imbalances, Finance and Development, 2006 Report, 2006

Lane, P.R., Ruane, F., Globalisation and the Irish Economy, IIIS Occasional Paper No. 1, 2006 Report, 2006

Lane, P.R., Ireland and Global Development, July, 2006, TCD Meetings /Conferences Organised, 2006

Lane, P.R., Milesi-Ferretti, G. M., Tipos de cambio y ajuste exterior. "Importa la globalización financiera, Revista de Economia, 827, 2005 Report, 2005

Lane, P.R., The Analysis of International Capital Markets RTN Workshop, January, In:CEPR, 2005, London Meetings /Conferences Organised, 2005

Lane, P.R. and Honohan, P., Exchange Rates and Inflation Under EMU: An Update, Economic Policy Web Essay, 2004 Report, 2004

Lane, P.R. with Gian Maria Milesi-Ferretti, International Financial Integration and Currency Adjustment, Madrid, 2004 Report, 2004

Lane, P.R., Honohan, P., Exchange Rates and Inflation Under EMU: An Update, Economic Policy Web Essay, 2004 Report, 2004

Lane, P.R., AssessinAssessing Ireland's Price and Wage Competitivenessg Ireland's Price and Wage Competitiveness, National Competitiveness Council Discussion Paper, 2004 Report, 2004

Lane, P.R. with Markusen, Jim and Ruane, Francis, Micro and macro perspectives on FDI, IIIS-TCD, February 2004, 2004 Meetings /Conferences Organised, 2004

Lane, P.R., Comment on "Not only Nokia: What Finland Tells Us About New Economy Growth", Economic Policy, 38, 2004, p154 - 157 Journal Article, 2004

Lane, P.R., Dollar moves uncertain, Sunday Business Post, January 25th, 2004 Journal Article, 2004

Lane, P.R., Ruane, F. Markusen, J., Micro and Macro Perspectives on FDI, February, In:IIIS, 2004, TCD Meetings /Conferences Organised, 2004

Lane, P.R. with Mick Devereux, Exchange Rates and Monetary Policy for Emerging Market Economies, 2003 Report, 2003

Lane, P.R., International Financial Institutions and the CIS-7, World Bank conference volume, 2003 Report, 2003

Lane, P. R. with Philippe Bacchetta, Helene Rey, The Analysis of International Capital Markets RTN Workshop, May , 2003, Gerzensee Meetings /Conferences Organised, 2003

Lane, P.R., Corsetti, G. Devereux, M., The Analysis of International Capital Markets RTN Workshop, December, In:University of Rome III, 2003, Rome Meetings /Conferences Organised, 2003

Lane, P.R., Well-directed development aid can unlock forces of economic growth, Irish Times, July 10th , 2003 Journal Article, 2003

Lane, P.R., New Directions for the European Central Bank, Central Banking, XIII, (3), 2003, p40 - 44 Journal Article, 2003

Lane, P. R. with Jeffrey Sachs, The Globel Development Challenge, July , 2003, Trinity College Dublin Meetings /Conferences Organised, 2003

Lane, P.R., Budgetary policy needs a makeover as underlying fiscal dynamics shift, Irish Times, October 6th, 2003 Journal Article, 2003

Lane, P.R., Sweden, Ireland and the Euro, Sunday Business Post, August 31st, 2003 Journal Article, 2003

Lane, P.R. with Giancarlo Corsetti, Mick Devereux, The Analysis of International Capital Markets RTN Workshop, December, In:RTN Workshop, 2003, University of Rome III, Rome Meetings /Conferences Organised, 2003

Lane, P.R. Sachs, J., The Global Development Challenge, July, 2003, TCD Meetings /Conferences Organised, 2003

Lane, P.R., Ireland and the Deflation Debate, Irish Banking Review, 2003, p2 - 17 Journal Article, 2003

Lane, P.R., Comment on "Monetary Integration and Fiscal Policy in Europe", Economic Policy, 37, 2003, p564 - 568 Journal Article, 2003

Lane, P.R., Bacchetta, P., Rey, H., The Analysis of International Capital Markets RTN Workshop, May, 2003, Gerzensee Meetings /Conferences Organised, 2003

"Economic Overview"; "Regulation"; and "The National Pensions Reserve Fund", B. Joyce, The Encyclopaedia of Ireland, Gill&Macmillan and Yale University Press, 2003, [Lane, P.R.] Item in dictionary or encyclopaedia, etc, 2003

Assessing Ireland's Fiscal Strategy: Recent Experiments and Future Plans in, editor(s)T. Callan, D. McCoy, A. Doris , Budget Perspectives 2004, Dublin, Economic and Social Research Institute, 2003, [Lane, P.R.] Book Chapter, 2003

Lane, P.R., Financial Globalization and the Irish Economy, ESRI Quarterly Economic Commentary, 2003, p67 - 76 Journal Article, 2003

Lane, P.R., Comment on "Regulation, Productivity and Growth, Economic Policy, 36, 2003, p52 - 53 Journal Article, 2003

Lane, P. R. with Harry Huizinga, Alan Sutherland, The Analysis of International Capital Markets RTN Workshop, December, 2002, IIIS-TCD, Dublin Meetings /Conferences Organised, 2002

Lane, P.R., Review of Labor, capital and finance: international flows, by Razin, A. and Sadka, E. , The World Economy, 25, (10), 2002 Review, 2002

Lane, P.R., Comment on "Net foreign assets and the exchange rate: Redux revived, Journal of Monetary Economics, 49, 2002, p1099 - 1102 Journal Article, 2002

Lane, P.R., Gambling with the future of our pensioners, Irish Times, February 6th, 2002 Journal Article, 2002

Lane, P.R., Huizinga, H., Sutherland, A., The Analysis of International Capital Markets RTN Workshop, December, In:IIIS, 2002, TCD, Dublin Meetings /Conferences Organised, 2002

Lane, P.R., Comment on "Delocation and European Integration: Is Structural Spending Justified?, Economic Policy, 35, 2002, p351 - 353 Journal Article, 2002

Lane, P.R., COMMENT ON: NET FOREIGN ASSETS AND THE EXCHANGE RATE: REDUX REVIVED, 2002, - Miscellaneous, 2002

Lane, P. R. with Giancarlo Corsetti, Assaf Razin, The Analysis of International Capital Markets RTN Workshop, November, 2001, Tel Aviv University Meetings /Conferences Organised, 2001

Lane, P.R., Civil Service's hold on governor post must end, Irish Times, November 23rd, 2001 Journal Article, 2001

Lane, P.R., Major spending could buy US out of recession, Sunday Business Post, October 28th, 2001 Journal Article, 2001

Lane, P.R., EMU and the Periphery, MMF Conference, September, 2001, Belfast Meetings /Conferences Organised, 2001

Lane, P. R. with Richard Portes, Morten Ravn, The Analysis of International Capital Markets RTN Workshop, November, 2001, London Business School, London Meetings /Conferences Organised, 2001

Lane, P.R., EMU and the Periphery, September, In:MMF Conference, 2001, Belfast Meetings /Conferences Organised, 2001

Lane, P.R., Corsetti, G., Razin, A., The Analysis of International Capital Markets RTN Workshop, November, 2001, Tel Aviv University, Tel Aviv Meetings /Conferences Organised, 2001

Lane, P.R., Conflict of Interest Threatens New Fund, Sunday Independent, March 11th, 2001 Journal Article, 2001

Lane, P.R., Hutchison, M., Birch Sorensen, P., The Analysis of International Capital Markets RTN Workshop, June, In:EPRU, 2001, Copenhagen Meetings /Conferences Organised, 2001

Lane, P.R. and Milesi-Ferretti, G.M., The external wealth of nations : measures of foreign assets and liabilities for industrial and developing countries, Dublin, Department of Economics, Trinity College, 2001 Report, 2001

Lane, P.R., Portes, R., Ravn, M., The Analysis of International Capital Markets RTN Workshop, November, In:London Business School, London, 2001 Meetings /Conferences Organised, 2001

Lane, P. R. with Michael Hutchison, Peter Birch Sorensen, The Analysis of International Capital Markets RTN Workshop, June, 2001, EPRU, Copenhagen Meetings /Conferences Organised, 2001

Lane, P.R. and Milesi-Ferretti, G.M., External Capital Structure: Theory and Evidence, London, Centre for Economic Policy Research, 2000 Report, 2000 URL

Lane, P.R., Where Pensions Bill Falls Down, Irish Times, October 11th, 2000 Journal Article, 2000

Lane, P.R. and Honohan, P., Where Do the Irish Invest?, Irish Banking Review, 2000, p12 - 23 Journal Article, 2000

Lane, P.R. and Milesi-Ferretti, G.M., External Capital Structure: Theory and Evidence, 2000 Report, 2000 URL

Lane, P.R., EMU alters rules of pay-deal debate, Irish Times, January 14th, 2000 Journal Article, 2000

Lane, P.R. and Milesi-Ferretti, G.M., The external wealth of nations: measures of foreign assets and liabilities for industrial and developing countries, London, Centre for Economic Policy Research, 2000 Report, 2000 URL

Lane, P.R. and Honohan, P., Will The Euro Stimulate More Monetary Unions in Africa?, Helsinki, Finland, UNU/WIDER, 2000 Report, 2000 URL

Lane, P.R., Tighter Fiscal Policy Needed Against Inflation, Irish Times, , May 8th, 2000 Journal Article, 2000

Lane, P.R., The role of regional central banks in the ESCB, ECB-Watch, March, 1999 Journal Article, 1999

Lane, P.R., "The Role of Regional Central Banks in the ESCB," ECB-Watch, 1999 Report, 1999

Philip R. Lane, Review of Political Cycles and the Macroeconomy, by Alberto Alesina, Gerald Cohen and Nouriel Roubini , Economica, 1999, p151-152 Review, 1999

Lane, P.R., What Should We Do With the Surpluses?, Administration, XXX, 1999 Journal Article, 1999

Lane, P.R., Review of Political Cycles and the Macroeconomy, Economica, 66, 1999, p151-152 Review, 1999

Budgetary Policy in Times of Plenty in, editor(s)C. Kearney , Budget Perspectives 2000, Dublin, Economic and Social Research Institute, 1999, pp69 - 82, [Lane, P.R.] Book Chapter, 1999

Lane, P.R., Economic overview, Ireland 2000, April, 1999 Journal Article, 1999

Lane, P.R., Tax giveaway may be temporary illusion, Sunday Business Post, December 5th, 1999 Journal Article, 1999

Lane, P.R., Tornell, A., Eat the Riches, European Economic Perspectives (CEPR), 21, 1999, p7 - 8 Journal Article, 1999

Lane, P.R., WHAT DETERMINES THE NOMINAL EXCHANGE RATE? SOME CROSS-SECTIONAL EVIDENCE, CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, 32, 1999, p.118 - 138 Journal Article, 1999

Lane, P.R., Militant and restless, Sunday Business Post, July 19th, 1998 Journal Article, 1998

Lane, P.R., Irish Fiscal Policy under EMU, Irish Banking Review, 1998, p2 - 10 Journal Article, 1998

Lane, P.R., Review of International Perspectives on the Irish Economy, Economic and Social Review, 29, 1998, p217-222 Review, 1998

Lane, P.R., THE CELTIC TIGER: IRELAND'S ECONOMIC MIRACLE EXPLAINED, 1998, - Miscellaneous, 1998

Lane, P.R., Medicine Now Better Than Bitter Pill Later, Irish Times, July 24th , 1998 Journal Article, 1998

Lane, P.R. and Sarisoy, S., The global financial crisis, InterACT, November, 1998 Journal Article, 1998

Lane, P.R., Review of The Celtic Tiger: Ireland's Economic Miracle Explained, Economic and Social Review, 29, 1998, p217-222 Review, 1998

Lane, P.R., EMU Demands Awareness of the Big Picture, Irish Times, February 2nd, 1998 Journal Article, 1998

Lane, P.R., EMU: Macroeconomic Risks, Irish Banking Review, 1997, p24 - 34 Journal Article, 1997

Research Expertise

Description

International macroeconomics; European economy; Irish economy; Globalisation

Projects

  • Title
    • External Imbalances and External Adjustment: Lessons from the European Crisis
  • Funding Agency
    • Irish Research Council
  • Date From
    • 2013
  • Date To
    • 2016
  • Title
    • An Analysis of the Impact of European Monetary Union on Irish Macroeconomic Policy
  • Funding Agency
    • IRCHSS
  • Date From
    • 2007
  • Date To
    • 2010
  • Title
    • The New Economics of the Current Account
  • Funding Agency
    • IRCHSS
  • Date From
    • 2003
  • Date To
    • 2006
  • Title
    • Relative Price Levels and Relative Wealth
  • Funding Agency
    • IRCHSS
  • Date From
    • 2004
  • Date To
    • 2005
  • Title
    • The Analysis of International Capital Markets: Understanding Europe's Role in the World Economy
  • Summary
    • Total budget €1.5 million
  • Funding Agency
    • Scientific Leader, EU Research Training Network
  • Date From
    • 2000
  • Date To
    • 2004
  • Title
    • The Choice of Exchange Rate Regime: Theory and Empirics
  • Summary
    • (joint with Michael Devereux). IR£12000
  • Funding Agency
    • Research Grant from Social Science Research Council of the Royal Irish Academy
  • Date From
    • 1999
  • Date To
    • 2000
  • Title
    • The Macroeconomics of International Financial Integration
  • Funding Agency
    • Research Grants from Social Science Research Council of the Royal Irish Academy
  • Date From
    • 1998
  • Date To
    • 1999
  • Title
    • New Perspectives on Ireland's Balance of Payments
  • Funding Agency
    • Research Grants from Social Science Research Council of the Royal Irish Academy
  • Date From
    • 1997
  • Date To
    • 1998
  • Funding Agency
    • Research Grants from TCD BESS Faculty Endowment Fund
  • Date From
    • 1997
  • Date To
    • 2000
  • Summary
  • Funding Agency
    • Research Grants from TCD Provost's Academic Development Fund
  • Date From
    • 1997
  • Date To
    • 2001
  • Title
    • Chazen Institute Research Grant
  • Summary
    • Joint with Roberto Perotti
  • Funding Agency
    • Columbia University
  • Date From
    • 1996
  • Date To
    • 1996
  • Title
    • International Leverage
  • Funding Agency
    • Fondation Banque de France
  • Date From
    • 2009
  • Date To
    • 2010
  • Title
    • One-Year Dissertation Fellowship
  • Summary
  • Funding Agency
    • NSF-sponsored Harvard-MIT Research Training Group inPositive Political Economy
  • Date From
    • 1994
  • Date To
    • 1995
  • Title
    • Financial Globalisation and Macroeconomic Policy
  • Funding Agency
    • Institute for New Economic Thinking
  • Date From
    • 2012
  • Date To
    • 2015

Keywords

Economics; Foreign direct investment; International economics, finance, trade and development; Irish economy, problems; Macroeconomics, open economy, international; Monetary economics

Recognition

Representations

President, Irish Economics Association 2012-2014

International Research Fellow, Kiel Institute of World Economics. 2005-Present

Managing Editor, Economic Policy 2009-2015

Economic and Social Review (Managing Editor) 2004-2006

Bellagio Group 2010-

Journal of International Economics (Associate Editor) 1999-2001; 2010-

Open Economies Review (Associate Editor) 2003-

Academic Advisory Panel, Slovak Council for Budget Responsibility 2013-

Journal of the European Economic Association (Associate Editor) 2003-2008

ERC Starting Grants Committee 2011-2012

Research Fellow, Centre for Economic Policy Research 2002 - present

Economic Policy (Panel Member) 2002-2003

European Economic Review (Associate Editor) 2001-2002

Economic and Social Review (Associate Editor) 2001-2003

Federal Reserve Bank of New York (Visiting Scholar) 2001, 2003

International Tax and Public Finance (Associate Editor) 2000-2003

Economics and Politics (Associate Editor) 2000-

International Monetary Fund (Visiting Scholar) 1997-02, 2004

Research Affiliate, Centre for Economic Policy Research 1997-2001

Graduate Student Associate, Center for International Affairs, Harvard University 1994-1995

International Journal of Central Banking (Associate Editor) 2005-

Journal of Economic Perspectives (Associate Editor) 2005-2007

Council Member, ESRI 2010-

National Statistics Board 2009-2013

Committee on International Economic Policy and Reform 2012-

Awards and Honours

Entrance Exhibition, Trinity College Dublin 1987

Bhagwati Prize (Journal of Internatioal Economics) 2010

Fellow, European Economics Association 2013

Gold Medal, Whateley and Bastable prizes in Economics, Trinity College Dublin 1991

Foundation Scholarship, Trinity College Dublin 1989

Harvard Graduate Student Fellowship 1991-1993

John F. Kennedy Fund Scholarship 1994

Barrington Prize, Statistical and Social Inquiry Society of Ireland 1987-1996

Scientific Leader, EU Research Training Network 2000-2004

Berkeley Fellowship, Trinity College Dublin 2000-2001

College Fellowship, Trinity College Dublin May 2000 - present

German Bernacer Award in Monetary Economics November 2001

ECB Lamfalussy Fellowship 2004-2005

Member, Royal Irish Academy 2007

Memberships

European Economics Association

American Economics Association