Philip Lane: From star pupil to ECB hopeful with Nobel potential

The Central Bank governor could finally secure an ECB executive board seat for Ireland

Central Bank  governor Philip Lane, pictured on his first day in office in November 2015. Photograph: Eric Luke/The Irish Times

Central Bank governor Philip Lane, pictured on his first day in office in November 2015. Photograph: Eric Luke/The Irish Times

Trinity College Dublin economics professor John O’Hagan didn’t think much of it when he hadn’t heard in weeks from the third-year student he’d hired in 1990 as a research assistant to help update a chapter for a new edition of a book, The Economy of Ireland.

“He had gone AWOL. I’d accepted that some research assistants work out and some don’t,” recalls O’Hagan. “Then, some weeks later he handed me in a totally refocused and rewritten chapter. The only thing for me to do was put his name to it and delete my own from the chapter. I couldn’t change a sentence of it - it was that good.”

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