Philip Lane, the European Central Bank’s chief economist. Photograph: Dave Meehan/The Irish Times

During the week I joined a fascinating webinar given by the brains and policy guru behind the European Central Bank, Philip Lane, its chief economist.(...)

An almost-deserted Grafton Street in Dublin on Wednesday.  Our reality is that the economy has been shut down not by debts, spending, a property bubble, too much lending or bad policy, but by a virus. Photograph: Aidan Crawley/EPA

Economics is not a cult. It is not a set of definitive, unchanging rules. It is not a religion. There is no creed. There are no believers and there is(...)

Ajai Chopra of the IMF in Dublin. Illustration: Eoin Coveney

So it was a mistake, all that austerity, all those cuts that blighted people’s lives, all that squalor, all that doubling of child poverty, all that c(...)

Christine Lagarde and Mario Draghi: international economic relations are a bear-pit, with trade wars, threats of competitive currency devaluations, Brexit and slowing growth. Photograph: Eric Piermont/AFP

Next week Mario Draghi hands over the reins at the European Central Bank to Christine Lagarde. She takes over with a war still being fought, a divided(...)

Mario Draghi, the outgoing president of the ECB

Mario Draghi leaves the European Central Bank this week as a different institution to the one he took charge of eight years ago. Thursday’s ECB meeti(...)

Christine Lagarde and Mario Draghi. They both agree central banks should step in if inflation is weak. Photograph: Getty Images

Christine Lagarde is the surprise nominee to be the next president of the European Central Bank, the body that sets monetary policy for one-fifth of t(...)

The Irish Central Bank: along with the Bank of England and the European Central Bank, it will have a new head  soon.

The qualifications necessary to take charge at a central bank mean that any shortlist of candidates is likely to be very short indeed. A PhD from so(...)

Erkki Liikanen, the former Bank of Finland governor, is the most likely  candidate to succeed Mario Draghi as president of the European Central Bank, according to economists

Erkki Liikanen, the former Bank of Finland governor, is the most likely – but not necessarily the best – candidate to succeed Mario Draghi as presiden(...)

Former Central Bank governor Patrick Honohan. File photograph: Cyril Byrne

The Irish bank guarantee was flawed but not bailing out the banks would have been a case “of cutting off your nose to spite your face,” former Central(...)

The Bailout: Denis Conway as Taoiseach Brian Cowen in Colin Murphy’s TV version of his play Bailed Out!

Even at the distance of almost a decade, the details of how Ireland found itself bailed out by the troika – to the tune of €85 billion and a national (...)

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