Reamonn Lydon
Welcome to my personal page.
I am an economist at the Central Bank of Ireland, where I am Deputy Head in the Monetary Policy Division.
The main task of the Division is advise the Governor of the Central Bank of Ireland as a member of the Governing Council of the European Central Bank. The Governing Council's primary mandate is price stability, which means preserving the purchasing power of the euro. It does this by guarding against inflation rates that are neither too high nor too low. To achieve this goal, the Governing Council meets roughly every six weeks to set its monetary policy stance, usually via its main policy tool: interest rates.
My main research interest is Labour Economics, and, currently, how labour market dynamics matter for inflation and monetary policy. Find out more about my current research here.
I joined the Central Bank in November 2010. I worked in the Financial Stability Division for two years, mainly on issues relating to mortgage distress and household finance. I then moved to Irish Economic Analysis as a Senior Economist and then Head of Function (Research), before becoming Senior Advisor for Research to the Chief Economist, and, since October 2021, Deputy Head in Monetary Policy.
Prior to joining the Central Bank, I was Deputy Head of Economics at the Commission for Aviation Regulation in Dublin for three years. In addition to travel-related consumer issues, the Commission is responsible for the economic regulation of Dublin Airport Authority (airport charges and slot regulation). Before this, I was a senior economist at Frontier Economics (London), Europe's largest economics consultancy. At Frontier, I worked in a variety of areas, including economic regulation, competition, market structure, public policy and transport.
I did my PhD in economics at the University of Warwick, with Professors Ian Walker and Andrew Oswald.
My PhD was on "Wage Determination, Wage Subsidies and Training". Combined material from my PhD appears in this Fiscal Studies article on "Welfare-to-work, wages and wage growth" (co-authored with Prof. Ian Walker). I have an MA (Economics) and BA (Economics and Philosophy) from University College Dublin.
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