Debt and austerity: post-crisis lessons from Ireland

Hosted by the Department of Economics and Centre for Macroeconomics

Old Theatre, Old Building,


Patrick Honohan


Charles Bean

After a long run of seeming prosperity, the financial crisis left Ireland’s banks more under water and its public and private balance sheets in greater disarray than in most other Western European countries. Since then, the painful processes of bank restructuring and fiscal adjustment, partly under the protection of an IMF-EU financial support arrangement, have revealed much about the domestic and international political economy of debt and austerity.  

Patrick Honohan was appointed Governor of the Central Bank of Ireland in 2009. Prior to this, he worked at the World Bank and the IMF, and was economics advisor to the Irish government. He is an alumnus of LSE.

Charles Bean is a member of the Department of Economics at LSE, and the Centre for Macroeconomics. He was Deputy Governor for Monetary Policy at the Bank of England from 2008-14, and Chief Economist at the Bank of England from 2000 to 2008. 

The Department of Economics at LSE (@LSEEcon) is one of the largest economics departments in the world. Its size ensures that all areas of economics are strongly represented in both research and teaching.

The Centre For Macroeconomics (@CFMUK) brings together world-class experts to carry out pioneering research on the global economic crisis and to help design policies that alleviate it. 

Suggested hashtag for this event for Twitter users: #LSEecon


A transcript of Governor Honohan's event is available to download. Download Debt and Austerity post crisis lessons from Ireland

Governor Honohan's PowerPoint presentation can be downloaded here: Debt and austerity: post-crisis lessons from Ireland

Podcast & Video

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This event has been certified for CPD purposes by the CPD Certification Service. Self-Assessment Record forms will be made available for delegates wishing to record further learning and knowledge enhancement for Continuing Personal and Professional Development (CPD) purposes. For delegates who wish to obtain a CPD Certificate of Attendance, it is the responsibility of delegates to register their details with a LSE steward at the end of the event and as of 1 September 2014 a certificate will be sent within 28 days of the date of the event attended by the CPD Certification Service.  If a delegate fails to register their details at the event, it will not prove possible to issue a certificate. (For queries relating to CPD Certificates of attendance after a request please phone 0208 840 4383 or email


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