Announced: Athanasios Orphanides

Posted on the 15th January 2015 by Shanta, Communications Coordinator

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Our next speaker in this week's line-up, Athanasios Orphanides

Athanasios Orphanides, a Cypriot economist, served as Governor of the Central Bank of Cyprus for 5 years and is currently Professor of the Practice of Global Economics and Management at the MIT Sloan School of Management as well as a Research Fellow of the Centre for Economic Policy Research.

Orphanides undertook his undergraduate degrees in mathematics and economics at the Massachusetts Institute of Technology (MIT) and then went on to gain his PhD in economics in 1990 there. As a key commentator for the economic situation in Cyprus, Orphanides was additionally an active contributor in the recent Euro crisis debate.

During 2008 to 2012 Orphanides was a member of the Governing Council of the European Central Bank (ECB) and prior to this, he was highly involved with the Federal Reserve System in the USA, where he taught courses in Macroeconomics at both Georgetown and John Hopkins University.

Orphanides’ research about the role of central banks and monetary policy have been featured in many notable publications including those from the Institute for Monetary and Financial Stabilityand the Centre of Economic Policy Research. A central focus of his work is using data available in real time in order to formulate monetary policy, rather than relying on the more frequently-used yet unreliable measures such as the ‘output gap’.

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