The Minister for Finance Michael McGrath has appointed a new member to the Irish Fiscal Advisory Council, Professor Stephen Millard.
Professor Millard will take up the position on June 17.
Professor Millard was appointed from a panel of shortlisted candidates set up following an open selection process through the Public Appointments Service held earlier this year.
Stephen Millard is the Deputy Director of Macroeconomic Modelling and Forecasting at the National Institute of Economic and Social Research (NIESR) in the UK, with a PhD in Economics from Northwestern University.
Before joining NIESR, Stephen worked for 26 years at the Bank of England in a variety of policy, research and managerial roles across the Bank's Monetary Analysis and Financial Market Infrastructure Directorates. He has also been a Visiting Professor at the Durham University Business School since 2011 and at the University of Portsmouth since October 2021.
Today's appointment fills an existing vacancy on the Council and Professor Millard's term of office will run until the end of December, with the possibility of reappointment for up to two further four-year terms.
Michael McGrath said the Council plays an important part in the country's budgetary process and continues to make a valuable contribution to the public debate around the economic and fiscal issues facing the State.
