MICHAEL MCMAHON APPOINTED AS A MEMBER OF THE IRISH FISCAL ADVISORY COUNCIL AND MARTIN ELLISON APPOINTED TO SERVE ON THE ECONOMIC POLICY COUNCIL OF FINLAND

Wednesday, 01 May 2019

Congratulations to Michael McMahon who has been appointed to the Irish Fiscal Advisory Council and will serve a four year term from April 2019 and Martin Ellison has been appointed to serve on the Economic Policy Council of Finland from April 2019 for a two year term.

The Irish Fiscal Advisory Council is an independent statutory body whose purpose is to provide an independent assessment of official budgetary forecasts and proposed fiscal policy objectives. It comprises five Council members and a Secretariat of seven.

Ireland’s Minister for Finance, Mr Paschal Donohoe TD said of Michael’s appointment:

 “I welcome the appointment of Mr McMahon as a member of the Irish Fiscal Advisory Council and wish him well in this important role. Strong institutions are an important part of any healthy democracy and as such, IFAC and the work it carries out is very important.”

 Further details about the Irish Fiscal Advisory Council can be found here

Finland’s Economic Policy Council was established in 2014 to provide independent evaluation of the objectives of economic policy and the effectiveness of the policy measures chosen. Through its work, the Council aims to improve the quality of economic policy decision-making and preparatory work, and to bring an independent and research-based perspective to the public discussion on economic policy.

The members of the Council are appointed based on proposals made by the economics departments of universities and the Academy of Finland. The Council consists of a Chairperson and four other members. The current Chairperson of the Council is Prof. Jouko Vilmunen.

Further information about the role and work of the Economic Policy Council can be found here