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Warwick James McKibbin AO (born 21 April 1957 in Sydney) is an Australian Professor of Economics at the Australian National University who works across a wide range of areas in applied policy. He has published more than 200 scholarly articles and several books and is internationally known for his contribution to global economic modelling.
He initially studied at the University of New South Wales, where he received a bachelor's degree with First Class Honours in both economics and econometrics and was awarded the University Medal in 1980. McKibbin then studied under Jeffrey Sachs at Harvard University and was awarded a PhD in economics in 1986.
He was founding director of the ANU Research School of Economics until stepping down in mid-2012. He moved to the Crawford School of Public Policy at ANU in August 2012. He is also an adjunct professor of the Australian Centre for Economic Research on Health. He formed the ANU Centre for Applied Macroeconomic Analysis (CAMA) in 2003 and was the inaugural director of CAMA.
He is also the professorial fellow of the Lowy Institute for International Policy in Sydney and a non-resident senior fellow at The Brookings Institution in Washington, D.C., where he co-directs the climate change program.
McKibbin is president of McKibbin Software Group Inc.
He was a former member of the board of the Reserve Bank of Australia after being appointed by the Howard Government in July 2001 until the end of his term at the end of July 2011. McKibbin was also a member of the Australian Prime Minister's Science Engineering and Innovation Council under the Howard Government (2005–2007).
He was made a Fellow of the Australian Academy of Social Sciences at the age of 40 and in 2003 was awarded the Centenary Medal For service to Australian society through economic policy and tertiary education.
The McKibbin-Sachs Global Model is a global economic model developed originally in 1984 jointly with Jeffrey Sachs and is a widely used intertemporal general equilibrium model of the world economy. [1]
The G-Cubed Model is a global economic model developed in 1991 jointly with Peter Wilcoxen and is a widely used multi-sector intertemporal general equilibrium model of the world economy. [2]
The Henderson McKibbin Taylor Rule for Monetary Policy was first proposed by Dale W. Henderson and Warwick McKibbin in 1993 [3] and simultaneously by John B. Taylor. [4]
The McKibbin-Wilcoxen Blueprint also known as the McKibbin Wilcoxen Hybrid. McKibbin (Australian National University) and Peter Wilcoxen (Syracuse University) outline various approaches to climate change policy. [5] They argue that the issue of taking action against climate change should be separated from the issue of whether Australia should ratify the Kyoto Protocol. Once the Kyoto Protocol is set aside it is clear that there are better options available. One such approach is the McKibbin-Wilcoxen Blueprint which is outlined in this article.
They argue that Kyoto Protocol-based carbon-trading systems are too inflexible/brittle to attract developing countries (particularly China & India). A better system would need to be flexible enough to refine outcomes over time (as new data become available).
McKibbin was awarded the Order of Australia in 2016 "For Distinguished Service to Education as an Economist, Particularly in the Area of Global Climate Policy, and to Financial Institutions and International Organisations" and the Centenary medal in 2003 "For Service to Australian Society through Economic Policy and Tertiary Education".
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study topics such as output/GDP and national income, unemployment, price indices and inflation, consumption, saving, investment, energy, international trade, and international finance.
New Keynesian economics is a school of macroeconomics that strives to provide microeconomic foundations for Keynesian economics. It developed partly as a response to criticisms of Keynesian macroeconomics by adherents of new classical macroeconomics.
This aims to be a complete article list of economics topics:
Kemal Derviş was a Turkish economist and politician who was head of the United Nations Development Programme. He was honored by the government of Japan for having "contributed to mainstreaming Japan's development assistance policy through the United Nations". In 2005, he was ranked 67th in the Top 100 Public Intellectuals Poll conducted by Prospect and Foreign Policy magazines. He was vice president and director of the global economy and development program at the Brookings Institution and part-time professor of international economics at the Graduate Institute of International and Development Studies in Geneva.
Jeffrey David Sachs is an American economist and public policy analyst who is a professor at Columbia University, where he was former director of The Earth Institute. He worked on the topics of sustainable development and economic development.
John Harold Williamson was a British-born economist who coined the term Washington Consensus. He served as a senior fellow at the Peterson Institute for International Economics from 1981 until his retirement in 2012. During that time, he was the project director for the United Nations High-Level Panel on Financing for Development in 2001. He was also on leave as chief economist for South Asia at the World Bank during 1996–99, adviser to the International Monetary Fund from 1972 to 1974, and an economic consultant to the UK Treasury from 1968 to 1970. He was also an economics professor at Pontifícia Universidade Católica do Rio de Janeiro (1978–81), University of Warwick (1970–77), Massachusetts Institute of Technology, University of York (1963–68) and Princeton University (1962–63).
Edward Christian Prescott was an American economist. He received the Nobel Memorial Prize in Economics in 2004, sharing the award with Finn E. Kydland, "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles". This research was primarily conducted while both Kydland and Prescott were affiliated with the Graduate School of Industrial Administration at Carnegie Mellon University. According to the IDEAS/RePEc rankings, he was the 19th most widely cited economist in the world in 2013. In August 2014, Prescott was appointed an Adjunct Distinguished Economic Professor at the Australian National University (ANU) in Canberra, Australia. Prescott died of cancer on November 6, 2022, at the age of 81.
Articles in economics journals are usually classified according to JEL classification codes, which derive from the Journal of Economic Literature. The JEL is published quarterly by the American Economic Association (AEA) and contains survey articles and information on recently published books and dissertations. The AEA maintains EconLit, a searchable data base of citations for articles, books, reviews, dissertations, and working papers classified by JEL codes for the years from 1969. A recent addition to EconLit is indexing of economics journal articles from 1886 to 1968 parallel to the print series Index of Economic Articles.
William Russell Easterly is an American economist specializing in economic development. He is a professor of economics at New York University, joint with Africa House, and co-director of NYU’s Development Research Institute. He is a Research Associate of NBER, senior fellow at the Bureau for Research and Economic Analysis of Development (BREAD) of Duke University, and a nonresident senior fellow at the Brookings Institution in Washington DC. Easterly is an associate editor of the Journal of Economic Growth.
Stephen W. Salant is an economist who has done extensive research in applied microeconomics. His 1975 model of speculative attacks in the gold market was adapted by Paul Krugman and others to explain speculative attacks in foreign exchange markets. Hundreds of journal articles and books on financial speculative attacks followed.
Dale Weldeau Jorgenson was an American economist who served as the Samuel W. Morris University Professor at Harvard University. An influential econometric scholar, he was famed for his work on the relationship between productivity and economic growth, the economics of climate change, and the intersection between economics and statistics. Described as a "master" of his field, he received the John Bates Clark Medal in 1971, and was described as a worthy contender for the Nobel Memorial Prize in Economic Sciences.
New classical macroeconomics, sometimes simply called new classical economics, is a school of thought in macroeconomics that builds its analysis entirely on a neoclassical framework. Specifically, it emphasizes the importance of rigorous foundations based on microeconomics, especially rational expectations.
Ross Gregory Garnaut is an Australian economist, currently serving as a vice-chancellor's fellow and professorial fellow of economics at the University of Melbourne. He is the author of numerous publications in scholarly journals on international economics, public finance and economic development, particularly in relation to East Asia and the Southwest Pacific.
Crawford School of Public Policy is a research-intensive policy school within the ANU College of Asia and the Pacific at The Australian National University which focuses on Australia and the Asia-Pacific region. The school was named after Sir John Crawford, and its current director is Professor Helen Sullivan.
The Kyoto Protocol was an international treaty which extended the 1992 United Nations Framework Convention on Climate Change.
The new neoclassical synthesis (NNS), which is occasionally referred as the New Consensus, is the fusion of the major, modern macroeconomic schools of thought – new classical macroeconomics/real business cycle theory and early New Keynesian economics – into a consensus view on the best way to explain short-run fluctuations in the economy. This new synthesis is analogous to the neoclassical synthesis that combined neoclassical economics with Keynesian macroeconomics. The new synthesis provides the theoretical foundation for much of contemporary mainstream macroeconomics. It is an important part of the theoretical foundation for the work done by the Federal Reserve and many other central banks.
William Francis Mitchell is a professor of economics at the University of Newcastle, New South Wales, Australia and Docent Professor of Global Political Economy at the University of Helsinki, Finland. He is also a guest professor at Kyoto University, Japan since 2022. He is one of the founding developers of Modern Monetary Theory.
Takashi Negishi is a Japanese neo-Walrasian economist.
Adele Cecile Morris is a senior fellow and policy director for Climate and Energy Economics at the Brookings Institution. Her expertise and interests include the economics of policies related to climate change, energy, natural resources, tax policy, and public finance. She was an unpaid advisor to the Hillary for America campaign.
{{Infobox academic | name = Assaf Razin | image = ASA 2025 - Assaf Razin 01.jpg | image_size = | caption = | birth_date = 1941 | birth_place = Shamir, Israel | death_date = | death_place = | occupation = Economist, academic and author | boards = First International Bank of Israel
Gan-Shmuel Foods | spouse = Shula Razin
