Warwick James McKibbin (born 21 April 1957 in Sydney) is an Australian emeritus professor of Economics and Public Policy at the Australian National UniversityANU Crawford School of Public Policy and a nonresident senior fellow at the Peterson Institute for International Economics who works across a wide range of areas in applied policy.Profile at Peterson Institute for International Economics He has published more than 200 scholarly articles and several books and is internationally known for his contribution to global economic modelling.
Education McKibbin 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.CV at Peterson Institute for International Economics
Roles McKibbin 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.CAMA website
He is a nonresident senior fellow at the Peterson Institute for International Economics in Washington, DC. He was the professorial fellow of the Lowy Institute for International Policy in Sydney,Lowy Institute profile and a non-resident senior fellow at The Brookings Institution in Washington, DC, where he co-directed the climate change program.Brookings Institution
McKibbin is the CEO and founder of McKibbin Software Group Pty Ltd.McKibbin Software Group company profile
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.Reserve Bank Board McKibbin was also a member of the Australian Prime Minister's Science Engineering and Innovation Council under the Howard Government (2005–2007).Saturday Forum: The impressive Warwick McKibbin
He was made a Fellow of the Australian Academy of Social Sciences at the age of 40,Academy Fellow Profile and in 2001 was awarded the Centenary Medal "For service to Australian society through economic policy and tertiary education".PMC Honours
Collaborations 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.McKibbin W.J. and J. Sachs (1991) Global Linkages: Macroeconomic Interdependence and Co-operation in the World Economy, Brookings Institution, June, 277 pages ()
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.McKibbin W. and P. Wilcoxen (1999) "The Theoretical and Empirical Structure of the G-Cubed Model" Economic Modelling, 16, 1, pp 123-148 ()
The Henderson McKibbin Taylor Rule for Monetary Policy was first proposed by Dale W. Henderson and Warwick McKibbin in 1993Henderson D.W. and W. McKibbin (1993) "A Comparison of Some Basic Monetary Policy Regimes for Open Economies: Implications of Different Degrees of Instrument Adjustment and Wage Persistence"Carnegie-Rochester Conference Series on Public Policy, 39, pp 221-318. and simultaneously by John B. Taylor.Taylor, John B. (1993) "Discretion versus Policy Rules in Practice," Carnegie-Rochester Conference Series on Public Policy, 39, pp.
The McKibbin-Wilcoxen Blueprint is also known as the McKibbin Wilcoxen Hybrid. McKibbin (Australian National University) and Peter Wilcoxen (Syracuse University) outline various approaches to climate change policy.McKibbin W.J and P.J. Wilcoxen (2002) Climate Change Policy after Kyoto: A Blueprint for a Realistic Approach, Brookings Institution, December, 133 pages () 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. They argue that Kyoto Protocol-based carbon-trading systems are too inflexible/brittle to attract developing countries (particularly China and India). A better system would need to be flexible enough to refine outcomes over time (as new data become available).
Honours and awards 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" ref>Australia Day Honours List</ref> and the Centenary medal in 2001 "For Service to Australian Society through Economic Policy and Tertiary Education".Australian Honours Search
References
External links Warwick McKibbin's Home Page Warwick McKibbin - Australian National University Centre for Applied Macroeconomic Analysis Warwick McKibbin - Peterson Institute for International Economics Warwick McKibbin - Australian Financial Review McKibbin-Wilcoxen Blueprint article on http://www.lowyinstitute.org/ Video: Warwick McKibbin interview on the economics of climate change mitigation with Age environment reporter Adam Morton Audio: Warwick McKibbin on trying to model economic certainty in uncertain times Politics with Michelle Grattan, 16 April 2025 Video: Warwick McKibbin interview - Interest rates could be higher despite tariff uncertainty ABC News - the Business, July 2025 Modelling structural change in global macroeconomic models Oxford Review of Economic Policy, August 2025