Warwick James McKibbin (born 21 April 1957 in

Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...

) is an Australian Professor of Economics at the

Australian National University The Australian National University (ANU) is a public research university located in Canberra, the capital of Australia. Its main campus in Acton encompasses seven teaching and research colleges, in addition to several national academies and ...

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.

Education

He initially studied at the

University of New South Wales The University of New South Wales (UNSW), also known as UNSW Sydney, is a public research university based in Sydney, New South Wales, Australia. It is one of the founding members of Group of Eight, a coalition of Australian research-intensive ...

, where he received a

bachelor's degree A bachelor's degree (from Middle Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six ...

with First Class Honours in both economics and econometrics and was awarded the University Medal in 1980. McKibbin then studied under

Jeffrey Sachs Jeffrey David Sachs () (born 5 November 1954) is an American economist, academic, public policy analyst, and former director of The Earth Institute at Columbia University, where he holds the title of University Professor. He is known for his work ...

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...

and was awarded a

PhD PHD or PhD may refer to: * Doctor of Philosophy (PhD), an academic qualification Entertainment * '' PhD: Phantasy Degree'', a Korean comic series * ''Piled Higher and Deeper'', a web comic * Ph.D. (band), a 1980s British group ** Ph.D. (Ph.D. albu ...

in economics in 1986.

Roles

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 The Lowy Institute is an independent think tank founded in April 2003 by Frank Lowy to conduct original, policy-relevant research about international political, strategic and economic issues from an Australian perspective. It is based in Sydney, ...

in Sydney and a non-resident senior fellow at

The Brookings Institution The Brookings Institution, often stylized as simply Brookings, is an American research group founded in 1916. Located on Think Tank Row (Washington DC), Think Tank Row in Washington, D.C., the organization conducts research and education in the s ...

in Washington, D.C., where he co-directs the

climate change In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes to E ...

program. McKibbin is president of McKibbin Software Group Inc. He was a former member of the board of the

Reserve Bank of Australia The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the ''Reserve Bank Act 1959'' removed the central banking functions from the Commonwealth Bank. T ...

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''.

Collaborations

The McKibbin-Sachs Global Model is a global economic model developed originally in 1984 jointly with

and is a widely used intertemporal general equilibrium model of the world economy. 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. The Henderson McKibbin Taylor Rule for Monetary Policy was first proposed by Dale W. Henderson and Warwick McKibbin in 1993 and simultaneously by John B. Taylor. 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.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

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 The Kyoto Protocol was an international treaty which extended the 1992 United Nations Framework Convention on Climate Change (UNFCCC) that commits state parties to reduce greenhouse gas emissions, based on the scientific consensus that (part ...

-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).

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" and the Centenary medal in 2003 "For Service to Australian Society through Economic Policy and Tertiary Education".

References

External links

Warwick McKibbin's Home Page

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 {{DEFAULTSORT:McKibbin, Warwick 1957 births Australian economists Australian National University faculty Living people Officers of the Order of Australia People from Sydney University of New South Wales alumni