In response to a review of its macroeconomic forecasting methodology, Treasury undertook to develop a wider range of alternative techniques to forecast the economy and to convene an external panel of experts to provide advice on those alternatives.
The panel is comprised of the following academics and other macroeconomic experts with specialist knowledge in macroeconomic modelling:
- Professor Heather Anderson (Maureen Brunt Chair of Economics and Econometrics and Head of the Department of Econometrics and Business Statistics, Monash University)
- Professor Mardi Dungey (University of Tasmania)
- Dr Alexandra Heath (Head of Economic Analysis Department, Reserve Bank of Australia)
- Dr John McDermott (Assistant Governor and Head of Economics, Reserve Bank of New Zealand)
- Professor Warwick McKibbin (Director, Centre for Applied Macroeconomic Analysis, Australian National University)
- Professor James Morley (Associate Dean, Research, University of New South Wales)
- Mr Stephen Murchison (Advisor to the Governor, Bank of Canada)
- Professor Bruce Preston (University of Melbourne)
The expert panel will be consulted on an ad hoc basis on technical macroeconomic issues and will meet once or twice a year.