Schools and Centres Pages

About us

The Centre for Applied Macroeconomic Analysis (CAMA) is located in the Crawford School of Public Policy at the Australian National University. It was established in 2003 to bring together economists working on applied macroeconomic and financial market issues throughout Australia and across the globe. CAMA aims to advance research and postgraduate training in applied macroeconomic and financial issues. 

Distinguished Professor Warwick McKibbin, the current Director, founded CAMA. The Deputy Director is Professor Ippei Fujiwara. Former Directors include Professor Renée Fry-McKibbin and Professor Shaun Vahey and Deputy Directors include Professor Heather Anderson, Professor Mardi Dungey and Distinguished Professor Renée Fry-McKibbin. 

CAMA RBA Shadow Board

In 2025, the Board of the Reserve Bank of Australia (RBA) meets to decide on a target for the cash rate on the following dates:

  • 17–18 February
  • 31 March–1 April
  • 19–20 May
  • 7–8 July
  • 11–12 August
  • 29–30 September
  • 3–4 November
  • 8–9 December

This decision is highly significant for the wider economy and is therefore closely monitored by the financial markets. The CAMA RBA Shadow Board, consisting of nine voting members and one non-voting chair, all distinguished macroeconomists, offers its own policy recommendation on the Monday before the official RBA decision. Members give probabilistic assessments of the appropriate target rate for each round, which are then aggregated. The higher the percentage attached to a given cash rate, the greater the confidence that this rate is the appropriate target.

For questions regarding the CAMA RBA Shadow Board, please contact Dr Timo Henckel. If you wish to access the database of past voting records for research purposes, please contact cama.admin@anu.edu.au.

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Featuring Warwick McKibbin

Office location:

Centre for Applied Macroeconomic Analysis (CAMA) 
Crawford School of Public Policy 
ANU College of Asia and the Pacific 
J. G. Crawford Building # 132 
Lennox Crossing 
Acton ACT 2601 Australia