CAMA RBA Shadow Board Members

Sally Auld is Chief Economist at National Bank of Australia. Sally completed her Bachelor and Master degree in economics at Sydney University with First Class Honours and the University Medal. Sally went on to complete a Doctor of Philosophy in economics at Oxford University. She is currently Deputy Chair of the Council of The Women’s College, within the University of Sydney, and sits on the Board of Equality Australia. Auld joined J.P. Morgan in September 2008 as head of fixed income and FX strategy for Australia and New Zealand. She was responsible for views on the Antipodean economic and policy outlook as well as strategic and tactical trade recommendations in Antipodean interest rate and FX markets. Previously, Sally was co-head of economics and interest rate research at ANZ and commenced her career as an interest rate strategist at Credit Suisse. From 2020 to 2025 Sally was Chief Investment Officer at JBWere.

Besa Deda is a highly experienced Chief Economist with a solid background in financial markets and leadership. Besa joined William Buck as their Chief Economist in May 2025, taking on a newly created role that marks the first position of its kind for an Australian mid-tier accounting and advisory firm. Previously, she spent 15 years with the Westpac Group where she held the position of Chief Economist across several large businesses and served as a key spokesperson for the organisation. Her career also includes roles at St.George Bank, Commonwealth Bank and Colonial.  At St.George Bank, she broke new ground in 2008 by becoming the first female Chief Economist of an Australian bank while also the youngest to hold the role at that time. Besa regularly appears in the media and is widely recognised for making economics engaging and accessible, while offering clear and insightful analysis. She currently chairs the Australian Business Economists, an organisation dedicated to fostering debate on key economic and policy issues. Besa also serves as a member of the ANU's Centre for Applied Macroeconomic Analysis Reserve Bank Shadow Board. Passionate about leading with empathy and inclusion, Besa excels at guiding businesses through economic challenges and delivering clear, actionable intelligence for diverse stakeholders.

Begoña Domínguez is a Professor of Economics at the University of Queensland. She is founding member and current President of the Australasian Macroeconomics Society. She is a Research Associate of CAMA. She has held Associate Editorial positions at the Journal of Economic Dynamics and Control and at New Zealand Economic Papers. Her research specialisation is in macroeconomics and in particular she works on both fiscal policy and monetary economics. Begoña has published in international economics journals such as the Journal of Monetary Economics, the Journal of Economic Theory, and the Review of Economic Dynamics.

Timo Henckel (non-voting chair) is a Senior Lecturer in the Research School of Economics at ANU College of Business and Economics. He is also a CAMA Research Fellow and director of CAMA’s “Behavioural Macroeconomics and Complexity” research program. His research spans the fields of behavioural economics, monetary economics, international macroeconomics, and experimental economics, with a particular focus on financial crises, bubbles and central bank policy. He appears frequently in the media and has written numerous policy briefs. Dr Henckel holds a PhD from the London School of Economics.

Mariano Kulish received his PhD in economics from Boston College in 2005. His research interests include macroeconomics, monetary economics and applied econometrics with a focus on understanding the behaviour of economies undergoing structural changes. Mariano has developed new techniques to solve and estimate rational expectations models with structural changes and has applied them to policy-relevant settings, such as the recent period of monetary policy with zero interest rates, disinflation policies, and the impact of commodity price fluctuations in Australia. Mariano has published in international economics journals such as the Review of Economics and Statistics, the Journal of Monetary Economics, the Journal of International Economics, the Journal of Applied Econometrics, the Journal of Economic Dynamics and Control, and the European Economic Review.

Guay Lim is a Professorial Research Fellow at the Melbourne Institute of Applied Economics and Social Research and an Adjunct Professor at the Department of Economics, University of Melbourne. Her research interests are in quantitative macroeconomics and macroeconometrics and her papers have been published in major international journals. She has held visiting research positions at the IMF, ECB, RBNZ, Osaka University, Brown University, Georgetown University and Fordham University. Guay is also the head of the Macroeconomics Unit at the Melbourne Institute and they publish indicators of activity about the Australian economy on a regular basis.

Warwick McKibbin is a Distinguished Professor in the ANU Centre for Applied Macroeconomic Analysis (CAMA) at the Crawford School of Public Policy at the Australian National University (ANU). He is also a Fellow of the Australian Academy of Social Sciences, a Distinguished Fellow of the Asia and Pacific Policy Society, a non-resident Senior Fellow at the Brookings Institution in Washington D.C and a Director of McKibbin Software Group Pty Ltd. Professor McKibbin was founding Director of the ANU Centre for Applied Macroeconomic Analysis and founding Director of the ANU Research School of Economics. He was also a Professorial Fellow at the Lowy Institute for International Policy for a decade from 2003, where he was involved in its design and development. Professor McKibbin served for a decade on the Board of the Reserve Bank of Australia (the Australian equivalent of the Board of Governors of the US Federal Reserve) until July 2011. He has also served as a member of the Australian Prime Minister’s Science, Engineering and Innovation Council and the Australian Prime Minister’s Taskforce on Uranium Mining Processing and Nuclear Energy in Australia.

James Morley is a Professor of Macroeconomics at the University of Sydney. He received his PhD from the University of Washington in 1999 and was previously at Washington University in St. Louis and the University of New South Wales, most recently as Associate Dean (Research) of the UNSW Business School from 2014-2017. He is an Academic Fellow of the Reserve Bank of New Zealand and has been a visiting scholar at various policy institutions worldwide, including the Bank of Canada, Bank Negara Malaysia, and the Bank for International Settlements. He is a former President of the Society for Nonlinear Dynamics and Econometrics and is currently Co-Editor of the Economic Society of Australia’s journal The Economic Record. His research focuses on the empirical analysis of business cycles, stabilisation policy, and sources of persistent changes in macroeconomic and financial conditions.

John Romalis studies international economics and macroeconomics. Romalis has published well-known papers on the determinants of international trade, and on the economic effects of tax and trade policy in journals such as the American Economic Review, the Quarterly Journal of Economics, the Review of Economics and Statistics, and the Journal of the European Economic Association. Romalis has three main current lines of research. He studies the trade and welfare implications of tariff reductions since the Uruguay Round of trade negotiations. A second line of research studies the causes of the collapse of international trade during the recent global recession. Finally, Romalis studies how firms engaged in international competition determine the quality and price of their products. After completing degrees in economics and in law, Romalis worked negotiating contracts governing swaps and other derivatives for a commercial bank, and then moved to the economics research department in Australia’s central bank. After completing his PhD in economics at the Massachusetts Institute of Technology, he joined the University of Chicago Booth faculty in 2001. John Romalis has also served as a Resident Scholar for the International Monetary Fund, has been a Faculty Research Fellow for the National Bureau of Economic Research, and had appointments at Princeton University and Australian National University. In 2013 - 2022, John Romalis moved to The University of Sydney where he was appointed the Sir Hermann Black Chair of Economics. From August 2022, John is the Head of Department of Economics in Macquarie University. 

Peter Tulip is Chief Economist at the Centre for Independent Studies. He previously worked in the Research Department of the Reserve Bank of Australia. Before that he worked at the Federal Reserve Board of Governors, the OECD and the Commonwealth Treasury. His recent research focusses on housing and monetary policy. Peter has published in international economics journals such as the Journal of Money, Credit and Banking, the International Journal of Forecasting, the International Journal of Central Banking and the B.E. Journal of Macroeconomics. He has a PhD from the University of Pennsylvania.