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

CAMA Director
See CAMA Network

CAMA RBA Shadow Board

In 2026, the Board of the Reserve Bank of Australia (RBA) meets to decide on a target for the cash rate on the following dates:

  • 3 February 2026
  • 17 March 2026
  • 5 May 2026
  • 16 June 2026
  • 11 August 2026
  • 29 September 2026
  • 3 November 2026
  • 8 December 2026

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.

See past outcomes

Latest news
On
The US revenue implications of President Trump's 2025 tariffs
Photo by DPA/Christian Charisius

The US revenue implications of President Trump's 2025 tariffs
New PIIE Briefing by McKibbin and Shuetrim: Trump’s tariffs may raise trillions in revenue but would harm U.S. growth, provoke retaliation, and reduce net gains as trade tensions escalate.
  • Tariffs
  • US Economy
  • Modelling
Hang Duong at the 2025 Raisina-IE Global Student Challenge
Hang Duong at the 2025 Raisina-IE Global Student Challenge

Thuy-Hang Duong's vision for fairer global trade earns top recognition at Raisina-IE Global Student Challenge
PhD scholar Hang Duong participated in the 2025 Raisina-IE Global Student Challenge, earning second place with her team’s proposal for fairer trade agreements, bridging the Global North-South Divide.
  • geoeconomics #geopolitics
McKibbin_Tariffs on BRICS 2025

Trump's threatened tariffs projected to harm economies of US and the BRICS
Trump's threat of 100% tariffs on BRICS countries could harm the U.S. and global economies, causing slower growth and higher inflation, without weakening the U.S. dollar's dominance. — McKibbin &Nolan
  • tariffs #economy
Interview with Warwick McKibbin by ABC Radio National

What impact will Trump's new tariffs have on Australia?
Distinguished Professor Warwick McKibbin on Trump's tariff policy ABC Radio National
Women in Macroeconomics workshop panel photo

Women in Macroeconomics Workshop 2024
CAMA hosts the 2024 Women in Macroeconomics Workshop, fostering collaboration and research sharing among women economists, with a focus on supporting early career researchers and PhD students.
  • macroeconomics
The economic effects of Trump's plans for tariffs, deportation and the Fed

The economic effects of Trump's plans for tariffs, deportations, and the Fed
The Peterson Institute for International Economics held a launch event to discuss the Working Paper, The international economic implications of the Trump Program, by Megan Hogan, Warwick J. McKibbin.
  • macroeconomics
  • US policy
Roshen Fernando

Congratulations to Roshen Fernando for his research award
CAMA PhD scholar has been granted a research award for his thesis.
  • research
  • PhD
  • Covid-19
  • economic impacts
  • Climate Change

The economic danger of revoking China's permanent normal trade status
The Policy Brief, “Economic implications of revoking China’s permanent normal trade status,” by Megan Hogan, Warwick J. McKibbin and Marcus Noland at Peterson Institute for Intern
  • China
  • USA
  • trade
  • economic implications

In the Media
On

The Sino-American Battle for Brains
Jong-Wha Lee - Project Syndicate

Warwick McKibbin gives his take on Trump's 'Liberation Day' tariffs
Producer: Brooke Young - Radio National Breakfast, ABC Listen

Interest rates could be higher despite tariff uncertainty
Warwick McKibbin on ABC News -The Business

Assessing Trump's Tariffs, The Mega Bill & Its Impact On The Global Economy
Warwick McKibbin discusses Trump’s tariffs, the mega tax bill and impacts on emerging markets - The Global Reset, CNBC Hosted by Surabhi Upadhyay

How high can US debt go before it triggers a financial crisis?
Luke Hartigan - The Conversation

The US and China have reached a 90-day pause on reciprocal tariffs, marking a temporary truce in their trade war.
Distinguished Professor Warwick McKibbin talks on US-China tariffs. - ABC News - Afternoon Briefing

Trump's Tariff Will Slow Economy and Consumer Spending
Warwick McKibbin speaks with Tom Keene and David Gura - Bloomberg

Warwick McKibbin on trying to model economic certainty in uncertain times
Politics with Michelle Grattan: - The Conversation
Past Media Engagements

Contact us

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 
 

General enquiries:

cama.admin@anu.edu.au

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