Aditya Taruna
Aditya Anta Taruna is a PhD candidate in economics at the Australian National University (ANU), with a research focus on systemic risk, macroprudential policy, and financial stability. He holds a Master's degree in Systemic Risk from Yale University and a Bachelor's degree in Physics Engineering from Institut Teknologi Bandung. His academic journey has been complemented by extensive professional experience at Bank Indonesia, where he held several research and managerial roles in the Macroprudential Policy Department. During his tenure at Bank Indonesia, Aditya contributed to the development of systemic risk models, financial stability indices, and macroprudential stress testing frameworks. His work in macroprudential policy involved a deep understanding of macroeconomic and banking system dynamics, integrating these factors to assess and mitigate risks in the financial sector. He managed teams, including Assistant Managers and Research Fellows, and led various high-level research projects on banking system resilience, forward-looking financial vulnerability indicators, and integrated stress testing. His work played a key role in shaping policy and regulatory frameworks aimed at ensuring financial stability within Indonesia’s banking sector. Aditya has authored and co-authored several impactful research publications in prestigious journals, addressing topics such as stress testing, macroprudential liquidity management, and the systemic risks inherent in financial markets. He has presented his research at international conferences and seminars, including the International Economic Association and the Sydney Banking and Financial Stability Conference. Additionally, Aditya has provided technical assistance to central banks and financial institutions, assisting them in developing financial stability indices and stress testing methodologies. With a strong foundation in both academic research and practical policymaking, Aditya’s work is highly regarded in the fields of systemic risk and financial stability.
Research Interest
Systemic Risk and Financial Stability – modelling interconnected risks across banking and financial systems, with a focus on stress testing and early warning indicators. Macroprudential Policy and Regulation – design and evaluation of policy instruments to safeguard financial systems, particularly in emerging markets. Banking System Dynamics – exploring credit growth, liquidity management, and resilience under shocks. Climate-related Financial Risks – integrating climate shocks into financial stability frameworks and assessing their impact on banks and economies. Macroeconomic–Financial Linkages – understanding feedback loops between the real economy and financial stability.
HDR Supervisor/s
Warwick McKibbin Larry Weifeng Liu Renee McKibbin Shiro Armstrong Adele Morris (the US Federal Reserve Board)Thesis Title/Topic
Designing Macroprudential Stress Test Framework - Non-linearity, Idiosyncratic Factors, and Systemic Risk
Expertise Area(s)
Contact Email
aditya.taruna@anu.edu.auContact Phone
0488282757