Dr Timo Henckel is a Senior Lecturer in economics and a Research Fellow at the ANU Centre for Applied Macroeconomic Analysis.

He also chairs the Reserve Bank of Australia Shadow Board and leads the Climate Economics and Policy Research Cluster at the ANU Institute for Climate Energy and Disaster Solutions.

Dr Henckel’s research interests span the fields of behavioural economics, monetary economics, macroeconomics, experimental economics, inequality, and complexity analysis. In particular, he has theoretically, empirically and experimentally studied the determinants of bounded rationality and the effects of such behaviour on the macroeconomy.

In addition to his academic work, which has appeared in leading journals, Dr Henckel has written numerous policy briefs for domestic and international institutions, ranging from infrastructure policy to financial crises. He also regularly provides commentary for media.

Fields of expertise



What caused interest rates to rise and will they go down? An economist explains

The Reserve Bank of Australia’s (RBA) decision to raise or lower the official cash rate has far-reaching impacts.…


Shadow RBA says no respite on interest rates

Homeowners hoping for respite on interest rates have little to look forward to, with the Reserve Bank of…

4 October 2022


Shadow RBA Board in little doubt that cash rate should rise

The RBA Shadow Board at The Australian National University (ANU) has voted in favour of a fifth successive…

5 September 2022


Significant inflation concerns require another rate rise

Australia’s high inflation rate remains a “significant concern” for the RBA Shadow Board at The Australian National University…


Cash rate should stay at historic low

Interest rates are expected to remain at the historically low rate of 0.1 per cent for the February…

31 January 2022


Cash rate should stay on hold for the next year

The official cash rate should remain at a historic low of 0.1 per cent for at least one…


Keep rates steady despite economic improvement

There is “virtually no doubt” interest rates should remain at the historically low rate of 0.1 per cent,…


As lockdown lifts, rates should stay put

Despite Victoria’s success in containing COVID-19 and lifting stage-four restrictions, interest rates should stay at the historically low…

2 November 2020


Case for keeping rates low remains strong: Shadow RBA – ANU

With Australia’s economy remaining fragile due to COVID-19, the official cash rate should remain on hold for now,…

31 August 2020


As COVID cases rise, rates should stay low

With a surge in coronavirus cases in Victoria and other states, there is a strong reason to keep…


Cash rate should stay low despite eased lockdown

As Australia’s economy starts to cautiously reopen, The Australian National University’s RBA Shadow Board is calling for the…


Cash rate must stay at record low for now: Shadow RBA

With economic uncertainty still high due to the COVID-19 pandemic and the strong likelihood of recession, The Australian…


Cash rate should stay at historic low: RBA Shadow Board

The extraordinary events surrounding the COVID-19 pandemic are certain to push Australia into recession for the first time in…


Rates should remain steady amid bushfires, coronavirus

The ongoing bushfires and the coronavirus outbreak pose new challenges for the Australian economy, according to The Australian…

4 February 2020

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