Warwick McKibbin

Professorial Fellow
Areas of expertise
Climate change policy; globalisation and disease; international macroeconomic policy; international trade policy; global demographic change; global economic modeling
News and media
Professor Warwick McKibbin was a Professorial Fellow at the Lowy Institute for International Policy until October 2012. He is an ANU Public Policy Fellow in the Crawford School of Public Policy and an Adjunct Professor in the Australian Centre for Economic Research in Health at the Australian National University, a non resident Senior Fellow at the Brookings Institution in Washington D.C, and president of McKibbin Software Group. Professor McKibbin was a member of the Board of the Reserve Bank of Australia for a decade until July 2011. He has also worked at the Japanese Ministry of Finance, US Congressional Budget Office, World Bank, and advises governments and corporations globally. Professor McKibbin has been a consultant for many international agencies and a range of governments on issues of macroeconomic policy, international trade and finance, and greenhouse policy issues. Professor McKibbin has published widely in technical journals and the popular press including the book "Global Linkages: Macroeconomic Interdependence and Cooperation in the World Economy" written with Professor Jeffrey Sachs of Harvard University, and the new edited book "Sovereign Wealth: The Role of State Capital in the New Financial Order, Imperial College Press. In 2012, his paper on “Globalization and Disease” was voted one of the 50 Most Influential papers ever published by MIT Press Journals. Professor McKibbin received his B.Com (Honours 1) and University Medal from the University of NSW (1980) and his AM (1984) and a PhD (1986) from Harvard University. He is a Fellow of the Australian Academy of Social Sciences and a founding member of the Harvard University Asian Economic Panel. He was awarded the Centenary medal in 2003 "For Service to Australian Society through Economic Policy and Tertiary Education".
Global fiscal adjustment and trade rebalancing
The emergence of substantial fiscal deficits and a large build-up of government debt in major advanced economies will inevitably lead to a period of fiscal consolidation in coming…
Global fiscal consolidation
One important outcome of the Great Recession has been the rapid accumulation of government debt in many of the world’s developed economies. This growing debt burden represents a…
Policy Briefs
Confronting the Crisis of International Climate Policy
Copenhagen failed to produce an agreement on climate change commensurate with the scale of the problem, highlighting the fundamental weaknesses in the existing UN framework. …
The global financial crisis: causes and consequences
This Working Paper, by Warwick McKibbin and Andrew Stoeckel, models the global financial crisis as a combination of shocks to global housing markets and sharp increases in risk…
The economic and environmental effects of border tax adjustments for climate change policy
For the foreseeable future, climate change policy will be considerably more stringent in some countries than in others. In high-cost countries, there will be political pressure to…
Expecting the unexpected
To estimate the emissions reductions and costs of a climate policy, analysts usually compare a policy scenario with a baseline scenario of future economic conditions without the…
China can grow and still help prevent the tragedy of the carbon dioxide commons
Under reasonable assumptions, China could achieve parity in living standard with Western Europe by 2100, and India by 2150. Climate change, however, may be a key obstacle…
Building on Kyoto: towards a realistic global climate agreement
Although the Kyoto Protocol has not been effective at reducing emissions, it has been very effective at demonstrating a few important lessons about the form future international…
What does a free-trade area of the Asia-Pacific mean to China
A Free Trade Area of the Asia-Pacific (FTAAP) has been proposed as a long-term prospect by the Asia-Pacific Economic Cooperation (APEC).Warwick McKibbin , Tingsong Jiang