Behavioural (macro) economics; Monetary economics, central banking; International macroeconomics, financial crises; Experimental economics; Inequality; Complexity and heterogeneity.
Timo Henckel is a Senior Lecturer of Economics and a Research Fellow in the Centre for Applied Macroeconomic Analysis. Timo is also Chair of the Reserve Bank of Australia Shadow Board, a group that aims to foster a lively and informed debate about Australian monetary policy and about macroeconomics more generally. Timo’s research spans the fields of behavioural economics, monetary economics, international macroeconomics, experimental economics, inequality, complexity and heterogeneity. He has theoretically, empirically and experimentally studied the determinants of bounded rationality and the effects of such behaviour on inflation and macroeconomic policy. Timo’s work has appeared in leading journals including Economics Letters, Oxford Economic Papers and Journal of Macroeconomics. He has also provided media commentary and written numerous policy briefs for various stakeholders including on: infrastructure policy for the Brookings Institution in Washington D.C.; financial crises for the Sydney Institute; and, asset price bubbles for The Conversation.
- Henckel, T, Menzies, G, Moffatt, P et al 2019, 'Three dimensions of central bank credibility and inferential expectations: The Euro zone', Journal of Macroeconomics, vol. 60, pp. 294-308.
- Cohen, S, Henckel, T, Menzies, G et al 2019, 'Switching cost models as hypothesis tests', Economics Letters, Vol. 175, pp. 32-35.
- McKibbin, W & Henckel, T 2017, 'The economics of infrastructure in a globalized world: Issues, lessons and future challenges', Journal of Infrastructure, Policy and Development, vol. 1, no. 2, pp. 254-271.
- Henckel, T, ed., 2012, Sustaining Development and Growth in East Asia, Routledge, Taylor & Francis Group, UK.
- Henckel, T, Menzies, G, Prokhovnick, N and Zizzo, D, 2011, 'Barro-Gordon revisited: Reputational equilibria with inferential expectations', Economics Letters, vol. 112, no. (2011), pp. 144-147.
- Henckel, T 2010, 'Monopolistic Unions, Brainard Uncertainty, and Optimal Monetary Policy', Oxford Economic Papers, vol. 62, pp. 307-322.
2018 Senior Fellow of Higher Education Academy (SFHEA)
2017 ANU Media & Outreach Award, Op-Ed Writer of the Year, https://theconversation.com/what-economics-has-to-say-about-housing-bubbles-74925 https://twitter.com/ConversationEDU/status/925565567028699137
2009 ANU Media & Outreach Award, Best New Talent for global financial crisis commentary
Chair, The Australian National University’s RBA Shadow Board
Director of Behavioural Macroeconomics and Complexity research program, Centre for Applied Macroeconomic Analysis
Editor, the Economic Record
Examples of media pieces:
Analysts say RBA interest rate cut looking likely tomorrow following coronavirus havoc, News.com.au March 2, 2020.
Housing Bubble Week: A Philosophy of Bubbles, The Jolly Swagman, 19 May 2019,
Can behavioural economics really change habits?, In The Black, 1 April 2018.
RBA seems only sure bet on Cup day, SBS, 6 November 2017.
Four ways an Australian housing bubble could burst, illustrated, ABC News, 1 May 2017.
CBE Award for Teaching Excellence, College of Business and Economics, Australian National University, 2019
Vice Chancellor’s Award for Teaching Excellence, Australian National University, 2020
ECON1102 (Macroeconomics 1)
ECON3102 (Macroeconomics 3)
ECON7074 (Macroeconomic Analysis)
Executive training, including for the Treasury and the Department of Prime Minister & Cabinet