Dr Timo Henckel


Research School of Economics

Senior Lecturer
Phone number
+61 2 612 55540
Room 2088, LF Crisp Bld (26)
Research areas

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 LettersOxford 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.

View ORCID profile


Research publications

Research grants and awards

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

Research engagement and outreach

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:

The Conversation

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.


Teaching Awards:

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

Current Teaching:

ECON1102 (Macroeconomics 1)
ECON3102 (Macroeconomics 3)
ECON7074 (Macroeconomic Analysis)

Other Teaching:

Executive training, including for the Treasury and the Department of Prime Minister & Cabinet