Ian Macfarlane (economist)
| Ian Macfarlane | |
|---|---|
| 6th Governor of the Reserve Bank of Australia | |
|
In office September 1996 – 17 September 2006 |
|
| Preceded by | Bernie Fraser |
| Succeeded by | Glenn Stevens |
| Personal details | |
| Born | 22 June 1946 |
| Nationality | Australian |
| Alma mater | B.Ec. (Hons), M.Ec., Monash University D.Sc.Ec. (Honoris Causa), University of Sydney, D.Litt. (Honoris Causa), Maquarie University D.Com. (Honoris Causa), University of Melbourne,LL.D (Honoris Causa), Monash University D.Sc. (Honoris Causa), University of New South Wales |
| Profession | Economist |
Ian John Macfarlane, AC (born 22 June 1946), Australian economist, and Governor of the Reserve Bank of Australia (RBA), Australia's central bank, from 1996 to 17 September 2006. He is also former Chairman of the Payments System Board of the Reserve Bank and Chairman of the Council of Financial Regulators.
Macfarlane was educated at Monash University, Melbourne, from which he received the Bachelor of Economics degree with honours in 1968, and the Master of Economics degree in 1971. He tutored in economics there before joining the RBA in 1970. From 1971–72 he worked at the Institute of Economics and Statistics at the University of Oxford. Following this, he then moved to the Organization for Economic Co-operation and Development in Paris, where he served until 1978, before returning to the RBA. He became head of the bank's Research Department in 1988, Assistant Governor (Economic) in 1990, Deputy Governor in 1992 and Governor in 1996.
Macfarlane has been awarded honorary doctorates from five Australian universities: a DSc from the University of Sydney, a DLitt from Macquarie University, a DCom from the University of Melbourne, a LLD from Monash and a DSc from the University of New South Wales. He was elected a Fellow of the Academy of the Social Sciences in Australia in 1998.
In January 2004 Macfarlane was awarded Australia's highest honour, Companion in the General Division of the Order of Australia (AC). He was honoured "for service to the stabilisation of the Australian financial system, to central banking, and to the operation of monetary and economic policy in both domestic and international spheres".
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