Who is Ian Macfarlane?
Ian John Macfarlane, AC, Australian economist, and Governor of the Reserve Bank of Australia, 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 Oxford University. 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 in 1990, Deputy Governor in 1992 and Governor in 1996.
Macfarlane has been awarded honorary doctorates from five Australian universities: a DSc from Sydney, a DLitt from Macquarie, a DCom from Melbourne, a LLD from Monash and a DSc from New South Wales. He was elected a Fellow of the Academy of Social Sciences of Australia in 1998.
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