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Professor - Department of Economics, Macquarie University

Jeffrey Sheen is a Professor of Economics at Macquarie University. He has been on the faculty of the Universities of Manchester, Essex and Sydney, and has had a visiting appointment at the Reserve Bank of Australia. He has published his research in major international journals, and his interests span international economics, macroeconomics, labour and international finance. He obtained his PhD at the London School of Economics.

Most of his recent research has been in empirical international finance and in macroeconometrics. He is a recognized expert in the analysis of the determinants of foreign exchange intervention, and has published a number of papers on interventions by the Reserve Bank of Australia, the Bank of Japan and the Fed. He has recently published papers in highly ranked journals on the following topics: intranational purchasing power parity, a state-disaggregated macro model of Australian labour markets, consumption risk-sharing within Australia and with New Zealand, non-linear Taylor rules for Australian monetary policy, state space models to estimate potential output and its normal growth rate, the natural rate of unemployment and interest, cyclical drivers of Australian labour market flows, dynamic factor models of business cycle linkages to financial markets, and the implications of animal spirits expectations for monetary policy design. In 2008-10, his research was funded by a large Discovery grant awarded by the Australian Research Council.

His Macroeconomics textbook written with Olivier Blanchard is widely used in Australia, and its third edition, which appeared in 2009, has the dominant share in its market. He is the managing Editor of the Economic Record, a member of the Central Council of the Economic Society of Australia and is on the editorial board of the Review of Development Finance. He is a member of the Methods in International Finance Network, hosted at the University of Maastricht, which includes members from Europe, North America and China.


  • –present
    Co-Director, Centre for Financial Risk


    Cape Town, BBusSc Cape Town
    Essex , Masters, Economics
    London, PhD