Stephen Anthony, CIMA®

Stephen Anthony is the Head of Macro Research at Macroeconomics Advisory and specialises in portfolio allocation and strategy briefing inputs for wholesale market participants. He is an applied econometrician/modeller with a strong track record of analysing and forecasting the Australian economy and global markets, and is considered something of a monetary and fiscal policy specialist.

Stephen is an experienced economic forecaster. He contributes to many forecasting panels including those at Bloomberg, the Reserve Bank of Australia, The Australian Financial Review, and The Conversation. He is a four-time winner of The Age / Sydney Morning Herald BusinessDay Economic Survey (2013, 2015, 2016 and 2018). He correctly predicted that Australia would most likely enter recession in February 2020 in the Scope Survey run by The Age / SMH. He correctly predicted the exact course of interest rate hikes in January 2023 while many major institutions had rates barely moving. At the same time he argued that Australia would avoid a recession and marked slowdown in 2023.

RBA interest rate pause on the cards, The Australian Financial Review

Most economists do not expect the RBA to cut rates in 2023, The Australian Financial Review

Australia tipped to avoid recession this year but it will still feel like one for many, The Sydney Morning Herald

Over the past three decades, Stephen has worked in the Federal Treasury and Department of Finance, the International Monetary Fund, and in the private sector providing advice on macroeconomic policy, taxation reform, and budget analysis. Stephen was the lead economic analyst and advisor to the Australian Capital Territory’s Taxation Review and was Chief Economist at Industry Super Australia for almost six years.

Stephen is a Senior Adviser at the Monash Centre for Financial Studies and is an Adjunct Professor in the Faculty of Business, Government and Law at the University of Canberra attached to the National Centre for Social and Economic Modelling. He is a member of the New South Wales Community Housing Industry Council (CHIC) and a foundation member of the Melbourne Economic Forum.

Stephen holds a first-class honours degree in economics from La Trobe University in Melbourne, a Masters in Public Policy from Georgetown University in Washington DC, and a PhD in Economics from La Trobe University.

Alex Coram

Alex is Head of Energy Modelling at Macroeconomics Advisory and Professor (Emeritus) at the University of Western Australia. He was previously Winthrop Professor of politics at the University of Western Australia, professor of economics at the Aberdeen Business School and the Helen Sheridan chair in economics at the University of Massachusetts. He taught mathematical game theory in the European Union Summer School and has been a visiting professor of economics at the University of Massachusetts for many years.

Alex has worked on a range of problems for industry and government. These include framing emissions problems for the aviation industry; designing  dynamic graphical interfaces for estimating changes in travel demand in response to changes in transport linkages; and estimating world demand for exotic nuclear fuels. Alex has worked on the mathematics of energy problems, and has also worked on the the mathematics of valuing water in large complicated river systems. He has consulted for law firms on problems of contracting and given lectures and seminars on applications of game theory.

Alex is currently working on energy problems and writing a book on the mathematical characteristics of large complex political and economic systems. He has published two books and approximately 50 papers.