The Reserve Bank Review suggests a member mix on its proposed monetary policy board

“It is expected that members could include business leaders or others with relevant expertise alongside academic and professional economists,” suggest authors Gordon de Brouwer (Commonwealth Government secretary for public sector reform) Renée Fry-McKibbin (ANU) and Carolyn Wilkins (ex Bank of Canada)

Heaven forfend anyone think it wants “a purely academic monetary policy board,” “although it would very likely mean more academic expertise than is currently on the Reserve Bank Board. The Review interprets expertise and diversity of perspectives broadly.” (124)

However, the board “should contain more members with deep formal expertise on economic and financial system matters.” (130)