Professor Gary Banks

photo of Gary Banks
  • Category: Faculty
  • Job Title: Professorial Fellow
  • Organisation: Melbourne Institute of Applied Economic and Social Research
  • Suburb/Town: Melbourne
  • Country: Australia
  • Phone: +61 3 8344 1977
  • Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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Areas of expertise

  • Economics and finance
  • Public policy
  • Public leadership
  • Regulation


Professor Gary Banks AO was Chief Executive and Dean of ANZSOG until January 2017. He holds degrees in economics from Monash University and the Australian National University.

Prof Banks was Chairman of the Productivity Commission from its inception in 1998 until 2013. He has headed national inquiries on a variety of significant public policy and regulatory topics. For many years, he chaired the COAG Steering Committee for the Review of Government Services, and was the Convenor for the Review's Working Group on Indigenous Disadvantage. For several years, he also had responsibility for overseeing the Commonwealth’s regulation-making processes through the Office of Regulation Review. In 1997-98 he was a member of the Commonwealth’s Committee of Review of Higher Education Financing and Policy. In 2006, he headed the ‘Regulation Taskforce’ for the Prime Minister and Treasurer, and in 2013 he was appointed to the Prime Minister’s Business Advisory Council.

Gary is a Professorial Fellow at the Melbourne Institute of Applied Economic and Social Research within Melbourne University, where he is also a member of the Advisory Board. He is also an Adjunct Professor at the Australian National University (ANU), where he is a Public Policy Fellow.

Gary has chaired the Regulatory Policy Committee of the OECD since early 2012. In earlier years, he worked at the Centre for International Economics, Canberra, and has been a consultant to the OECD, World Bank and WTO. He was previously a Senior Economist with the GATT Secretariat in Geneva, and Visiting Fellow at the Trade Policy Research Centre, London.

Gary became a Fellow of the Institute of Public Administration Australia in 2001 and a National Fellow in 2008. He was elected to the ANU Economics Department’s ‘Hall of Fame’ in 2002 and received the Chancellor’s Medal in 2004. In 2010 he was elected Fellow of the Academy of Social Sciences in Australia. He was also awarded an inaugural Monash University Fellowship. In 2013 he was made an Alan McGregor Fellow of the Centre for Independent Studies. In 2012, his last year at the Productivity Commission, he was included by the Australian Financial Review as one of 25 ‘true leaders’ and in The Australian newspaper’s top 50 politically influential Australians. In July 2014 he was awarded the Economic Society's inaugural Distinguished Public Policy Fellow Award. Gary received the Centenary Medal in 2003, and in 2007 was made an Officer of the Order of Australia for ‘services to the development of public policy in microeconomic reform and regulation’.

Selected publications

  • Banks, G. (2016) Could academic research be more policy influential? Public Administration Review, 76(1): 33-34.
  • Banks, G. (2015) Institutions to promote pro-productivity policies: Logic and lessons. OECD Productivity Working Papers, No. 01, OECD Publishing. Access here.
  • Banks, G. (2014) The Governance of Public Policy: Lectures in Honour of Eminent Australians. ANZSOG, Melbourne. Available for pdf download (391 KB) and in hard copy on This email address is being protected from spambots. You need JavaScript enabled to view it..
  • Banks, G. (2014) Public Inquiries, Public Policy and the Public Interest. In H. Tracey and S. Prasser (eds), Royal Commissions and Public Inquiries: Practice and Potential. Melbourne: Connor Court Publications.
  • Banks. G. (2014) Restoring Trust in Public Policy: What Role for the Public Service. Australian Journal of Public Administration, 73(1): 1-13.
  • Banks, G. (2013) Return of the Rent-Seeking Society? Economic Papers 32(4): 405-416.
  • Banks, G. (2013) Innovation in the Public Sector: Challenges, Opportunities and Risks. Public Sector Journal, The Institute of Public Administration New Zealand, 36(2): 6-8.
  • Banks, G. (2012) Advancing the Reform Agenda: Selected Speeches. Canberra: Productivity Commission.
  • Banks, G. (2012) Competition Policy’s Regulatory Innovations: quo vadis? Canberra: Productivity Commission.
  • Banks, G. (2012) Independent Policy Advice and the Productivity Commission, Australian Institute of Administrative Law (AIAL) Forum No 69, July.
  • Banks, G. (2011) Economics, Economists and Public Policy in Australia. Agenda, 18(3): 21-29.
  • Banks, G. (2011) Successful Reform: Past Lessons, Future Challenges. Canberra: Productivity Commission.
  • Banks, G. (2011) Editorial. International Gambling Studies, 11(1): 3-6.
  • Banks, G. (2010) Advancing Australia’s ‘Human Capital Agenda'. Public Administration Today, 23: 12-22.
  • Banks, G. (2010) An Economy-wide view: Speeches on structural reform. Melbourne: Productivity Commission.
  • Banks, G. and Wonder, B. (2010) The policy determinants of structural reform in Australia. In P. Dee (ed.), Institutions for Economic Reform in Asia. Oxon: Routledge.