MEDIA RELEASE No: 98-07 Date: 26 May 1998 Embargo: For Immediate Release

SENIOR APPOINTMENT

The Reserve Bank today announced the appointment of Dr David Gruen as Head of Economic Research Department, one of two Departments in the Bank's Economic Group. There were applicants from both inside and outside the Bank for this position, which became vacant as a result of the transfer of Dr Philip Lowe to the new System Stability Department.

Dr Gruen began his career in science, earning a degree with First Class Honours from Monash University and a PhD in science from Cambridge University. In the mid 1980s he switched to economics, and earned a PhD in economics from ANU. He joined the Bank in 1989, and has held several senior positions in Economic Group. Since 1995, he has been Chief Economist in Economic Analysis Department. He has an extensive record of publication on Australian macroeconomic policy issues, and now takes responsibility for the Bank's longer term economic research.

Enquiries:
Manager, Information Office
Reserve Bank of Australia
SYDNEY
(02) 9551 9720