Ronald MacDonald

Ronald MacDonald is Research Professor of Macroeconomics and International Finance (Economics) at Adam Smith Business School at the University of Glasgow. From 1992 to 2004 he was Professor of International Finance at the University of Strathclyde, and from 1989-91 held the Robert Fleming Chair in Finance and Investment, at the University of Dundee.

Ronald has acted as a consultant to a large number of governments and public agencies, including the European Commission, General Secretariat for Development Planning, Qatar, the European Central Bank, the Monetary Authority of Singapore, the Reserve Bank of New Zealand, the National Audit office and the World Bank, and has also been a visiting scholar to the Deutsche Bundesbank, the Austrian Central Bank, and the Norwegian Central Bank. Additionally, he has been a visiting Scholar and Consultant to the Research Department of the IMF on 13 separate occasions, Visiting Economist to the African department of the IMF and appointed a Monetary Advisor to the IMF in 2012. He has also been a consultant to a number of private sector institutions, including Royal Bank of Scotland, Credit Suisse First Boston, Gartmore and Deutsche Morgan Grenfell.

Ronald’s research interests span a range of topics in macroeconomics (that is, optimal monetary policy and the monetary transmission process; the role of FDIs, exchange rate misalignment, capital flows and corruption on economic growth; the sustainability of fiscal policy), international finance (that is, the determination of exchange rates and exchange rate forecasting; equilibrium exchange rate issues) and finance (i.e. the determination of stock and bond prices and the term structure of interest rates) and he has published over 150 refereed journal articles and authored or edited over 18 books and Google scholar lists over 350 written pieces in total.