Dr Steven Kennedy PSM, FASSA

Dr Steven Kennedy PSM, FASSA



Economics


Applied economics;


2025

Profile

Dr Kennedy holds a PhD and Master of Economics from the Australian National University, and a Bachelor of Economics (First Class Honours) from the University of Sydney. His doctoral work focused on labour market dynamics and health economics, laying the foundation for a career devoted to evidence-based policymaking and institutional reform. His early economic research, combined with a unique background as a trained nurse, fostered a human-centred approach to policy that has shaped his leadership across multiple departments.

Dr Kennedy’s impact on climate change policy is particularly notable. As Deputy Secretary at the Department of Climate Change and Energy Efficiency, and Head of Secretariat for the Garnaut Climate Change Review – Update 2011, he played a pivotal role in developing Australia’s early national climate frameworks. His work helped integrate economic modelling with environmental policy, advancing Australia’s capacity to respond to global climate imperatives. In recognition of his contributions, he was awarded the Public Service Medal in 2016 for outstanding service in climate change policy.

Throughout his tenure in the Australian Public Service, Kennedy has held senior roles across the Departments of the Prime Minister and Cabinet, Industry, Environment, Infrastructure, and Treasury. As Secretary to the Treasury (2019–2025), he was instrumental in shaping Australia’s economic response to the COVID-19 pandemic, including the implementation of the JobKeeper program.

In 2025, Dr Kennedy was appointed Secretary of the Department of the Prime Minister and Cabinet. He has previously served on the Reserve Bank Board, the Council of Financial Regulators, and the Advisory Board of the Melbourne Institute of Applied Economic and Social Research.

Appointments

Awards

Selected Publications

Website