Understanding market mechanisms and determinants of transaction costs to achieve greater efficiency in Australian fixed-income markets. This project will provide information to policymakers and regulators, enabling the evolution of optimal fixed-income markets, with significant benefits for individuals and the national economy. These benefits will be both short-term (current wealth) and long-term (retirement saving). It will promote Australia as the leader in constructing optimal fixed-income ma ....Understanding market mechanisms and determinants of transaction costs to achieve greater efficiency in Australian fixed-income markets. This project will provide information to policymakers and regulators, enabling the evolution of optimal fixed-income markets, with significant benefits for individuals and the national economy. These benefits will be both short-term (current wealth) and long-term (retirement saving). It will promote Australia as the leader in constructing optimal fixed-income markets, which can be applied to similar markets around the world. Finally, training research students will develop research infrastructure in Australia, and contribute to produce a generation of specialists who will increase Australia's international standing in financial research and its ability to manage an increasingly complex economy.Read moreRead less
Understanding market mechanisms to achieve greater efficiency in the Australian residential real-estate market. This project will provide information to policy-makers, vendors and purchasers, enabling the evolution of an optimal real-estate market, with significant benefits for individuals and the national economy. These benefits will be both short-term (current wealth) and long-term (retirement saving). It will promote Australia as the leader in constructing optimal, efficient real-estate marke ....Understanding market mechanisms to achieve greater efficiency in the Australian residential real-estate market. This project will provide information to policy-makers, vendors and purchasers, enabling the evolution of an optimal real-estate market, with significant benefits for individuals and the national economy. These benefits will be both short-term (current wealth) and long-term (retirement saving). It will promote Australia as the leader in constructing optimal, efficient real-estate markets, which can be applied to similar real-estate markets around the world. Finally, training a research student will develop research infrastructure in Australia, and be a contribution to producing a generation of specialists who will add to Australia's international standing in financial research and its ability to manage an increasingly complex economy.Read moreRead less
Modelling non-linear price dynamics of primary commodities that are affected by seasonality, significant storage costs, and slow adjustment. Australia's economy relies substantially on exports of commodities. However, recent volatility of commodity prices has created tremendous uncertainties for traders, producers and consumers of those commodities. This adversely affects our national economy through the disruption of agricultural and mining production, and also more broadly impacts on investmen ....Modelling non-linear price dynamics of primary commodities that are affected by seasonality, significant storage costs, and slow adjustment. Australia's economy relies substantially on exports of commodities. However, recent volatility of commodity prices has created tremendous uncertainties for traders, producers and consumers of those commodities. This adversely affects our national economy through the disruption of agricultural and mining production, and also more broadly impacts on investment, employment and gross domestic income. This research will model more accurately the complex dynamics of primary commodity prices and their inter-market linkages, which will allow traders, producers and consumers to better forecast commodity price movements and protect themselves through inventory management, hedging and long-run production planning.Read moreRead less