The Consistency of Price Regulation of Infrastructure Businesses across Australian Jurisdictions. The spread of regulation across the majority of the economy necessitates that regulatory policy should be consistent across jurisdictions and industries. This project would offer policy and regulatory institutions quantitative analysis of the consistency of regulatory decisions across Australia. This research would develop a new database that would maintain and supply details on regulatory decision ....The Consistency of Price Regulation of Infrastructure Businesses across Australian Jurisdictions. The spread of regulation across the majority of the economy necessitates that regulatory policy should be consistent across jurisdictions and industries. This project would offer policy and regulatory institutions quantitative analysis of the consistency of regulatory decisions across Australia. This research would develop a new database that would maintain and supply details on regulatory decisions across jurisdictions and industries. This project would enable the new Australian Centre of Regulatory Economics (ACORE) to supply independent database and quantitative analysis from an open, fully documented, scholarly environment to Australia's policy and regulatory agencies and its regulated firms.Read moreRead less
Economy-wide consequences of regulation and privatisation policy regimes. The spread of regulation across the majority of the economy necessitates that regulatory policy and approaches account for affects on GDP, employment, innovation and the growth rate. This project will offer policy institutions, including the ACCC, the Productivity Commission and the Treasury, an analysis of these effects and develop new computer models suited to future use to explore economy-wide implications. This need ....Economy-wide consequences of regulation and privatisation policy regimes. The spread of regulation across the majority of the economy necessitates that regulatory policy and approaches account for affects on GDP, employment, innovation and the growth rate. This project will offer policy institutions, including the ACCC, the Productivity Commission and the Treasury, an analysis of these effects and develop new computer models suited to future use to explore economy-wide implications. This need arises even in sectoral regulatory agencies, however, most particularly where service industries, such as telecommunications, are dominated by one or a few firms whose performance has major effects on the costs and innovativeness of firms in other sectors.Read moreRead less
Regional Dimensions: New Models for Analysis of the Spatial Effects of Policy, Socio-Demographic and Economic Changes. This project aims to substantially improve the decision-support tools available to State and Territory governments by providing them with, first, far more detailed small area data than has previously been available, via the creation of a synthetic small area household database and, second, with the capacity to assess the current and future impact of possible policy reforms and l ....Regional Dimensions: New Models for Analysis of the Spatial Effects of Policy, Socio-Demographic and Economic Changes. This project aims to substantially improve the decision-support tools available to State and Territory governments by providing them with, first, far more detailed small area data than has previously been available, via the creation of a synthetic small area household database and, second, with the capacity to assess the current and future impact of possible policy reforms and likely social, demographic and economic changes at the small area level, through the construction of microsimulation models on top of the synthetic household data.Read moreRead less
Economic Growth and Real Exchange Rates. Exchange rate movements are important elements of Australia's economic environment. Protectionist interests in the US and Europe, constrained by WTO trade rules, accuse East Asian economies of deliberate undervaluation. While exchange rate movements are not readily predictable in the short run, long run changes in underlying real exchange rates are amenable to economic analysis using structural models. The clearer understanding of these forces, toward ....Economic Growth and Real Exchange Rates. Exchange rate movements are important elements of Australia's economic environment. Protectionist interests in the US and Europe, constrained by WTO trade rules, accuse East Asian economies of deliberate undervaluation. While exchange rate movements are not readily predictable in the short run, long run changes in underlying real exchange rates are amenable to economic analysis using structural models. The clearer understanding of these forces, toward which this project is directed, will better guide investment in the region, including in Australia, and more importantly, it will better inform future policy debates surrounding currency movements.Read moreRead less
Economic consequences for Australia of global demographic change. In addition to addressing the economic implications of declining fertility and mortality in Australia this study will analyse major changes in demographic behaviour in regions on which Australia's economic health depends and the consequent changes in the flow of migrants into Australia. A new mathematical model of global population change will be integrated into the standard GTAP-dynamic model of global economic performance to pr ....Economic consequences for Australia of global demographic change. In addition to addressing the economic implications of declining fertility and mortality in Australia this study will analyse major changes in demographic behaviour in regions on which Australia's economic health depends and the consequent changes in the flow of migrants into Australia. A new mathematical model of global population change will be integrated into the standard GTAP-dynamic model of global economic performance to provide a useful tool for future analysis of Australia's population and economic policies. The analysis will contribute to policy development and the models will be widely available to policy institutions for their use.Read moreRead less
Helping Central Banks Measure Unobserved Variables Using Real-time Forecasts. The project addresses structural measurement problems confronted routinely by central bankers. The techniques developed, and the estimates provided, will aid directly the Partner Organisations (the Reserve Bank of Australia, the Reserve Bank of New Zealand and Norges Bank) and other central banks in formulating monetary policy. The analysis will allow interest rates in Australia and elsewhere to be set with greater pre ....Helping Central Banks Measure Unobserved Variables Using Real-time Forecasts. The project addresses structural measurement problems confronted routinely by central bankers. The techniques developed, and the estimates provided, will aid directly the Partner Organisations (the Reserve Bank of Australia, the Reserve Bank of New Zealand and Norges Bank) and other central banks in formulating monetary policy. The analysis will allow interest rates in Australia and elsewhere to be set with greater precision. The techniques developed in this project will facilitate the understanding and communication of monetary policy within the central banks concerned, and enhance communication of monetary policy strategy to the public.Read moreRead less
Climate Change Projections and Policy Design Under Uncertainty. The issue of climate change and policy responses is one of the most important questions facing the world today. This research develops a global framework for understanding the many complexities surrounding this issue, for undertaking projections of emissions, for evaluating alternative policy proposals and for developing new policies. In particular it will provide a framework for undertaking alternative scenarios about future econom ....Climate Change Projections and Policy Design Under Uncertainty. The issue of climate change and policy responses is one of the most important questions facing the world today. This research develops a global framework for understanding the many complexities surrounding this issue, for undertaking projections of emissions, for evaluating alternative policy proposals and for developing new policies. In particular it will provide a framework for undertaking alternative scenarios about future economic growth and carbon emissions and attempt to quantify uncertainties. It will also focus on major developing countries such as China and India which will be critical in the future evolution of world economic activity and greenhouse emissions.Read moreRead less
International linkages between financial and real economy cycles. This project will develop empirical multivariate models of business cycles for different countries, and will study how they are linked via international financial markets. The significance of the project is that the models will integrate previous work done on financial-real economy links in single country settings, and it will explicitly study the effects of disequilibrium in international financial markets (such as overvaluation ....International linkages between financial and real economy cycles. This project will develop empirical multivariate models of business cycles for different countries, and will study how they are linked via international financial markets. The significance of the project is that the models will integrate previous work done on financial-real economy links in single country settings, and it will explicitly study the effects of disequilibrium in international financial markets (such as overvaluation of foreign currency) on individual economies. The project will determine the appropriate domestic monetary policy response to such shocks, and the potential for forecasting both the advent of such shocks and their impact on individual economies.Read moreRead less
Developing a responsive regulatory system for Australia's small corporations. Small corporations employ approximately 50% of Australia's 10.5 million employed persons (ABS: Nov 2007). Promoting and maintaining small corporations is vital to the health of the Australian economy and the well being of society. This research will strengthen Australia's social and economic fabric by identifying, in consultation with regulators, industry leaders, government, the ideal regulatory environment for Aust ....Developing a responsive regulatory system for Australia's small corporations. Small corporations employ approximately 50% of Australia's 10.5 million employed persons (ABS: Nov 2007). Promoting and maintaining small corporations is vital to the health of the Australian economy and the well being of society. This research will strengthen Australia's social and economic fabric by identifying, in consultation with regulators, industry leaders, government, the ideal regulatory environment for Australia's small corporations. A responsive regulatory framework will enable small corporations to conduct business more efficiently and profitably allowing for and creating structures and processes for encouraging and managing innovation creativity in this vital sector.Read moreRead less
Inventories and the Business Cycle in Australia and the U.S. The project looks at the contribution that inventories make to business cycles in Australia and the U.S. It uses recent research by the chief investigator on measuring business cycles in order to explain how the presence of inventories in an economic system might influence activity in that system. It then adapts an existing model in the literature to quantify the role of inventories in the Australian and U.S business cycles.. It seeks ....Inventories and the Business Cycle in Australia and the U.S. The project looks at the contribution that inventories make to business cycles in Australia and the U.S. It uses recent research by the chief investigator on measuring business cycles in order to explain how the presence of inventories in an economic system might influence activity in that system. It then adapts an existing model in the literature to quantify the role of inventories in the Australian and U.S business cycles.. It seeks to answer a number of questions that have arisen in recent years over whether the business cycle is becoming longer owing to improved methods of inventory controlRead moreRead less