Understanding the Behaviour and Impact of Bond Markets. An improved understanding of the way in which the timing of transactions on financial markets interact enables better choices to be made in terms of designing market systems and conventions. The US Treasury market is arguably the most important market in the world, and uses an expandable limit order book. Better understanding of this market will help in choices about new system design, and in how news transmitted through this market may im ....Understanding the Behaviour and Impact of Bond Markets. An improved understanding of the way in which the timing of transactions on financial markets interact enables better choices to be made in terms of designing market systems and conventions. The US Treasury market is arguably the most important market in the world, and uses an expandable limit order book. Better understanding of this market will help in choices about new system design, and in how news transmitted through this market may impact on other markets. In particular this project will consider the role of the microstructure of the US Treasury market in the 2007-2008 financial crisis.Read moreRead less
Special Research Initiatives - Grant ID: SR0354740
Funder
Australian Research Council
Funding Amount
$10,000.00
Summary
CaGaWaLo: regulation of carbon gain and water loss by woody vegetation. Trees and shrubs are widely perceived as central to solving problems of national and international significance. Seed funding is sought to facilitate establishment of a research network focused on their ability to sequester carbon and transmit water to the atmosphere. The proposed network is broadly based in plant physiology and ecology and contains a strong cross-section of leading international expertise in relevant sub- ....CaGaWaLo: regulation of carbon gain and water loss by woody vegetation. Trees and shrubs are widely perceived as central to solving problems of national and international significance. Seed funding is sought to facilitate establishment of a research network focused on their ability to sequester carbon and transmit water to the atmosphere. The proposed network is broadly based in plant physiology and ecology and contains a strong cross-section of leading international expertise in relevant sub-disciplines. By leveraging the huge pool of international expertise and focusing on a range of scales (from molecular to biosphere scales), this network will yield new ideas and approaches that will produce outputs and outcomes of national significance.Read moreRead less
Cellular automata model of forest stands to predict size-class distribution and survival. Existing forest growth models predict well stand level processes such as growth. However, they provide little information on forest structure and how this affects commercial forest products, risks of growing plantations and stand dynamics that determine carbon sequestration and water-use and result in age-related decline in productivity and self-thinning. By using newly developed technology to quantify in ....Cellular automata model of forest stands to predict size-class distribution and survival. Existing forest growth models predict well stand level processes such as growth. However, they provide little information on forest structure and how this affects commercial forest products, risks of growing plantations and stand dynamics that determine carbon sequestration and water-use and result in age-related decline in productivity and self-thinning. By using newly developed technology to quantify inter-tree competition, tree level resource supply, between tree genetic differences and the importance of chance events this project will draw on complexity theory to develop an innovative model that partitions stand level production to forecast the growth and size of individual trees.Read moreRead less
Understanding the impact of global environmental change on Australian forests and woodlands using rainforest boundaries and Callitris growth as bio-indicators. Human-caused climate change is a fact but the ecological responses are uncertain. These could include accelerated tree growth, expansion of rainforest, and thickening of woodlands, although cessation of Aboriginal firing may be equally important. We will provide a historical context to understand how and why Australian forests have change ....Understanding the impact of global environmental change on Australian forests and woodlands using rainforest boundaries and Callitris growth as bio-indicators. Human-caused climate change is a fact but the ecological responses are uncertain. These could include accelerated tree growth, expansion of rainforest, and thickening of woodlands, although cessation of Aboriginal firing may be equally important. We will provide a historical context to understand how and why Australian forests have changed. Our results will inform management and policy debates about (i) rainforest conservation (ii) the role of fire in forest management (iii) the likely impact of increased CO2 ('fertiliser effect') of forest productivity (iv) national carbon accounting and (v) the consequences of climate change on forest ecosystems, particularly the respective wetting and drying trends in the north and south of Australia.Read moreRead less
Enabling social innovation for local climate adaptability. Climate variability and change is likely to be felt most acutely at the local scale in Australia. This is where inter/national and State policies are translated into practices to prepare for, and adapt to, anticipated impacts of heatwaves, bushfires and floods. This project will investigate tensions and potentialities between risk-based assessments by local governance agencies and innovations by local groups and Non-Government Organisati ....Enabling social innovation for local climate adaptability. Climate variability and change is likely to be felt most acutely at the local scale in Australia. This is where inter/national and State policies are translated into practices to prepare for, and adapt to, anticipated impacts of heatwaves, bushfires and floods. This project will investigate tensions and potentialities between risk-based assessments by local governance agencies and innovations by local groups and Non-Government Organisations. The research will utilise an innovative mixed-methods approach to investigate and to analyse the strategies and experiments of adaptation practices. It aims to develop new ways of identifying and implementing practical, local, adaptive responses that are contextually relevant, socially innovative and capacity building.Read moreRead less
The future of forests under climatic stress. This project aims to measure the vulnerability of forest trees to more extreme drought as global temperatures inevitably rise. Australian forests face the immediate threat of increased mortality associated with intensifying drought stress in the future. Understanding the magnitude of this threat is of the utmost urgency. This project aims to predict future mortality of forest communities in Australia and worldwide using recent breakthroughs enabling t ....The future of forests under climatic stress. This project aims to measure the vulnerability of forest trees to more extreme drought as global temperatures inevitably rise. Australian forests face the immediate threat of increased mortality associated with intensifying drought stress in the future. Understanding the magnitude of this threat is of the utmost urgency. This project aims to predict future mortality of forest communities in Australia and worldwide using recent breakthroughs enabling the rapid quantification of lethal stress in trees. This new understanding will provide a basis upon which to make far-reaching decisions about land management, conservation and restoration.Read moreRead less
Managing for persistence of the saproxylic biota in production forest landscapes. The pattern of 'fragmentation' and 'matrix alteration' being examined in this study mirrors not just other areas of Tasmania but also much of south-eastern Australia. The research addresses a conservation biology issue in a new and novel way and has been developed with, and is supported by an industry partner working in multiple-use forest management, so the research provides both immediate applied and strategic o ....Managing for persistence of the saproxylic biota in production forest landscapes. The pattern of 'fragmentation' and 'matrix alteration' being examined in this study mirrors not just other areas of Tasmania but also much of south-eastern Australia. The research addresses a conservation biology issue in a new and novel way and has been developed with, and is supported by an industry partner working in multiple-use forest management, so the research provides both immediate applied and strategic outcomes. These outcomes directly relate to forest sustainability especially the management of the biodiverse dead wood habitat including the harvesting of fuelwood.Read moreRead less
Change Detection in Causal Relationships and Measurement of Systemic Risk. Empirical measures of interconnectedness between financial institutions based on tests of Granger causality are currently used in detecting systemic risk. However, researchers need to define periods of calm and stress exogenously in order to implement these tests appropriately. This project aims to develop a new procedure to identify changes in causal relationships and the timing of these changes. The new approach has the ....Change Detection in Causal Relationships and Measurement of Systemic Risk. Empirical measures of interconnectedness between financial institutions based on tests of Granger causality are currently used in detecting systemic risk. However, researchers need to define periods of calm and stress exogenously in order to implement these tests appropriately. This project aims to develop a new procedure to identify changes in causal relationships and the timing of these changes. The new approach has the potential to be a significant improvement in the real-time identification of emerging turmoil in financial markets and provide an improved method for the detection of systemic risk. The new test procedure will be implemented using data for financial and non-financial institutions across Europe, the US and Australia.Read moreRead less
Bridging the land–sea divide to ensure food security under climate change. This project aims to comprehensively evaluate ocean-based food solutions to meet food security needs under climate change. It will resolve a critical blind spot in current plans that isolate land and sea food systems and neglect their interdependencies. Combining global models and data, it will assess the constraints of ocean-based food solutions by anticipating and accounting for land-sea links including: agricultural ru ....Bridging the land–sea divide to ensure food security under climate change. This project aims to comprehensively evaluate ocean-based food solutions to meet food security needs under climate change. It will resolve a critical blind spot in current plans that isolate land and sea food systems and neglect their interdependencies. Combining global models and data, it will assess the constraints of ocean-based food solutions by anticipating and accounting for land-sea links including: agricultural runoff, shared feed resources for farmed animals, and trade-offs for biodiversity and climate mitigation. It will deliver a major leap in our capacity to undertake holistic ecosystem assessment of future food production pathways. Benefits will include integrated food–biodiversity–climate policies for Australia and the world.Read moreRead less
Detecting financial contagion using high frequency data. Financial crises spread extraordinarily quickly. However, existing tools for measuring this spread use relatively low frequency data. This project develops tools for measuring and detecting periods of stress and the effects of financial contagion in financial markets, using high frequency data based on recorded transaction prices.