Distorted Beliefs and Asset Price Disconnect Puzzles. Asset price booms and busts have broad ranging implications for households. Despite this, models used for policy analysis struggle to explain asset prices and their implications for the macroeconomy. This project will deliver frontier macro-finance research to inform academics and policymakers on how to model asset price booms and busts, to explain why equity and house price falls appear to have small versus large effects, and how to design e ....Distorted Beliefs and Asset Price Disconnect Puzzles. Asset price booms and busts have broad ranging implications for households. Despite this, models used for policy analysis struggle to explain asset prices and their implications for the macroeconomy. This project will deliver frontier macro-finance research to inform academics and policymakers on how to model asset price booms and busts, to explain why equity and house price falls appear to have small versus large effects, and how to design effective policy responses. Led by internationally recognized experts in macroeconomics, this research proposal is perfectly positioned to deliver scientific peer-reviewed research and embed outcomes through evidenced partnerships with the Reserve Bank of Australia and the Federal Department of Treasury.Read moreRead less
Australia's Resilience to Recession. This project aims to study why Australia differs from its OECD peers in that it has not had a recession for 27 years. It intends to generate knowledge by using economic models to solve 3 puzzles relating to Australia’s success: (i) why did foreign financial market shocks not spill over to the economy?; (ii) how has the resource curse that affects economies with a booming resource sector been avoided?; and (iii) what makes Australia special? Expected outcomes ....Australia's Resilience to Recession. This project aims to study why Australia differs from its OECD peers in that it has not had a recession for 27 years. It intends to generate knowledge by using economic models to solve 3 puzzles relating to Australia’s success: (i) why did foreign financial market shocks not spill over to the economy?; (ii) how has the resource curse that affects economies with a booming resource sector been avoided?; and (iii) what makes Australia special? Expected outcomes include the development of theoretical and empirical models that reflect the unique features of the Australian economy. This should provide significant benefits, including guidance to Australian and international policymakers on macroeconomic policies for resource-rich countries.Read moreRead less
Monetary policy, redistribution and endogenous asset market incompleteness. This project aims to provide a new framework for modelling agent heterogeneity and for evaluating the effects of monetary policy on aggregate welfare and wealth distribution over the business cycle. This project will focus on monetary policy, using new quantitative theories with new efficient computational methods, to understand and quantify links between monetary policy the dynamics of aggregate outcomes (such as inflat ....Monetary policy, redistribution and endogenous asset market incompleteness. This project aims to provide a new framework for modelling agent heterogeneity and for evaluating the effects of monetary policy on aggregate welfare and wealth distribution over the business cycle. This project will focus on monetary policy, using new quantitative theories with new efficient computational methods, to understand and quantify links between monetary policy the dynamics of aggregate outcomes (such as inflation or employment), and the distribution of individual wealth (such as money, capital and housing).Read moreRead less
Sustainable recovery of gas hydrate using carbondioxide. This project aims to develop a gas exchange method to sustainably extract methane from gas hydrates – an abundant and far cleaner energy than coal – while simultaneously sequestering carbon dioxide in its place. This project expects to overcome existing methods’ risk of contaminating the ocean and killing sea life with methane gas. Expected outcomes of this project include a framework of the mechanics of gas hydrates during gas exchange; e ....Sustainable recovery of gas hydrate using carbondioxide. This project aims to develop a gas exchange method to sustainably extract methane from gas hydrates – an abundant and far cleaner energy than coal – while simultaneously sequestering carbon dioxide in its place. This project expects to overcome existing methods’ risk of contaminating the ocean and killing sea life with methane gas. Expected outcomes of this project include a framework of the mechanics of gas hydrates during gas exchange; experimental exploration of the new method; and strategies for efficient gas recovery. This should provide significant benefits in that swapping waste carbon dioxide for an ample low-carbon energy source caters to ever-growing global energy demands while still reducing greenhouse emissions.Read moreRead less
Next generation gas separations via innovative adsorption technologies. This project aims to develop new gas separation technologies that combine novel materials and pressure swing adsorption cycles to deliver inexpensive industrial processes capable of both high recovery and high purity products. The project will advance our ability to manipulate the phenomenon of regulated guest admission into microporous materials, and integrate such materials within new types of dual-reflux adsorption cycles ....Next generation gas separations via innovative adsorption technologies. This project aims to develop new gas separation technologies that combine novel materials and pressure swing adsorption cycles to deliver inexpensive industrial processes capable of both high recovery and high purity products. The project will advance our ability to manipulate the phenomenon of regulated guest admission into microporous materials, and integrate such materials within new types of dual-reflux adsorption cycles that deliver multiple refined gas products. Successful implementation of these industrial developments will increase Australia's access to cheap supplies of natural gas, encourage the broader use of biomass, lower the carbon emissions of industrial processes, and efficiently recover high-value compounds only present at trace concentrations.Read moreRead less
Crusty Seabeds: From (Bio-)Genesis To Reliable Offshore Design. The project aims to make deep water oil and gas developments safer and cheaper by understanding better the unique seabed ‘crust’ conditions that occur in Australian waters. By studying the biogenic, structural and mechanical properties of deepwater crusts in more detail than can be done in ‘live’ oil and gas projects, this project expects to make a step change in the understanding of these seabed crusts. Expected outcomes of this pr ....Crusty Seabeds: From (Bio-)Genesis To Reliable Offshore Design. The project aims to make deep water oil and gas developments safer and cheaper by understanding better the unique seabed ‘crust’ conditions that occur in Australian waters. By studying the biogenic, structural and mechanical properties of deepwater crusts in more detail than can be done in ‘live’ oil and gas projects, this project expects to make a step change in the understanding of these seabed crusts. Expected outcomes of this project include developing new seabed investigation and design approaches for these soils. This should provide significant benefits, by facilitating the design and installation of low-risk, yet low cost seabed infrastructure (e.g. pipelines, risers, shallow foundations etc.) in these problematical seabed typesRead moreRead less
Motion of objects in soils. This project aims to conduct a fundamental study of a challenging class of geotechnical problems in which an object moves inside a layer of soil, interacts with soil, and disturbs it, by developing advanced numerical and analytical methods. This project expects to determine the fundamental principles governing soil behaviour upon movement of embedded objects. The expected outcomes are robust solutions and computational procedures that will benefit government and engin ....Motion of objects in soils. This project aims to conduct a fundamental study of a challenging class of geotechnical problems in which an object moves inside a layer of soil, interacts with soil, and disturbs it, by developing advanced numerical and analytical methods. This project expects to determine the fundamental principles governing soil behaviour upon movement of embedded objects. The expected outcomes are robust solutions and computational procedures that will benefit government and engineers by providing safer and more cost-effective strategies for designing, constructing, and maintaining Australia's infrastructure. This should bring significant benefits to industries engaged in harvesting energy resources, such as wind farms, as well as oil and gas.Read moreRead less
Four Stage Permeability Evolution Theory for Low Permeable Rocks . There is a degree of public anxiety on how unconventional gases is extracted. Horizontal drilling and hydraulic fracturing are two key enabling technologies to extract unconventional gases. But, the current study reveals well and field productivities exhibit steep declines. This implies that current practice may not be sustainable. The successful completion of this project will provide a scientific approach to look at the susta ....Four Stage Permeability Evolution Theory for Low Permeable Rocks . There is a degree of public anxiety on how unconventional gases is extracted. Horizontal drilling and hydraulic fracturing are two key enabling technologies to extract unconventional gases. But, the current study reveals well and field productivities exhibit steep declines. This implies that current practice may not be sustainable. The successful completion of this project will provide a scientific approach to look at the sustainability issue through testing a hypothesis that the properties of rock blocks between hydraulic fractures determine the sustainability of gas production instead of hydraulic fracturing. Read moreRead less
Novel multiple-constraint model for green buildings and life-cycle analyses. This project aims to develop a multiple-constraint automation model to perform life-cycle analyses for projects in the Australian construction industry. The model will optimise construction methods for green-building implementation and offer a realistic approach to Green-star status achievement. The Life-cycle model analyses for cost, greenhouse-gas emissions and energy consumption allowing the construction methods to b ....Novel multiple-constraint model for green buildings and life-cycle analyses. This project aims to develop a multiple-constraint automation model to perform life-cycle analyses for projects in the Australian construction industry. The model will optimise construction methods for green-building implementation and offer a realistic approach to Green-star status achievement. The Life-cycle model analyses for cost, greenhouse-gas emissions and energy consumption allowing the construction methods to be optimised for minimum environmental impact. Utilisation of the model should significantly shape an organisations’ strategic planning, while a recognised high Green-star status from Green Building Council of Australia will improve their reputation and bring benefits to the construction industry.Read moreRead less
Connections for hybrid steel-timber-concrete structures. Connections play a vital role in overall performance, reliability, and adaptability of civil structures. This project aims to develop innovative, easy to fabricate and efficient connections for hybrid structural systems that fully exploit advantages of steel, concrete and engineered timber to reduce the self-weight, cost and negative environmental impact and enhance opportunities for deconstruction, reusing and upgrading of the structures. ....Connections for hybrid steel-timber-concrete structures. Connections play a vital role in overall performance, reliability, and adaptability of civil structures. This project aims to develop innovative, easy to fabricate and efficient connections for hybrid structural systems that fully exploit advantages of steel, concrete and engineered timber to reduce the self-weight, cost and negative environmental impact and enhance opportunities for deconstruction, reusing and upgrading of the structures. Structural performance of the connections will be assessed by laboratory testing and advanced numerical modelling. Comprehensive knowledge on stiffness, strength, and ductility and world-first provisions for safe and cost-effective design of the hybrid steel-timber-concrete structures are generated.Read moreRead less