Econometric methods for distributional policy effects. This project aims to develop new econometric methods that can measure distributional policy effects by accounting for heterogeneous policy impacts among observationally equivalent individuals. The project expects to develop quantile regression methods under a difference-in-differences framework that accommodates issues of censoring and sample selection. The outcomes of this project are expected to substantially broaden the scope of the stand ....Econometric methods for distributional policy effects. This project aims to develop new econometric methods that can measure distributional policy effects by accounting for heterogeneous policy impacts among observationally equivalent individuals. The project expects to develop quantile regression methods under a difference-in-differences framework that accommodates issues of censoring and sample selection. The outcomes of this project are expected to substantially broaden the scope of the standard mean difference-in-differences approach and have significant contributions to empirical studies in the future. The project intends to provide statistically valid inferential procedures and conduct simulation exercise and empirical studies relevant to policy evaluation for the benefit of Australia and other jurisdictions.Read moreRead less
Understanding Dynamic Aspects of Economic Inequality. This project aims to study dynamic aspects of inequality in Australia by exploring the changes in labour and housing market conditions and their relation to the changes in the distribution of income and wealth over the last decade. The project also aims to develop new econometric techniques to examine the factors that are responsible for the changes in the distribution of income and wealth and a range of labour and housing market outcomes. Pa ....Understanding Dynamic Aspects of Economic Inequality. This project aims to study dynamic aspects of inequality in Australia by exploring the changes in labour and housing market conditions and their relation to the changes in the distribution of income and wealth over the last decade. The project also aims to develop new econometric techniques to examine the factors that are responsible for the changes in the distribution of income and wealth and a range of labour and housing market outcomes. Particular attention will be paid to the role of the changes in individual-specific characteristics (such as education, age, employment status, and occupation) and neighbourhood-specific characteristics (such as house prices and population ageing) in producing inequality.Read moreRead less
Human Capital, Cognitive Skills and Labour Market Outcomes. As Australia competes in the ‘educational race,’ this project will generate new knowledge on the relationship between education, skill attainment and economic outcomes in Australia. The research will provide new empirical evidence on cognitive and non-cognitive skills formation over the life-cycle, and the relationship between these skills and labour market outcomes in Australia within the broader international context. The research wil ....Human Capital, Cognitive Skills and Labour Market Outcomes. As Australia competes in the ‘educational race,’ this project will generate new knowledge on the relationship between education, skill attainment and economic outcomes in Australia. The research will provide new empirical evidence on cognitive and non-cognitive skills formation over the life-cycle, and the relationship between these skills and labour market outcomes in Australia within the broader international context. The research will advance methodological techniques for the economic analysis of cognitive skills and their economic impacts. The research will inform public policy formulation relating to educational attainment, skill development, and strategies to encourage longer workforce engagement over the life-cycle.Read moreRead less
Bayesian analysis of individual decisions in health and labour economics. This project aims to exploit emerging Bayesian Markov chain Monte Carlo methods to develop new approaches to modelling economic decision making. These methods will generate insights into two current and important policy debates. This includes (i) marijuana, alcohol and tobacco use and legalisation of marijuana use; and (ii) parental leave policies, maternity leave decisions and mothers' labour market dynamics. Although p ....Bayesian analysis of individual decisions in health and labour economics. This project aims to exploit emerging Bayesian Markov chain Monte Carlo methods to develop new approaches to modelling economic decision making. These methods will generate insights into two current and important policy debates. This includes (i) marijuana, alcohol and tobacco use and legalisation of marijuana use; and (ii) parental leave policies, maternity leave decisions and mothers' labour market dynamics. Although policies play an important role in observed health and labour market behaviours, their exact effects on individuals' decisions and outcomes are often difficult to quantify due to the complex nature of the decision process. Outcomes from the project will include new evidence of changes in substance uses under different legal scenarios and provide benefits such as yielding vital evidence on labour market and health behaviour impacts to support policy makers and strengthen Australia's research capacity in Bayesian analysis.Read moreRead less
Non- and Semi-Parametric Panel Data Econometrics: Theory and Applications. This project proposes to tackle several very important and difficult issues in modelling general climatological, economic and financial panel data that involve possible trending components. This project seeks to establish some general asymptotic theory for model estimation and specification technologies that are suited to such general nonlinear panel data that may be stochastically non-stationary and endogenous. The resea ....Non- and Semi-Parametric Panel Data Econometrics: Theory and Applications. This project proposes to tackle several very important and difficult issues in modelling general climatological, economic and financial panel data that involve possible trending components. This project seeks to establish some general asymptotic theory for model estimation and specification technologies that are suited to such general nonlinear panel data that may be stochastically non-stationary and endogenous. The research outcomes of this project are expected to be applicable in evaluating and improving empirical model building and forecasting from better models in climatology, economics and finance with possible endogeneity and nonlinearity and non-stationarity.Read moreRead less
Econometric model building and estimation. This project aims to tackle issues in econometric model building and estimation under cross sectional dependence, heterogeneity and nonlinearity. This project will seek to establish flexible econometric models associated with estimation methods and user-friendly computational techniques to try to solve real world problems. The research outcomes are expected to be useful to empirical researchers in evaluating and improving model building and forecasting ....Econometric model building and estimation. This project aims to tackle issues in econometric model building and estimation under cross sectional dependence, heterogeneity and nonlinearity. This project will seek to establish flexible econometric models associated with estimation methods and user-friendly computational techniques to try to solve real world problems. The research outcomes are expected to be useful to empirical researchers in evaluating and improving model building and forecasting from better models in climatology, demography, economics, environment, finance, machine learning and neural networks.Read moreRead less
Estimating and Testing Heterogeneous Structural Changes. This project aims to develop new methods of extracting non-central, irregular patterns from data, and to detect such patterns in climate data and city-level racial composition data. The project expects to have methodological and empirical contributions, propose innovative data-driven approaches, and extract important features of climate and racial-composition data. The anticipated outcomes of this project are new methods of measuring the r ....Estimating and Testing Heterogeneous Structural Changes. This project aims to develop new methods of extracting non-central, irregular patterns from data, and to detect such patterns in climate data and city-level racial composition data. The project expects to have methodological and empirical contributions, propose innovative data-driven approaches, and extract important features of climate and racial-composition data. The anticipated outcomes of this project are new methods of measuring the relationship between human activities and extreme weather, and for quantifying dynamic racial composition. These empirical results should demonstrate the substantial benefits of the new methods by presenting important empirical evidence for designing policies against extreme weather and racial segregation.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE150100795
Funder
Australian Research Council
Funding Amount
$365,000.00
Summary
New approaches to estimating nonlinear time-varying macroeconometric models. Quantitative models are essential for formulating good policies. In a changing world, the analysis should be based on models that allow the behaviour of the economy to change over time. Due to computational limitations, however, one is often restricted to linear models, even when nonlinear ones are more appropriate. This project aims to develop new methods for estimating time-varying nonlinear models. Two important appl ....New approaches to estimating nonlinear time-varying macroeconometric models. Quantitative models are essential for formulating good policies. In a changing world, the analysis should be based on models that allow the behaviour of the economy to change over time. Due to computational limitations, however, one is often restricted to linear models, even when nonlinear ones are more appropriate. This project aims to develop new methods for estimating time-varying nonlinear models. Two important applications are also considered: one investigates how the zero lower bound on interest rates affects the monetary policy transmission mechanism; and, the other examines how uncertainties about monetary and fiscal policy affect economic growth and inflation. This project will have strong practical significance for conducting macroeconomic policy.Read moreRead less
Measuring inflation expectations and inflation expectations uncertainty. This project aims to construct model-based measures of inflation expectations and inflation expectations uncertainty. Inflation expectations can determine economic outcomes. This project will develop non-linear time-varying models to combine information from noisy and possibly biased measures of inflation expectations from surveys and financial markets. These model-based measures are expected to be better calibrated and to ....Measuring inflation expectations and inflation expectations uncertainty. This project aims to construct model-based measures of inflation expectations and inflation expectations uncertainty. Inflation expectations can determine economic outcomes. This project will develop non-linear time-varying models to combine information from noisy and possibly biased measures of inflation expectations from surveys and financial markets. These model-based measures are expected to be better calibrated and to provide valuable information for policymakers for formulating macroeconomic policies. They can be used to better assess the credibility of monetary policy and shed light on the causes of low inflation rate in developed economies.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE120101130
Funder
Australian Research Council
Funding Amount
$375,000.00
Summary
New models and estimation methods in nonlinear panel data econometrics. This project will develop new econometric models and methods for capturing dynamic and complex relationships within economic and social systems. The outcomes of this project are expected to improve policy making process concerning climate change, economy and financial markets, through providing accurate estimates of relationships of interest.