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
Machine Assisted, Multi-scale Spatial and Temporal Observation and Modeling of Marine Benthic Habitats. The Integrated Marine Observing System (IMOS) science plans include sampling campaigns reliant on Autonomous Underwater Vehicle (AUV) Facility data and designed to address the issues of marine biodiversity quantification and assurance. The proposed research will directly enhance the effectiveness of these programs by speeding labour-intensive analyses, aggregating the results, and searching f ....Machine Assisted, Multi-scale Spatial and Temporal Observation and Modeling of Marine Benthic Habitats. The Integrated Marine Observing System (IMOS) science plans include sampling campaigns reliant on Autonomous Underwater Vehicle (AUV) Facility data and designed to address the issues of marine biodiversity quantification and assurance. The proposed research will directly enhance the effectiveness of these programs by speeding labour-intensive analyses, aggregating the results, and searching for ecological patterns on a national scale that would be difficult to identify using traditional approaches tuned to process-scale studies. Australian society stands to benefit by virtue of improved large-scale models of ecosystem function and reduced cost for conducting marine ecosystem investigations.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
Assessing and addressing tax system complexity in Australia. Tax reform and simplification are highly topical in government, business and the wider community, with many initiatives proposed or under way. This project will identify the key factors in tax system complexity, measure the costs it imposes upon taxpayers and develop complexity indices that can test new policy measures and monitor improvements.