Measuring uncertainty in global housing markets and its risk to Australia. This project aims to develop and construct a measure of systemic risk for the national real-estate markets in Australia, and its main trading partners, namely China, Japan, New Zealand, United Kingdom and United States of America. Recently developed methodology will be used to investigate how real estate risks migrate across these countries over time, and during periods of financial turbulence. This methodology is intende ....Measuring uncertainty in global housing markets and its risk to Australia. This project aims to develop and construct a measure of systemic risk for the national real-estate markets in Australia, and its main trading partners, namely China, Japan, New Zealand, United Kingdom and United States of America. Recently developed methodology will be used to investigate how real estate risks migrate across these countries over time, and during periods of financial turbulence. This methodology is intended to be employed as part of a market stability surveillance program and for assessing the impact of real-estate risk on the overall economy. Early detection of the onset of future housing bubble collapses would be of significant benefit to policy makers, Australia’s trading partners, the real estate industry and ultimately home buyers.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE190100840
Funder
Australian Research Council
Funding Amount
$375,000.00
Summary
Monitoring financial bubbles using high-frequency data. This project aims to develop an econometric procedure for monitoring speculative behaviour, often labelled as bubbles, in financial markets. There has been widespread recognition that financial speculation can inflict harm on the real economy. Crises or recessions are often preceded by excessive asset market speculation. This project will utilise intraday information for bubble detection and address major technical challenges arising from h ....Monitoring financial bubbles using high-frequency data. This project aims to develop an econometric procedure for monitoring speculative behaviour, often labelled as bubbles, in financial markets. There has been widespread recognition that financial speculation can inflict harm on the real economy. Crises or recessions are often preceded by excessive asset market speculation. This project will utilise intraday information for bubble detection and address major technical challenges arising from high-frequency financial data. It is expected to significantly improve the speed and accuracy of bubble detection, thereby providing more timely and precise warning alerts for investment decisions, market surveillance and policy action.Read moreRead less
Harmonic analysis of Laplacians in curved spaces. Harmonic Analysis is a branch of mathematics which is interrelated to other fields of mathematics like complex analysis, number theory and partial differential equations (pdes) with many applications in engineering and technology. This project aims to solve a number of difficult fundamental problems at the frontier of harmonic analysis in understanding Laplacians in curved spaces. Such Laplacians control the propagation of heat and waves on manif ....Harmonic analysis of Laplacians in curved spaces. Harmonic Analysis is a branch of mathematics which is interrelated to other fields of mathematics like complex analysis, number theory and partial differential equations (pdes) with many applications in engineering and technology. This project aims to solve a number of difficult fundamental problems at the frontier of harmonic analysis in understanding Laplacians in curved spaces. Such Laplacians control the propagation of heat and waves on manifolds and Lie groups, arising in mathematical physics and quantum mechanics. Expected outcomes are the solutions of dispersive equations and the framework of singular integrals in curved spaces; new ideas and techniques in harmonic analysis developed; and training of Australian future mathematicians.Read moreRead less
Implications of Global Economic Forces for Domestic Monetary Policy. The project aims to quantify and understand the extent to which international factors affect key macroeconomic variables such as inflation and interest rates in open economies. The aims will be achieved through the development and application of new macroeconomic and econometric models. Expected outcomes are new insights and policy recommendations on how to appropriately conduct monetary policy for an open economy such as Austr ....Implications of Global Economic Forces for Domestic Monetary Policy. The project aims to quantify and understand the extent to which international factors affect key macroeconomic variables such as inflation and interest rates in open economies. The aims will be achieved through the development and application of new macroeconomic and econometric models. Expected outcomes are new insights and policy recommendations on how to appropriately conduct monetary policy for an open economy such as Australia. This should provide significant benefits to the broader Australian economy through the conduct of suitable policy by institutions such as the Reserve Bank of Australia.Read moreRead less
Large dynamic time-varying models for structural macroeconomic inference. This project aims to broaden the range of macroeconomic models that have an integrated capacity for both greater realism and efficiency in analysis. This approach will be applied to two contexts at the forefront of current macroeconomic research, the effects of noisy productivity signals on business cycles and the effects of fiscal policy shocks. Flexible macro-econometric models underpin accurate inference by economists ....Large dynamic time-varying models for structural macroeconomic inference. This project aims to broaden the range of macroeconomic models that have an integrated capacity for both greater realism and efficiency in analysis. This approach will be applied to two contexts at the forefront of current macroeconomic research, the effects of noisy productivity signals on business cycles and the effects of fiscal policy shocks. Flexible macro-econometric models underpin accurate inference by economists and policymakers and the project outputs should provide widespread and significant benefits by improving policy and boosting Australia’s comparative advantage.Read moreRead less
Nowcasting and Interpreting the Australian Economy. This project aims to investigate methods for nowcasting and interpreting the Australian economy. This is determining the current state of the economy and the factors contributing to it.
This project expects to generate new knowledge on how unconventional, new, data sources and innovative methods can be used to in nowcasting and how the Australian economy can be modelled.
The expected outcomes include timely new indicators of the state of the ec ....Nowcasting and Interpreting the Australian Economy. This project aims to investigate methods for nowcasting and interpreting the Australian economy. This is determining the current state of the economy and the factors contributing to it.
This project expects to generate new knowledge on how unconventional, new, data sources and innovative methods can be used to in nowcasting and how the Australian economy can be modelled.
The expected outcomes include timely new indicators of the state of the economy, and the factors contributing to it. This should provide significant benefits through informing the conduct of Australian macroeconomic policy, as the appropriate policy response depends not only on knowing the current state of the economy but understanding the economic factors underlying it.
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Fiscal policy and unemployment in an open economy. This project aims to improve our understanding of the impact of commodity price changes. Over the past two decades, Australia has experienced unprecedented fluctuations in commodity prices. The fiscal position and potential of the economy depends on the extent to which commodity price changes are temporary or permanent. This project will uncover empirical regularities between commodity prices, unemployment across sectors and measures of fiscal p ....Fiscal policy and unemployment in an open economy. This project aims to improve our understanding of the impact of commodity price changes. Over the past two decades, Australia has experienced unprecedented fluctuations in commodity prices. The fiscal position and potential of the economy depends on the extent to which commodity price changes are temporary or permanent. This project will uncover empirical regularities between commodity prices, unemployment across sectors and measures of fiscal policy. The project will build structural models of unemployment which will be estimated and used to assess implications for unemployment and budget deficits of commodity price shocks and to study the optimal design of fiscal policy. The project will benefit the conduct of economic policy in Australia.Read moreRead less
Resolving the Genetics of Grain Pigmentation Traits in Rice . New critical knowledge will enable future breeding of quality black rice cultivars that can exploit the high UV Australian growing environment to enable domestic production of high-value, healthy black rice. The demand for functional foods with health benefits, including black rice, is increasing both domestically and internationally. The concentration of key functional compounds in black rice may be increased by growing optimised cul ....Resolving the Genetics of Grain Pigmentation Traits in Rice . New critical knowledge will enable future breeding of quality black rice cultivars that can exploit the high UV Australian growing environment to enable domestic production of high-value, healthy black rice. The demand for functional foods with health benefits, including black rice, is increasing both domestically and internationally. The concentration of key functional compounds in black rice may be increased by growing optimised cultivars under high-UV radiation, making Australia well placed to produce the highest quality black rice. Utilising a unique genetic resource this project will resolve how the interaction between crop genetics and the growing environment drives the concentration of functional compounds in black rice. Read moreRead less
Shadow care infrastructures: sustaining life in the post-welfare city. Mounting evidence points to difficulties faced by Australians reliant on government income support in meeting market costs of essential needs. This project investigates whether and how ‘shadow care infrastructures’ – a wide range of formal and informal material and social supports – enable the survival, well-being and flourishing of income support recipients. Focusing on people with disabilities, unemployed and asylum seekers ....Shadow care infrastructures: sustaining life in the post-welfare city. Mounting evidence points to difficulties faced by Australians reliant on government income support in meeting market costs of essential needs. This project investigates whether and how ‘shadow care infrastructures’ – a wide range of formal and informal material and social supports – enable the survival, well-being and flourishing of income support recipients. Focusing on people with disabilities, unemployed and asylum seekers, the study evaluates the benefits and harms such infrastructures produce for those receiving and providing care, and the wider community. It examines risks and opportunities to scale up emerging care infrastructures identified as critical to making ends meet for income support recipients in contemporary cities.Read moreRead less
Grandparent childcare: negotiating work and care across generations. This project aims to investigate how and why parents and grandparents share childcare responsibilities in contemporary Australia. Using mixed methods and an innovative conceptual approach with a central focus on parent-grandparent care dyads, it expects to generate critical new knowledge of intra-family negotiations about employment and childcare provision across generations, and their relationship with social and economic poli ....Grandparent childcare: negotiating work and care across generations. This project aims to investigate how and why parents and grandparents share childcare responsibilities in contemporary Australia. Using mixed methods and an innovative conceptual approach with a central focus on parent-grandparent care dyads, it expects to generate critical new knowledge of intra-family negotiations about employment and childcare provision across generations, and their relationship with social and economic policy. The project expects to identify sustainable employment-childcare practices that meet the needs of children, parents and grandparents. Significant benefits include informing new policies aimed to enhance both gender and generational equity, promote women’s workforce participation, and boost national productivity.Read moreRead less