Novel econometric techniques for dealing with point processes in high frequency financial data with applications to financial risk management. The recent global financial crisis highlighted the inherent risk involved in investing in financial assets. This project aims to develop novel statistical methods for forecasting the onset of instability in asset prices. The outcomes of this research will lead to improvements in the management of financial risk.
Characterising the tropical "heat engine" of global climate: combined coral, stalagmite and tree-ring records from the Indo-Pacific region. The recent anthropogenic global warming is causing polar icecap melting, sea level rise, reef coral bleaching and degradation, and increased frequency and intensity of severe droughts, floods, tropical cyclones/hurricanes/typhoons in the past decades, focusing daily media headlines worldwide. Our study will enhance understanding of global climate change, El ....Characterising the tropical "heat engine" of global climate: combined coral, stalagmite and tree-ring records from the Indo-Pacific region. The recent anthropogenic global warming is causing polar icecap melting, sea level rise, reef coral bleaching and degradation, and increased frequency and intensity of severe droughts, floods, tropical cyclones/hurricanes/typhoons in the past decades, focusing daily media headlines worldwide. Our study will enhance understanding of global climate change, El Niño and Asian-Australian monsoon variability and coral reef degradation, and provide improved knowledge for future predictions. The outcome will impact on our National Research Priority 1: An Environmentally Sustainable Australia, enhance Australia's leadership in coral reef research, and contribute to an improved relationship with our neighbours in science, education and training.Read moreRead less
The importance of edge effects in determining the value of seagrass landscapes as fish nurseries. Seagrasses are a conspicuous element of Australian marine environments, and are crucial in the conservation and maintenance of biodiversity. Degradation of seagrass ecosystems from climatic extremes, increased sediment and nutrients in the water, and other pollutants results in loss and fragmentation of meadows. These changes to seagrass are linked with increased coastal erosion, severe loss of bio ....The importance of edge effects in determining the value of seagrass landscapes as fish nurseries. Seagrasses are a conspicuous element of Australian marine environments, and are crucial in the conservation and maintenance of biodiversity. Degradation of seagrass ecosystems from climatic extremes, increased sediment and nutrients in the water, and other pollutants results in loss and fragmentation of meadows. These changes to seagrass are linked with increased coastal erosion, severe loss of biodiversity, and collapse of fisheries. Increased understanding of how biological processes such as predation and food availability influence animal associations with seagrasses, and how these effects change with landscape structure, will have important applications in the sustainable management of Australia's threatened coastal habitats.Read moreRead less
Fingerprints of global climate change and forest management on rhizosphere carbon and nutrient cycling. Using a series of innovative techniques, this project seeks to capture the excellent, exciting opportunities for studying impacts of global climate change (GCC) and forest management on plant-soil-microbe interactions in rhizosphere carbon and nutrient cycling, with two of the world's best GCC forest experiments in Sweden and USA and three long-term forest management experiments in Australia. ....Fingerprints of global climate change and forest management on rhizosphere carbon and nutrient cycling. Using a series of innovative techniques, this project seeks to capture the excellent, exciting opportunities for studying impacts of global climate change (GCC) and forest management on plant-soil-microbe interactions in rhizosphere carbon and nutrient cycling, with two of the world's best GCC forest experiments in Sweden and USA and three long-term forest management experiments in Australia. The successful conduct of this multidisciplinary collaborative research will result in: improved understanding and management of forest ecosystems in response to GCC and effective biodiversity conservation in managed forests; and enhanced international reputation and expertise of the Australian scientists in the relevant research fields.Read moreRead less
Limiting False Positives in Empirical Asset Pricing Tests. The project aims to address the issue of data mining in asset pricing tests using innovative interdisciplinary approaches that mitigate the occurrence of false positives. The expected outcomes include extended options in finance for alleviating data mining, as well as new guidelines for rigorously evaluating the explanatory power of risk factors on expected returns. The project findings are expected to significantly advance our understan ....Limiting False Positives in Empirical Asset Pricing Tests. The project aims to address the issue of data mining in asset pricing tests using innovative interdisciplinary approaches that mitigate the occurrence of false positives. The expected outcomes include extended options in finance for alleviating data mining, as well as new guidelines for rigorously evaluating the explanatory power of risk factors on expected returns. The project findings are expected to significantly advance our understanding of the pricing of risk. Additionally, the proposed tools are anticipated to have broad applications, such as corporate finance and fraud detection, and offer significant value to finance research and its stakeholders, such as the Australian asset management industry and government regulatory bodies.
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Achieving biodiversity conservation and ecosystem service delivery: the role of landscape structure. Achieving gains for human well-being and, at the same time, conserving biodiversity is the ultimate challenge for conservation policy. This project will develop new understandings and new methods to address this issue, with important impacts on the effectiveness of strategies to conserve biodiversity.
Effective Teacher-Based Assessment Adjustments for Students with Disability. The Australian Curriculum and Disability Standards for Education create high expectations for education of students with disabilities. Teachers are to address the diversity of student learning needs in their classes, and make adjustments to school-based assessments that enable students with disabilities to demonstrate their learning. Recent reports identify inconsistent practice in schools and the need for evidence-base ....Effective Teacher-Based Assessment Adjustments for Students with Disability. The Australian Curriculum and Disability Standards for Education create high expectations for education of students with disabilities. Teachers are to address the diversity of student learning needs in their classes, and make adjustments to school-based assessments that enable students with disabilities to demonstrate their learning. Recent reports identify inconsistent practice in schools and the need for evidence-based guidance to inform these adjustments. This longitudinal project involves researcher-teacher collaboration and aims to identify effective assessment adjustments for secondary school students with disabilities, develop system-level protocols for adjustments, and meet national goals of improved education outcomes for these students.Read moreRead less
Assimilating development objectives in conservation planning. This project will extend the theory and practice of decision science to explore the question of how the apparently divergent objectives of biodiversity conservation and economic development can be balanced. The human modification of natural landscapes is causing species loss to accelerate. Yet land use and infrastructure developments are often necessary to support economic growth. The project plans to develop new methods to map past a ....Assimilating development objectives in conservation planning. This project will extend the theory and practice of decision science to explore the question of how the apparently divergent objectives of biodiversity conservation and economic development can be balanced. The human modification of natural landscapes is causing species loss to accelerate. Yet land use and infrastructure developments are often necessary to support economic growth. The project plans to develop new methods to map past and project future development scenarios for the lower Mekong region in south-east Asia, a globally significant region undergoing rapid economic development. Novel problem formulations would be used to balance biodiversity conservation with development objectives.Read moreRead less
Integrating climate and ecosystem models to predict climate change impacts on Australian marine systems. This project will underpin Australia's commitment to maintain environmental sustainability and biodiversity in the face of climate change. We will describe the consequences of climate change on harvested marine resources, biodiversity, ecosystem structure and function, and sensitive species and habitats. We will provide practical management solutions to maintain ecosystem integrity and enhanc ....Integrating climate and ecosystem models to predict climate change impacts on Australian marine systems. This project will underpin Australia's commitment to maintain environmental sustainability and biodiversity in the face of climate change. We will describe the consequences of climate change on harvested marine resources, biodiversity, ecosystem structure and function, and sensitive species and habitats. We will provide practical management solutions to maintain ecosystem integrity and enhance resilience under a changing climate. This information is of immediate use by a range of Australian stakeholders including national, state and local government agencies and authorities. The project will put Australian scientists at the forefront of research focused on adapting to marine climate impacts.Read moreRead less
Tipping points and early warning signals in complex ecosystems. This project aims to create a theory of early warning that uses spatial data available on system state, connectivity and environmental stress, and to create tools to infer the risk of ecosystem collapse. Many ecosystems have irreversible tipping points. Since their locations are often unknown, metrics may provide an early warning of collapse but are difficult to apply because they need long time series which are usually lacking. Thi ....Tipping points and early warning signals in complex ecosystems. This project aims to create a theory of early warning that uses spatial data available on system state, connectivity and environmental stress, and to create tools to infer the risk of ecosystem collapse. Many ecosystems have irreversible tipping points. Since their locations are often unknown, metrics may provide an early warning of collapse but are difficult to apply because they need long time series which are usually lacking. This project will use the Great Barrier Reef as a testbed because it has both long time series (standard approach) and rich spatial data (new approach), and exhibits early warning signs. We will use these tools to gauge whether symptoms on the Great Barrier Reef predict local collapse and to develop intervention plans.Read moreRead less