The impact of COVID-19 economic stimulus measures on corporate stakeholders. Australia's economic response to COVID-19 saw cash injections to companies and bailouts of some insolvent firms. This project aims to quantify the market value of these government subsidies and how it was shared across corporate stakeholders. The project expects to generate new knowledge for the design of financial stability regimes by developing the world-first dynamic structural model of firm assets that allows for go ....The impact of COVID-19 economic stimulus measures on corporate stakeholders. Australia's economic response to COVID-19 saw cash injections to companies and bailouts of some insolvent firms. This project aims to quantify the market value of these government subsidies and how it was shared across corporate stakeholders. The project expects to generate new knowledge for the design of financial stability regimes by developing the world-first dynamic structural model of firm assets that allows for government interventions both prior to and at default. Expected outcomes include a novel public dataset that tracks expected future subsidies and how they are shared by stakeholders. These forecasts should provide significant benefits to taxpayers as they fund the subsidies and gain from them as claimants to Australian firms.Read moreRead less
Facilitating the attainment of difficult goals: From theory to intervention. Being persistent in pursuing an important goal is glorified in society. People, however, often need to be strategic in their goal pursuits. A series of lab and field studies will aim to test how helping individuals to realise early in their goal striving whether their goal is attainable or not, can support them in making the right decision (persist with, abandon, or change the goal). The project will make novel contribu ....Facilitating the attainment of difficult goals: From theory to intervention. Being persistent in pursuing an important goal is glorified in society. People, however, often need to be strategic in their goal pursuits. A series of lab and field studies will aim to test how helping individuals to realise early in their goal striving whether their goal is attainable or not, can support them in making the right decision (persist with, abandon, or change the goal). The project will make novel contributions to theories of motivation and goal regulation. It will also have significant public benefit as it will provide the necessary evidence for the development of brief interventions that maximise the efficient use of individuals’ limited resources, facilitating individual and societal productivity and well-being.Read moreRead less