Understanding market mechanisms and determinants of transaction costs to achieve greater efficiency in Australian fixed-income markets. This project will provide information to policymakers and regulators, enabling the evolution of optimal fixed-income markets, with significant benefits for individuals and the national economy. These benefits will be both short-term (current wealth) and long-term (retirement saving). It will promote Australia as the leader in constructing optimal fixed-income ma ....Understanding market mechanisms and determinants of transaction costs to achieve greater efficiency in Australian fixed-income markets. This project will provide information to policymakers and regulators, enabling the evolution of optimal fixed-income markets, with significant benefits for individuals and the national economy. These benefits will be both short-term (current wealth) and long-term (retirement saving). It will promote Australia as the leader in constructing optimal fixed-income markets, which can be applied to similar markets around the world. Finally, training research students will develop research infrastructure in Australia, and contribute to produce a generation of specialists who will increase Australia's international standing in financial research and its ability to manage an increasingly complex economy.Read moreRead less
The Dynamics Shaping Underground Economic Behaviour. Tax evasion and the underground economy have recently become a topical issue in Australia. The underground economy is said to exist when a person either fails to declare cash earnings or overstates consumption expenditure in order to minimise their tax paying obligations. This current project will undertake the first international analysis of the behaviour of those participating in the underground economy and how these individuals respond to c ....The Dynamics Shaping Underground Economic Behaviour. Tax evasion and the underground economy have recently become a topical issue in Australia. The underground economy is said to exist when a person either fails to declare cash earnings or overstates consumption expenditure in order to minimise their tax paying obligations. This current project will undertake the first international analysis of the behaviour of those participating in the underground economy and how these individuals respond to changes in taxes and economic opportunities. The results will contribute to future decisions that may affect tax policy, tax audit programs and taxpayer compliance initiative strategies, particularly those affecting Australia. Read moreRead less