Improved theory and practice in econometric modelling of nonlinear spatial time series. Modern Australia faces many challenges in economic and global climate changes, which require advanced statistical technologies in modeling and forecasting of econometric spatial time series data. This project will provide flexible models and methods that enable practitioners to more accurately measure and manage economic and climatic risks.
A Bayesian State Space Methodology for Forecasting Stock Market Volatility and Associated Time-varying Risk Premia. Accurate prediction of stock market volatility is critical for effective financial risk management. Along with information on volatility embedded in historical stock market returns, the prices of options written on the underlying stocks also reflect the option market's assessment of future volatility. This project will exploit this dual data source in a completely new way, using it ....A Bayesian State Space Methodology for Forecasting Stock Market Volatility and Associated Time-varying Risk Premia. Accurate prediction of stock market volatility is critical for effective financial risk management. Along with information on volatility embedded in historical stock market returns, the prices of options written on the underlying stocks also reflect the option market's assessment of future volatility. This project will exploit this dual data source in a completely new way, using it to produce forecasts of both volatility itself and the premia factored into asset prices as a result of traders' perceptions of volatility risk. State-of-the-art statistical methods will be used to produce up-dates of the probability of extreme volatility and/or extreme risk aversion, as new market data becomes available each trading day.Read moreRead less
Ambient spatial intelligence: Spatial analysis and event detection in environmental geosensor networks. This project will design and test innovative new decentralised algorithms for responding to spatiotemporal queries in environmental monitoring networks. The research is essential for constructing larger, denser, and more reliable networks, helping to embed spatial intelligence within the environment itself (ambient spatial intelligence). The project builds on Australia's existing research exce ....Ambient spatial intelligence: Spatial analysis and event detection in environmental geosensor networks. This project will design and test innovative new decentralised algorithms for responding to spatiotemporal queries in environmental monitoring networks. The research is essential for constructing larger, denser, and more reliable networks, helping to embed spatial intelligence within the environment itself (ambient spatial intelligence). The project builds on Australia's existing research excellence in geographic information science. By making smarter use of spatial information, the project will further strengthen Australia's world-leading spatial information industry, and support sustainable and economic environmental management through important applications like conservation contracts and carbon sequestration monitoring.Read moreRead less
Fostering Safe Nanotechnology Research Focused on Critical Public Health Problems. This Project builds upon the applicant's unique interdisciplinary research and collaborations to develop an innovative framework for improving occupational health and safety standards of nanotechnology research at the Australian National University and fostering its focus on critical public health problems such as biosecurity, food and water safety, pollution control and equitable access to health technologies.
Regional dimensions of the transition to a low carbon economy. This project's examination of the impacts of carbon-reduction policies in two vulnerable regions will identify the social, political, economic and cultural changes needed to promote the revitalisation of regional economies and communities.
Income and well-being: Evidence from international commodity price shocks. This project aims to examine the effects of income from international commodity price windfalls on peoples’ well-being. Exports of natural resources (iron, coal and copper) are an important source of income for the Australian economy. International prices for these commodities have declined in recent years, lowering national income. The project will analyse both objective and subjective measures of well-being at both the ....Income and well-being: Evidence from international commodity price shocks. This project aims to examine the effects of income from international commodity price windfalls on peoples’ well-being. Exports of natural resources (iron, coal and copper) are an important source of income for the Australian economy. International prices for these commodities have declined in recent years, lowering national income. The project will analyse both objective and subjective measures of well-being at both the cross-country time-series and the sub-national levels, tailored to the Australian economy. It is expected that the project’s findings will benefit academia, public policy makers and everyday people. The project will inform academics and policy makers about how income from international commodity price windfalls affects peoples' well-being.Read moreRead less
Understanding and Designing Non-Price Institutions. This project aims to further our understanding of non-price institutions such as firms, voting rules, trading mechanisms, bargaining protocols, and publically owned assets. It builds on existing contributions to "Property Rights Theory" and "Mechanism Design", particularly relaxing strong assumptions about common knowledge and complete rationality.
The role of moral sentiments and emotions in human nature: an interdisciplinary empirical approach. This project investigates the effects of moral sentiments and emotions on decision processes. It will identify states of physiological arousal, determine whether a significant genetic effect is present, assess the relevance of individuals' environment and inherited values, and provide a better biological micro-foundation for human behaviour.
Informing economic policies to enhance an efficient and sustainable use of water resources in a context of high uncertainty on future climate. The main purpose of this project is to assess how economic instruments can be used to improve water resources management in a context of uncertainty and climate change.
Coverage with Evidence Development: Application to pharmaceutical reimbursement decisions. Some new medicines produce only a small improvement in health but have considerable costs. When these medicines are trialled on only small numbers of people, uncertainty results about the value of the medicine, which can create problems for decision makers. Funding medicines where there is uncertainty may lead to harm when medicines are later found to be unsafe, or waste millions of dollars when they are ....Coverage with Evidence Development: Application to pharmaceutical reimbursement decisions. Some new medicines produce only a small improvement in health but have considerable costs. When these medicines are trialled on only small numbers of people, uncertainty results about the value of the medicine, which can create problems for decision makers. Funding medicines where there is uncertainty may lead to harm when medicines are later found to be unsafe, or waste millions of dollars when they are overpriced relative to effectiveness. Not funding medicines may disadvantage patients in whom the medicines are effective. Methods to enable access to medicines while reducing uncertainty will offer significant benefit to patients, clinicians and taxpayers. Read moreRead less