Banking System Competition and the Macro-economy. Australia has one of the most concentrated banking sectors in the world, generating concerns regarding its efficiency. This project aims to develop unified frameworks to understand and evaluate quantitatively how the structure of the banking industry affects the macro-economy and provide policy recommendations for establishing a healthy and efficient banking industry. This project expects to improve understanding of the welfare trade-off between ....Banking System Competition and the Macro-economy. Australia has one of the most concentrated banking sectors in the world, generating concerns regarding its efficiency. This project aims to develop unified frameworks to understand and evaluate quantitatively how the structure of the banking industry affects the macro-economy and provide policy recommendations for establishing a healthy and efficient banking industry. This project expects to improve understanding of the welfare trade-off between bank competition and economic well-being to enable policymakers to better determine the optimal concentration of banking sector in Australia. This will enhance the productivity and international competitiveness of Australia’s financial system and the broader economy.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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Australia's Resilience to Recession. This project aims to study why Australia differs from its OECD peers in that it has not had a recession for 27 years. It intends to generate knowledge by using economic models to solve 3 puzzles relating to Australia’s success: (i) why did foreign financial market shocks not spill over to the economy?; (ii) how has the resource curse that affects economies with a booming resource sector been avoided?; and (iii) what makes Australia special? Expected outcomes ....Australia's Resilience to Recession. This project aims to study why Australia differs from its OECD peers in that it has not had a recession for 27 years. It intends to generate knowledge by using economic models to solve 3 puzzles relating to Australia’s success: (i) why did foreign financial market shocks not spill over to the economy?; (ii) how has the resource curse that affects economies with a booming resource sector been avoided?; and (iii) what makes Australia special? Expected outcomes include the development of theoretical and empirical models that reflect the unique features of the Australian economy. This should provide significant benefits, including guidance to Australian and international policymakers on macroeconomic policies for resource-rich countries.Read moreRead less
Mobility Shocks: Understanding disruptions to Australian migration. This Fellowship aims to generate new knowledge about the impacts of the Covid-19 pandemic on human migration and mobility, in order to advance understanding of major disruptive changes to population movement more broadly. Fellowship outcomes will include designing innovative geospatial research methods, linking and analysing cutting-edge datasets, and building cross-sector collaborations, in order to develop a new theory of ‘Mob ....Mobility Shocks: Understanding disruptions to Australian migration. This Fellowship aims to generate new knowledge about the impacts of the Covid-19 pandemic on human migration and mobility, in order to advance understanding of major disruptive changes to population movement more broadly. Fellowship outcomes will include designing innovative geospatial research methods, linking and analysing cutting-edge datasets, and building cross-sector collaborations, in order to develop a new theory of ‘Mobility Shocks’. This will benefit Australia and its migration partners with new ideas, tools, evidence and expertise to help scholars, policy makers and practitioners to understand, anticipate, and manage future disruptive changes to human migration and mobility in the Australian context and beyond.Read moreRead less
Macroeconomic and Financial Modelling in an Era of Extremes. This project aims to develop methods to allow workhorse models in economics and finance to better reflect tail events--low probability extreme events, such as the Global Financial Crisis and the COVID-19 pandemic. It intends to address fundamental technical challenges in the estimation of such models, develop a coherent framework for counterfactual analysis of these models and propose methods to apply these models in a big-data environ ....Macroeconomic and Financial Modelling in an Era of Extremes. This project aims to develop methods to allow workhorse models in economics and finance to better reflect tail events--low probability extreme events, such as the Global Financial Crisis and the COVID-19 pandemic. It intends to address fundamental technical challenges in the estimation of such models, develop a coherent framework for counterfactual analysis of these models and propose methods to apply these models in a big-data environment. Expected outcomes include new insights into the transmission of tail risks in the global economic and financial system. This should provide significant benefits, including guidance to Australian and international policymakers charged with maintaining stability in the face of extreme events.Read moreRead less
Aboriginal Economic Development: Impact of Indigenous Chambers Commerce. This project aims to assess the economic impact of recent initiatives in Aboriginal economic development. In the last decade, Aboriginal-owned small business has increased; Indigenous Chambers of Commerce have been established and have developed memorandums of understanding for procurement of goods and services with industry; and the Opportunity, Choice, Healing, Responsibility, Empowerment (OCHRE) project was implemented b ....Aboriginal Economic Development: Impact of Indigenous Chambers Commerce. This project aims to assess the economic impact of recent initiatives in Aboriginal economic development. In the last decade, Aboriginal-owned small business has increased; Indigenous Chambers of Commerce have been established and have developed memorandums of understanding for procurement of goods and services with industry; and the Opportunity, Choice, Healing, Responsibility, Empowerment (OCHRE) project was implemented by the NSW Department of Aboriginal Affairs to stimulate economic development within Australia’s largest Aboriginal population. Using NSW as a case study, the project intends to assess economic development, job creation, new company creation, increase in the wellbeing of Aboriginal and non-Aboriginal partners, and increase in social positivity. This may support the development of effective evidence-based government policy in the sector.Read moreRead less