Adaptive economic management of Australia's urban water. This project responds to the so-called 'wicked problem' of ensuring an adequate supply of water to urban consumers at the lowest price even during long-term droughts. The project will generate, for the first time in the world, an integrated, dynamic, and adaptive supply and demand model to manage urban water optimally over time.
Understanding online attention and user-generated content creation: An information consumption and production perspective. There is a strong practical need for methods for understanding and measuring online behaviour. In this project, economic index number theory will be used to study information consumption, leading to new ways of measuring online attention and influence. Techniques for studying scaling relationships in the physical world will be used to study information production, leading to ....Understanding online attention and user-generated content creation: An information consumption and production perspective. There is a strong practical need for methods for understanding and measuring online behaviour. In this project, economic index number theory will be used to study information consumption, leading to new ways of measuring online attention and influence. Techniques for studying scaling relationships in the physical world will be used to study information production, leading to new insights into the efficiency of production of user-generated content. The project will contribute to understanding how social media such as Twitter contribute to social unrest and affect consumer decisions, and how distributed online collaboration can produce economically-valuable information resources such as Wikipedia.Read moreRead less
A new approach to stability analysis for economic systems. This project will provide a new methodology for analysing stability in economic systems. By enhancing our understanding of stability and instability in markets for assets, credit, commodities and natural resources, this project will help economists forecast likely outcomes and improve the formulation of related economic policy.
International coalitions for climate change mitigation: the role of carbon market linkages and trade restrictions. This project uses cooperative game theory, implementation theory and agent-based modelling to investigate how coalitions to reduce greenhouse gas emissions could be formed and maintained among countries. Applications include the role of carbon market linkage and trade policy, in countries of the Asia-Pacific region.
Frontiers of Risk Modelling: Dependence and Extremes of Levy Processes. This project plans to continue an ongoing theoretical study into continuous-time stochastic processes, concentrating on developing tools for the further analysis and understanding of extremal and multivariate phenomena with applications to portfolio analysis, value-at risk calculations and complex financial instruments, with particular emphasis on practical applications of the methodologies in the insurance and finance indus ....Frontiers of Risk Modelling: Dependence and Extremes of Levy Processes. This project plans to continue an ongoing theoretical study into continuous-time stochastic processes, concentrating on developing tools for the further analysis and understanding of extremal and multivariate phenomena with applications to portfolio analysis, value-at risk calculations and complex financial instruments, with particular emphasis on practical applications of the methodologies in the insurance and finance industries. Expected outcomes would be of direct interest to these industries as well as having significant mathematical interest.Read moreRead less
A History of Foreign Multinational Enterprises in Australia from Federation. We aim to deliver the first history of foreign multinational firms in twentieth-century Australia, connecting to, and enhancing, a rich overseas literature on global business. Foreign corporations have played a critical but poorly understood role here with public and policy opinions polarised between approval for new investment, job creation and innovation against concern for their impact on tax revenue, competition, an ....A History of Foreign Multinational Enterprises in Australia from Federation. We aim to deliver the first history of foreign multinational firms in twentieth-century Australia, connecting to, and enhancing, a rich overseas literature on global business. Foreign corporations have played a critical but poorly understood role here with public and policy opinions polarised between approval for new investment, job creation and innovation against concern for their impact on tax revenue, competition, and economic policy. Through a closer, long term understanding of multinationals – their magnitude, motives to settle here, corporate structures, and adaptation to local conditions – our findings will inform public debate and policy about the roles of foreign investment and foreign enterprises in the Australian economy today.Read moreRead less
Measuring inflation expectations and inflation expectations uncertainty. This project aims to construct model-based measures of inflation expectations and inflation expectations uncertainty. Inflation expectations can determine economic outcomes. This project will develop non-linear time-varying models to combine information from noisy and possibly biased measures of inflation expectations from surveys and financial markets. These model-based measures are expected to be better calibrated and to ....Measuring inflation expectations and inflation expectations uncertainty. This project aims to construct model-based measures of inflation expectations and inflation expectations uncertainty. Inflation expectations can determine economic outcomes. This project will develop non-linear time-varying models to combine information from noisy and possibly biased measures of inflation expectations from surveys and financial markets. These model-based measures are expected to be better calibrated and to provide valuable information for policymakers for formulating macroeconomic policies. They can be used to better assess the credibility of monetary policy and shed light on the causes of low inflation rate in developed economies.Read moreRead less
Energy transitions: past, present and future. Uncertainty about the costs of transitioning to a low carbon economy in Australia and other countries will be reduced by improving our knowledge of the costs of reducing fossil fuel use and the role of energy in economic growth. Energy economics research capabilities in Australia will be enhanced.
A systemic environmental impact metric for companies and investors. Environmental-Social-Governance (ESG) metrics are marketed as measures of environmental performance, but they often track exposure to environmental risk rather than generation of environmental impacts. This project aims to develop and test a science-based, systemic environmental impact score for corporate activities. Expected outcomes include new knowledge of cross-scale interactions in the Earth system and tools to assess a bus ....A systemic environmental impact metric for companies and investors. Environmental-Social-Governance (ESG) metrics are marketed as measures of environmental performance, but they often track exposure to environmental risk rather than generation of environmental impacts. This project aims to develop and test a science-based, systemic environmental impact score for corporate activities. Expected outcomes include new knowledge of cross-scale interactions in the Earth system and tools to assess a business or investment’s systemic environmental impacts from activities including water extraction, deforestation and carbon emissions. These outcomes should provide benefits including improved business decision-making on impact mitigation, environmental quality, productivity and corporate environmental reputation.Read moreRead less
Estimation of the continuous piecewise linear model and macroeconomic applications. Relationships between economic variables are often characterised by non-linearities. This project develops a method to analyse a type of non-linearity that is frequently encountered in economics and uses this method to study four specific applications concerning the dynamics of inflation, growth, and the exchange rate.