Super Financial Security: Improving Flexibility, Trust and Communication. This project aims to address the significant worldwide challenge of how to safeguard financial wellbeing at older ages. In doing so it aims to investigate three important and interconnected influences on retirement preparation: flexible choice architecture, trust formation and effective communication. The project aims to use a combination of innovative modelling, experimental and field-based approaches. The principal expec ....Super Financial Security: Improving Flexibility, Trust and Communication. This project aims to address the significant worldwide challenge of how to safeguard financial wellbeing at older ages. In doing so it aims to investigate three important and interconnected influences on retirement preparation: flexible choice architecture, trust formation and effective communication. The project aims to use a combination of innovative modelling, experimental and field-based approaches. The principal expected outcomes are insights into the factors that guide superannuation choice, build trust with superannuation providers, and ensure clear and effective communication with members.Read moreRead less
Distorted Beliefs and Asset Price Disconnect Puzzles. Asset price booms and busts have broad ranging implications for households. Despite this, models used for policy analysis struggle to explain asset prices and their implications for the macroeconomy. This project will deliver frontier macro-finance research to inform academics and policymakers on how to model asset price booms and busts, to explain why equity and house price falls appear to have small versus large effects, and how to design e ....Distorted Beliefs and Asset Price Disconnect Puzzles. Asset price booms and busts have broad ranging implications for households. Despite this, models used for policy analysis struggle to explain asset prices and their implications for the macroeconomy. This project will deliver frontier macro-finance research to inform academics and policymakers on how to model asset price booms and busts, to explain why equity and house price falls appear to have small versus large effects, and how to design effective policy responses. Led by internationally recognized experts in macroeconomics, this research proposal is perfectly positioned to deliver scientific peer-reviewed research and embed outcomes through evidenced partnerships with the Reserve Bank of Australia and the Federal Department of Treasury.Read moreRead less
Dynamic Count Models of Financial Contagion with Applications to Global Banking and Currency Crises. An international model of contagion and interconnectedness is developed and applied using annual time series on banking and currency crises in developed and emerging countries. The model represents a new class of multivariate dynamic count models that allows for important dynamical interactions to capture the transmission of financial crises across national and international asset markets. The p ....Dynamic Count Models of Financial Contagion with Applications to Global Banking and Currency Crises. An international model of contagion and interconnectedness is developed and applied using annual time series on banking and currency crises in developed and emerging countries. The model represents a new class of multivariate dynamic count models that allows for important dynamical interactions to capture the transmission of financial crises across national and international asset markets. The properties of the models are investigated as well as the development of new estimation methods based on simulation techniques. An important implication of the approach is that it can be used as an early warning signal of future crises, thereby providing an input into the design of future policy on crisis management.Read moreRead less
What women want: unravelling the factors underlying women's financial decision-making behaviour. By the time women retire, they are generally worse off financially than men. This national study will be the first to measure the impact of underlying factors that explain rather than describe the financial decision-making behaviour of women, and how financial decision-making and economic outcomes for women might be improved.
Money, price and output dynamics: a segmented asset markets approach. This project studies the importance of asset market frictions and the cross-sectional composition of nominal spending across households for the monetary policy transmission mechanism (that is, for the channels by which monetary policy affects the broader macro-economy).
Discovery Early Career Researcher Award - Grant ID: DE120102589
Funder
Australian Research Council
Funding Amount
$375,000.00
Summary
Monetary policy and models of money, credit and banking. This project develops models with money and credit following recent developments in monetary theory with microfoundations. The objectives of the project are to understand the fundamental functions of credit, how credit affects the aggregate economy, and how credit affects the transmission of monetary policy.
Gross credit flows, credit reallocation, and the macroeconomy. This project aims to construct measures of credit reallocation from regulatory bank-level data for Australia and other countries. The project intends to develop empirical models able to evaluate the role of credit reallocation on aggregate output and a theoretical model with search and match frictions to evaluate quantitatively the role of bank credit in explaining macroeconomic outcomes. The project expects to provide significant be ....Gross credit flows, credit reallocation, and the macroeconomy. This project aims to construct measures of credit reallocation from regulatory bank-level data for Australia and other countries. The project intends to develop empirical models able to evaluate the role of credit reallocation on aggregate output and a theoretical model with search and match frictions to evaluate quantitatively the role of bank credit in explaining macroeconomic outcomes. The project expects to provide significant benefits for policymakers for assessing the interplay between monetary and credit policy, formulating macroeconomic and macro prudential policies, and shedding light on the causes of productivity dynamics in Australia, boosting its comparative advantage.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE170100608
Funder
Australian Research Council
Funding Amount
$396,000.00
Summary
The economic and social consequences of illicit drug markets. This project aims to understand the economic and social effects of illicit drugs. An estimated one-quarter of a billion people use illicit drugs each year. This causes major health and personal problems, while the violence and organised crime associated with illicit drug markets affect society. This project will apply econometric techniques to administrative and survey data to establish the long-term causal effects of illicit drug mar ....The economic and social consequences of illicit drug markets. This project aims to understand the economic and social effects of illicit drugs. An estimated one-quarter of a billion people use illicit drugs each year. This causes major health and personal problems, while the violence and organised crime associated with illicit drug markets affect society. This project will apply econometric techniques to administrative and survey data to establish the long-term causal effects of illicit drug markets on crime, health, education and employment. The results are expected to show how illicit drug policies can improve health and well-being in communities.Read moreRead less
A benefit-cost analysis of the Early Years Education Program. This project undertakes a benefit-cost analysis of the Early Years Education Program (EYEP). EYEP is an innovative early years education and childcare program for children at risk of abuse and neglect that is being trialled by the Children’s Protection Society in Melbourne. The use of the randomised evaluation method in the trial, the innovative and extensive nature of EYEP, the inter-disciplinary research team, and the breadth of dat ....A benefit-cost analysis of the Early Years Education Program. This project undertakes a benefit-cost analysis of the Early Years Education Program (EYEP). EYEP is an innovative early years education and childcare program for children at risk of abuse and neglect that is being trialled by the Children’s Protection Society in Melbourne. The use of the randomised evaluation method in the trial, the innovative and extensive nature of EYEP, the inter-disciplinary research team, and the breadth of data collection, provide the opportunity to complete a high quality benefit-cost analysis that will be internationally unique. Results from the study have the potential to influence the design of childcare and education for 30,000 at-risk children in Australia, as well as informing approaches in regular childcare.Read moreRead less
Income inequality and mobility in Australia, Great Britain and the US. A major debate is raging on the growth of income inequality, especially in Anglo-Saxon countries. This project will use a cross-national framework to investigate income inequality and mobility in Australia, Britain and the United States of America. It will re-evaluate the tax-based evidence and reconcile it with household survey evidence. Using household panel data, it will comprehensively examine income mobility patterns, us ....Income inequality and mobility in Australia, Great Britain and the US. A major debate is raging on the growth of income inequality, especially in Anglo-Saxon countries. This project will use a cross-national framework to investigate income inequality and mobility in Australia, Britain and the United States of America. It will re-evaluate the tax-based evidence and reconcile it with household survey evidence. Using household panel data, it will comprehensively examine income mobility patterns, using a variety of mobility measures. It aims to show the sensitivity of income inequality and mobility patterns and trends to broader income measures. The project also aims to provide policymakers with a more accurate and complete understanding of Australian income inequality and mobility trends and their drivers within an international context.Read moreRead less