Inference in partially non-stationary time series models. Economic theories typically specify the long-run relationship between economic variables. However, researchers usually examine the long-run features of the data by fitting a restrictive class of models using criteria that have only proven useful for short-term forecasting. In this project we consider alternative models and modelling strategies that are appropriate for the study of the long-run. We also develop computer intensive (bootstra ....Inference in partially non-stationary time series models. Economic theories typically specify the long-run relationship between economic variables. However, researchers usually examine the long-run features of the data by fitting a restrictive class of models using criteria that have only proven useful for short-term forecasting. In this project we consider alternative models and modelling strategies that are appropriate for the study of the long-run. We also develop computer intensive (bootstrap) methods, which will provide a much-needed improvement over the existing (asymptotic) methods for making inference about the long-run. Our research will lead to more reliable models for long-term planning in business, industry and government.Read moreRead less
Vector ARMA Models and Macroeconomic Modelling: Some New Methodology and Algorithms. Economic variables are strongly related to each other, as well as being strongly related to their recent history. As a result, good dynamic multivariate models are crucial for effective policy making and forecasting in areas of vital national importance such as monetary and fiscal policy, environmental policy and tourism. Our project advances the frontiers of knowledge in multivariate time series modelling. The ....Vector ARMA Models and Macroeconomic Modelling: Some New Methodology and Algorithms. Economic variables are strongly related to each other, as well as being strongly related to their recent history. As a result, good dynamic multivariate models are crucial for effective policy making and forecasting in areas of vital national importance such as monetary and fiscal policy, environmental policy and tourism. Our project advances the frontiers of knowledge in multivariate time series modelling. The outcome of this project will be immediately useful for macroeconomic policy makers such as the Reserve Bank of Australia and the Treasury, and for industry bodies such as Tourism Australia. Read moreRead less
Coupling tropical cyclone and climate physics with ocean waves. It is argued that without accounting for the wave effects directly, the physics of large-scale air-sea interactions is inaccurate and incomplete. The project will introduce explicit coupling of large-scale atmospheric and oceanic phenomena with the physics of surface waves which should lead to improved predictions of tropical cyclones and climate.
Towards higher rank logarithmic conformal field theories. This project aims to expand our knowledge of logarithmic theories. Conformal field theory provides powerful methods for attacking problems in theoretical physics and furnishes beautiful connections between seemingly disparate branches of pure mathematics. Advancing these theories is crucial to progress in statistical mechanics, string theory and various mathematical disciplines. Expected outcomes include a detailed formalism for systemati ....Towards higher rank logarithmic conformal field theories. This project aims to expand our knowledge of logarithmic theories. Conformal field theory provides powerful methods for attacking problems in theoretical physics and furnishes beautiful connections between seemingly disparate branches of pure mathematics. Advancing these theories is crucial to progress in statistical mechanics, string theory and various mathematical disciplines. Expected outcomes include a detailed formalism for systematically and rigorously analysing a wide variety of logarithmic conformal field theories so as to facilitate applications.Read moreRead less
Cloudiness over the Southern Ocean: reducing a key knowledge gap and source of climate model uncertainty. Southern Ocean clouds are key ingredients of the global climate system and yet are only poorly understood and poorly represented in climate models. Through the use of advanced observational analysis techniques this research will provide a deep understanding of key Southern Ocean cloud regimes and improve their representation in models.
Global trends in oceanic wind speed and wave height. This project will determine whether winds and waves over the world's oceans have changed over the past 30 years. Such information is critically important in understanding global climate change, evaporation, air-sea interaction and to safely design and operate coastal and offshore facilities.
Large-scale three dimensional deformation of the lithosphere by subduction and mantle flow. We will be modelling of the dynamics of the Earth's crust and shallow lithosphere in response to the huge stresses created by plate motions. For Australia these stresses are transmitted from the distant plate boundaries, but they have a direct controlling influence on the evolution of the petroleum rich basins of Australia. These basins have reached maturity; further exploration will be in deep water wher ....Large-scale three dimensional deformation of the lithosphere by subduction and mantle flow. We will be modelling of the dynamics of the Earth's crust and shallow lithosphere in response to the huge stresses created by plate motions. For Australia these stresses are transmitted from the distant plate boundaries, but they have a direct controlling influence on the evolution of the petroleum rich basins of Australia. These basins have reached maturity; further exploration will be in deep water where geophysical prospecting methods are unreliable. Model-driven "exploration geodynamics" methods such as those we are developing will be needed to support traditional exploration techniques in these areas.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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Towards a climate theory of tropical cyclone formation. In Earth's current climate, about 80 to 90 tropical cyclones form every year around the globe, but the reasons why cyclones form at this rate are unknown. This project will use a combination of theoretical techniques and numerical simulation to elucidate the links between large-scale climate and the rate of tropical cyclone formation. A series of climate model experiments will be performed that also have the potential to improve confidence ....Towards a climate theory of tropical cyclone formation. In Earth's current climate, about 80 to 90 tropical cyclones form every year around the globe, but the reasons why cyclones form at this rate are unknown. This project will use a combination of theoretical techniques and numerical simulation to elucidate the links between large-scale climate and the rate of tropical cyclone formation. A series of climate model experiments will be performed that also have the potential to improve confidence in our predictions of tropical cyclone incidence in a future, changed climate.Read moreRead less
Energy, Cosmic Censorship and Black Hole Stability. Human progress is achieved by confronting fundamental questions, at the leading edge of knowledge. This project will lead to better understanding of space-time physics, and of the properties of singular solutions of non-linear hyperbolic equations. Such equations govern a wide range of physical phenomena, including fluid flow, weather and electromagnetic fields.