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
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
Monetary policy, redistribution and endogenous asset market incompleteness. This project aims to provide a new framework for modelling agent heterogeneity and for evaluating the effects of monetary policy on aggregate welfare and wealth distribution over the business cycle. This project will focus on monetary policy, using new quantitative theories with new efficient computational methods, to understand and quantify links between monetary policy the dynamics of aggregate outcomes (such as inflat ....Monetary policy, redistribution and endogenous asset market incompleteness. This project aims to provide a new framework for modelling agent heterogeneity and for evaluating the effects of monetary policy on aggregate welfare and wealth distribution over the business cycle. This project will focus on monetary policy, using new quantitative theories with new efficient computational methods, to understand and quantify links between monetary policy the dynamics of aggregate outcomes (such as inflation or employment), and the distribution of individual wealth (such as money, capital and housing).Read moreRead less
Non-equilibrium presolvation electron processes at the gas-liquid interface. The interaction of low-temperature plasma electrons with liquids has served as a reducing agent in various technological applications in water treatment, agriculture, biofuels and medicine. Predictive control of the plasma-liquid interface is essential to unlocking the potential of these applications, and this has been limited by the absence of the relevant non-equilibrium transport theory describing electrons at the pl ....Non-equilibrium presolvation electron processes at the gas-liquid interface. The interaction of low-temperature plasma electrons with liquids has served as a reducing agent in various technological applications in water treatment, agriculture, biofuels and medicine. Predictive control of the plasma-liquid interface is essential to unlocking the potential of these applications, and this has been limited by the absence of the relevant non-equilibrium transport theory describing electrons at the plasma-liquid interface together with fundamental data describing electron interactions with liquids. The project will develop a state of the art presolvation electron transport model informed by world first measurements of electron cross-sections for radicals and liquids and apply it to model plasma electrochemistry processes.Read moreRead less
Electron, positron, and heavy-particle collisions with molecules. This project aims to develop a computational approach to collisions involving molecular targets with electrons, positrons and heavy particles. Recently, the approach to atomic collisions, the Convergent Close Coupling (CCC) method, has been extended and verified for positron, electron, and heavy particle collisions with the simplest molecular systems (molecular hydrogen and its ion). This project now aims to extend the CCC method ....Electron, positron, and heavy-particle collisions with molecules. This project aims to develop a computational approach to collisions involving molecular targets with electrons, positrons and heavy particles. Recently, the approach to atomic collisions, the Convergent Close Coupling (CCC) method, has been extended and verified for positron, electron, and heavy particle collisions with the simplest molecular systems (molecular hydrogen and its ion). This project now aims to extend the CCC method to study collisions with more complex molecules. Expected benefits include more accurate data for diagnostic tools such as Positron Emission Tomography, and potential advances in particle-based cancer therapy.Read moreRead less
Understanding molecular negative ion production for use in pathology. The project aims to increase the yield of molecular negative ion sources by improving our understanding of the formation of ion beams from plasma sources and expand our knowledge of molecular negative ion generation in plasma environments leading to brighter ion beams. For example, understanding cancer requires cellular level tools to map how cells are changing. These maps are made using ion beams which are scanned across cell ....Understanding molecular negative ion production for use in pathology. The project aims to increase the yield of molecular negative ion sources by improving our understanding of the formation of ion beams from plasma sources and expand our knowledge of molecular negative ion generation in plasma environments leading to brighter ion beams. For example, understanding cancer requires cellular level tools to map how cells are changing. These maps are made using ion beams which are scanned across cells to remove material that is analysed at the atomic and molecular level. Ion beams are produced from plasma sources, but much of their operation is not understood. Such improved ion beams are expected to enable inexpensive and fast cellular level pathology at even small hospitals to tackle cancer for society’s benefit.Read moreRead less
A New Approach to the Structure of Atomic Nuclei. Starting at the quark level, we have derived a theory of nuclear structure, that in its initial application appears extremely successful. The aim of this project is to advance this revolutionary new approach to the theory of nuclear structure to the next level by exploring its predictions for a number of outstanding questions in modern nuclear physics. This includes the properties of superheavy nuclei, with atomic number beyond 100, including the ....A New Approach to the Structure of Atomic Nuclei. Starting at the quark level, we have derived a theory of nuclear structure, that in its initial application appears extremely successful. The aim of this project is to advance this revolutionary new approach to the theory of nuclear structure to the next level by exploring its predictions for a number of outstanding questions in modern nuclear physics. This includes the properties of superheavy nuclei, with atomic number beyond 100, including the potential existence of a new region of stability and complementing experimental searches underway internationally to discover the limits of stability with large neutron or proton excess, which is crucial to understanding the origin of the elements and may contribute new energy related technology.Read moreRead less
Unravelling the neutron lifetime puzzle with lattice quantum chromodynamics. This project will perform supercomputer simulations to confront one of the outstanding puzzles of nuclear and particle physics, the neutron lifetime. New knowledge will be generated through the development of novel theoretical and numerical techniques to increase the precision of the leading theoretical inputs required to predict the neutron lifetime. The outcomes will provide crucial theoretical guidance into understan ....Unravelling the neutron lifetime puzzle with lattice quantum chromodynamics. This project will perform supercomputer simulations to confront one of the outstanding puzzles of nuclear and particle physics, the neutron lifetime. New knowledge will be generated through the development of novel theoretical and numerical techniques to increase the precision of the leading theoretical inputs required to predict the neutron lifetime. The outcomes will provide crucial theoretical guidance into understanding the neutron; helping to guide the next-generation neutron experiments, from particle physics to applications in advanced materials science. The results will have immediate benefit by resolving the neutron lifetime puzzle, while enabling Australian scientists to take a leadership role in this area of fundamental science.Read moreRead less
New Techniques for New Physics Searches at the CERN Large Hadron Collider. This project aims to break new ground in the quest to discover the existence of new fundamental constituents of nature. In order to achieve this, the team will invent and deploy a suite of advanced machine learning and anomaly detection techniques, developed by the chief investigators, to mine the data processed and collected with the ATLAS experiment at the CERN Large Hadron Collider throughout the entirety of the next d ....New Techniques for New Physics Searches at the CERN Large Hadron Collider. This project aims to break new ground in the quest to discover the existence of new fundamental constituents of nature. In order to achieve this, the team will invent and deploy a suite of advanced machine learning and anomaly detection techniques, developed by the chief investigators, to mine the data processed and collected with the ATLAS experiment at the CERN Large Hadron Collider throughout the entirety of the next data taking run. Expected outcomes of this project include the first application of revolutionary anomaly detection methods to fundamental physics, probing unexplored space in the process, and enhancing the capacity and development of future leaders in Australian science and technology at the forefront of data analytics.Read moreRead less