Investigations of the Integrity of the Australian Height Datum. The Australian Height Datum (AHD) forms the fundamental framework for all vertical spatial information in Australia. It supports a wide range of applications in areas such as geodesy, surveying, mapping, telecommunications, resource exploration and environmental science. This medium-term research programme will investigate the many issues surrounding the integrity of the AHD, and will rigorously redefine, correct and unify it with ....Investigations of the Integrity of the Australian Height Datum. The Australian Height Datum (AHD) forms the fundamental framework for all vertical spatial information in Australia. It supports a wide range of applications in areas such as geodesy, surveying, mapping, telecommunications, resource exploration and environmental science. This medium-term research programme will investigate the many issues surrounding the integrity of the AHD, and will rigorously redefine, correct and unify it within a global vertical framework. This will provide improved height information to the numerous users of the AHD in Australia, and allow Australia to contribute more fully to the global spatial data infrastructure.Read moreRead less
New methods for solving large models with rational expectations. This project aims to introduce innovative numerical methods to economic modelling to overcome computational barriers associated with the formation of expectations by households and investors. The outcome will be economic models that include sophisticated rational expectations specifications while retaining considerable industry, regional and occupational disaggregation. There will be benefits to economic policy by broadening the r ....New methods for solving large models with rational expectations. This project aims to introduce innovative numerical methods to economic modelling to overcome computational barriers associated with the formation of expectations by households and investors. The outcome will be economic models that include sophisticated rational expectations specifications while retaining considerable industry, regional and occupational disaggregation. There will be benefits to economic policy by broadening the range of questions that can be answered by detailed models and there will be benefits in the research community by providing a platform for examining dynamics in large-scale economic systems.Read moreRead less
Next generation computable general equilibrium modelling for economic policy formulation and evaluation. The aim of this project is to create the next generation of computable general equilibrium (CGE) models. The project will do this by introducing into the CGE framework theoretical structures and data from engineering and environmental studies as well as from modern macroeconomics, labour economics, industrial organization, monetary economics and behavioural economics. CGE models are used by ....Next generation computable general equilibrium modelling for economic policy formulation and evaluation. The aim of this project is to create the next generation of computable general equilibrium (CGE) models. The project will do this by introducing into the CGE framework theoretical structures and data from engineering and environmental studies as well as from modern macroeconomics, labour economics, industrial organization, monetary economics and behavioural economics. CGE models are used by governments throughout the world to assist in policy formulation. The outcome of the project will be to improve the application of CGE models in the areas of: trade; environment; energy; immigration; public finance; and macro stimulation. Read moreRead less
Problems of identification and inference for 'non-standard' models in complex systems with special reference to finance and teletraffic. The project is concerned with 'non-standard' models needed to deal with complex systems, such as those exhibiting scaling and fractal properties. There is a focus on methods for dealing with heavy tailed distributions and long range dependent observations, for which most standard statistical methods break down, and on applications in finance and telecommunicati ....Problems of identification and inference for 'non-standard' models in complex systems with special reference to finance and teletraffic. The project is concerned with 'non-standard' models needed to deal with complex systems, such as those exhibiting scaling and fractal properties. There is a focus on methods for dealing with heavy tailed distributions and long range dependent observations, for which most standard statistical methods break down, and on applications in finance and telecommunications. An important part of the project concerns model validation for Heyde's fractal activity time geometric Brownian motion model, a candidate minimal description risky asset model to replace the geometric Brownian motion paradigm.Read moreRead less
Australian Real Time Data: Construction, Analysis and Implications for Real Time Policy Making. This first comprehensive macroeconomic real time database for Australia recording the actual data available to policy makers at the time of making decisions will serve as a standard reference for accurate ex post macroeconomic policy evaluation and for accurate forecasts and decision making which are robust to data revisions. The free database will be of interest to Australian researchers, economists, ....Australian Real Time Data: Construction, Analysis and Implications for Real Time Policy Making. This first comprehensive macroeconomic real time database for Australia recording the actual data available to policy makers at the time of making decisions will serve as a standard reference for accurate ex post macroeconomic policy evaluation and for accurate forecasts and decision making which are robust to data revisions. The free database will be of interest to Australian researchers, economists, forecasters and policy makers. Readily applicable and interpretable forecasts of the business cycle and the current state of the Australian (and US) economy (e.g. likelihood of recessions or inflation) will be of direct relevance to Australian policy-makers in Government, the Reserve Bank of Australia, and to the Australian decision-makers. Read moreRead less
Unraveling ocean mixing and air-sea forcing along the Indo-Pacific exchange. This project aims to collect unprecedented observations and develop high resolution model simulations to examine changes in the Indonesian Throughflow (ITF) north of Australia. This project expects to develop new knowledge of ocean-atmosphere interactions along the path of the ITF from the Pacific to the Indian Ocean, which are the powerhouse that drives changes in winds and rainfall around Australia and the entire Indo ....Unraveling ocean mixing and air-sea forcing along the Indo-Pacific exchange. This project aims to collect unprecedented observations and develop high resolution model simulations to examine changes in the Indonesian Throughflow (ITF) north of Australia. This project expects to develop new knowledge of ocean-atmosphere interactions along the path of the ITF from the Pacific to the Indian Ocean, which are the powerhouse that drives changes in winds and rainfall around Australia and the entire Indo-Pacific region. Expected outcomes include a 1000-fold increase in the observations of mixing in the Indonesian seas and new understanding of the ocean-atmosphere processes that control water property change along the ITF. This should lead to strong improvement in the skill of climate forecast models in the Australian region.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.
Understanding Online Education Through the Lens of Service Separation. This project examines consumer perceptions of and their differential responses to traditional versus online education through the lens of service separation. Service separation implies that the production and consumption of the service do not take place simultaneously. Thus, online course offerings, which are posted on the Internet and accessed remotely by students, represent a separated service. In contrast, traditional educ ....Understanding Online Education Through the Lens of Service Separation. This project examines consumer perceptions of and their differential responses to traditional versus online education through the lens of service separation. Service separation implies that the production and consumption of the service do not take place simultaneously. Thus, online course offerings, which are posted on the Internet and accessed remotely by students, represent a separated service. In contrast, traditional education represents an unseparated service, as the teaching and learning occur simultaneously in the classroom. This project will explain student preference for one mode of education delivery over the other in terms of their psychological motivation. The outcomes of this research are expected to influence the provision of higher education.Read moreRead less
Testing a new explanation of cloud feedback on global climate. A new analysis suggests that the sensitivity of global climate to greenhouse gases is largely controlled by the upward transport of water vapour in the lower troposphere, but the analysis did not examine clouds, which must be involved for the mechanism to be valid. The aim of the proposed project is to determine whether variations in cloud implied by this new explanation are supported by observations and process models. If the explan ....Testing a new explanation of cloud feedback on global climate. A new analysis suggests that the sensitivity of global climate to greenhouse gases is largely controlled by the upward transport of water vapour in the lower troposphere, but the analysis did not examine clouds, which must be involved for the mechanism to be valid. The aim of the proposed project is to determine whether variations in cloud implied by this new explanation are supported by observations and process models. If the explanation is confirmed, then for the first time in over 30 years of intense research it will be possible to determine the long-term severity of global warming by examining the present-day atmosphere. The expected outcome of this research is to clarify how and why low clouds change in altered climates.Read moreRead less
Investigating the impact of augmented reality on consumer decision making and marketing systems. The marketing environment is changing rapidly, with mobile digital devices providing consumers the ability to augment their physical reality with virtual representations. This project investigates how consumers make choices, how manufacturers design successful business practices and how regulators proscribe manipulative behaviour in these environments.