Evaluating Research Policy in Australian Broadacre Agriculture - Accounting for Interactions between the Beef, Sheep Meat, Wool, and Grains Industries. This project studies the returns from R&D investments in Australia's broadacre agricultural industries and equity in the funding of these investments. The contribution is to explicitly recognise the interaction across cattle, sheep and cropping enterprises, while past analyses have been single industry approach. Econometric models of multi-output ....Evaluating Research Policy in Australian Broadacre Agriculture - Accounting for Interactions between the Beef, Sheep Meat, Wool, and Grains Industries. This project studies the returns from R&D investments in Australia's broadacre agricultural industries and equity in the funding of these investments. The contribution is to explicitly recognise the interaction across cattle, sheep and cropping enterprises, while past analyses have been single industry approach. Econometric models of multi-output profit function for Australian broadacre agriculture and demand systems involving these products are estimated. A multi-industry equilibrium displacement model is developed to simulate the incidence of both costs and returns of agricultural R&D, with cross-industry interaction recognised. The project is likely to contribute to the way agricultural research is administered and funded in Australia.Read moreRead less
The Macroeconomic Effects of Global Uncertainty. This project aims to estimate the first global uncertainty index to enable Australian policymakers to design policies to efficiently manage global uncertainty shocks and limit the recessionary effects of such shocks. Uncertainty is a crucial driver of household and business consumption and investment decisions and, therefore, countries' business cycles. A global uncertainty index would aim to identify the role of global uncertainty as a driver of ....The Macroeconomic Effects of Global Uncertainty. This project aims to estimate the first global uncertainty index to enable Australian policymakers to design policies to efficiently manage global uncertainty shocks and limit the recessionary effects of such shocks. Uncertainty is a crucial driver of household and business consumption and investment decisions and, therefore, countries' business cycles. A global uncertainty index would aim to identify the role of global uncertainty as a driver of Australia's business cycle fluctuations, to understand if this role has become more relevant in recent historical periods due to globalisation, and to understand if the effects of fluctuations in global uncertainty have been more severe in economic recessions. The intended outcome of the project is to provide policy-makers with key inputs to design policies able to limit the severity of recessions and lift Australia's growth.Read moreRead less
China's Exports and Growth and Major East Asia Summit Economies - Exploring Regional Impact and Policy Responses. The project benefits Australia's current long-term economic priorities and engagement with Asia in five ways. It provides: (1) collaborative research with East Asia Summit (EAS) networked experts on topics of mutual interest, (2) a new perspective on the effects of China on EAS4 trade and growth, (3) substantive improved findings on EAS4 economic and trade policy options, (4) signifi ....China's Exports and Growth and Major East Asia Summit Economies - Exploring Regional Impact and Policy Responses. The project benefits Australia's current long-term economic priorities and engagement with Asia in five ways. It provides: (1) collaborative research with East Asia Summit (EAS) networked experts on topics of mutual interest, (2) a new perspective on the effects of China on EAS4 trade and growth, (3) substantive improved findings on EAS4 economic and trade policy options, (4) significant inputs to analysis, debates and negotiations in the recently proposed EAS free trade agreement (FTA), and (5) useful applications to Australia's similar bilateral FTAs under negotiation (e.g., Australia-Korea and Japan FTAs).Read moreRead less
Macroeconomic Consequences of Macroprudential Policy. This project aims to investigate the macroeconomic consequences of macroprudential policies and to provide robust, empirically-based advice to policy-makers about how they should be conducted. The global financial crisis motivated many nations to introduce new policies – known as macroprudential policies – with the explicit goal of maintaining financial stability. Important components of the project include estimation of a multisector small o ....Macroeconomic Consequences of Macroprudential Policy. This project aims to investigate the macroeconomic consequences of macroprudential policies and to provide robust, empirically-based advice to policy-makers about how they should be conducted. The global financial crisis motivated many nations to introduce new policies – known as macroprudential policies – with the explicit goal of maintaining financial stability. Important components of the project include estimation of a multisector small open economy model with interactions between the financial sector and the rest of the macroeconomy and development of new methods to evaluate these policies. Assessing the sensitivity of the performance of macroprudential policies to variations in key dimensions of the model is another important aspect.Read moreRead less
Uncertainty, financial frictions, and the Australian business cycle. This project aims to investigate the macroeconomic consequences of disruptions in financial markets and heightened uncertainty about the future. Key components of the project include new measures of uncertainty and development of new tools to estimate flexible empirical and structural models of uncertainty and financial frictions. The project expects to provide policymakers with tools to design effective policies to counteract ....Uncertainty, financial frictions, and the Australian business cycle. This project aims to investigate the macroeconomic consequences of disruptions in financial markets and heightened uncertainty about the future. Key components of the project include new measures of uncertainty and development of new tools to estimate flexible empirical and structural models of uncertainty and financial frictions. The project expects to provide policymakers with tools to design effective policies to counteract the effects of heightened uncertainty and financial disruptions. The results of this project are expected to put Australia at the frontier of the international scientific research on the macroeconomic effects of uncertainty and financial frictions.Read moreRead less
Solving the water crisis in Australian cities and towns with options contracts between urban and rural water users. We will equip water resource managers with a powerful and effective tool for the allocation of water resources between rural and urban sectors. The importance of this bridge cannot be understated. To date urban centres have endured stringent water restrictions to manage dwindling urban suppliers, while ignoring the potential benefits of purchasing water from the irrigated agricul ....Solving the water crisis in Australian cities and towns with options contracts between urban and rural water users. We will equip water resource managers with a powerful and effective tool for the allocation of water resources between rural and urban sectors. The importance of this bridge cannot be understated. To date urban centres have endured stringent water restrictions to manage dwindling urban suppliers, while ignoring the potential benefits of purchasing water from the irrigated agriculture sector. Furthermore, rural communities have suffered hardship due to restricted agricultural production during times of drought. This research proposal represents an exciting solution to both problems and offers the tantalising prospect of water shortages in our capital cities and towns becoming distant memories.Read moreRead less
Obesity Prevention Among Low Income Families: Economic and Strategic Modelling. This study will inform social and economic policies to improve the access and consumption of healthy foods in low income families. This will help prevent and treat obesity in these vulnerable groups.