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
Wearable thermoelectric textiles for portable microelectronics. Wearable thermoelectrics enable the power generation from the temperature difference between human body and ambient temperature by using thermoelectric effect. This project aims to design eco-friendly wearable thermoelectric textiles to realize high-efficiency solid-state power generation and meet individual needs with human comfort and health. The target is to achieve a power density in the as-designed thermoelectric textiles by th ....Wearable thermoelectric textiles for portable microelectronics. Wearable thermoelectrics enable the power generation from the temperature difference between human body and ambient temperature by using thermoelectric effect. This project aims to design eco-friendly wearable thermoelectric textiles to realize high-efficiency solid-state power generation and meet individual needs with human comfort and health. The target is to achieve a power density in the as-designed thermoelectric textiles by the optimization of materials and device design. The outcome will open up a new platform for the green and sustainable charge for portable microelectronics, which will lead to an innovative technology for energy management, which will place Australia at the forefront of wearable electronics and textile industry.Read moreRead less
Unlocking Australia's offshore gas endowment. This project aims to develop practical new methods of predicting and detecting the formation of solids in gas and liquefied natural gas (LNG) production. Australia has large offshore reserves of natural gas and has made the investments necessary to help fuel the global transition to cleaner, reliable energy sources. However, conventional engineering approaches of producing gas from deep-water reserves have reached the limits of viability because of t ....Unlocking Australia's offshore gas endowment. This project aims to develop practical new methods of predicting and detecting the formation of solids in gas and liquefied natural gas (LNG) production. Australia has large offshore reserves of natural gas and has made the investments necessary to help fuel the global transition to cleaner, reliable energy sources. However, conventional engineering approaches of producing gas from deep-water reserves have reached the limits of viability because of the costs required to prevent solids forming in subsea pipelines or cryogenic LNG plants. The project’s expected outcome include sophisticated tools in open-access software based on these new predictive methods, and a step-change in Australia’s ability to access its offshore gas.Read moreRead less
Removing Seabirds From The Otterboard Trawler Danger Zone.
Funder
Fisheries Research and Development Corporation
Funding Amount
$150,000.00
Summary
The conservation status of seabirds means that any level of interaction is of serious concern. The only known mitigation strategy known to reduce interactions to almost zero is to not discard biological material (discards and offal) while fishing gear is in the water. In late March AFMA advised industry that vessels fishing south of 38.00 (the Victorian southern coast) would not be able to discard biological material while fishing. This regulation is to be rolled out in two phases starting ....The conservation status of seabirds means that any level of interaction is of serious concern. The only known mitigation strategy known to reduce interactions to almost zero is to not discard biological material (discards and offal) while fishing gear is in the water. In late March AFMA advised industry that vessels fishing south of 38.00 (the Victorian southern coast) would not be able to discard biological material while fishing. This regulation is to be rolled out in two phases starting executed in July and September 2019. AFMA contend that this will reduce catches on impacted (southern) trawlers by 20% but SETFIA believes that this might be up to 40%. AFMA and SETFIA agree that the SETF's revenue will reduce by $6-12m from $40m to $28-34m in its current form. Additional AFMA management costs associated with seabird mitigation will bring 2019/20 levies to $3m which will be 9-11% of revenue. SETFIA and AFMA have agreed that in principle exemptions can be granted IF vessels can prove that seabirds are no longer attracted to the area where trawl warps enter the water (the "danger" zone). The purpose of this urgent application is to seek emergency funding to fund innovation around how trawl vessels might stop birds from entering this danger zone. Without a solution it is likely that given the increase in levies of $0.5-1.0m and decrease in revenue, many southern trawl vessel operations will cease to be profitable and leave the fishery. Further, small New Zealand trawlers are not subject to any seabird mitigations; this fleet is the main competitor to SETF sales. As vessels exit the fishery the levy base will be spread across remaining vessels and the fishery may be reach a tipping point in which it collapses. The SETF is the major supplier of local finfish to the Sydney and Melbourne fish markets and it the largest Commonwealth managed finfish fishery in Australia. Objectives: 1. Development of strategies to remove seabirds from the danger zone (between trawl warps and the water), i.e. achieve exemptions from the "no biological material discharge while fishing" rule 2. When successful distribute these strategies to other trawl fishers allowing them to duplicate them where possible Read moreRead less
Powering Next Generation Wearable Electronics: Moisture Electric Generator . This project aims to develop next generation energy harvesting device which can directly generate electricity from the moisture in the air for self-powered, wearable electronics. The goal will be achieved by developing a new class of carbon based nanomaterials and large scale printing technology, through optimizing the materials defects, printing process and electrode configuration. The expected outcomes will be new el ....Powering Next Generation Wearable Electronics: Moisture Electric Generator . This project aims to develop next generation energy harvesting device which can directly generate electricity from the moisture in the air for self-powered, wearable electronics. The goal will be achieved by developing a new class of carbon based nanomaterials and large scale printing technology, through optimizing the materials defects, printing process and electrode configuration. The expected outcomes will be new electronic materials for a wide range of end uses in wearable electronics, significant advances in self-powered, environmentally friendly devices, and commercialisation of the technology to Australian industries.Read moreRead less
Sustainable recovery of gas hydrate using carbondioxide. This project aims to develop a gas exchange method to sustainably extract methane from gas hydrates – an abundant and far cleaner energy than coal – while simultaneously sequestering carbon dioxide in its place. This project expects to overcome existing methods’ risk of contaminating the ocean and killing sea life with methane gas. Expected outcomes of this project include a framework of the mechanics of gas hydrates during gas exchange; e ....Sustainable recovery of gas hydrate using carbondioxide. This project aims to develop a gas exchange method to sustainably extract methane from gas hydrates – an abundant and far cleaner energy than coal – while simultaneously sequestering carbon dioxide in its place. This project expects to overcome existing methods’ risk of contaminating the ocean and killing sea life with methane gas. Expected outcomes of this project include a framework of the mechanics of gas hydrates during gas exchange; experimental exploration of the new method; and strategies for efficient gas recovery. This should provide significant benefits in that swapping waste carbon dioxide for an ample low-carbon energy source caters to ever-growing global energy demands while still reducing greenhouse emissions.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE230101151
Funder
Australian Research Council
Funding Amount
$454,532.00
Summary
Harnessing social norms to find a socially acceptable energy transition. This project aims to discover the potential of social norms to enable energy-producing communities to explore and define a socially acceptable energy transition. By implementing and evaluating a new social norm change intervention in the Upper Hunter region, this project expects to generate new knowledge about what matters most to communities facing transition, and how norms, identities, and networks interact to enable or c ....Harnessing social norms to find a socially acceptable energy transition. This project aims to discover the potential of social norms to enable energy-producing communities to explore and define a socially acceptable energy transition. By implementing and evaluating a new social norm change intervention in the Upper Hunter region, this project expects to generate new knowledge about what matters most to communities facing transition, and how norms, identities, and networks interact to enable or constrain change. Outcomes include direct input to energy transition planning, enhanced collaboration with policy and civil society, and new international research networks. This should provide significant benefits by helping Australian communities and policy-makers navigate the local impacts of global energy transition.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE190101296
Funder
Australian Research Council
Funding Amount
$386,552.00
Summary
Unlocking lab-to-field scaling in design for floating offshore structures. This project aims to develop rigorous, physics-based models to accurately predict hydrodynamics of floating offshore structures at different scales. The project will address the issue between laboratory-to-field scaling, a fundamental problem in fluid dynamics. This outcome will be achieved through the integration of numerical technology, with physical modelling and field data acquisition. The outputs from this project wi ....Unlocking lab-to-field scaling in design for floating offshore structures. This project aims to develop rigorous, physics-based models to accurately predict hydrodynamics of floating offshore structures at different scales. The project will address the issue between laboratory-to-field scaling, a fundamental problem in fluid dynamics. This outcome will be achieved through the integration of numerical technology, with physical modelling and field data acquisition. The outputs from this project will reduce risks and improve operability of existing offshore structures, and lead to more efficient design for potential floating offshore projects. This will benefit the whole community of floating offshore structures and cement Australia’s place as a pioneer in offshore industry and emerging renewable energy sector.Read moreRead less