The predictive, behavioural and economic forecasting performance of alternative credit risk and bankruptcy models: a global study. This study empirically evaluates a range of "new age" credit risk models using a large global sample of failed firms and bond ratings data. The study will provide a substantive body of empirical evidence to assist regulators, creditors, investors and other users assess the merits, strengths and limitations of alternative risk modelling approaches.
Massively parallel algorithms for Bayesian inference and decision making. This project uses the graphical processing units of desktop computers, originally developed for games and video, to enhance substantially the quantitative tools used on a daily basis by economists. It will develop procedures and software to enhance the reliability of economic predictions and policy.
The economics of cooperative behaviour. Free-riding and rent-seeking, such as tax avoidance and nepotism, are group-undermining activities that societies including Australia continuously struggle with. The aim of this project is to develop a fuller understanding of how to protect human groups from these socially damaging group-related behaviours. Drawing on a conceptual grounding that combines ideas from across social science, the project aims to implement a suite of economic experiments to deve ....The economics of cooperative behaviour. Free-riding and rent-seeking, such as tax avoidance and nepotism, are group-undermining activities that societies including Australia continuously struggle with. The aim of this project is to develop a fuller understanding of how to protect human groups from these socially damaging group-related behaviours. Drawing on a conceptual grounding that combines ideas from across social science, the project aims to implement a suite of economic experiments to develop a view of humans' cooperative behaviour that unites several strands of economics literature and offers new insights about how institutions that counter free-riding and rent-seeking arise and are maintained.Read moreRead less
Strengthening economic resilience in Monsoon Asia. Sharing, reciprocity and resource pooling are at the frontline of recovery and relief when economic crisis or disaster hits Monsoon Asia. This research aims to shed light on cases where these economic practices have been innovatively harnessed to diversify livelihoods and build economic resilience. Working with contemporary Asian scholars, practitioners in the disaster field and a data set gleaned from multiple sources, including mid-20th centur ....Strengthening economic resilience in Monsoon Asia. Sharing, reciprocity and resource pooling are at the frontline of recovery and relief when economic crisis or disaster hits Monsoon Asia. This research aims to shed light on cases where these economic practices have been innovatively harnessed to diversify livelihoods and build economic resilience. Working with contemporary Asian scholars, practitioners in the disaster field and a data set gleaned from multiple sources, including mid-20th century tropical geography texts, the project aims to bring to the fore a regional landscape of diverse economic practices across Monsoon Asia. A cross-regional on-line knowledge community is expected to be formed to explore how this asset base might be mobilised towards more effective local development and disaster response.Read moreRead less
Farmers of the Future: the Challenges of Feminised Agriculture in India. Neoliberal economic policies are fundamentally transforming the social landscapes of rural India, causing a deep agrarian crisis. The agrarian changes accentuate the unequal consequences for poor women and men in relation to: production (labour, tenure); livelihood and food security; access to and ownership of assets such as land and water and access to agricultural innovations and institutions. This multiscalar project inv ....Farmers of the Future: the Challenges of Feminised Agriculture in India. Neoliberal economic policies are fundamentally transforming the social landscapes of rural India, causing a deep agrarian crisis. The agrarian changes accentuate the unequal consequences for poor women and men in relation to: production (labour, tenure); livelihood and food security; access to and ownership of assets such as land and water and access to agricultural innovations and institutions. This multiscalar project investigates the causes and consequences of feminisation of agriculture in India’s transitioning economy in order to understand how gender roles and relations are being re-shaped in communities and households in diverse socioeconomic and cultural contexts and agro-ecological areas.Read moreRead less
New theory and methods for robust global optimisation: modern decision-making under uncertain conditions. The project will produce enhanced optimisation methodologies for solving a wide range of industrial and scientific problems that are affected by data uncertainty and are currently too complex to be solved. The work has the potential to improve the quality and the performance of various Australian industries and many areas of scientific research.
Does retail petrol price respond asymmetrically to changes in its cost? A modelling framework. This project will offer a model for assessing the abnormal-price setting for various goods and services, leading to greater transparency of the market. The modelling framework proposed in this project will assist in resolving a significant policy issue, which is now the subject of considerable public debate and not thoroughly examined to date.
A revolution in Earth History: Life and Environment in the Neoarchaean (2.5-2.8 Ga). This research will keep Australian scientists in the forefront of studies of early life on Earth. At a time when there is a great deal of interest in this topic because of the search for similar life elsewhere in the Solar System, this work will take a prominant place in international research. It will attract leading researchers from elsewhere, with consequent intellectual benefits, and will inspire students t ....A revolution in Earth History: Life and Environment in the Neoarchaean (2.5-2.8 Ga). This research will keep Australian scientists in the forefront of studies of early life on Earth. At a time when there is a great deal of interest in this topic because of the search for similar life elsewhere in the Solar System, this work will take a prominant place in international research. It will attract leading researchers from elsewhere, with consequent intellectual benefits, and will inspire students to careers in science.Read moreRead less
An Edition of the Remaining Unpublished Writings of JM Keynes. John Maynard Keynes, one of the most influential of 20th century economists, has returned to prominence during the recent global crisis. Despite his intellectual importance, a vast quantity of his writings on economics, philosophy, politics and other subjects remains unpublished. This project aims to address this issue by publishing these writings in a twelve volume edition, commencing with necessary groundwork for the edition as a w ....An Edition of the Remaining Unpublished Writings of JM Keynes. John Maynard Keynes, one of the most influential of 20th century economists, has returned to prominence during the recent global crisis. Despite his intellectual importance, a vast quantity of his writings on economics, philosophy, politics and other subjects remains unpublished. This project aims to address this issue by publishing these writings in a twelve volume edition, commencing with necessary groundwork for the edition as a whole and preparation of the first two volumes. The expected outcomes are a prestigious international edition, deeper understandings of Keynes’s economic theories and policies and their foundations, and subsequent publications analysing the significance of these writings.Read moreRead less
The unpublished writings of JM Keynes. Our knowledge of the writings of JM Keynes, an economist to whom many policy-makers have turned in the recent global crisis, is seriously incomplete. The project addresses this issue by producing the opening volumes of a twelve volume edition that provides access to his many unpublished contributions to economics, philosophy and politics.