Prior sensitivity analysis for Bayesian Markov chain Monte Carlo output. This project aims to develop the first set of techniques to implement an automated output sensitivity analysis for Markov Chain Monte Carlo (MCMC) estimation methods. Computationally intense Bayesian MCMC provide a powerful alternative to classical methods for the estimation of economic models. An obstacle to their wider application is that researchers need to specify prior beliefs about model parameters that will affect t ....Prior sensitivity analysis for Bayesian Markov chain Monte Carlo output. This project aims to develop the first set of techniques to implement an automated output sensitivity analysis for Markov Chain Monte Carlo (MCMC) estimation methods. Computationally intense Bayesian MCMC provide a powerful alternative to classical methods for the estimation of economic models. An obstacle to their wider application is that researchers need to specify prior beliefs about model parameters that will affect the results. The expected outcomes will enable researchers to undertake a routine assessment of the sensitivity of the results to prior inputs.Read moreRead less
Asset Market Interconnectedness and Exotic Options: The Mean Impact Surface. The project intends to develop models to price financial risk more accurately during periods of financial stress and increasing global interconnectedness. Specifically, it plans to develop a new class of latent factor models with time-varying loadings to model the interconnectedness of global financial markets during periods of financial stress. A key feature of the proposed model is the role of second-order conditional ....Asset Market Interconnectedness and Exotic Options: The Mean Impact Surface. The project intends to develop models to price financial risk more accurately during periods of financial stress and increasing global interconnectedness. Specifically, it plans to develop a new class of latent factor models with time-varying loadings to model the interconnectedness of global financial markets during periods of financial stress. A key feature of the proposed model is the role of second-order conditional moments of the underlying innovation processes in modelling asset return dynamics. The proposed model is characterised by higher order nonlinear structures which are captured graphically by the mean impact surface. The project also plans to develop a new class of tests to detect higher order dependencies among asset returns in the presence of time-varying volatility, and to investigate the implications for constructing portfolios with exotic options to hedge risk during financial crises.Read moreRead less
Dynamic Count Models of Financial Contagion with Applications to Global Banking and Currency Crises. An international model of contagion and interconnectedness is developed and applied using annual time series on banking and currency crises in developed and emerging countries. The model represents a new class of multivariate dynamic count models that allows for important dynamical interactions to capture the transmission of financial crises across national and international asset markets. The p ....Dynamic Count Models of Financial Contagion with Applications to Global Banking and Currency Crises. An international model of contagion and interconnectedness is developed and applied using annual time series on banking and currency crises in developed and emerging countries. The model represents a new class of multivariate dynamic count models that allows for important dynamical interactions to capture the transmission of financial crises across national and international asset markets. The properties of the models are investigated as well as the development of new estimation methods based on simulation techniques. An important implication of the approach is that it can be used as an early warning signal of future crises, thereby providing an input into the design of future policy on crisis management.Read moreRead less
Food system resilience in Indonesia: A moral economy approach. This project aims to understand and enhance food security in Indonesia and beyond. It examines culture-specific moral concepts, embedded in food systems and daily practices, that affect food security. For 60 years, the dominant approach to food security has been to boost supply by industrialising agriculture and liberalising trade, but this market-based approach has failed. One billion people are food insecure. The project will condu ....Food system resilience in Indonesia: A moral economy approach. This project aims to understand and enhance food security in Indonesia and beyond. It examines culture-specific moral concepts, embedded in food systems and daily practices, that affect food security. For 60 years, the dominant approach to food security has been to boost supply by industrialising agriculture and liberalising trade, but this market-based approach has failed. One billion people are food insecure. The project will conduct case studies of three food systems to examine how moral economies ameliorate market failures locally and how different rural development programs disrupt or enhance their capacity to do so. The data produced could inform food security-friendly development of trade policies and provide the evidence base for UN efforts toward a global food solidarity pact.Read moreRead less
Green shoots? Exploring the genesis and development of a Green Economy in Australia. Creating a green economy is fundamental to the sustainability of Australia in the twenty-first-century. This project will explore the genesis of this new economy, and for the first time, develop a classification of green industries, measure their significance and map the geography of the nation's green economy by sector and region.
The Coupling of Plasticity, Microstructure and Phase Transformations in the Design of Novel Magnesium Alloys for the Automotive Industry. The desire to reduce the weight of automobiles due to legislative requirements on fuel emissions and to reduce overall fuel consumption is the driving force behind research into the development of new Mg-based alloys to replace the heavier steel and Al-alloy components in automobiles. Given the enormous worldwide transportation market and the environmental and ....The Coupling of Plasticity, Microstructure and Phase Transformations in the Design of Novel Magnesium Alloys for the Automotive Industry. The desire to reduce the weight of automobiles due to legislative requirements on fuel emissions and to reduce overall fuel consumption is the driving force behind research into the development of new Mg-based alloys to replace the heavier steel and Al-alloy components in automobiles. Given the enormous worldwide transportation market and the environmental and legislative motivation for reducing fuel emissions, the development of new Mg-based alloys capable of meeting this demand from automotive manufacturers represents both a potentially large economic advantage to the country of development as well as helping to address the environmental concern about fuel emissions.Read moreRead less
Coupled subduction dynamics and continent deformations: understanding the Asian and Red Sea tectonics. Modeling slab pull forces and lithospheric deformation provides a new insight in the dynamics of plate tectonics. Unraveling the self-consistent formation of faults, rifts, shear zones and up to passive margin will further the understanding of our planet. Furthermore the application of these models to specific geological contexts will support the exploration and assessment of inaccessible Ear ....Coupled subduction dynamics and continent deformations: understanding the Asian and Red Sea tectonics. Modeling slab pull forces and lithospheric deformation provides a new insight in the dynamics of plate tectonics. Unraveling the self-consistent formation of faults, rifts, shear zones and up to passive margin will further the understanding of our planet. Furthermore the application of these models to specific geological contexts will support the exploration and assessment of inaccessible Earth's resources, such as hydrocarbons pools, located along the deep Australian continent margins, and diamonds and ore deposits, associated with continental shear zones, which potential is still to be fully discovered.Read moreRead less
Heterobimetallic Coordination Complexes Containing Rare Earth and d-Block Ions. Rare earth compounds have major industrial applications such as MRI contrast agents and as catalysts within the rubber and petroleum industries. The fundamental knowledge ensuing from this project has the potential to produce new and advanced magnetic materials. Nanotechnological industries are being developed in Australia and this research will provide materials with the capacity to act as optical or electrical sw ....Heterobimetallic Coordination Complexes Containing Rare Earth and d-Block Ions. Rare earth compounds have major industrial applications such as MRI contrast agents and as catalysts within the rubber and petroleum industries. The fundamental knowledge ensuing from this project has the potential to produce new and advanced magnetic materials. Nanotechnological industries are being developed in Australia and this research will provide materials with the capacity to act as optical or electrical switches, magnetic storage devices or molecular sensors. This pioneering work will ensure that Australia remains at the forefront of chemical research within the rapidly advancing field of magnetochemistry.Read moreRead less
Platinum deposit genesis: A new way of thinking. Platinum is becoming increasingly crucial to the high technology sector, and is used particularly in catalytic converters and fuel cells, which serve to minimise or eliminate car exhaust pollution. Greatly expanded resources of this precious metal are needed to help society's transition to a low carbon dioxide (CO2) lifestyle. This project will combine high temperature-pressure experiments with geological field research to greatly improve our unde ....Platinum deposit genesis: A new way of thinking. Platinum is becoming increasingly crucial to the high technology sector, and is used particularly in catalytic converters and fuel cells, which serve to minimise or eliminate car exhaust pollution. Greatly expanded resources of this precious metal are needed to help society's transition to a low carbon dioxide (CO2) lifestyle. This project will combine high temperature-pressure experiments with geological field research to greatly improve our understanding of how platinum ore deposits form and thus where to find them. The outcomes of this project will change mineral exploration strategies in Australia and around the world, and facilitate our progression to a cleaner, greener future.Read moreRead less
Influence of Impurities in Commercial Solvent Extraction Processes. This project directly supports the solvent extraction industry in Australia. This industry is responsible for generating in excess of $600M annually of export earnings for Australia. This type of technology can be applied in the recovery of base metals such as coper, nickel, cobalt, etc and in the environmental area for the clean up of heavy metals from waste water. Solvent extraction has the advantage of high selectivity that ....Influence of Impurities in Commercial Solvent Extraction Processes. This project directly supports the solvent extraction industry in Australia. This industry is responsible for generating in excess of $600M annually of export earnings for Australia. This type of technology can be applied in the recovery of base metals such as coper, nickel, cobalt, etc and in the environmental area for the clean up of heavy metals from waste water. Solvent extraction has the advantage of high selectivity that enables metals to be recovered and recycled, thus reducing the wastage of these metals in, for example, the chromium plating process.Read moreRead less