The implications for greying Australia of international property market interlinkages. Recent events in global financial markets have had a major effect on the retirement plans of Australians and the living standards of retirees. This research will permit pension fund managers to better gauge the fundamental links that exist across international property markets, as well as provide a better understanding for both academics and practitioners on the driving forces that link international real est ....The implications for greying Australia of international property market interlinkages. Recent events in global financial markets have had a major effect on the retirement plans of Australians and the living standards of retirees. This research will permit pension fund managers to better gauge the fundamental links that exist across international property markets, as well as provide a better understanding for both academics and practitioners on the driving forces that link international real estate markets together. The research will benefit all Australians as the outcomes will result in improved risk and return performance for superannuation funds, leading to a better standard of living for all retirees.Read moreRead less
Measuring uncertainty in global housing markets and its risk to Australia. This project aims to develop and construct a measure of systemic risk for the national real-estate markets in Australia, and its main trading partners, namely China, Japan, New Zealand, United Kingdom and United States of America. Recently developed methodology will be used to investigate how real estate risks migrate across these countries over time, and during periods of financial turbulence. This methodology is intende ....Measuring uncertainty in global housing markets and its risk to Australia. This project aims to develop and construct a measure of systemic risk for the national real-estate markets in Australia, and its main trading partners, namely China, Japan, New Zealand, United Kingdom and United States of America. Recently developed methodology will be used to investigate how real estate risks migrate across these countries over time, and during periods of financial turbulence. This methodology is intended to be employed as part of a market stability surveillance program and for assessing the impact of real-estate risk on the overall economy. Early detection of the onset of future housing bubble collapses would be of significant benefit to policy makers, Australia’s trading partners, the real estate industry and ultimately home buyers.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE190100840
Funder
Australian Research Council
Funding Amount
$375,000.00
Summary
Monitoring financial bubbles using high-frequency data. This project aims to develop an econometric procedure for monitoring speculative behaviour, often labelled as bubbles, in financial markets. There has been widespread recognition that financial speculation can inflict harm on the real economy. Crises or recessions are often preceded by excessive asset market speculation. This project will utilise intraday information for bubble detection and address major technical challenges arising from h ....Monitoring financial bubbles using high-frequency data. This project aims to develop an econometric procedure for monitoring speculative behaviour, often labelled as bubbles, in financial markets. There has been widespread recognition that financial speculation can inflict harm on the real economy. Crises or recessions are often preceded by excessive asset market speculation. This project will utilise intraday information for bubble detection and address major technical challenges arising from high-frequency financial data. It is expected to significantly improve the speed and accuracy of bubble detection, thereby providing more timely and precise warning alerts for investment decisions, market surveillance and policy action.Read moreRead less
Valuation, Investment Timing and Equity Financing of Commercial Real Estate in the Australian Market. Commercial real estate represents a significant component of the investment opportunities available in Australia. This sector is currently valued at approximately $1,500 billion with in excess of 85% of development financed via property trusts. The effective management of these assets requires an understanding of the tools available and their impact on risk and return. Despite its importance th ....Valuation, Investment Timing and Equity Financing of Commercial Real Estate in the Australian Market. Commercial real estate represents a significant component of the investment opportunities available in Australia. This sector is currently valued at approximately $1,500 billion with in excess of 85% of development financed via property trusts. The effective management of these assets requires an understanding of the tools available and their impact on risk and return. Despite its importance there is limited empirical evidence on the factors that influence land pricing, the development process and the provision of equity financing to this sector. Here we propose to undertake two interrelated studies designed to address this gap, providing management with a benchmark for assessing investment alternatives within the real estate sector.Read moreRead less
Helping Central Banks Measure Unobserved Variables Using Real-time Forecasts. The project addresses structural measurement problems confronted routinely by central bankers. The techniques developed, and the estimates provided, will aid directly the Partner Organisations (the Reserve Bank of Australia, the Reserve Bank of New Zealand and Norges Bank) and other central banks in formulating monetary policy. The analysis will allow interest rates in Australia and elsewhere to be set with greater pre ....Helping Central Banks Measure Unobserved Variables Using Real-time Forecasts. The project addresses structural measurement problems confronted routinely by central bankers. The techniques developed, and the estimates provided, will aid directly the Partner Organisations (the Reserve Bank of Australia, the Reserve Bank of New Zealand and Norges Bank) and other central banks in formulating monetary policy. The analysis will allow interest rates in Australia and elsewhere to be set with greater precision. The techniques developed in this project will facilitate the understanding and communication of monetary policy within the central banks concerned, and enhance communication of monetary policy strategy to the public.Read moreRead less
Intra-genomic conflict and the evolution of sexually selected traits. The dynamics of sexual selection may prevent the simultaneous optimization of traits shared by the sexes, or of different traits within each sex. This proposal focuses on the consequences of these conflicts for phenotypic and genomic evolution. First, I will compare selection acting on a sexually dimorphic trait in males and females. Second, I will use artificial selection to create a novel sexually dimorphic trait, and track ....Intra-genomic conflict and the evolution of sexually selected traits. The dynamics of sexual selection may prevent the simultaneous optimization of traits shared by the sexes, or of different traits within each sex. This proposal focuses on the consequences of these conflicts for phenotypic and genomic evolution. First, I will compare selection acting on a sexually dimorphic trait in males and females. Second, I will use artificial selection to create a novel sexually dimorphic trait, and track the evolutionary response. Third, I will investigate the link between two important fitness traits: body size and ageing rate. This work will enhance important on-going research in the laboratory of Robert Brooks (UNSW).Read moreRead less
Harmonic analysis of Laplacians in curved spaces. Harmonic Analysis is a branch of mathematics which is interrelated to other fields of mathematics like complex analysis, number theory and partial differential equations (pdes) with many applications in engineering and technology. This project aims to solve a number of difficult fundamental problems at the frontier of harmonic analysis in understanding Laplacians in curved spaces. Such Laplacians control the propagation of heat and waves on manif ....Harmonic analysis of Laplacians in curved spaces. Harmonic Analysis is a branch of mathematics which is interrelated to other fields of mathematics like complex analysis, number theory and partial differential equations (pdes) with many applications in engineering and technology. This project aims to solve a number of difficult fundamental problems at the frontier of harmonic analysis in understanding Laplacians in curved spaces. Such Laplacians control the propagation of heat and waves on manifolds and Lie groups, arising in mathematical physics and quantum mechanics. Expected outcomes are the solutions of dispersive equations and the framework of singular integrals in curved spaces; new ideas and techniques in harmonic analysis developed; and training of Australian future mathematicians.Read moreRead less
Generalised conformal mappings. A conformal mapping preserves shape, at least at very small scale, circles are mapped to circles. The more recently introduced quasi-conformal mappings nearly preserves shape, at least at a very small scale, circles are mapped to regions which are similar to circles. This project will allow different directions to be scaled differently, and will consider mappings that send circles to ellipses of arbitrary eccentricity. The theory to be developed is mathematical an ....Generalised conformal mappings. A conformal mapping preserves shape, at least at very small scale, circles are mapped to circles. The more recently introduced quasi-conformal mappings nearly preserves shape, at least at a very small scale, circles are mapped to regions which are similar to circles. This project will allow different directions to be scaled differently, and will consider mappings that send circles to ellipses of arbitrary eccentricity. The theory to be developed is mathematical and it will provide a unified approach to important results in several areas, including Lie groups and functions of several complex variables. Read moreRead less
Symmetries in real and complex geometry. This project concerns an important area of abstract modern geometry. The results and techniques of the project will lead to significant progress in this area. It will benefit the national scientific reputation, strengthen the research profile of the home institutions, and provide training to young researchers.
Discovery Early Career Researcher Award - Grant ID: DE140100223
Funder
Australian Research Council
Funding Amount
$385,735.00
Summary
Diophantine approximation, transcendence, and related structures. Sequences produced by low-complexity structures are objects of importance to mathematics, linguistics and theoretical computer science. In the 1960s, Chomsky and Schützenberger formalised and popularised a hierarchy of such objects. In the 1920s, Mahler provided a corresponding analytic framework, which has proven extremely useful for analysing the algebraic character of low-complexity real numbers. This project will further devel ....Diophantine approximation, transcendence, and related structures. Sequences produced by low-complexity structures are objects of importance to mathematics, linguistics and theoretical computer science. In the 1960s, Chomsky and Schützenberger formalised and popularised a hierarchy of such objects. In the 1920s, Mahler provided a corresponding analytic framework, which has proven extremely useful for analysing the algebraic character of low-complexity real numbers. This project will further develop Mahler's method in order to investigate the connection between the algebraic and arithmetic properties of real numbers and the various Chomskian complexity measures of those numbers. The results of this proposal will advance our knowledge of the nature of "randomness" in low-complexity arithmetic sequences.Read moreRead less