Change Detection in Causal Relationships and Measurement of Systemic Risk. Empirical measures of interconnectedness between financial institutions based on tests of Granger causality are currently used in detecting systemic risk. However, researchers need to define periods of calm and stress exogenously in order to implement these tests appropriately. This project aims to develop a new procedure to identify changes in causal relationships and the timing of these changes. The new approach has the ....Change Detection in Causal Relationships and Measurement of Systemic Risk. Empirical measures of interconnectedness between financial institutions based on tests of Granger causality are currently used in detecting systemic risk. However, researchers need to define periods of calm and stress exogenously in order to implement these tests appropriately. This project aims to develop a new procedure to identify changes in causal relationships and the timing of these changes. The new approach has the potential to be a significant improvement in the real-time identification of emerging turmoil in financial markets and provide an improved method for the detection of systemic risk. The new test procedure will be implemented using data for financial and non-financial institutions across Europe, the US and Australia.Read moreRead less
Managing urban trees. Managing urban trees. This project aims to explore the effects of different urban tree types and plantings on people and wildlife in Melbourne, Moreland and Ballarat so they can better plan their future urban forests. Local governments spend millions of dollars planting and maintaining urban trees every year. Research provides little guidance to these land managers when making critical decisions in a rapidly changing social and physical environment. This project will combin ....Managing urban trees. Managing urban trees. This project aims to explore the effects of different urban tree types and plantings on people and wildlife in Melbourne, Moreland and Ballarat so they can better plan their future urban forests. Local governments spend millions of dollars planting and maintaining urban trees every year. Research provides little guidance to these land managers when making critical decisions in a rapidly changing social and physical environment. This project will combine tree inventory data with new information on the social and ecological effects of trees (e.g. human well-being, bird diversity). This research is expected to guide future tree management decisions that have better social and environmental outcomes for Australia’s cities.Read moreRead less