Fiscal policy and unemployment in an open economy. This project aims to improve our understanding of the impact of commodity price changes. Over the past two decades, Australia has experienced unprecedented fluctuations in commodity prices. The fiscal position and potential of the economy depends on the extent to which commodity price changes are temporary or permanent. This project will uncover empirical regularities between commodity prices, unemployment across sectors and measures of fiscal p ....Fiscal policy and unemployment in an open economy. This project aims to improve our understanding of the impact of commodity price changes. Over the past two decades, Australia has experienced unprecedented fluctuations in commodity prices. The fiscal position and potential of the economy depends on the extent to which commodity price changes are temporary or permanent. This project will uncover empirical regularities between commodity prices, unemployment across sectors and measures of fiscal policy. The project will build structural models of unemployment which will be estimated and used to assess implications for unemployment and budget deficits of commodity price shocks and to study the optimal design of fiscal policy. The project will benefit the conduct of economic policy in Australia.Read moreRead less
Business Profitability and Long Term Industrial Change in Twentieth-Century Australia. This project will establish Australia as a pioneer in longitudinal research into business profitability in terms of assembling new data and its use to analyse the relationship of profitability with capital formation and structural change in the economy. It will extend our knowledge of long-term returns to equity investment, a category of savings and pension funding now common to most Australians, and contribut ....Business Profitability and Long Term Industrial Change in Twentieth-Century Australia. This project will establish Australia as a pioneer in longitudinal research into business profitability in terms of assembling new data and its use to analyse the relationship of profitability with capital formation and structural change in the economy. It will extend our knowledge of long-term returns to equity investment, a category of savings and pension funding now common to most Australians, and contribute to our understanding of Australia's comparative business performance in light of current debates regarding the alleged limited global competitiveness and corporate governance shortcomings of leading Australian corporations.Read moreRead less