Discovery Projects - Grant ID: DP0986718

Funding Activity

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Funded Activity Summary

Estimating and evaluating the predictive accuracy of structural macroeconomic models. This project will provide improved methods to inform Australia's macroeconomic policies and its strategies for economic development by suggesting the most adequate structural macroeconomic model for the Australian economy. Effective macroeconomic policies, in turn, assure stable economic development, smoothes effects of economic cycles and balances inflation, unemployment, the exchange rate and other macroeconomic indicators. All these indicators are closely linked to the welfare of the Australian people and prosperity of the Australian economy. The importance of an accurate macroeconomic analysis is increased in the current condition of inflationary pressures, fiscal challenges, climate change, and world market instabilities.

Funded Activity Details

Start Date: 2009

End Date: 06-2012

Funding Scheme: Discovery Projects

Funding Amount: $105,000.00

Funder: Australian Research Council