Website
http://dataportal.arc.gov.au/NCGP/API/grants/DP220101043
Funding Status
Active
Does something not look right? The information on this page has been harvested from data sources that may not be up to date. We continue to work with information providers to improve coverage and quality. To report an issue, use the Feedback Form.
Funded Activity Summary
Understanding macroeconomic fluctuations with unobserved networks. Whilst empirical evidence suggests that firm-level shocks can have large aggregate effects, via network connections, macroeconomic policies have mostly an aggregate nature. This project aims to build a new framework to disentangle aggregate shocks from shocks to individual units. The major innovations are i) to infer the network from the data and ii) to jointly estimate aggregate factors and network effects. Expected outcomes are i) measures of systemic risk and ii) a theoretical framework to study the optimality of aggregate versus sectoral stabilization policies. Benefits include a better understanding of macroeconomic fluctuations in Australia and proposed economic policies to mitigate large and persistent declines in employment and GDP.Funded Activity Details
Start Date: 07-2022
End Date: 06-2025
Funding Scheme: Discovery Projects
Funding Amount: $199,649.00
Funder: Australian Research Council
Research Topics
ANZSRC Field of Research (FoR)
Macroeconomics (incl. Monetary and Fiscal Theory) | Econometric and Statistical Methods | Financial Economics | Applied Economics
ANZSRC Socio-Economic Objective (SEO)
Expanding Knowledge in Economics | Macroeconomics not elsewhere classified |
