Discovery Projects - Grant ID: DP0345026

Funding Activity

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Funded Activity Summary

Growth and Inflation Dynamics: Measuring Steady-State Growth, Output Gaps and Inflationary Pressures using Survey Data in Australia and Other Advanced Economies. The aim of the project is to develop, for Australia and other advanced economies, new measures of 'potential production'. Such measures are important in the prediction of periods of recession and inflation, and in the formulation of macroeconomic policy. The proposal seeks to address the shortcomings of existing measures by (i) incorporating direct measures of expectations of future output and inflation from survey data, and (ii) being consistent with standard economic analysis. Forming best practice methods in the use of survey data in policy formation and in the production of economic forecasts will be a vital contribution of the project.

Funded Activity Details

Start Date: 07-01-2003

End Date: 31-12-2006

Funding Scheme: Discovery Projects

Funding Amount: $105,000.00

Funder: Australian Research Council