Discovery Projects - Grant ID: DP0880610

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP0880610

Funding Status
Closed

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Funded Activity Summary

Noisy Parity Relationships in International Macroeconomic Models. Macroeconomic models of the Australian economy play a key role in the design of monetary and fiscal policy. Policymakers use these models either implicitly or explicitly, and usually begin to learn about them in principles courses. Parity relationships are foundation elements of these models, and have powerful implications for our understanding of macroeconomic dynamics. Classical statistical tests may have falsely led to an unhealthy agnosticism regarding many of these relationships. This research will bring more appropriate statistical techniques to bear upon the problem, and if successful will restore confidence in decision-making processes and the relevance and applicability of macroeconomic models.

Funded Activity Details

Start Date: 01-01-2008

End Date: 30-06-2010

Funding Scheme: Discovery Projects

Funding Amount: $157,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

International Economics And International Finance | Macroeconomics (Incl. Monetary And Fiscal Theory) | Applied Economics | Macroeconomic Theory

ANZSRC Socio-Economic Objective (SEO)

Macroeconomic issues not elsewhere classified | Exchange rates |

Other Keywords

Applied Economics | Exchange rates | International Economics And International Finance | Macroeconomic Theory | Macroeconomic issues not elsewhere classified | Macroeconomics (Incl. Monetary And Fiscal Theory)

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