Discovery Projects - Grant ID: DP160102281

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP160102281

Funding Status
Closed

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Funded Activity Summary

The Macroeconomic Effects of Global Uncertainty. This project aims to estimate the first global uncertainty index to enable Australian policymakers to design policies to efficiently manage global uncertainty shocks and limit the recessionary effects of such shocks. Uncertainty is a crucial driver of household and business consumption and investment decisions and, therefore, countries' business cycles. A global uncertainty index would aim to identify the role of global uncertainty as a driver of Australia's business cycle fluctuations, to understand if this role has become more relevant in recent historical periods due to globalisation, and to understand if the effects of fluctuations in global uncertainty have been more severe in economic recessions. The intended outcome of the project is to provide policy-makers with key inputs to design policies able to limit the severity of recessions and lift Australia's growth.

Funded Activity Details

Start Date: 01-01-2016

End Date: 31-12-2019

Funding Scheme: Discovery Projects

Funding Amount: $305,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Macroeconomics (incl. Monetary and Fiscal Theory) | Economic Models and Forecasting | Applied Economics |

ANZSRC Socio-Economic Objective (SEO)

Economic Growth | Monetary Policy | Savings and Investments

Other Keywords

Applied Economics | Economic Growth | Economic Models and Forecasting | Macroeconomics (incl. Monetary and Fiscal Theory) | Monetary Policy | Savings and Investments

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