Discovery Projects - Grant ID: DP240101773

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP240101773

Funding Status
Active

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Funded Activity Summary

Closing the Gap Between Theory and Data in Macroeconometrics. This project aims to bring econometric models (the empirical vehicle for inference) and economic models (the theory) closer together. A new model is intended to be proposed that will address a significant issue with the interpretation of the outputs of the econometric models. As a first contribution, the project is expected to develop the model and an inferential framework for this model using probability theory on manifolds. In a second contribution, it is expected to construct an algorithm to permit inference leading to outputs useful to policy analysts. The model is intended to be parsimonious, which facilitates the development of a time-varying version to allow the model to evolve with the economy and provide better policy guidance.

Funded Activity Details

Start Date: 01-01-2024

End Date: 31-12-2026

Funding Scheme: Discovery Projects

Funding Amount: $146,360.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Time-series analysis | Econometric and statistical methods | Economic models and forecasting | Econometrics

ANZSRC Socio-Economic Objective (SEO)

Other Keywords

Econometric and statistical methods | Econometrics | Economic models and forecasting | Expanding Knowledge In Economics | Macroeconomics Not Elsewhere Classified | Monetary Policy | Time-series analysis

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