Higher order moment contagion testing: implications of the US subprime mortgage crisis for Australia

高阶矩传染测试：美国次贷危机对澳大利亚的影响

• 批准号: DP0985783
• 负责人: Prof Renee Fry-McKibbin
• 金额: $ 21.44万
• 依托单位: The Australian National University
• 依托单位国家: 澳大利亚
• 项目类别: Discovery Projects
• 财政年份: 2009
• 资助国家: 澳大利亚
• 起止时间: 2009-01-01 至 2015-12-31
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/DP0985783
• 关键词: Higher; order; moment; contagion; testing

Even though crises are usually short lived, the long term implications of changes in asset values may be profound, particularly for superannuation assets. Implications of financial crises are also profound for institutions such as the RBA who change policy to achieve domestic objectives. The understanding of how internationally based financial crises affect Australia is important particularly when domestic inflationary pressures would appear to precipitate the need for the RBA to take the opposite policy stance to that prevalent of central banks internationally. This proposal highlights these relationships to provide insights into portfolio allocation decisions and provides information to facilitate well founded decisions by policy makers.

尽管危机通常是短暂的，但资产价值变化的长期影响可能是深远的，特别是对养老金资产。金融危机的影响对澳大利亚央行这样的机构也是深远的，它们改变政策以实现国内目标。了解国际金融危机如何影响澳大利亚是很重要的，特别是当国内通胀压力似乎会促使澳大利亚央行采取与国际央行相反的政策立场时。本建议强调了这些关系，以提供对投资组合分配决策的见解，并提供信息，以促进决策者做出有根据的决策。