New approaches for testing in nonlinear models

该项目的成果是一种新的计量经济学方法，这将对我们了解澳大利亚（和全球）金融市场特别有用。具体的好处是：（i）我们的风险价值模型将提高国内和国际对金融风险管理相关问题的认识;（ii）我们的汇率传递模型将有助于澳大利亚贸易和定价政策的发展;（iii）我们的澳大利亚股票交易持续时间模型将有助于更好地了解澳大利亚股票市场的微观结构。

The outcome of this project is a new econometric methodology that will be particularly useful for developing our understanding of Australian (and global) financial markets. Specific benefits are that (i) our value-at-risk models will enhance national and international awareness of issues relating to financial risk management; (ii) our exchange rate pass through model will aid the development of Australian trade and pricing policies and (iii) our duration models for trade in Australian stocks will lead to a better understanding of the microstructure of the Australian stock market.