Financial Instability and Risk Management: New Statistical Treatment of the Occurrence and Persistence of Shocks in International Markets

全球经济是一个复杂的系统：由于市场连通性、无国界贸易和快速电子交易，其复杂性正在增加。这种合作将提高对市场相互依赖性的理解，这一点很重要，因为它对个人消费者的决策和企业投资产生了深远的宏观经济影响。一个新的非线性时间序列和动力系统理论的结合将被用来描述市场冲击的传播和持续性。该项目侧重于智能信息使用和创新经济，将提供关于新的实用计量经济学方法的出版物，为早期职业研究人员提供培训，以及澳大利亚和法国之间强大的可持续研究关系。

Global economies are complex systems: their complexity is increasing due to market connectivity, borderless trading and rapid electronic transactions. This collaboration will improve understanding of market interdependence, important because of its profound macroeconomic influence on individual consumersf decisions and corporate investment. A novel combination of nonlinear time series and dynamical systems theories will be used to describe propagation and persistence of market shocks. Focusing on smart information use and innovation economies, this project will deliver publications on new practical econometric methodologies, training for early career researchers, and a strong sustainable research relationship between Australia and France.