Uncertainty, financial frictions, and the Australian business cycle

该项目旨在调查金融市场中断和未来不确定性加剧对宏观经济的影响。该项目的关键组成部分包括新的不确定性衡量标准和开发新的工具来估计不确定性和金融摩擦的灵活经验模型和结构模型。该项目预计将为政策制定者提供工具，以设计有效的政策，以抵消高度不确定性和金融中断的影响。预计该项目的结果将使澳大利亚处于不确定性和金融摩擦对宏观经济影响的国际科学研究的前沿。

This project aims to investigate the macroeconomic consequences of disruptions in financial markets and heightened uncertainty about the future. Key components of the project include new measures of uncertainty and development of new tools to estimate flexible empirical and structural models of uncertainty and financial frictions. The project expects to provide policymakers with tools to design effective policies to counteract the effects of heightened uncertainty and financial disruptions. The results of this project are expected to put Australia at the frontier of the international scientific research on the macroeconomic effects of uncertainty and financial frictions.