Report
Feasibility of algae building technology in Sydney
This study evaluates the technological, economic, environmental, regulatory and social feasibility of adopting algae building technology in Sydney NSW Australia as a source of renewable energy. Interview with 23 stakeholders in the built environment illustrate the drivers and challenges associated with such technology.
Working paper
A model of network formation for the overnight interbank market
We introduce an endogenous network model of the interbank overnight lending market. Banks are motivated to meet the minimum reserve requirements set by the Central Bank, but their reserves are subject to random shocks. To adjust their expected end-of-the-day reserves, banks enter the interbank market, where borrowers decrease their expected cost of borrowing with the...
Report
Measuring up: innovation and the value add of architecture
A report commissioned by the NSW Architects Registration Board examines "the areas where architects add value to the economy beyond typical construction sector analysis" and defines "where value lies in the work of architects beyond the bricks-and-mortar value of the construction industry." It argues that Australian architectural services are underreported by 15%, and that "more...
Working paper
What Triggers People to Save for Retirement?
We investigate retirement saving decisions through interviews and a broad survey in four countries that investigates what influences changes in savings behaviour. We identify a number of previously unidentified factors that are associated with increased savings. We find that approximately 40% of the respondents in our survey would increase their retirement savings when they receive...
Working paper
The Value of Bank Capital Buffers in Maintaining Financial System Resilience
The Australian Financial System Inquiry (FSI) has identified ways to improve the efficiency and resilience of the Australian banking system. In particular, bank capital levels are expected to be unquestionably strong. However, limited empirical guidance on the size of such buffers exists. We analyse the impact of increased capital buffers on system resilience based on...