The Australian Government uses the means-test as a way of managing the pension budget. Changes in Age Pension policy impose difficulties in retirement modelling due to policy risk, but any major changes tend to be ‘grandfathered' meaning that current retirees are exempt from the new changes....

Recently we developed a new framework in Hirz et al. (2015) to model stochastic mortality using extended CreditRisk methodology which is very different from traditional time series methods used for mortality modelling previously. In this framework, deaths are driven by common latent stochastic...

In the last decade, the Australian market for Real Estate Investment Trusts (REITS) has shown substantial growth rates. Australian Real Estate Investment Trusts (AREITS) are a unitized portfolio of property assets which allows investors to purchase a share in a diversified and professionally...

Analysis of monthly disaggregated data from 1978 to 2016 on US household inflation expectations reveals that exposure to news on inflation and monetary policy helps to explain inflation expectations. This remains true when controlling for household personal characteristics, their perceptions of...

We examine the dependence structure of electricity spot prices across regional markets in Australia. One of the major objectives in establishing a national electricity market was to provide a nationally integrated and efficient electricity market, limiting market power of generators in the...