Fair Trade - In or Against the Market? Matthias Schmelzer Is Fair Trade a neoliberal solution to market failures or a practical challenge to neoliberal trade and the free market regime in general? Introduction Fair Trade is the most important and fastest growing market-based mechanism to improve the lives of producers in developing countries.
View more on Professor Mardi Dungey in WARP Expertise Mardi works in applied empirical macroeconomics and finance with a particular emphasis on macroeconomic and financial system regulatory policy.
Her work features novel solutions to detecting and measuring the effects of financial market shocks transmitted across the globe and the risks inherent in the financial sector for the rest of the economy. She is interested in monetary policy, banking regulation, open economy macroeconomics, financial contagion, household finance with an emphasis on mortgage markets, and economic and financial history.
Her interests in economics and finance is firmly in finding solutions to big problems which face society; such as growth, stable financial systems and a better understanding of the global economy in which we live.
Her research interests firmly reflect a desire to understand how big data can be used to improve decision makers, particularly those affecting macroeconomic policy through the setting of interest rates and fiscal policy, and the regulation and design of financial markets to help the economy weather financial crises.
Currently, projects run in the Economics and Finance group include using transaction level data from financial markets to assess how shocks originating in the financial sector affect firms in other parts of the economy. We aim to detect the existence and size of these transmissions. Understanding these effects helps us to provide advice on how to structure financial regulation to reduce the risk of financial crises and policies and strategies to manage financial crises in order to minimise their impact on society.
The economics and finance group also work to develop tools to effectively utilise the large pools of data being generated in many fields — particularly the sciences — to answer questions relevant to the everyday lives of our citizens. All of these questions need the interaction of effective tools with data to provide answers to how we decide to implement economic policy which in turn directly impacts on every member of society.
Collaboration Mardi is involved in numerous international projects associated with her work on the interactions of financial markets and economies.
Current projects High frequency empirical finance: This big data project uses high frequency transaction based data on financial markets to assess questions in empirical finance. Current topics include assessments of jump and continuous beta in emerging markets, detection of stressful conditions using high frequency tools, development of new tools, and the measurement and detection of contagion effects between markets.
Open economy Vector Autoregression Models: The interactions between economies are critical to understanding how shocks, both real and financial, are transmitted.
This project develops new tools to interlink large open economies in a VAR framework, particularly targeting interactions between China and the rest of the world. This project uses and develops new tools in network finance to assess the risk the financial sector poses to the rest of the economy — known as systemic risk.
Empirical networks capture the interactions between large numbers of firms, governments and financial institutions across the globe. The structure of mortgage markets around the world differs quite significantly.
The Australian mortgage market is one of the least distorted by regulatory intervention. Using individual mortgage records this project provides empirical evidence of the theoretical determinants of mortgage product choices by households.An evaluation and list of policies to overcome market failure.
Including taxes, subsidies, regulation, pollution permits, nudges, advertising. Examples of different taxes and policies. Keynesian economics (/ ˈ k eɪ n z i ə n / KAYN-zee-ən; sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy.
Economics (/ ɛ k ə ˈ n ɒ m ɪ k s, iː k ə-/) is the social science that studies the production, distribution, and consumption of goods and services.. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions.
Free sustainability papers, essays, and research papers. Green Innovation in Tourism for Economic Sustainability - The tourism sector has undoubtedly become one of the globe’s foremost drivers of economic development, sustainability and progress. An evaluation and list of policies to overcome market failure.
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Money's unique and essential role in a free market and monetary disequilibrium as the root cause of the business cycle are principles central to the work of economist Leland Yeager.