Economic modeling reveals the interconnectedness of extremely diverse subjects'I'm very interested in big data and how we extract information we can use for decision making,' said Mardi.'Economists look at the past to inform our views of the future.Theoretical models reveal general principles, then we use empirical data to see whether these theories can be validated.'An example lies in how people make decisions, for example during tough economic periods.Mardi has authored more than 50 peer-reviewed publications, including in the Journal of Banking and Finance, Journal of Applied Econometrics and Journal of Money, Credit and Banking and held 10 Australian Research Funded competitive grants.
Fellow of Academy of Social Sciences in Australia Mardi is currently Associate Dean for Research for the TSBE and Discipline leader for the Economics and Finance group.She has been the inaugural Deputy-Director of two major research centres, the Centre for Financial Analysis and Policy at Cambridge University and the Centre for Applied Macroeconomic Analysis at the Australian National University.Mardi's research interests combine the empirical sides of finance and economics, particularly in her interests in the effects of financial crises on open economies and policy assessment.She is responsible for developments in modelling frameworks for open economies and for applications to Australian and other economies.These shocks really do affect people's daily lives,' said Mardi.
A new interest for Mardi is network finance, which makes use of techniques developed by physicists and applies them to networks between financial institutions.'I'm interested in how the fragility of those networks affects how we design our markets.
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.
We ask question such as how we can use the data generated by weather forecasters to better predict the impact of disasters on households; and how that same weather data can be used to use the world's scarce resources more effectively by aligning the demand and supply of goods which are weather sensitive, including electricity or even householders' demand for foodstuffs.
It is fascinating to investigate how well these financial resources helped convicts to integrate into the new colonial society,' said Mardi.
Professor Mardi Dungey is a Fellow of the Academy of Social Sciences in Australia, and leads the finance group at the University.
She works in applied empirical economics and finance with a particular emphasis on the interaction between financial markets and the economy.