A Small Model of the Australian Macroeconomy: An Update

Almost a decade ago David Gruen and Geoff Shuetrim constructed a small macroeconomic model of the Australian economy. A comprehensive description of this model was subsequently provided by Beechey et al (2000). Since that time, however, the model has continued to evolve. This paper provides an update on the current structure of the model and the main changes which have been made to it since Beechey et al . While the details of the model have changed, its core features have not. The model remains small, highly aggregated, empirically based, and non-monetary in nature. It also retains a well-defined long-run steady state with appropriate theoretical properties, even though its primary role is to analyse short-run macroeconomic developments.Australian economy; macroeconomic model; monetary policy

Social Networks of Researchers in Business To Business Marketing: A Case Study of the IMP Group 1984-1999

Science is a social process that functions through social networks of researchers that form invisible colleges. Analysis of these social networks provides a means for examining the structure of relations among researchers. The Industrial Marketing and Purchasing (IMP) group, "an informal international group of scholars concerned with developing concepts and knowledge in the field of business-to-business marketing and purchasing," is used as a case study of a network of researchers because it has been responsible for considerable research over the last decades in the area of business-to-business marketing, yet its structure remains hidden because of its informal network characteristics. The results of a social network analysis of the IMP group is described based on the pattern of co-authorship at annual IMP conferences. The results reveal a power law distribution of paper co-authorship and a small world network that conforms to the results of studies of other types of social networks. A core network of 57 researchers is identified and its network properties are described, including how it has evolved over time. The study provides the basis for further studies of the social networks of marketing and business researchers.informal networks, business-to-business marketing

“Is still not the blood of the blessed martyr Thomas fully avenged?”: Thomas Becket’s Cult at Canterbury under Henry III and Edward I

In July 1220, the boy king Henry III attended the translation of St Thomas Becket at Canterbury, whereby the saint’s body was transferred from its original tomb in the crypt of Canterbury cathedral to a splendid new shrine in the main body of the church. This article explores the continuing appeal of Becket’s cult at Canterbury for elite ecclesiastical and lay circles in thirteenth- and early fourteenth-century England. It argues that the Englishmen, or holders of ecclesiastical office in England, who were canonised as saints in the thirteenth century were associated with St Thomas and his cult. Drawing on the records of the English royal household and wardrobe, alongside letters and charters, this article then examines the reception of Becket’s cult at the royal court. Although Henry III was more famous for his adult devotion to St Edward the Confessor, Henry and his wife, Eleanor of Provence, still paid their respects to Becket’s shrine at Canterbury. Royal interest in St Thomas of Canterbury, or St Thomas the Martyr, continued, but with added vigour, under Edward I, his wives and his children. Despite St Thomas’s appeal for opponents of the English crown, Becket’s cult remained firmly connected to the English ruling dynasty

The evolution of galaxies : starbursts and beyond

Determining how galaxies evolve and what drives their evolution is one of the biggest challenges in astronomy. This thesis aims to shed light on the life-cycle of galaxies by answering the following questions: (1) How do different selection methods of post-starburst galaxies have an impact on the properties observed? (2) What are the main triggers of starburst, and hence, the post-starburst galaxies in the Illustris simulation? (3) Do starburst galaxies have a top-heavy IMF and produce heavier stars than quiescently star forming galaxies? (4) To what extent do AGN play a role in quenching star formation in starburst galaxies which lead to the post-starburst phase? For question one, we investigate the effect of different selection criteria of post-starburst galaxies, we reveal an evolutionary sequence that transitions from the blue cloud through the green valley before settling in the red sequence. We find a lack of any significant merger fractions which suggests that secular processes or minor mergers/interactions may play an important role in triggering starburst as opposed to major mergers. For question two, we investigate the triggering mechanisms of starbursts and find that over half of our starburst sample have not undergone a recent merger but have instead experienced harassment. Harassment triggered starbursts are comparable in strength to merger driven starbursts and are found in denser environments, suggesting environment plays a role in determining the processes that trigger a burst. For questions three and four, we compare optical and radio emission to determine the formof the IMF and to detect the presence of AGN in starbursts. We find that starbursts show some evidence for a top-heavy IMF, however no significant AGN fraction, suggesting other processes, such as stellar winds, quench starbursts or the overlap time between starburst and AGN phases is very small and therefore starbursts with AGN are extremely rare

More than the power of two: leading school improvement in Indigenous education

Australian schools are now under constant pressure to improve their schools for students to have increased achievement and wellbeing outcomes, particularly for Aboriginal and Torres Strait Islander learners. This thesis has investigated the professional relationships of Indigenous Education Workers/Community Education Counsellors (IEWs/CECs) and principals and how they can lead together to improve their schools for Aboriginal and Torres Strait Islander students. Until now, their professional relationship has not been well understood or documented. This thesis captures the research that has sought to examine, interpret and transform the ambiguity of the professional relationship between IEW/CEC and principal. On another level, the study has aimed to highlight effective practice, inform future improvements for Indigenous education within the schools studied and for those in the greater region, and finally, provide a call for change of policy and practice within the wider school system of Queensland. Informed by a plurality of paradigms, that of transformation and pragmatism and a tripartite of theory—critical theory, Indigenous standpoint theory and relationship leadership theory—this investigation was conducted across a large state educational region in Queensland. Using a mixed methods approach, quantitative and qualitative data were concurrently and sequentially collected over two phases in a four-year process. Each phase provided a collection of data that contributed to the separate and integrated, consecutive analysis of the core research questions. In Phase 1, 41 principals and 35 IEWs/CECs were surveyed for the broad analysis of the region's schools and contributed answers to the first core research question. In Phase 2, an instrumental case study was then undertaken in four schools with five exemplar IEW/CEC and principal pairs within the same region. The predominant methodological orientation for the case study was participatory and an adaption of critical participatory action research (CPAR) was conducted in three cycles over three years. Case study data were collected from a partnership assessment questionnaire, nine hours of responsive interviews, school documents and descriptive field notes from 13 site visits. This provided data for a holistic and detailed analysis of the IEW/CEC and principal professional relationship to answer all of the core research questions. Overall three rounds of data analysis occurred, multiple logics were employed together, with abduction, deduction and induction of descriptive statistics and thematic analysis of documentation. Results of this study indicate while similar conditions were experienced by most schools across the region, the IEW/CEC and principal relationship was variable and fragmented for many and the role of IEW/CEC was underestimated and underutilised. The case study pairs presented differently and of the six relational dynamics evident between every pair, the most highly enacted was that of trusting interpersonal communication. Their strong relationships were created through certain personal predispositions and deliberate practices, but these occurred more by chance and less by systemic design. Strong relationships between IEW/CEC and principals showed they could mitigate detrimental contextual features like racism, perceived or actual uncertainty of funding and insufficiency of system support, while they ameliorated school members' capacity so leader agency, student success, parent engagement and staff cultural competency growth could occur. This study revealed that the IEW/CEC and principal relationship was not only microcosmic to school-community partnerships, but was also that of the greater project of national reconciliation. This thesis provides implications that call for a change of policy and practice within the wider school system in the state of Queensland. It concludes that if educational outcomes for Indigenous students and engagement their families are to be maximised, professional relationships between IEWs/CECs and their principals need to exist and then expand beyond the pair through deliberate and greater systemic support. The position of IEW/CEC needs to be guaranteed in schools, training for Indigenist perspectives must be promulgated and systemic provision of resources for IEWs/CECs and principals in schools to grow their professional relationship must occur. A strong IEW/CEC and principal relationship can lead to less a transactional and different type of leader collaboration, one that creates a 'vorticity' of influence that enrols others into taking on the responsibility of supporting every Aboriginal and Torres Strait Islander student succeed, something that is more than the power of two

Introduction: Remembering English Saints in 2020

This is the introduction to a special issue on English Saints of the academic journal History, a publication of the Historical Association in partnership with Wiley. It discusses the significance of 2020 as a year for remembering saints whose cults were venerated in England in the Middle Ages, before introducing the articles included in this special issue

Quantitative Analysis of Lettuce Ash

As early as 1864 Wolff brought out the need for a systematic tabulation of plant ash analyses and in his book published the best data available at that time. He reported CaO, MgO, K20, Na2O, Fe2O3 , PO3 , SO3 , SiO2 and Cl. But he gave neither the number of analyses nor the source of the samples. Similar data are given by both Leach and Sherman

Asset rich cash poor in the economic downturn: the financial challenges facing retired older people

Older people are thought to be particularly vulnerable during times of economic downturn. Little is currently understood of the impact of the current economic downturn on the financial circumstances and wellbeing of retired people and the nature of the services and support needed to enable them to cope financially and maintain their wellbeing and quality of life. Retired people are not a homogenous group. Therefore, this study explores the impact of the downturn on a specific group: house owners over the age of 65, not in receipt of means tested state benefits and living on modest incomes. This group may be described as “asset rich cash poor” (ARCPs). It is thought that this group is particularly vulnerable as they are not eligible for state support but are insufficiently well off to be living comfortably. Findings from this research, although focused on retired people with specific circumstances, may have wider relevance in relation to retired people with different financial circumstances. The purpose of this study is to investigate the experiences of asset rich cash poor older people in the economic downturn, in order to establish: • how they manage their financial circumstances in these times; • the impact of the downturn on their wellbeing and quality of life; and • whether services and support available to this group and other older people could be improved. The study comprised two phases. In phase one, the perspectives of older people were explored by carrying out 28 semi-structured interviews with older people in the asset rich cash poor category, permanently resident in Dorset, some of whom lived in a conurbation and others in rural areas. In phase two, the study explored perspectives of key financial advice/information/service providers through four focus groups comprising: health and social care professionals; financial advisors from the private sector; and professionals from the third (not for profit) sector. 6 ASSET RICH CASH POOR IN THE ECONOMIC DOWNTURN The study has shown that the economic downturn is having a marked impact on the financial, social, mental and physical wellbeing of this sample of asset rich cash poor older people in Dorset. For many, the level of income that they had expected when planning for retirement had not come to fruition and they feel poor in relation to their previous lifestyle and retirement expectations. The key findings and policy implications of the study are: Key finding 1: Many ARCP older people particularly women, had done little retirement planning. Many ARCP older people had insufficiently planned for their retirement. In particular some women had relied on their husbands to manage all finances and had not provided for their own pensions. This reflects the findings of earlier studies on the older generation. Policy implications The independent Money Advice Service (formerly the FSA Consumer Financial Education Board) should commit greater financial resource to the awareness raising and skill development of future generations to help people plan more carefully for their retirement. Although the findings of this study show a widespread need among older people for information and advice, resources should be targeted particularly at women, especially those who have had extended periods out of workplace. Private, public and voluntary sector services should respond to this increased investment through developing and testing out models of financial capability training, with an emphasis on financial planning, as well as its mode of delivery. There may be potential in raising awareness of the need for retirement planning and associated training to non-working women through health visiting or child care services. For older people who have planned ahead, pensions and savings have been traditionally seen as a key way to plan responsibly for one’s retirement future. But these are not risk free as has been played out in the recent years of economic downturn, with the associated low interest rates and return on investment. People planning ahead for retirement need to be reminded of the impact of any future recession and the risks of this if it coincides with their planned retirement date. ASSET RICH CASH POOR IN THE ECONOMIC DOWNTURN 7 Key finding 2: Older people, in the ARCP category, tended to manage the money they had very carefully, despite the economic downturn, and had an aversion to debt. This finding mirrors the quantitative study of Atkinson et al. (2006) who found older people to be better at managing money than the younger generations. In discussion of the financial pressures placed upon them in term of escalating essential and non-essential expenditure, no interviewees referred to having resorted to unsecured debt. Policy implications Managing money is identified in this study and earlier studies as a strength within older people. Therefore, financial capability training for this age group should focus on the other dimensions of financial capability where older people are less skilled, for example choosing financial products and staying informed. Older people should be considered an asset in society and their strong skills in managing money should be utilised. Those organisations wishing to develop and deliver financial capability curricula for younger people could consider intergenerational programmes in which older people participate as guest speakers, sharing their experiences in managing money with younger generations. These educators could be encouraged to work together with the Money Advice Service and the Department of Health and financial advice and information providers to bring various age groups together. Key finding 3: The combination of reduced income from investments, increases in pensions which do not keep pace with inflation, combined with increases in costs for essential and non-essential expenditure, is having an impact on social, physical and mental wellbeing and is causing noticeable life style changes. The effects of the economic downturn on ARCP older people’s wellbeing was highlighted by both older people themselves and service providers. In both phases of the research, reference is made to feelings of anxiety, worry, fear, depression and concern. 8 ASSET RICH CASH POOR IN THE ECONOMIC DOWNTURN Policy implications Reduced wellbeing during the economic downturn in this age group is likely to put an increased demand on health and social care services. Policy makers in the Department of Health have a vested interest therefore in developing strategies to counter this negative impact. One recommendation to enhance social wellbeing is that the Money Advice Service, the Department of Health and local councils fund national and local initiatives to further support and develop social clubs or other groups for older people, with an emphasis on financial planning and management. This would help sustain wellbeing and provide a network of peers with whom older people might exchange financial experiences and information. Third and private sector organisations such as care homes and age related charities are well-placed to contribute to the development of these programmes. Key finding 4: The economic downturn is impacting on older people indirectly though cuts to public and third sector services. The economic downturn has been associated with cuts in funding to many services previously relied on by older people for their physical, social and mental wellbeing. Library closures were a cause of concern and a particular worry was the risk of withdrawal of bus passes. Policy implications Private sector service providers will need to fill the gap in services that currently support the health and wellbeing of older people, a gap left by the increased withdrawal of public and third sector services. A reduction of these services in particular will have a strong impact on the social, mental and physical wellbeing of older people. Key finding 5: Older people, in the ARCP category, do not always access enough or appropriate financial information. Many choose to seek financial information from trusted health and social care providers, their family and/or friends rather than from financial professionals. Older people, and professionals that support them, reported that older people are not always accessing the sound financial information which they may need, whether it be on financial products, forward financial planning or how to obtain the benefits they are entitled to. Lack of trust in financial advisors was widespread. Independent financial advisors indicated that older people on lower incomes were using their services less frequently. Some were either self-reliant by researching ASSET RICH CASH POOR IN THE ECONOMIC DOWNTURN 9 on the internet or using the media, or tapped into sources of social capital found within their social networks. Policy implications More effort and resource needs to be put in place to address these very serious concerns about access to advice and support by older people. Older people are approaching health professionals for financial advice, despite the fact that these professionals may not be best placed to provide this. Health professionals need to be able to direct these queries to trained financial service providers. Financial services within the private sector should therefore form interagency partnerships with more trusted public and third sector services in order to improve access to the services they provide. There is a very significant concern about lack of trust in advisors and banks. The need to rebuild reputation must be addressed by regulators, the advisors and banks themselves, with an increased emphasis being placed on the value systems of financial services and the role they can play in promoting community and individual wellbeing. The strength of the social networks of older people should also be harnessed, suggesting again that there is potential in targeting or developing social clubs for older people as locations to enhance financial capability. Key finding 6: In order to make ends meet, some older people in the ARCP category may take greater financial risks or be more vulnerable to abuse in an economic downturn. The professionals that support older people expressed concerns that the economic downturn may push older people towards riskier behaviours without them fully understanding the implications of the risks. There is also a risk of older people becoming more vulnerable to financial abuse. Policy implications Policy makers need to ensure that older people are made aware of the risks of financial abuse. As older people are often turning to more trusted health and social care providers for advice on financial matters, health/social care providers as well as financial service providers should both develop means to keep their older clients regularly informed of potential financial risk within the current economic climate. As financial support is not the remit of many of the health care providers and financial services is a regulated activity, it is advisable they form partnerships with the finance sector, in order to better inform their patients/clients of current financial risks or to be able to refer them on to qualified support. Service providers may also 10 ASSET RICH CASH POOR IN THE ECONOMIC DOWNTURN offer a helpline in which older people feel safe to disclose, anonymously if need be, any concerns of financial abuse they may be exposed to. Charities already offering these services (e.g. Age UK and Action on Elder Abuse-AEA) should be supported in these endeavours through encouraging partnerships between financial service providers on the one hand and health/social care providers on the other in order that the latter can provide accurate and up to date information on financial risk to its partners. A recent partnership between local financial advisors and the charity Age UK is an excellent example of this (Age UK, 2012). It is also essential that the Money Advice Service raises awareness of this risk. As the provision of financial services is a regulated activity, it is important to ensure that any activities undertaken by health/social care providers are not in breach of financial services regulations. Key finding 7: Older people made no reference to the Money Advice Service or the Financial Services Authority (FSA) as a source of help or advice. At the time of this study none of the interviewees of the focus groups made any reference to the role of the Financial Service Authority (FSA) or the Money Advice Service in providing information or advice about financial matters to older people. Policy implications Although the Money Advice Service is now independent of the FSA, and is endeavoring to target a wider population, it is not clear why our interviewees never referred to it. It may either be due to a lack of awareness of the service, a serious indictment of the outreach of the FSA, or alternatively a lack of IT expertise in older people, demonstrated also by their very limited use of online banking. In either event, older people may be denied access to key forms of help and advice on financial matters. Resources need to be devoted to either increasing IT literacy among older people, or alternatively providing help and support using traditional forms of communication and/or increasing the reach of the Money Advice Service by targeting this age group specifically. In conclusion, therefore, older people in this study reported being affected markedly by the current economic downturn. Members of the financial sector, including accountants, and the Money Advice Service have a responsibility to support older people during this and future downturns. They must reflect on ways in which they might tailor their support towards this group. One way of doing so is by actively seeking collaborative interagency partnerships with third and public sector health and social care professionals to improve their access and understanding of older ASSET RICH CASH POOR IN THE ECONOMIC DOWNTURN 11 clients. These more trusted professionals will be able to direct financial enquiries to accountants and financial advisors who older people may otherwise not have had the confidence, knowledge or trust to approach directly. Accountants and other financial services should also be aware of the particular challenges facing asset rich but cash older people and adapt their advice accordingly when dealing with this group. They should reflect in their consultations that many older people are fully capable of managing their money but are in greater need of advice on how to invest their money and plan ahead for their future. They should also think outside of the box in providing support, considering ways, for example, in which the power of existing social networks might be harnessed. 12 ASSET RICH CASH POOR IN THE ECONOMIC DOWNTUR

Educational Policy Through Service Learning: Preparation for Citizenship and Civic Participation

This article describes a course designed to prepare undergraduate students to participate effectively in civic life and in public decisions about education and schooling. The course includes an examination of the theoretical and conceptual basics of civic responsibility and service learning, and a review of the process of educational policy making, and an in·depth exploration of a number of current educational policy issues. The course is taught with service learning pedagogy. Experiences in a service placement yield personal knowledge that has the potential to inform students\u27 critical analysis of theoretical, research, and policy literature and to make students more effective active classroom learners