Now showing items 102-121 of 652

  • Dark Clouds or Silver Linings? Knightian Uncertainty and Climate Change 

    Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole (University of Dundee, 2011)
    This paper examines the impact of Knightian uncertainty upon optimal climate policy through the prism of a continuous-time real option modelling framework. We analytically determine optimal intertemporal climate policies ...
  • Data-based priors for vector autoregressions with drifting coefficients 

    Korobilis, Dimitris (University of Glasgow, 2014-01)
    This paper proposes full-Bayes priors for time-varying parameter vector autoregressions (TVP-VARs) which are more robust and objective than existing choices proposed in the literature. We formulate the priors in a way that ...
  • Debunking Mill’s “Fourth Fundamental Proposition on Capital” 

    Grieve, Roy H (University of Strathclyde, 2015)
    J S Mill’s enigmatic "Fourth Proposition on Capital" has been brought to our notice by Steven Kates (2015). Kates takes a positive view of the proposition. Our focus is not, however, on Kates, but on the aforesaid proposition. ...
  • Decision Errors, Legal Uncertainty and Welfare: a General Treatment 

    Katsoulacos, Yannis; Ulph, David (University of St Andrews, 2014-02)
    This paper provides a general treatment of the implications for welfare of legal uncertainty. We distinguish legal uncertainty from decision errors: though the former can be influenced by the latter, the latter are neither ...
  • Delay and Haircuts in Sovereign Debt: Recovery and Sustainability 

    Ghosal, Sayantan; Miller, Marcus; Thampanishvong, Kannika (University of St AndrewsUniversity of Warwick, 2010)
    One of the striking aspects of recent sovereign debt restructurings is, conditional on default, delay length is positively correlated with the size of haircut. In this paper, we develop an incomplete information model ...
  • Delay and Haircuts in Sovereign Debt: Recovery and Sustainability 

    Ghosal, Sayantan; Miller, Marcus; Thampanishvong, Kannika (University of St Andrews, 2010-08)
    One of the striking aspects of recent sovereign debt restructurings is, conditional on default, delay length is positively correlated with the size of "haircut", which is size of creditor losses. In this paper, we develop ...
  • The demand for intensity versus frequency of alcohol consumption: Evidence from rural Australia 

    Petrie, Dennis; Doran, Christopher; Shakeshaft, Anthony; Sanson-Fisher, Rob (University of DundeeUniversity of QueenslandUniversity of Newcastle, 2009)
    This paper develops a theoretical model for the demand of alcohol where intensity and frequency of consumption are separate choices made by individuals in order to maximize their utility. While distinguishing between ...
  • Democratization as a cost-saving device 

    Angeles, Luis (University of Glasgow, 2008)
    We propose a theoretical analysis of democratization processes in which an elite extends the franchise to the poor when threatened with a revolution. The poor could govern without changing the political system by maintaining ...
  • Demographic Transitions: analyzing the effects of mortality on fertility 

    Angeles, Luis (University of Glasgow, 2008)
    The effect of mortality reductions on fertility is one of the main mechanisms stressed by the recent growth literature in order to explain demographic transitions. We analyze the empirical relevance of this mechanism based ...
  • Determinants of public education expenditure: Evidence from Indian states 

    Chatterji, Monojit; Mohan, Sushil; Dastidar, Sayantan Ghosh (University of Dundee, 2014)
    Public education expenditure varies significantly across Indian states. Using data on sixteen Indian states from 2001-2010, the paper tries to identify the determinants of per capita education expenditure of state governments ...
  • The determinants of sovereign bond yield spreads in the EMU 

    Kontonikas, Alexandros; Arghyrou, Michael G.; Afonso, António (University of Glasgow, 2012)
    We use a panel of euro area countries to assess the determinants of long-term sovereign bond yield spreads over the period 1999.01-2010.12. We find that, unlike the period preceding the global financial crisis, European ...
  • Development Accounting with Intermediate Goods 

    Grobovsek, Jan (University of Edinburgh, 2013)
    Do intermediate goods help explain relative and aggregate productivity differences across countries? Three observations suggest they do: (i) intermediates are relatively expensive in poor countries; (ii) goods industries ...
  • Devolution & Entrenched Household Poverty: Is Scotland less mobile? 

    Morelli, Carlo; Seaman, Paul (University of Dundee, 2009)
    The Scottish National Party led Scottish Government has identified household poverty as a key focus for its anti-poverty strategy. The government’s ‘Solidarity Target’ seeks to both increase wealth and increase the share ...
  • Did Keynes in the General Theory significantly misrepresent J S Mill? 

    Grieve, Roy H (University of Strathclyde, 2013)
    It has been alleged that J M Keynes, quoting in the General Theory a passage from J S Mill's Principles, misunderstood the passage in question and was therefore wrong to cite Mill as an upholder of the 'classical' ...
  • The Difference, System and ‘Double-D’ GMM Panel Estimators in the Presence of Structural Breaks 

    Chowdhury, Rosen Azad; Russell, Bill (University of Dundee, 2012)
    The effects of structural breaks in dynamic panels are more complicated than in time series models as the bias can be either negative or positive. This paper focuses on the effects of mean shifts in otherwise stationary ...
  • Directed Search over the Life Cycle 

    Menzio, Guido; Telyukova, Irina A.; Visschers, Ludo (University of Edinburgh, 2015-01)
    We develop a life-cycle model of the labor market in which different worker-firm matches have different quality and the assignment of the right workers to the right firms is time consuming because of search and learning ...
  • The disadvantage of winning an election 

    Aragonès, Enriqueta; Sánchez-Pagés, Santiago (University of EdinburghInstitut d’Anàlisi Econòmica, CSIC, 2010)
    This paper analyzes the problem that an incumbent faces during the legislature when deciding how to react to popular initiatives or policy proposals coming from different sources. We argue that this potential source of ...
  • Disaggregating the Household Sector in a 2004 UK Input Output Table and Social Accounting Matrix by Income Quintiles 

    Fence, Janine De; Turner, Karen (University of Strathclyde, 2010)
    This paper disaggregates a UK Input-Output (IO) table for 2004 based on household income quintiles from published survey data. In addition to the Input-Output disaggregation, the household components of a UK Income Expenditure ...
  • Discretionary Policy in a Monetary Union with Sovereign Debt 

    Leith, Campbell; Wren-Lewis, Simon (University of GlasgowUniversity of Oxford, 2010)
    This paper examines the interactions between multiple national fiscal policy- makers and a single monetary policy maker in response to shocks to government debt in some or all of the countries of a monetary union. We ...

Copyright © 2015 SIRE - All Rights Reserved