Now showing items 429-448 of 652

  • Obesity and smoking: can we catch two birds with one tax? 

    Dragone, Davide; Manaresi, Francesco; Savorelli, Luca (University of St Andrews, 2013)
    The debate on tobacco and fat taxes often treats smoking and eating as independent behaviors. However, the available evidence shows that they are interdependent, which implies that policies against smoking or obesity may ...
  • Off-the-Record Target Zones: Theory with an Application to Hong Kongs Currency Board 

    Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole (University of DundeeHamburg University, 2010)
    This paper provides a modelling framework for evaluating the exchange rate dynamics of a target zone regime with undisclosed bands. We generalize the literature to allow for asymmetric one-sided regimes. Market participants' ...
  • Official Central Bank Interventions in the Foreign Exchange Markets: A DCC Approach with Exogenous Variables 

    Antonakakis, Nikolaos (University of Strathclyde, 2010)
    This paper assesses the impact of official central bank interventions (CBIs) on exchange rate returns, their volatility and bilateral correlations. By exploiting the recent publication of intervention data by the Bank of ...
  • Okun’s law – A meta analysis 

    Perman, Roger; Stephan, Gaetan; Tavéra, Christophe (University of StrathclydeUniversité de Rennes, 2013)
    This paper seeks to identify whether there is a representative empirical Okun’s Law coefficient (OLC) and to measure its size. We carry out a meta regression analysis on a sample of 269 estimates of the OLC to uncover ...
  • On Cobb-Douglas Preferences in Bilateral Oligopoly 

    Dickson, Alex (University of Strathclyde, 2013)
    Bilateral oligopoly is a simple model of exchange in which a finite set of sellers seek to exchange the goods they are endowed with for money with a finite set of buyers, and no price-taking assumptions are imposed. If ...
  • On decomposing the causes of changes in income-related health inequality with longitudinal data 

    Allanson, Paul; Petrie, Dennis (University of Dundee, 2011)
    Regression-based decomposition procedures are used to both standardise the concentration index and to determine the contribution of inequalities in the individual health determinants to the overall value of the index. The ...
  • On Identification of Bayesian DSGE Models 

    Koop, Gary; Pesaran, M. Hashem; Smith, Ron P. (University of StrathclydeCambridge UniversityBirkbeck College, 2011)
    In recent years there has been increasing concern about the identification of parameters in dynamic stochastic general equilibrium (DSGE) models. Given the structure of DSGE models it may be difficult to determine whether ...
  • On Measuring the Efficiency of Monetary Policy 

    Briec, Walter; Gabillon, Emmanuelle; Lasselle, Laurence (University of St AndrewsUniversite de PerpignanUniversite Montesquieu, 2011)
    Cecchetti et al. (2006) develop a method for allocating macroeconomic performance changes among the structure of the economy, variability of supply shocks and monetary policy. We propose a dual approach of their method ...
  • On monetary policy and stock market anomalies 

    Kontonikas, Alexandros; Kostakis, Alexandros (University of Glasgow, 2010)
    This study utilizes a macro-based VAR framework to investigate whether stock portfolios formedon the basis of their value, size and past performance characteristics are affected in a differentialmanner by unexpected US ...
  • On Public Inefficiencies in a Mixed Duopoly 

    Capuano, Carlo; De Feo, Giuseppe (University of StrathclydeUniversity of Naples Federico II, 2009)
    The aim of this paper is to investigate the welfare effect of a change in the public firms objective function in oligopoly when the government takes into account the distortionary effect of rising funds by taxation (shadow ...
  • On the causes of the African Slave Trade 

    Angeles, Luis (University of Glasgow, 2012)
    This paper offers an integrated analysis of the forces shaping the emergence of the African slave trade over the early modern period. We focus our attention on two questions. First, why most of the increase in the demand ...
  • On the characterisation and measurement of the welfare effects of income mobility from an ex-ante perspective 

    Allanson, Paul (University of Dundee, 2008)
    The paper employs a rank-dependent formulation of the social welfare function with time-separable utilities to evaluate the economic consequences of income mobility from an ex-ante perspective. The resultant class of ...
  • On the cost of rent-seeking by government bureaucrats in a Real-Business-Cycle framework 

    Vasilev, Aleksandar (University of Glasgow, 2013)
    This paper studies the wasteful e ffect of bureaucracy on the economy by addressing the link between rent-seeking behavior of government bureaucrats and the public sector wage bill, which is taken to represent the rent ...
  • On the FDI-attracting property of privatizatio 

    Amerighi, Oscar; De Feo, Giuseppe (University of StrathclydeUniversita di Bologna, 2010)
    In this paper, we provide an explanation of why privatization may attract foreign investors willing to enter a regional market. Privatization turns the formerly-public firm into a less aggressive competitor since ...
  • On the real effects of financial pressure: Evidence from euro area firm-level employment during the recent financial crisis. 

    Fernandes, Filipa; Kontonikas, Alexandros; Tsoukas, Serafeim (University of Glasgow, 2014-08-01)
    Using a large panel of unquoted euro-area firms over the period 2003-11, this paper examines the impact of financial pressure on firms’ employment. The analysis finds evidence that financial pressure negatively affects ...
  • On the Relationship between Market Power and Bank Risk Taking 

    Dam, Kaniska; Escrihuela-Villar, Marc; Sánchez-Pagés, Santiago (University of EdinburghCentro de Investigación y Docencia EconómicasUniversitat de les Illes Balears, 2008)
    We analyse risk-taking behaviour of banks in the context of spatial competition. Banks mobilise unsecured deposits by offering deposit rates, which they invest either in a prudent or a gambling asset. Limited liability ...
  • On the Sources of Uncertainty in Exchange Rate Predictability 

    Byrne, Joseph P.; Korobilis, Dimitris; Ribeiro, Pinho J. (University of Glasgow, 2014-09-26)
    We analyse the role of time-variation in coefficients and other sources of uncertainty in exchange rate forecasting regressions. Our techniques incorporate the notion that the relevant set of predictors and their corresponding ...
  • On the time-varying relationship between EMU sovereign spreads and their determinants 

    Afonso, António; Arghyrou, Michael G.; Bagdatoglou, George; Kontonikas, Alexandros (University of Glasgow, 2013)
    We use a dynamic multipath general-to-specific algorithm to capture structural instability in the link between euro area sovereign bond yield spreads against Germany and their underlying determinants over the period January ...
  • Optimal Climate Change Policies When Governments Cannot Commit 

    Ulph, Alistair; Ulph, David (University of St AndrewsUniversity of Manchester, 2009)
    This paper examines the optimal design of climate change policies in the context where governments want to encourage the private sector to undertake significant immediate investment in developing cleaner technologies, ...
  • Optimal contracting with private information on cost expectation and variability 

    Danau, Daniel; Vinellay, Annalisa (University of St AndrewsUniversity of Bari, 2010)
    We study the screening problem that arises in a framework where, initially, the agent is privately informed about both the expected production cost and the cost variability and, at a later stage, he learns privately the ...

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