Now showing items 615-634 of 652

  • UK House Prices: Convergence Clubs and Spillovers 

    Montagnoli, Alberto; Nagayasu, Jun (University of StrathclydeUniversity of Tsukuba, 2013)
    This paper uses the log t test to analyse the convergence of house prices across UK regions and the presence of spillovers e ects. We nd that UK house prices can be grouped into four clusters. Moreover we document the ...
  • UK Macroeconomic Forecasting with Many Predictors: Which Models Forecast Best and When Do They Do So? 

    Koop, Gary; Korobilis, Dimitris (University of Strathclyde, 2009)
    Block factor methods offer an attractive approach to forecasting with many predictors. These extract the information in these predictors into factors reflecting different blocks of variables (e.g. a price block, a housing ...
  • UK Macroeconomic Forecasting with Many Predictors: Which Models Forecast Best and When Do They Do So? 

    Koop, Gary; Korobilis, Dimitris (University of Strathclyde, 2011)
    Block factor methods offer an attractive approach to forecasting with many predictors. These extract the information in these predictors into factors reflecting different blocks of variables (e.g. a price block, a housing ...
  • Uncertain Fiscal Consolidations 

    Bi, Huixin; Leeper, Eric M.; Leith, Campbell (University of GlasgowIndiana UniversityMonash UniversityBank of Canada, 2012)
    The paper explores the macroeconomic consequences of fiscal consolidations whose timing and composition are uncertain. Drawing on the evidence in Alesina and Ardagna (2010), we emphasize whether or not the fiscal consolidation ...
  • Understanding Interactions in Social Networks and Committees 

    Bhattacharjee, Arnab; Holly, Sean (University of St Andrews, 2009)
    While much of the literature on cross section dependence has focused mainly on estimation of the regression coefficients in the underlying model, estimation and inferences on the magnitude and strength of spill-overs and ...
  • Understanding Liquidity and Credit Risks in the Financial Crisis 

    Gefang, Deborah; Koop, Gary; Potter, Simon M. (University of StrathclydeUniversity of LancasterFederal Reserve Bank of New York, 2011)
    This paper develops a structured dynamic factor model for the spreads between London Interbank Offered Rate (LIBOR) and overnight index swap (OIS) rates for a panel of banks. Our model involves latent factors which reflect ...
  • Understanding the vertical equity judgements underpinning health inequality measures 

    Allanson, Paul; Petrie, Dennis (University of Dundee, 2012)
    The choice of income-related health inequality measures in comparative studies is often determined by custom and analytical concerns, without much explicit consideration of the vertical equity judgements underlying alternative ...
  • Unemployment and Endogenous Reallocation over the Business Cycle 

    Carrillo-Tudela, Carlos; Visschers, Ludo (University of Edinburgh, 2014-05)
    This paper studies unemployed workers’ decisions to change occupations, and their impact on fluctuations in aggregate unemployment and its underlying duration distribution. We develop an analytically and computationally ...
  • Unemployment Risk and Wage Differentials 

    Pinheiro, Roberto; Visschers, Ludo (University of EdinburghUniversity of Colorado, 2013)
    Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs. We show that this lack of compensating differentials for unemployment risk can arise in equilibrium when all workers are ...
  • Unemployment Risk and Wage Differentials 

    Pinheiro, Roberto; Visschers, Ludo (University of Edinburgh, 2014-09)
    Workers in less-secure jobs are often paid less than identical-looking workers in more secure jobs. We show that this lack of compensating differentials for unemployment risk can arise in equilibrium when all workers are ...
  • Unemployment: natural rate epicycles or hysteresis? 

    Cross, Rod (University of Strathclyde, 2014)
    This paper argues that the natural rate of unemployment hypothesis, in which equilibrium unemployment is determined by “structural” variables alone, is wrong: it is both implausible and inconsistent with the evidence. ...
  • Unilateral Emissions Mitigation, Spillovers, and Global Learning 

    Chatterji, Shurojit; Ghosal, Sayantan; Walsh, Sean; Whalley, John (University of GlasgowSingapore Management UniversityUniversity of Western OntarioUniversity of Western Ontario, 2013)
    What's the role of unilateral measures in global climate change mitigation in a post-Durban, post 2012 global policy regime? We argue that under conditions of preference heterogeneity, unilateral emissions mitigation at ...
  • Union Mediation and Adaptation to Reciprocal Loyalty Arrangements 

    Panos, Georgios A.; Theodossiou, Ioannis (University of Aberdeen, 2010)
    This study assesses the industrial relations application of the „loyalty-exit-voice‟ proposition. The loyalty concept is linked to reciprocal employer-employee arrangements and examined as a job attribute in a vignette ...
  • Unionisation, International Integration and Selection 

    Montagna, Catia; Nocco, Antonella (University of DundeeUniversity of Salento (Lecce), 2012)
    We study how unionisation affects competitive selection between heterogeneous firms when wage negotiations can occur at the rm or at the profit-centre level. With productivity specific wages, an increase in union power ...
  • Unionisation, International Integration and Selection 

    Montagna, Catia; Nocco, Antonella (University of Dundee, 2011-06)
    We study how unionisation affects competitive selection between heterogeneous firms when wage negotiations can occur at the firm or at the profit-centre level. With productivity specific wages, an increase in union power ...
  • Unionism and Peer-Referencing 

    Panos, Georgios A.; Theodossiou, Ioannis (University of Aberdeen, 2010)
    This study assesses the 'fair-wage-effort' hypothesis, by examining (a) the relationship between relative wage comparisons and job satisfaction and quitting intensions, and (b) the relative ranking of stated effort ...
  • Universal banking, competition and risk in a macro model 

    Damjanovic, Tatiana; Damjanovic, Vladislav; Nolan, Charles (University of GlasgowUniversity of Exeter, 2012)
    A stylized macroeconomic model is developed with an indebted, heterogeneous Investment Banking Sector funded by borrowing from a retail banking sector. The government guarantees retail deposits. Investment banks choose how ...
  • US Monetary and Fiscal Policies - Conflict or Cooperation? 

    Chen, Xiaoshan; Leeper, Eric M.; Leith, Campbell (University of Glasgow, 2015-06-29)
    Most of the literature estimating DSGE models for monetary policy analysis ignores fiscal policy and assumes that monetary policy follows a simple rule. In this paper we allow both fiscal and monetary policy to be described ...
  • Using Effluent Charges in Promoting Investment in Water Pollution Control Technology: A Model of Coordination Failure among Firms 

    Selvaretnam, Geethanjali; Thampanishvong, Kannika (University of St Andrews, 2010)
    Untreated wastewater being directly discharged into rivers is a very harmful environmental hazard that needs to be tackled urgently in many countries. In order to safeguard the river ecosystem and reduce water pollution, ...
  • Using VARs and TVP-VARs with Many Macroeconomic Variables 

    Koop, Gary (University of Strathclyde, 2013)
    This paper discusses the challenges faced by the empirical macroeconomist and methods for surmounting them. These challenges arise due to the fact that macroeconometric models potentially include a large number of variables ...

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