Now showing items 1-13 of 13

  • The Distributional Consequences of Supply-Side Reforms in General Equilibrium 

    Angelopoulos, Konstantinos; Fernandez, Bernardo X.; Malley, James (University of Glasgow, 2010)
    This paper addresses the issue on whether tax reforms consisten with lower public debt-to-GDP in the long-run can lead to a more efficient and equitable economy. To this end we solve a heterogeneous agent model comprised ...
  • The distributional consequences of tax reforms under market distortions 

    Angelopoulos, Konstantinos; Jiang, Wei; Malley, James (University of Glasgow, 2011)
    In this paper we examine the importance of imperfect competition in product and labour markets in determining the long-run welfare e¤ects of tax reforms assuming agent heterogeneneity in capital hold- ings. Each of these ...
  • Do institutions matter for economic fluctuations? Weak property rights in a business cycle model for Mexico 

    Angelopoulos, Konstantinos; Economides, George; Vassilatos, Vangelis (University of GlasgowAthens University, 2008)
    This paper shows that introducing weak property rights in the standard real business cycle (RBC) model can help to explain economic fluctuations. This is motivated by the empirical observation that changes in institutions ...
  • Do political incentives matter for tax policies? Ideology, opportunism and the tax structure 

    Angelopoulos, Konstantinos; Economides, George; Kammas, Pantelis (University of GlasgowUniversity of Ioannina, 2009)
    This paper investigates the importance of political ideology and opportunism in the choice of the tax structure. In particular, we examine the effects of cabinet ideology and elections on the distribution of the tax burden ...
  • Fear of model misspecifcation and the robustness premium 

    Angelopoulos, Konstantinos; Malley, James (University of Glasgow, 2010)
    Robust decision making implies welfare costs or robustness premia when the approximating model is the true data generating process. To examine the importance of these premia at the aggregate level we employ a simple ...
  • First-and second-best allocations under economic and environmental uncertainty 

    Angelopoulos, Konstantinos; Economides, George; Philippopoulos, Apostolis (University of GlasgowAthens University, 2010)
    This paper uses a micro-founded DSGE model to compare second-best optimal environmental policy and the resulting allocation to first-best allocation. The focus is on the source and size of uncertainty, and how this affects ...
  • Fiscal multipliers in a two-sector search and matching model 

    Angelopoulos, Konstantinos; Jiang, Wei; Malley, James (University of Glasgow, 2015-01-25)
    This paper evaluates the effects of policy interventions on sectoral labour markets and the aggregate economy in a business cycle model with search and matching frictions. We extend the canonical model by including ...
  • Human capital, social mobility and the skill premium 

    Angelopoulos, Konstantinos; Malley, James; Philippopoulos, Apostolis (University of GlasgowAthens University of Economics & Business, 2013)
    This paper develops a dynamic general equilibrium model to highlight the role of human capital accumulation of agents differentiated by skill type in the joint determination of social mobility and the skill premium. We ...
  • The Optimal Distribution of the Tax Burden over the Business Cycle 

    Angelopoulos, Konstantinos; Asimakopoulos, Stylianosulos; Malley, James (University of Glasgow, 2013)
    This paper analyses optimal income taxes over the business cycle under a balanced-budget restriction, for low, middle and high income households. A model incorporating capital-skill complementarity in production and ...
  • Optimal taxation and the skill premium 

    Angelopoulos, Konstantinos; Malley, James; Philippopoulos, Apostolis (University of GlasgowAthens University, 2012)
    The stylized facts suggest a negative relationship between tax progressivity and the skill premium from the early 1960s until the early 1990s, and a positive one thereafter. They also generally imply rising tax progressivity, ...
  • Tax smoothing in a business cycle model with capital-skill complementarity 

    Angelopoulos, Konstantinos; Asimakopoulos, Stylianos; Malley, James (University of Glasgow, 2014-03-26)
    This paper undertakes a normative investigation of the quantitative properties of optimal tax smoothing in a business cycle model with state contingent debt, capital-skill complementarity, endogenous skill formation and ...
  • Tax Structure, Growth and Welfare in the UK 

    Angelopoulos, Konstantinos; Malley, James; Philippopoulos, Apostolis (University of Glasgow, 2008)
    This paper studies the quantitative implications of changes in the composition of taxes for long-run growth and expected lifetime utility in the UK economy over 1970-2005. Our setup is a dynamic stochastic general ...
  • Time-consistent fiscal policy under heterogeneity: Conflicting or common interests? 

    Angelopoulos, Konstantinos; Malley, James; Philippopoulos, Apostolis (University of GlasgowAthens University, 2011)
    This paper studies the aggregate and distributional implications of Markov-perfect tax-spending policy in a neoclassical growth model with capitalists and workers. Focusing on the long run, our main fi ndings are: (i) it ...

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