Now showing items 1-4 of 4

  • 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 ...
  • 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 ...
  • 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, ...
  • 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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