Now showing items 1-3 of 3
Measuring the Euro-Dollar Permanent Equilibrium Exchange Rate using the Unobserved Components Model
(University of Stirling, 2014-11)
This paper employs an unobserved component model that incorporates a set of economic fundamentals to obtain the Euro-Dollar permanent equilibrium exchange rates (PEER) for the period 1975Q1 to 2008Q4. The results show that ...
The role of education in equity portfolios during the recent financial crisis
(University of Glasgow, 2014)
Using a panel of 38 economies, over the period 2001 to 2010, we analyse the link between diversification in equity portfolios and different facets of education. We find that traditionally used measures of education play ...
Picking the Right Budget Constraint for Scotland
(University of Glasgow, 2014-10-23)
This position paper considers the devolution of further fiscal powers to the Scottish Parliament in the context of the objectives and remit of the Smith Commission. The argument builds on our discussion of fiscal ...