Now showing items 1-3 of 3

  • Delay and haircuts in sovereign debt : recovery and sustainability 

    Ghosal, Sayantan; Miller, Marcus; Thampanishvong, Kannika (University of St Andrews, 2010-08) - Working or discussion paper
    One of the striking aspects of recent sovereign debt restructurings is, conditional on default, delay length is positively correlated with the size of 'haircut', which is size of creditor losses. In this paper, we develop ...
  • Endogenous infrastructure development and spatial takeoff 

    Trew, Alex William (University of St Andrews, 2016-01-12) - Working or discussion paper
    Infrastructure development can affect the spatial distribution of economic activity and, by consequence, aggregate structural transformation and growth. The growth of trade and specialization of regions, in turn, affects ...
  • Taxation, unemployment and working time in models of economic growth 

    FitzRoy, Felix; Funke, Michael; Nolan, Michael A. (School of Economics and Finance, University of St Andrews., 2001-08) - Working or discussion paper
    This paper combines collective bargaining over wages and working time with models of endogenous and neoclassical growth. Public expenditure is funded by taxes on capital and labour supplied by infinitely-lived households ...