Now showing items 1-10 of 10

    • Briefing No 6. Young people, homeownership and the fallacy of choice 

      McKee, Kim (University of St Andrews, 2015-05-20) - Report
    • Finance-Growth Nexus and dual-banking systems : relative importance of Islamic banks 

      Abedifar, Pejman; Hasan, Iftekhar; Tarazi, Amine (2016-12) - Journal article
      This paper investigates the relative importance of Islamic banks, alongside their conventional counterparts, in relation to banking and financial development and economic welfare. Using a sample of 22 Muslim countries, ...
    • Financial intermediation, resource allocation, and macroeconomic interdependence 

      Ozhan, G. Kemal (University of St Andrews, 2017-02-17) - Working or discussion paper
      This paper studies the role of the financial sector in affecting domestic resource allocation and cross-border capital flows. I develop a quantitative, two-country, macroeconomic model in which banks face endogenous and ...
    • Fiscal policy and learning 

      Mitra, Kaushik; Evans, George W; Honkapohja, Seppo (University of St Andrews, 2012-01) - Working or discussion paper
      Using the standard real business cycle model with lump-sum taxes, we analyze the impact of fiscal policy when agents form expectations using adaptive learning rather than rational expectations (RE). The output multipliers ...
    • Higher tax for top earners 

      FitzRoy, Felix R; Jin, Jim Yongtao (2017-10) - Journal article
      The literature can justify both increasing and decreasing marginal taxes (IMT & DMT) on top incomes under different welfare objectives and income distributions. Even when DMT are theoretically optimal, they are often ...
    • Increasing 'the Vital 6 Percent' : Designing effective public policy to support high growth firms 

      Brown, Ross Crawford; Mason, Colin; Mawson, Suzanne (National Endowment for Science Technology and Arts, 2014-01-13) - Working or discussion paper
      This paper examines the nature of high growth firms (HGFs) and how they are supported by public policy. HGFs have become a key focus for public policy within the UK and across many OECD economies in recent years. In parallel ...
    • Labour market frictions, monetary policy and durable goods 

      Di Pace, Federico Nicolas; Hertweck, Matthias (University of Konstanz, 2012-06-06) - Working or discussion paper
      The standard two-sector monetary business cycle model suffers from an important deficiency. Since durable good prices are more flexible than non-durable good prices, optimising households build up the stock of durable goods ...
    • Obesity and smoking : can we catch two birds with one tax? 

      Dragone, Davide; Manaresi, Francesco; Savorelli, Luca (University of St Andrews, 2013-07) - Working or discussion paper
      The debate on tobacco and fat taxes often treats smoking and eating as independent behaviors. However, the available evidence shows that they are interdependent, which implies that policies against smoking or obesity may ...
    • The opportunity cost of negative screening in socially responsible investing 

      Trinks, P. J.; Scholtens, B. (2017-01-27) - Journal article
      This paper investigates the impact of negative screening on the investment universe as well as on financial performance. We come up with a novel identification process and as such depart from mainstream socially responsible ...
    • Tobacco taxes and smoking bans impact differently on obesity and eating habits 

      Dragone, Davide; Manaresi, Francesco; Savorelli, Luca (Universita di Bologna, 2013-04) - Working or discussion paper
      Policy interventions aimed at affecting a specific behavior may also indirectly affect individual choices in other domains. In this paper we study the direct effect of tobacco excise taxes and smoking bans on smoking ...