Our research strengths are in dynamic macroeconomics, choice theory, bounded rationality, game theory, expectations and learning, competition and innovation and climate change. We support two research centres - the Centre for Dynamic Macroeconomic Analysis (CDMA) and the Centre for Research in Industry, Enterprise, Finance and the Firm (CRIEFF), and we are also actively involved in the Scottish Institute for Research in Economics (SIRE).

For more information please visit the School of Economics & Finance home page.

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Recent Submissions

  • Cost of borrowing shocks and fiscal adjustment 

    de Groot, Oliver; Holm-Hadulla, F.; Leiner-Killinger, N. (2015-12) - Journal article
    Do capital markets impose fiscal discipline? To answer this question, we estimate the fiscal response to a change in the interest rate paid by 14 European governments over four decades in a panel VAR, using sign restrictions ...
  • Dirty little secrets : inferring fossil-fuel subsidies from patterns in emission intensities 

    Stefanski, Radoslaw (University of St Andrews, 2017-03-06) - Working or discussion paper
    I develop a unique database of international fossil-fuel subsidies by examining country specific patterns in carbon emission-to-GDP ratios, known as emission-intensities. For most - but not all - countries, intensities ...
  • Lower tax for minimum wage earners 

    FitzRoy, Felix; Jin, Jim (University of St Andrews, 2017-02) - Working or discussion paper
    We show that minimum wage earners should pay a lower tax than high earners. Though intuitive, this idea is not supported by the existing literature. The optimal maximin tax curve and two-band taxes are usually decreasing. ...
  • Higher tax for top earners 

    FitzRoy, Felix; Jin, Jim (University of St Andrews, 2017-02) - Working or discussion paper
    The literature can justify increasing and decreasing marginal taxes (IMT & DMT) on top income under different social objectives and income distributions. Even if DMT are optimal, they are often politically infeasible. Then ...
  • Inferring cognitive heterogeneity from aggregate choices 

    Dardanoni, Valentino; Manzini, Paola; Mariotti, Marco; Tyson, Christopher J. (University of St Andrews, 2017-04-03) - Working or discussion paper
    We study the problem of recovering the distribution of cognitive characteristics in a popula-tion of boundedly rational agents from the aggregate choices they make from a fixed menu of alternatives. Two models of limited ...

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