Economics & Finance (School of): Recent submissions
Now showing items 91-95 of 108
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The cost of political intervention in monetary policy
(School of Economics and Finance, University of St Andrews., 2001) - Working or discussion paperData from a unique monetary ‘experiment’ conducted in the UK during the period 1994-97 are used to investigate the cost of political intervention in monetary policy. The paper finds that the difference between government ... -
Taxation, unemployment and working time in models of economic growth
(School of Economics and Finance, University of St Andrews., 2001-08) - Working or discussion paperThis 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 ... -
Welfare, growth and environment: a sceptical review of the skeptical environmentalist (Bjørn Lomborg, Cambridge University Press, 2001)
(School of Economics and Finance, University of St Andrews, 2002) - Working or discussion paperIn his wide ranging attempt to review the literature on economic development and welfare in relation to the environment, Lomborg claims balance and objectivity, but actually presents a thoroughly misleading picture of ... -
Heterogeneous beliefs and instability
(School of Economics and Finance, University of St Andrews., 2001) - Working or discussion paperWhile Rational Expectations have dominated the paradigm of expectations formation, they have been more recently challenged on the empirical ground such as, for instance, in the dynamics of the exchange rate. This challenge ... -
Renormalization method and its economic applications
(School of Economics and Finance, University of St Andrews., 2001) - Working or discussion paperThe purpose of this paper is to give new insights of the method of Helleman (1980) in the context of macrodynamics. This method explains how a difference equation can be locally studied from the Feigenbaum equation in ...