Economics & Finance
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).
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Recent Submissions
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Education, income and happiness : panel evidence for the UK
(2018-11-14) - Journal articleUsing panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over nearly two decades, for samples split by education, and age, to our knowledge for the first time. The ... -
The Chinese Phillips curve – inflation dynamics in the presence of structural change
(2017-05-16) - Journal articleThis paper models inflation dynamics in China from 1987 to 2014 using a Phillips curve framework. The Phillips curve is generally estimated under the assumption of linearity and parameter constancy. The existence of ... -
Uncertainty shocks in a model of effective demand : comment
(2018-08-02) - Journal articleBasu and Bundick, 2017 showed an intertemporal preference volatility shock has meaningful effects on real activity in a New Keynesian model with Epstein and Zin, 1991 preferences. We show that when the distributional weights ... -
Essays on cartel policy with endogenous cartel size
(University of St Andrews, 2018-06-29) - ThesisThis thesis examines the role of endogenous size processes in the stability and price setting decisions of cartels. Chapter One analyses how the stability of cartels de- pends on the level of horizontal product differentiation ... -
On the microeconomic foundations of linear demand for differentiated products
(2017-05) - Journal articleThis paper provides a thorough exploration of the microeconomic foundations for the multi-variate linear demand function for differentiated products, which is widely used in industrial organization. The setting is the ...
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