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

  • Earnout financing in the financial services industry 

    Barbopoulos, Leonidas G.; Molyneux, Phil; Wilson, John O.S. (2016-10) - Journal article
    This paper explores the effects of earnout contracts used in US financial services M&A. We use propensity score matching (PSM) to address selection bias issues with regard to the endogeneity of the decision of financial ...
  • Entrepreneurship, agency frictions and redistributive capital taxation 

    Knowles, Matthew Paul; Boar, Corina (2017-08-27) - Working or discussion paper
    Motivated by the observation that among OECD countries redistribution is negatively correlated with entrepreneurial activity, we examine the implications of entrepreneurial financial frictions for optimal linear capital ...
  • Capital deaccumulation and the large persistent effects of financial crises 

    Knowles, Matthew Paul (2015-01-17) - Working or discussion paper
    In a panel of OECD and emerging economies, I find that banking crises are characterized by larger initial drops in investment than other large recessions and are followed by particularly persistent drops in output. ...
  • The clarity incentive for issue engagement in campaigns 

    Basu, Chitralekha; Knowles, Matthew Paul (2017-06-14) - Working or discussion paper
    Although parties focus disproportionately on favorable issues in their election campaigns, it is also the case that parties spend much of the ‘short campaign’ addressing the same issues – and especially salient issues. If ...
  • ​Afriat's Theorem and Samuelson's 'Eternal Darkness' 

    Polisson, Matthew; Renou, Ludovic (2016-08) - Journal article
    Suppose that we have access to a finite set of expenditure data drawn from an individual consumer, i.e., how much of each good has been purchased and at what prices. Afriat (1967) was the first to establish necessary and ...

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