Economics & Finance: Recent submissions
Now showing items 96-100 of 109
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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 ... -
Growing through subsidies
(School of Economics and Finance, University of St Andrews., 2001) - Working or discussion paperWe consider an overlapping generation model based on Matsuyama (1999) and show that, whenever actual capital accumulation falls below its balanced growth path, subsidising innovators by taxing consumers has stabilising ... -
On the persistence of output fluctuations in high technology sectors
(School of Economics and Finance, University of St Andrews, 2000) - Working or discussion paperFatás (2000) argues that in a cross-section analysis of countries there exists a positive correlation between long-term growth rates and the persistence of output fluctuations. The current paper extends this line of ... -
On the determinants of initial public offering underpricing
(University of St Andrews, 2008-11-27) - ThesisThe initial public offering (IPO) underpricing phenomenon has frequently been noticed and generally is accepted as a puzzle in financial economics. Some of the new theories, such as behavioural finance, take the underpricing ... -
Sustainable monetary policy : lessons and evidence from the bank suspension period, 1797-1821
(University of St Andrews, 2008-07-25) - ThesisThis thesis re-examines the suspension of the gold standard rule in Britain between 1797 and 1821 within the framework of the theory of credible and time consistent monetary policy. By combining both historical and theoretical ...