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.

Recent Submissions

  • Velocity in the long run : money and structural transformation 

    Mele, Antonio; Stefanski, Radoslaw (Radek) (University of St Andrews, 2016-07-28) - Working or discussion paper
    Monetary velocity declines as economies grow. We argue that this is due to the process of structural transformation - the shift of workers from agricultural to non-agricultural production associated with rising income. A ...
  • Nominal Stability and Financial Globalization 

    Devereux, Michael B.; Senay, Ozge; Sutherland, Alan (2014-08) - Journal article
    Over the past four decades, there has been a substantial increase in financial globalization, that is, rapid growth in gross external portfolio positions. There has also been a substantial fall in the variability of ...
  • Legal uncertainty, competition law enforcement procedures and optimal penalties 

    Katsoulacos, Yannis; Ulph, David Tregear (2015) - Journal article
    In this paper we make three contributions to the literature on optimal Competition Law enforcement procedures. A first contribution, of more general interest, is to formalise the concept of “legal uncertainty”, relying on ...
  • Stabilization and commitment : forward guidance in economies with rational expectations 

    Hughes Hallett, Andrew; Acocella, Nicola (2016-04-05) - Journal article
    We construct a theory of forward guidance in economic policy making in order to provide a framework for explaining the role and strategic advantages of including forward guidance as an explicit part of policy design. We ...
  • Asymmetric dominance, deferral and status quo bias in a behavioral model of choice 

    Gerasimou, Georgios (2016-02) - Journal article
    This paper proposes and axiomatically characterizes a model of choice that builds on the criterion of partial dominance and allows for two types of avoidant behavior: *choice deferral* and *status quo bias*. These phenomena ...

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