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

  • Dynamic benchmark targeting 

    Schlag, Karl H.; Zapechelnyuk, Andriy (2017-05-01) - Journal article
    We study decision making in complex discrete-time dynamic environments where Bayesian optimization is intractable. A decision maker is equipped with a finite set of benchmark strategies. She aims to perform similarly to ...
  • Optimal universal and categorical benefit provision with classification errors and imperfect enforcement 

    Slack, Sean; Ulph, David (2017-04) - Journal article
    We determine the optimal combination of a universal benefit and categorical benefit when individuals differ in their ability to work and, if able to work, their productivity. The categorical benefit is conditioned ex ante ...
  • Capital regulation and systemic risk in the insurance sector 

    Gehrig, Thomas; Iannino, Maria Chiara (2018-06-19) - Journal article
    This paper analyses systemic risk in and the effect of capital regulation on the European insurance sector. In particular, the evolution of an exposure measure (SRISK) and a contribution measure (Delta CoVaR) are analyzed ...
  • Monetary policy and financial stability in the long run : a simple game-theoretic approach 

    Cao, Jin; Chollete, Lorán (2017-02) - Journal article
    Many theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality, central banks play complex, long-horizon games and face more than one tradeoff. We account for these strategic ...
  • Regulatory decision errors, legal uncertainty and welfare : a general treatment 

    Katsoualcos, Yannis; Ulph, David Tregear (2017-07) - Journal article
    We provide a general treatment of the implications for welfare of various sources of legal uncertainty facing agents about the decisions made by a regulatory authority. We distinguish the legal uncertainty from the decision ...

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