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

  • A model of self-discipline 

    Mihm, Maximilian; Ozbek, Kemal (2016) - Working or discussion paper
    In this paper, we propose a model of self-discipline where a decision-maker balances the benefits of regulating her moods against a cost of self-discipline effort. Self-discipline is beneficial as it reduces the chances ...
  • Coordinating the household retirement decision 

    Merkurieva, Irina (University of St Andrews, 2017-05-11) - Working or discussion paper
    This paper explores the sources of retirement synchronisation in dual career households. Empirical evidence suggests that majority of the couples exit the labor force within a short period of time, too tight to be explained ...
  • Solving asset pricing models with stochastic volatility 

    de Groot, Oliver (2015-03) - Journal article
    This paper provides a closed-form solution for the price-dividend ratio in a standard asset pricing model with stochastic volatility. The growth rate of the endowment is a first-order Gaussian autoregression, while the ...
  • Revealed preferences over risk and uncertainty 

    Polisson, Matthew; Quah, John K.-H.; Renou, Ludovic (University of St Andrews, 2017-04-29) - Working or discussion paper
    We develop a nonparametric procedure, called the lattice method, for testing the consistency of contingent consumption data with a broad class of models of choice under risk and under uncertainty. Our method allows for ...
  • Cost of borrowing shocks and fiscal adjustment 

    de Groot, Oliver; Holm-Hadulla, F.; Leiner-Killinger, N. (2015-12) - Journal article
    Do capital markets impose fiscal discipline? To answer this question, we estimate the fiscal response to a change in the interest rate paid by 14 European governments over four decades in a panel VAR, using sign restrictions ...

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