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

  • Nuclear power plant closures and local housing values : evidence from Fukushima and the German housing market 

    Bauer, Thomas K.; Braun, Sebastian T.; Kvasnicka, Michael (2017-05) - Journal article
    The Fukushima Daiichi accident in Japan in March 2011 caused a fundamental change in Germany’s energy policy which led to the immediate shut down of nearly half of its nuclear power plants. Using data from Germany’s largest ...
  • Preference intensity representation and revelation 

    Gerasimou, Georgios (University of St Andrews, 2018-12-30) - Working or discussion paper
    This paper introduces preference intensity functions -an extension of (neo)classical cardinal utility functions- and characterizes by means of three simple standard axioms the class of basic preference intensity orderings ...
  • Information disclosure and asymmetric speed of learning in booms and busts 

    Palazzo, Francesco; Zhang, Min (2017-09) - Journal article
    We consider a model in which agents gradually learn about the aggregate market conditions — ‘boom’ or ‘bust’ — from the information disclosed after a trading round. The disclosure rules can generate asymmetric learning and ...
  • Valuation risk revalued 

    de Groot, Oliver; Richter, Alexander W.; Throckmorton, Nathaniel A. (University of St Andrews, 2018-12-17) - Working or discussion paper
    This paper shows the recent success of valuation risk (time-preference shocks in Epstein- Zin utility) in resolving asset pricing puzzles rests sensitively on an undesirable asymptote that occurs because the preference ...
  • The transmission of inequality across multiple generations : testing recent theories with evidence from Germany 

    Braun, Sebastian Till; Stuhler, Jan (2018-03-02) - Journal article
    This paper shows that across multiple generations, the persistence of occupational and educational attainment in Germany is larger than estimates from two generations suggest. We consider two recent interpretations. First, ...

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