Economics & Finance Research: Recent submissions
Now showing items 6-10 of 15
-
Sequential action and beliefs under partially observable DSGE environments
(2012) - Journal articleThis paper introduces a classification of DSGEs from a Markovian perspective, and positions the class of POMDP (Partially Observable Markov Decision Process) to the center of a generalization of linear rational expectations ... -
Endogenous Price Flexibility and Optimal Monetary Policy
(Centre for Dynamic Macroeconomic Analysis, 2010) - Working or discussion paperMuch of the literature on optimal monetary policy uses models in which the degree of nominal price flexibility is exogenous. There are, however, good reasons to suppose that the degree of price flexibility adjusts endogenously ... -
Universities and fundamental research: reflections on the growth of university-industry partnership
(School of Economics and Finance, University of St Andrews, 2002) - Working or discussion paperThe recent rise in university-industry partnerships has stimulated an important public policy debate regarding how these relationships affect fundamental research. In this paper, we examine the antecedents and consequences ... -
The cost of political intervention in monetary policy
(School of Economics and Finance, University of St Andrews., 2001) - Working or discussion paperData from a unique monetary ‘experiment’ conducted in the UK during the period 1994-97 are used to investigate the cost of political intervention in monetary policy. The paper finds that the difference between government ... -
Taxation, unemployment and working time in models of economic growth
(School of Economics and Finance, University of St Andrews., 2001-08) - Working or discussion paperThis paper combines collective bargaining over wages and working time with models of endogenous and neoclassical growth. Public expenditure is funded by taxes on capital and labour supplied by infinitely-lived households ...