Discussion Papers

Discussion Papers

Staff regularly publish work-in-progress as discussion papers. View most recent discussion papers within the Adam Smith Business School below.

If you would like to view papers from 2013 or earlier, visit the archive section.

If you have a discussion paper to be added, please contact business-school-research@glasgow.ac.uk

2019

2019-01 'Four phases in the history of money' by Luis Angeles

2019-02 Working paper by Betty Wu, Iain MacNeil and Katarzyna Chalaczkiewicz-Ladna (no longer available to download)

2019-03 'Cyclical income risk in Great Britain' by Konstantinos Angelopoulos, Spyridon Lazarakis and James Malley

2019-04 'Estimated Human Capital Externalities in an Endogenous Growth Framework' by Jim Malley and Ulrich Woitek

2019-05 'Savings externalities and wealth inequality' by Konstantinos Angelopoulos, Spyridon Lazarakis and James Malley


2018

2018-01 'Debt Sustainability and Welfare along an Optimal Laffer Curve' by Xiaoshan Chen, Campbell Leith and Matta Ricci

2018-02 'Should the ECB coordinate EMU fiscal policies?' by Tatiana Kirsanova, Celsa Machado and Ana Paula Ribeiro

2018-03 'Which Banks Smooth and at What Price?' by Sotirios Kokas, Dmitri Vinogradov and Marios Zachariadis

2018-04 'Foreign exchange order flow as a risk factor' by Craig Burnside, Mario Cerrato and Zhekai Zhang

2018-05 'Discouragement through incentives' by Dmitri Vinogradov and Elena Shadrina


2017

2017-01 "Studying the Implications of Consumption and Asset Return Data for Stochastic Discount Factors in Incomplete International Economics" by Gurdip Bakshi, Mario Cerrato and John Crosby

2017-02 "Asymmetries in earnings, employment and wage risk in Great Britain" by Konstantinos Angelopoulos, Spyridon Lazarakis and James Malley

2017-03 "Financial Literacy and Attitudes to Redistribution" by Alberto Montagnoli, Mirko Moro, Georgios A. Panos and Robert E. Wright

2017-04 "A Composition- Consistency Characterization of the Plurality Rule" by Z. Emel Ozturk (no longer available to download)

2017-05 "Durations at the Zero Lower Bound" by Richard Dennis

2017-06 "Financing Lumpy Adjustment" by Christoph Gortz, Plutarchos Sakellaris and John D. Tsoukalas

2017-07 "Wealth inequality and externalities from ex-ante skill heterogeneity" by Konstantinos Angelopoulos, Spyridon Lazarakis and James Malley

2017-08 "Disputes, Debt and Equity" by Alfred Duncan and Charles Nolan

2017-09 "Liquidity Risk, Credit Risk and the Money Multiplier" by Tatiana Damjanovic, Vladislav Damjanovic and Charles Nolan

2017-10 "Can subsiding job-related training reduce inequality?" by Konstantinos Angelopoulos, Andrea Benecchi and James Malley

2017-11 "The Effect of New Shocks and Monetary Policy" by Luca Ganbetti, Dimitris Korobilis, John D. Tsoukalas and Francesco Zanetti

2017-12 "Signaling Probabilities in Ambiguity: on the impact of vague news by Dmitri Vinogradov and Yousef Makhlouf


2016

2016-01‌ - "Understanding Inflation as a Joint Monetary-Fiscal Phenomenon" by Eric M. Leeper and Campbell Leith

2016-02‌ - "Private information and business cycle risk sharing" by Alfred Duncan, University of Cambridge

2016-03‌ - "Forecasting the 2015 General Election with Internet Big Data: An Application of the TRUST Framework" by Ronald MacDonald and Xuxin Mao

2016-04‌ - "Optimal Time-Consistent Monetary, Fiscal and Debt Maturity Policy" by Eric M. Leeper, Campbell Leith and Ding Liu

2016-05‌ - "Monetary Policy and Corporate Bond Returns" by Alexandros Kontonikas, Paulo Maio and Zivile Zekaite

2016-06‌ - "Japan's Currency Intervention Regimes: A Microstructural Analysis with Speculation and Sentiment" by Ronald MacDonald and Xuxin Mao

2016-07‌ - "Competitive Fair Division under additive utilities" by Anna Bogomolnaia and Hervé Moulin

2016-08‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ - "The Unreasonable Fairness of Maximum Nash Welfare" by Hervé Moulin, Ioannis Caragiannis, David Kurokawa, Ariel D. Procaccia, Nisarg Shah and Junxing Wang.

2016-09‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ - "Bayesian Compressed Vector Autoregressions" by Dimitris Korobilis, Gary Koop and Davide Pettenuzzo

2016-10‌ - "Bank development and a lower degree of sophistication and diversification of developing countries’ exports" by Alberto Paloni and John Ebireri

2016-11‌ - "Deep Recessions and Slow Recoveries" by Tatiana Kirsanova, Charles Nolan and Maryam Shafiei Deh Abad

2016-12‌ - "Political Economics of Fiscal Consolidations and External Sovereign Accidents" by Carolina Achury, Christos Koulovatianos and John Tsoukalas

2016-13‌ - "Implementation in partial equilibrium" by Takashi Hayashi and Michele Lombardi

2016-14‌ - "Sequential implementation without commitment" by Takashi Hayashi and Michele Lombardi

2016-15‌- "New Shocks under Financial Frictions" by Christoph Gortz, John D. Tsoukalas and Francesco Zanetti

2016-16‌ - "A Non- Cooperative Approach to Dynamic Bargaining" by Francesca Flamini

2016-17‌ - "Optimal Bailout of Systemic Banks" by Charles Nolan, Plutarchos Sakellaris and John D. Tsoukalas

2016-18‌ - "Policy initiatives and firms' access to external finance: Evidence from a panel of emerging Asian Economies" by Udichibarna Bose, Ronald MacDonald and Serafeim Tsoukas

2016-19‌ - "Social decision under uncertainty and responsibility for beliefs" by Takashi Hayashi and Michele Lombardi

2016-20‌- "Dynamic Benchmark Targeting" by Karl H. Schlag and Andy Zapechelnyuk

2016-21‌- "Optimal Allocation with Ex-post Verification and Limited Penalties" by Tymofiy Mylovanov and Andy Zapechelnyuk

2016-22‌- "Persuasion of a Privately Informed Receiver" by Anton Kolotilin, Tymofiy Mylovanov, Andy Zapechelnyuk and Ming Li

2016-23‌- "Financial Literacy and Political Orientation in Great Britain" by Alberto Montagnoli, Mirko Moro, Georgios Panos and Robert E Wright 


2015

2015-01‌ - "Policy initiatives and firms' access to external finance: Evidence from a panel of emerging Asian economies" by Udichibarna Bose, Ronald MacDonald and Serafeim Tsoukas

2015-02‌ - "The Optimal Degree of Monetary-Discretion in a New Keynesian Model with Private Information" by Yuichiro Waki, Ippei Fujiwara and Richard Dennis

2015-03‌ - "Fiscal multipliers in a two-sector search and matching model" by Konstantinos Angelopoulos, Wei Jiang and James Malley

2015-04‌ - "Firm survival, uncertainty and financial frictions: Is there a financial uncertainty accelerator?" by Joseph P. Byrne, Marina-Eliza Spaliara and Serafeim Tsoukas

2015-05‌ - "An Alternative way of predicting the outcome of the Scottish Independence Referendum: the information in the Ether." by Ronald MacDonald and Xuxin Mao

2015-07‌ - "Transaction Costs and Institutions: Investments in Exchange" by Charles Nolan and Alex Trew

2015-08‌ - "Term Structure Dynamics, Macro-Finance Factors and Model Uncertainty" by Joseph P. Byrne, Shuo Cao and Dimitris Korobilis.

2015-09‌ - "Quantile forecasts of in‡ation under model uncertainty" by Dimitris Korobilis.

2015-10‌ - "Prior selection for panel vector autoregressions" by Dimitris Korobilis.

2015-11‌ - "Tracking cost savings from competitive tendering in the short and long run" by Luis Angeles and Robin G. Milne‌

2015-12‌ - "Co-Movement, Spillovers and Excess Returns in Global Bond Markets?" by Joseph P. Byrne, Shuo Cao and Dimitris Korobilis

2015-13‌ - "Education and the local equity bias around the world" by Udichibarna Bose, Ronald MacDonald and Serafeim Tsoukas

2015-14‌ - "US Monetary and Fiscal Policies - conflict or cooperation?" by Xiaoshan Chen, Eric M. Leeper and Campbell Leith

2015-15‌ - "Modeling Dependence Structure and Forecasting Market Risk with Dynamic Asymmetric Copula" by Mario Cerrato, John Crosby, Minjoo Kim and Yang Zhao

2015-16‌ - "Nominal Targeting in an Economy with Government Debt" by Yuting Bai, Tatiana Kirsanova and Campbell Leith

2015-17‌ - "Always and Everywhere Inflation? Treasuries Variance Decomposition and the Impact of Monetary Policy" - by Alexandros Kontonikas, Charles Nolan and Zivile Zekaite

2015-18‌ - "Financialisation, Business Lending and Profitability in the UK" by Victor Ekpu and Alberto Paloni

2015-19‌ - "A note on debt and economic activity" by Luis Angeles and Robin Milne

2015-20‌ - "Economic Growth and Evolution of Gender Equality" by Tatiana Damjanovic and Geethanjali Selvaretnam

2015-21‌ - "Laissez-faire versus Pareto" by Kristof Bosmans and Z. Emel Ozturk

2015-22‌ - "Objectives and Challenges of Macroprudential Policy" by Alfred Duncan and Charles Nolan

2015-23‌ - "Risk Sharing in International Economies and Market Incompleteness" by Gurdip Bakshi, Mario Cerrato and John Crosby

2015-24‌ - "Correlated Defaults of UK Banks: Dynamics and Asymmetries" by Mario Cerrato, John Crosby, Minjoo Kim and Yang Zhao

2015-25‌ - "Forecasting With High Dimensional Panel VARs" by Gary Koop, Dimitris Korobilis


2014

2014-01 "Noncooperative oligopoly in markets with a continuum of traders: a limit theorem a la Cournot" by Francesca Busetto, Giulio Codognato and Sayantan Ghosal

2014-02 "Self-confidence, overconfidence and prenatal testosterone exposure: evidence from the lab" by Patricio S. Dalton and Sayantan Ghosal

2014-03‌ "Exchange rate predictability in a changing world" by Joseph P. Byrne, Dimitris Korobilis, and Pinho J. Ribeiro

2014-04 "Data-based priors for vector autoregressions with drifting coefficients" by Dimitris Korobilis

2014-05‌ "Tax smoothing in a business cycle model with capital-skill complementarity" by Konstantinos Angelopoulos, Stylianos Asimakopoulos and James Malley

2014-06‌ "The in‡flation bias under Calvo and Rotemberg pricing" by Campbell Leith and Ding Liu

2014-07‌ "Optimal progressive taxation in a model with endogenous skill supply" by Konstantinos Angelopoulos, Stylianos Asimakopoulos and James Malley

2014-08‌ "Monetary policy in times of financial stress" by Alexandros Kontonikas, Charles Nolan and Zivile Zekaite

2014-09‌ "On the real effects of financial pressure: Evidence from euro area firm-level employment during the recent financial crisis" by Filipa Fernandes, Alexandros Kontonikas, Serafeim Tsoukas

2014-10‌ "Model uncertainty in panel vector autoregressive models" by Gary Koop and Dimitris Korobilis

2014-11‌ "An independent Scotland’s currency options redux: Assessing the costs and benefits of currency choice" by Ronald MacDonald, CESifo Policy Group Munich

2014-12‌ "Atomic Cournotian traders may be Walrasian" by Giulio Codognato, Sayantan Ghosal and Simone Tonin

2014-13‌ "Nondictatorial Arrovian Social Welfare Functions An Integer Programming Approach" by Francesca Busetto, Giulio Codognato and Simone Tonin

2014-14‌ "Integer Programming on Domains Containg Inseparable Ordered Pairs" by Francesca Busetto, Giulio Codognato and Simone Tonin

2014-15‌ "Non-Cooperative Asymptotic Oligopoly in Economies with In finitely Many Commodities" by Sayantan Ghosal and Simone Tonin

2014-16‌ "On the Sources of Uncertainty in Exchange Rate Predictability" by Joseph P. Byrne, Dimitris Korobilis, and Pinho J. Ribeiro

2014-17‌ "The role of education in equity portfolios during the recent financial crisis" by Udichibarna Bose, Ronald MacDonald, Serafeim Tsoukas

2014-18‌ "Picking the right budget constraint for Scotland" by Paul Hallwood and Ronald MacDonald

2014-19‌ "An Empirical Assessment of Optimal Monetary Policy Delegation in the Euro Area" by Xiaoshan Chen, Tatiana Kirsanova, Campbell Leith

2014-20‌ "Disputes, Debt and Equity" by Alfred Duncan and Charles Nolan

2014-21‌ "Computing Markov-Perfect Optimal Policies in Business-Cycle Models" by Richard Dennis and Tatiana Kirsanova


Related links:

Archive (from 1996)