Browsing by Author "GURDGIEV, CONSTANTIN"
Now showing items 1-17 of 17
-
A Changing Geopolitical Landscape: Informal Institutions and Democratization
(2006)The main purpose of this article is to explore the role that informal organisations play in the legitimisation of regime change and the failure of key modern theories of globalisation and international relations (I.R.) to ... -
A Comparison of the Appraisal Process for Auction and Private Treaty Residential Sales
(Elsevier, 2010)This paper examines residential sale mechanisms from an appraisal perspective and empirically tests for differences in the valuation process for auctioned and private treaty sales. We test the hypothesis that agents use ... -
Component-Specific Versus Comprehensive Habits in a Model of Income and Consumption Taxation
(2004)This paper proposes a model of economy with weakly non-separable preferences for both work effort and consumption. Households who derive utility from consumption of a single commodity and leisure take into account the ... -
Euro Crisis: From the Sovereigns to the Banks and Back to the Sovereigns
(Emerald, 2011)The global financial crisis of 2007-2009 crystallized the underlying imbalances that are currently acting to tear apart the Euro area monetary and fiscal systems by focusing markets and public attention on the core cause ... -
Exogenous Liquidity Supply in Presence of Repudiation Risk and Private Asset Recovery
(2003)Current paper proposes an extension of the seminal model by Holmstrom Tirole (1997) of the exogenous liquidity supply in presence of moral hazard to the case that includes private asset recovery under the limited liability ... -
Habits in Consumption, Transactions Learning and Economic Growth
(2005)This paper presents a model of endogenous growth in the presence of habit formation in consumption. We argue that in addition to the traditional disutility effects of habitual consumption, the past history of consumption ... -
Hedges and Safe Havens An Examination of Stocks, Bonds, Oil, Gold and the Dollar
(2011)We investigate five major financial asset classes, examining how and under what circumstances each may act as a hedge or a safe haven to each other. Using the approach of Baur and Lucey (2010) and Baur and McDermott (2010) ... -
High Performance Computing Instrumentation and Research Productivity in U.S. Universities
(JITI, 2010)This paper studies the relationship between investments in High-Performance Computing (HPC) instrumentation and research competitiveness. Measures of institutional HPC investment are computed from data that is readily ... -
The Irish Economy: Three Strikes and You're Out?
(2011)We examine the three interlinked Irish crises : the competitiveness, fiscal and banking crises, showing how all three combined to lay a lethal trap for Ireland. Starting from a point of economic balance, a series of poor ... -
A Life-Cycle Model of Habitual Dependence in Leisure Demand
(2008)This model proposes an extension of the traditional habits in consumption literature to encompass the time-persistence of leisure demand. The model establishes a link between the habitual leisure and income effects, which ... -
Migration and EU Enlargement: The Case of Ireland V Denmark
(2006)Since the EU enlargement, European migration policies were characterised by a fundamental inconsistency: faced by changes in public opinion toward migrants, the majority of the EU Member States have chosen to restrict the ... -
A Model of Comprehensive Habits with Psychological Effects of Work Effort
(2004)This paper develops a neoclassical growth model under the assumption of comprehensive habits that incorporate both consumption and labour supply decisions of the households. We show that in presence of comprehensive habits, ... -
Monetary Theory of Inflation and the LBD in Transactions Technology
(2004)Classical models of inflation, utilising the transactions-based demand for money, predict that monetary policy will be ineffective in changing real variables. In response to this, the New Keynesian sticky-price models ... -
NAMA: An Institutional and Operational Failure that Keeps Expanding
(2011)The National Asset Management Agency (NAMA) was created in 2009 by the Irish authorities with the expressed objective of assisting in the process of repairing domestic Irish banking sector in the aftermath of the severe ... -
Owner-Used Capital Goods and the Exchange Rate Determination
(2005)Present paper addresses the issue of the short and long run determination of the exchange rates in the Redux model of Obstfeld and Rogoff (1995). Current extension of the Redux model includes the investment projects that ... -
Project Contingent Repudiation Risk in the Model of North-South Lending
(2004)The present model proposes an extension of the Gertler and Rogoff (1990) model of international lending in the presence of moral hazard and the possibility of state-contingent and project-dependent repudiation risk along ... -
Real Estate and the Stock Market: A Meta?Regression Analysis
(2011)The real estate finance literature provides diverse and contradictory findings regarding the relationship between the real estate market and the stock market. Despite the importance of this relationship to the economy in ...
