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Gylfi Zoega

Professor of Economics
MA, PhD (Columbia)

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Research Interests

  • macroeconomics
  • labour economics
  • econometrics

Recent Publications

  • "Job Protection, Growth and Macroeconomic Shocks", with Yu-Fu Chen and Dennis Snower. Forthcoming in Labour.
  • "Is Wage Compression Necessary for General Training?" with Alison Booth. Forthcoming in Oxford Economic Papers.
  • "Wage Distribution and Unemployment", with Jean-Paul Fitoussi, in The 1990s Slump: Causes and Cures, ed. M. Baldassari, MacMillan Press, London, 1996, p. 57-92.
  • "Can Structural Factors Account for the Slump of the 1990s?", with Edmund S. Phelps, in The 1990s Slump: Causes and Cures, ed. M. Baldassari, MacMillan Press, London, 1996, p. 115-137.
  • "Wages ahead of Demand", with J. Michael Orszag, Economics Letters, 53 (1996), p. 341-347.
  • "Challenges facing Natural Rate Theory", with Marco Bianchi, European Economic Review, 41 (1997), p. 535-547.
  • "The Rise and Falling Trend of the Natural Rate", with Edmund Phelps, American Economic Review, American Economic Association Papers and Proceedings, 87 (1997), no 2, p. 283-289.
  • "Public Consumption and Unemployment", Scottish Journal of Political Economy, 44 (1997), p. 269-279.
  • "Natural Rate Theory and Europe's Unemployment", with Edmund Phelps. The Economic Journal, 108 (1998), p. 782-801.
  • "Unemployment Persistence: Does the Size of the Shock Matter?", with Marco Bianchi. The Journal of Applied Econometrics, 13 (3), (1998), p. 283-304.
  • "A Mixed Blessing: Natural Resources in an Endogenous Growth Model", with Thorvaldur Gylfason and Tryggvi Herbertsson. Macroeconomic Dynamics, 3 (1999), p. 204-225.
  • "A Nonparametric Analysis of Regional Unemployment Dynamics in Britain", with Marco Bianchi. Journal of Business, Economics and Statistics, 17 (2), (1999).
  • "Quitting Externalities with Uncertainty about Future Productivity", with Alison Booth. Oxford Economic Papers, 51 (1999), p. 374-386.
  • "How Effecive are Firing Costs?", with Yu-Fu Chen. Labour Economics, 6 (3) (1999), p. 335-35.
  • "Education and the Natural Rate of Unemployment", with J. Michael Orszag and Edmund S. Phelps. Oxford Economic Papers, 52 (2000), p. 204-223.
  • "Trade Surpluses and Life-cyce Saving Behaviour", with Tryggvi Herbertsson. Economics Letters, 65 (2000), p. 227-237.
  • "Roots of the Nascent Recoveries: Market Forces, Sound Finance, Labor Reforms and Enterprise Policy" with Jean-Paul Fitoussi, David Jestaz and Edmund S. Phelps. Brookings Papers on Economic Activity, 2000. p. 237-291.
  • "The Implications of EMU for European Labour Markets", ed. Tito Boeri. Product Market Competition and the Labour Market, MIT Press, 2000, p. 368-221.
  • "Stocks and Jobs: the Valuation of Firms and Business Assets as a Factor in Structural Slumps and Booms", with Edmund S. Phelps. Economic Policy, April, 2001, p. 85-126.
  • "An Icelandic Natural Experiment in Supply-side Economics", with Marco Bianchi and Bjorn Gudmundsson. American Economic Review, December, 2001, p. 1564-1579.
  • "Testing the Persistence and Structuralist Theories of Unemployment" with Jerry Coakley and Ana-Maria Fuertes. Studies in Nonlinear Dynamics and Econometrics, 2001, p. 179-202.
  • "The Incidence of Increased Unemployment in the Group of Seven, 1970-1994", with Edmund Phelps. Festschrift in honour of Professor Drandakis, Athens School of Business and Economics,2002, p. 154-180.
  • "Hiring and Firing: A Tale of Two Thresholds", with Alison Booth and Yu-Fu Chen. Journal of Labor Economics, 2002. 9
  • "Ownership and Growth", with Thorvaldur Gylfason and Tryggvi Herbertsson. World Bank Economic Review, 2002. 9
  • "The British Beveridge Curve: A Tale of Ten Regions", with Howard J. Wall. Oxford Bulletin of Economics and Statistics, 2002.
  • "The Modigliani "Puzzle"", with Tryggvi Herbertsson. Economics Letters, 2002.
  • "The Welfare Implications of Firing Costs", with Alison Booth. Forthcoming in the European Journal of Political Economy.
  • "Unions, Training and Wages: Evidence for British Men", with Alison Booth and Marco Francesconi. Forthcoming in the Industrial and Labor Relations Review.

Recent Working Papers


Reading Materials

  • Barro, R J (1991). Economic Growth in a Cross Section of Countries.
  • Barro, R J; Sala-I-Martin, X; Blanchard, O J; Hall, R (1991). Convergence Across States and Regions.
  • Gordon, R (Feb 2002). Technology & Economic Performance in the American Economy.
  • Gordon, R (Oct 2002). Two Centuries of Economic Growth: Europe Chasing the American Frontier.
  • Gordon, R (2003). Exploding Productivity Growth: Context, Causes & Implications.
  • Jorgenson, D; Ho, M S; Stiroh, K J (April 2002). Information Technology, Education, and the Sources of Economic Growth across U.S. Industries.
  • Nickell, S (2002/4). A Picture of European Unemployment: Success and Failure.
  • Smith, R; Zoega G (March 2004). Global Shocks and World Adjustment.
  • Young, A (August 1995). The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience.

Contact details

Phone: +44 (0) 20 7631 6448
Room: 701
Office Hours: email for appointment

Current news

  • Sundstrom Scholarships for 2017/18 Entry

    Two Home/EU scholarships for MSc programmes are available in the Department of Economics, Mathematics and Statistics.

  • PhD Studentships for 2017/18 Entry

    Applications are invited for full-time PhD studentships in the Department of Economics, Mathematics and Statistics, starting in the academic year 2017/18.

  • PhD Scholarships for 2017

    ESRC PhD Scholarships for 2017 entry are available via UCL, Bloomsbury and East London Doctoral Training Partnership (DTP) for suitable candidates.