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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

  • ESRC Postdoctoral Fellowships

    The UCL, Bloomsbury and East London DTP invites applications for three postdoctoral fellowships (PDFs) to be based within departments at the partner institutions within the Doctoral Training Partnership (DTP): University College London, Birkbeck, the London School of Hygiene & Tropical Medicine, the School of Oriental and African Studies, and the University of East London.

  • Competition for ESRC Studentships for October 2018 entry is now open

    ESRC PhD Scholarships for 2018 entry are available via UCL, Bloomsbury and East London Doctoral Training Partnership (DTP) for suitable candidates.

  • Sundstrom Scholarships for 2017/18 Entry

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