It is widely accepted that the pursuit of economic growth is becoming increasingly infeasible and undesirable, necessitating substantial changes to European economies. European economic activity in terms of emissions, resource use, pollution and impacts on biodiversity is ecologically...

This paper aims to assess tax policy reforms that can sustain universal basic income programs and foster long-term growth and welfare in a currency union that faces fiscal rule constraints and inequality. To address this ongoing government and economics' debate, we developed a Dynamic Stochastic...

How and to what extent does the optimality of Universal Basic Income (UBI) depend on itstime inconsistency? I address these questions in an incomplete-markets economy by characterizingand solving for the equilibria of a dynamic game between individuals and a benevolentgovernment according to its...

This research essay critically evaluates the effectiveness of Universal Basic Income as a policy to combat poverty in developed economies, theoretically capable of implementing such fiscal spending. A special emphasis is placed on the macroeconomic costs of such a policy, including...

This paper develops and applies a micro-macroeconomic modelling approach to the introduction of a universal basic income in Scotland. With a growing interest in the value of large-scale welfare reforms in the light of persistent inequalities and following COVID0-19, we demonstrate the value of a...

This paper presents a theoretical model showing how political mistrust affects people's preferences for Universal Basic Income (UBI) when its implementation involves a reduction in spending for other public services (welfare retrenchment). The model shows that individuals with lower levels of...