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Info
Positions held:
Professor of Economics,
Birkbeck Business School
Overview
Research
Research
Research interests
macroeconomics labour economics econometrics
Supervision and teaching
Supervision and teaching
Teaching
Teaching modules
Topics in Economic Policy (BUEM136H7)
Publications
Publications
Article
Zoega, Gylfi and Katsimi, M. and Teck Hoon, H.
(2022)
Investment and the long swings of unemployment .
Economics of Transition and Institutional Change
ISSN 2577-6983.
Zoega, Gylfi and Hall, A. and Scheving, A.S.
(2021)
The effect of a financial crisis on household finances: a case study of Iceland’s financial crisis .
Journal of Economic Crises
3
(4),
Zoega, Gylfi and Gylfason, G.
(2021)
Gender differences in Iceland's education system .
Icelandic Journal of Education
30
(2),
pp. 135-165.
ISSN 2298-8394.
Zoega, Gylfi
(2021)
Financial crises and current account surpluses .
Atlantic Economic Journal
49,
pp. 159-172.
ISSN 0197-4254.
Aksoy, Yunus and Zoega, Gylfi
(2020)
Fertility changes and replacement migration .
Economics Letters
196
(109519),
ISSN 0165-1765.
Raza, H. and Kinsella, S. and Zoega, Gylfi
(2018)
Exploring the effects of capital mobility on the saving–investment nexus: evidence from Icelandic historical data .
Scandinavian Economic History Review
67
(2),
pp. 117-131.
ISSN 0358-5522.
Zoega, Gylfi and Phelps, E.S.
(2018)
Values, institutions and the rise of Eastern Europe .
Economics of Transition
27
(1),
pp. 247-265.
ISSN 1468-0351.
Raza, H. and Kinsella, S. and Zoega, Gylfi
(2018)
Capital inflows, crisis and recovery in small open economies .
Finance Research Letters
27,
pp. 273-282.
ISSN 1544-6123.
Zoega, Gylfi and Arnorsson, A.
(2018)
On the causes of Brexit .
European Journal of Political Economy
55,
pp. 301-323.
ISSN 0176-2680.
Zoega, Gylfi and Gestsson, M.
(2018)
The golden rule of longevity .
Macroeconomic Dynamics
23
(1),
pp. 384-419.
ISSN 1365-1005.
Björnsson, D.F. and Zoega, Gylfi
(2017)
Seasonality of birth rates in agricultural Iceland .
Scandinavian Economic History Review
65
(3),
pp. 294-306.
ISSN 0358-5522.
Asgeirsdottir, T. and Olafsson, S. and Zoega, Gylfi
(2016)
Sleep and the management of alertness .
Mind & Society
ISSN 1593-7879.
Zoega, Gylfi
(2016)
Responding to capital flows in a very small economy .
Atlantic Economic Journal
44
(2),
pp. 159-170.
ISSN 0197-4254.
Katsimi, M. and Zoega, Gylfi
(2016)
European integration and the Feldstein–Horioka Puzzle .
Oxford Bulletin of Economics and Statistics
78
(6),
pp. 834-852.
ISSN 0305-9049.
Gylfason, T. and Tómasson, H. and Zoega, Gylfi
(2016)
Around the world with Irving Fisher .
The North American Journal of Economics and Finance
36,
pp. 232-243.
ISSN 1062-9408.
Raza, H. and Gudmundsson, B. and Zoega, Gylfi and Kinsella, S.
(2016)
Two thorns of experience: financialisation in Iceland and Ireland .
International Review of Applied Economics
30
(6),
pp. 771-789.
ISSN 0269-2171.
Chen, Y.-F. and Zoega, Gylfi
(2015)
A non-perpetual shirking model .
Economics Letters
134,
pp. 98-101.
ISSN 0165-1765.
Gudmundsson, G.S. and Zoega, Gylfi
(2014)
Age structure and the current account .
Economics Letters
123
(2),
pp. 183-186.
ISSN 0165-1765.
Ahmed, W. and Choudhary, M.A. and Khan, S. and Naeem, S. and Zoega, Gylfi
(2014)
Determinants of wage stickiness in a developing economy .
Economic Modelling
38,
pp. 296-304.
ISSN 0264-9993.
Phelps, E. and Zoega, Gylfi
(2013)
Corporatism and job satisfaction .
Journal of Comparative Economics
41
(1),
pp. 35-47.
ISSN 0147-5967.
Choudhary, M.A. and Karlsson, T. and Zoega, Gylfi
(2012)
Sticky prices in customer markets* .
Economic Record
88
(282),
pp. 372-390.
ISSN 0013-0249.
Fridriksson, K.S. and Zoega, Gylfi
(2012)
Advertising as a predictor of investment .
Economics Letters
116
(1),
pp. 60-66.
ISSN 0165-1765.
Benediktsdottir, S. and Danielsson, J. and Zoega, Gylfi
(2011)
Lessons from a collapse of a financial system .
Economic Policy
26
(66),
pp. 183-231.
ISSN 0266-4658.
Chen, Y.-F. and Zoega, Gylfi
(2010)
An essay on the generational effect of employment protection .
Mathematical Social Sciences
59
(3),
pp. 349-359.
ISSN 0165-4896.
Smith, Ron P. and Zoega, Gylfi
(2009)
Keynes, investment, unemployment and expectations .
International Review of Applied Economics
23
(4),
pp. 427-444.
ISSN 0269-2171.
Zoega, Gylfi and Smith, Ron P.
(2009)
Keynes, investment, unemployment and the labour market .
International Review of Applied Economics
23
(4),
pp. 427-444.
ISSN 0269-2171.
Smith, Ron P. and Zoega, Gylfi
(2008)
Global factors, unemployment adjustment and the natural rate .
Economics
22,
ISSN 1864-6042.
Smith, Ron P. and Zoega, Gylfi
(2007)
Global unemployment shocks .
Economics Letters
94
(3),
pp. 433-438.
ISSN 0165-1765.
Booth, A.L. and Zoega, Gylfi
(2004)
Is wage compression a necessary condition for firm-financed general training? .
Oxford Economic Papers
56
(1),
pp. 88-97.
ISSN 0030-7653.
Booth, A.L. and Francesconi, M. and Zoega, Gylfi
(2003)
Unions, work-related training, and wages: evidence for British men .
Industrial and Labor Relations Review
57
(1),
ISSN 0019-7939.
Booth, A.L. and Zoega, Gylfi
(2003)
The welfare implications of firing costs .
European Journal of Political Economy
19
(4),
pp. 759-775.
ISSN 0176-2680.
Booth, A.L. and Chen, Y.-F. and Zoega, Gylfi
(2002)
Hiring and firing: a tale of two thresholds .
Journal of Labor Economics
20
(2),
ISSN 0734-306X.
Gylfason, T. and Herbertsson, T. and Zoega, Gylfi
(2002)
Ownership and growth .
The World Bank Economic Review
15
(3),
pp. 431-449.
ISSN 0258-6770.
Herbertsson, T.T. and Zoega, Gylfi
(2002)
The Modigliani 'puzzle' .
Economics Letters
76
(3),
pp. 437-442.
ISSN 0165-1765.
Wall, H.J. and Zoega, Gylfi
(2002)
The British Beveridge curve: a tale of ten regions .
Oxford Bulletin of Economics and Statistics
64
(3),
pp. 257-276.
ISSN 0305-9049.
Bianchi, M. and Gudmundsson, B. and Zoega, Gylfi
(2001)
Iceland's natural experiment in supply-side economics .
American Economic Review
91
(5),
pp. 1564-1579.
ISSN 0002-8282.
Coakley, Jerry and Fuertes, A.-M. and Zoega, Gylfi
(2001)
Evaluating the persistence and structuralist theories of unemployment from a nonlinear perspective .
Studies in Nonlinear Dynamics and Econometrics
5
(3),
pp. 179-202.
ISSN 1558-3708.
Phelps, E.S. and Zoega, Gylfi
(2001)
Structural booms .
Economic Policy
16
(32),
pp. 85-126.
ISSN 0266-4658.
Francesconi, M. and Orszag, J.M. and Phelps, E.S. and Zoega, Gylfi
(2000)
Education and the natural rate of unemployment .
Oxford Economic Papers
52
(1),
pp. 204-223.
ISSN 0030-7653.
Herbertsson, T. and Zoega, Gylfi
(2000)
Trade surpluses and life-cyce saving behaviour .
Economics Letters
65
(2),
pp. 227-237.
ISSN 0165-1765.
Jestaz, D. and Phelps, E.S. and Zoega, Gylfi and Fitoussi, J.-P.
(2000)
Roots of the recent recoveries: labor reforms or private sector forces? .
The Brookings Papers on Economic Activity
1,
pp. 237-291.
Bianchi, M. and Zoega, Gylfi
(1999)
A nonparametric analysis of regional unemployment dynamics in Britain .
Journal of Business and Economic Statistics
17
(2),
pp. 205-216.
ISSN 0735-0015.
Booth, A.L. and Zoega, Gylfi
(1999)
Do quits cause under-training? .
Oxford Economic Papers
51
(2),
pp. 374-386.
ISSN 0030-7653.
Chen, Y.-F. and Zoega, Gylfi
(1999)
On the effectiveness of firing costs .
Labour Economics
6
(3),
pp. 335-354.
ISSN 0927-5371.
Gylfason, T. and Herbertsson, T. and Zoega, Gylfi
(1999)
A mixed blessing: natural resources and economic growth .
Macroeconomic Dynamics
3
(2),
pp. 204-225.
ISSN 1365-1005.
Bianchi, M. and Zoega, Gylfi
(1998)
Unemployment persistence: does the size of the shock matter? .
Journal of Applied Econometrics
13
(3),
pp. 283-304.
ISSN 0883-7252.
Phelps, E.S. and Zoega, Gylfi
(1998)
Natural‐rate theory and OECD unemployment .
The Economic Journal
108
(448),
pp. 782-801.
ISSN 0013-0133.
Bianchi, M. and Zoega, Gylfi
(1997)
Challenges facing natural rate theory .
European Economic Review
41
(3-4),
pp. 535-547.
ISSN 0014-2921.
Zoega, Gylfi
(1997)
Public consumption and unemployment .
Scottish Journal of Political Economy
44
(3),
pp. 269-279.
ISSN 0036-9292.
Zoega, Gylfi and Phelps, E.
(1997)
The rise and falling trend of the natural rate .
American Economic Review
87
(2),
pp. 283-289.
ISSN 0002-8282.
Orszag, J.M. and Zoega, Gylfi
(1996)
Wages ahead of demand .
Economics Letters
53
(3),
pp. 341-347.
ISSN 0165-1765.
Book
Aliber, R. and Gudmundsson, M. and Zoega, Gylfi, eds.
(2023)
Fault lines after COVID-19: global economic challenges and opportunities
Phelps, E. and Teck Hoon, H. and Zoega, Gylfi
(2023)
The great economic slowdown: how narrowed technical progress brought static wages, sky-high wealth, and much discontent
Aliber, R.Z. and Zoega, Gylfi, eds.
(2011)
Preludes to the Icelandic financial crisis
Book Section
Buiter, W. and Sibert, Anne
(2011)
The collapse of Iceland's banks: the predictable end of a non-viable business model .
In: Aliber, R.Z. and Zoega, Gylfi (eds.)
Preludes to the Icelandic Financial Crisis .
Basingstoke, UK: Palgrave Macmillan.
pp. 241-275.
ISBN 9780230276925.
Sibert, Anne
(2011)
Overbanked and undersized: lessons from Iceland .
In: Aliber, R.Z. and Zoega, Gylfi (eds.)
Preludes to the Icelandic Financial Crisis .
Basingstoke, UK: Palgrave Macmillan.
pp. 329-340.
ISBN 9780230276925.
Phelps, E. and Zoega, Gylfi
(2002)
The incidence of increased unemployment in the group of seven, 1970-1994 .
In: Bitros, G. and Katsoulacos, Y. (eds.)
Essays in Economic Theory, Growth and Labor Markets: A Festschrift in Honor of E. Drandakis .
Edward Elgar Publishing.
pp. 154-180.
ISBN 9781840647396.
Phelps, E.S. and Zoega, Gylfi
(1996)
Do the main structural forces of the 1970s and 1980s account for the 1990s slump as well? .
In: Baldassari, M. (ed.)
The 1990s Slump: Causes and Cures .
Palgrave Macmillan.
pp. 317-338.
ISBN 9781349246632.
Zoega, Gylfi and Fitoussi, J.-P.
(1996)
Wage distribution and unemployment .
In: Baldassari, M. (ed.)
The 1990s Slump: Causes and Cures .
Palgrave Macmillan.
pp. 97-132.
ISBN 9781349246632.
Monograph
Aksoy, Yunus and Zoega, Gylfi
(2020)
Fertility changes and replacement migration .
London, UK: Birkbeck Centre for Applied Macroeconomics.
Engilbertsson, S. and Zoega, Gylfi
Koram, Kojo, ed.
(2019)
The effect of Brexit on the UK Economy (so far) .
pp. 1-20.
London, UK: Birkbeck, University of London.
ISBN 9780745338828.
(In Press)
Zoega, Gylfi and Gestsson, M.H.
(2018)
Longevity and companionship in an overlapping-generations model .
London, UK: Birkbeck, University of London.
Hoon, H.T. and Katsimi, M. and Zoega, Gylfi
(2018)
Investment, current account, and the long swings of unemployment .
London, UK: Birkbeck, University of London.
Bojilov, R. and Gunnarsson, J.A. and Zoega, Gylfi
(2017)
East versus West on the European populism scale .
London, UK: Birkbeck, University of London.
Raza, H. and Zoega, Gylfi and Kinsella, S.
(2017)
Capital inflows, crisis and recovery in small open economies .
London, UK: Birkbeck, University of London.
Gestsson, M.H. and Zoega, Gylfi
(2017)
The golden rule of longevity .
London, UK: Birkbeck, University of London.
Arnorsson, A. and Zoega, Gylfi
(2016)
On the causes of Brexit .
London, UK: Birkbeck College, University of London.
Ali Choudhary, M. and Mahmood, S. and Zoega, Gylfi
(2015)
Informal labour markets in Pakistan .
London, UK: Birkbeck, University of London.
Gestsson, M.H. and Zoega, Gylfi
(2014)
A golden rule of health care .
London, UK: Birkbeck College, University of London.
Katsimi, M. and Zoega, Gylfi
(2014)
European integration and the Feldstein-Horioka Puzzle .
London, UK: Birkbeck College, University of London.
Gudmundsson, G.S. and Zoega, Gylfi
(2013)
Age structure and the current account .
London, UK: Birkbeck, University of London.
Chen, Y.-F. and Zoega, Gylfi
(2010)
Life-cycle, effort and academic deadwood .
London, UK: Birkbeck College, University of London.
Choudhary, A. and Karlsson, T. and Zoega, Gylfi
(2009)
Survey evidence on customer markets .
London, UK: Birkbeck College, University of London.
Zoega, Gylfi
(2009)
Employment and asset prices .
London, UK: Birkbeck College, University of London.
Chen, Y.-F. and Zoega, Gylfi
(2009)
An essay on the generational effect of employment protection .
London, UK: Birkbeck College, University of London.
Booth, A.L. and Zoega, Gylfi
(2007)
Worker heterogeneity, new monopsony, and training .
Labour
22
(2),
pp. 247-270.
Reykjavík, Iceland: University of Iceland.
ISSN 1121-7081.
Smith, Ron P. and Zoega, Gylfi
(2007)
Global factors, unemployment adjustment and the natural rate .
Kiel Institute for the World Economy.
Smith, Ron P. and Zoega, Gylfi
(2006)
Global factors, unemployment adjustment and the natural rate .
Institute of Economic Studies.
Smith, Ron P. and Zoega, Gylfi
(2005)
Unemployment, investment and global expected returns: a panel FAVAR approach .
London, UK: Birkbeck, University of London.
Zoega, Gylfi and Karlsson, T.
(2005)
Does wage compression explain rigid money wages? .
London, UK: Birkbeck, University of London.
Zoega, Gylfi and Booth, A.L.
(2005)
Worker heterogeneity, intra-firm externalalities and wage compression .
London, UK: Birkbeck, University of London.
Smith, Ron P. and Zoega, Gylfi
(2004)
Global shocks and unemployment adjustment .
London, UK: Birkbeck, University of London.
Smith, Ron P. and Zoega, Gylfi
(2004)
Global shocks and world adjustment .
London, UK: Birkbeck, University of London.
Booth, A.L. and Zoega, Gylfi
(2002)
If you’re so smart, why aren't you rich? wage inequality with heterogeneous workers .
Elsevier.
Booth, A.L. and Zoega, Gylfi
(2001)
Is wage compression a necessary condition for firm-financial general training? .
London, UK: Birkbeck, University of London.
Booth, A.L. and Zoega, Gylfi
(2001)
Worker heterogeneity and general training .
London, UK: Birkbeck, University of London.
Chen, Y.-F. and Snower, Dennis and Zoega, Gylfi
(2001)
Labour market institutions and macroeconomics shocks .
London, UK: Birkbeck, University of London.
Gylfason, T. and Zoega, Gylfi
(2001)
Natural resources and economic growth: the role of investment .
London, UK: Birkbeck, University of London.
Gylfason, T. and Zoega, Gylfi
(2001)
Obsolescence .
London, UK: Birkbeck, University of London.
Herbertsson, T. and Zoega, Gylfi
(2001)
The Modigliani 'puzzle' .
London, UK: Birkbeck, University of London.
Zoega, Gylfi and Chen, Y.-F.
(2001)
Exchange-rate volatility as employment protection .
London, UK: Birkbeck, University of London.