This thesis deals with macroeconomic dynamics. In chapter 1, I study a one-sector growth model withendogenous discount rate of the sort proposed by citet{1}. I extendthe model into a heterogeneous agents model with respect to initialwealth, and investigate whether the wealthdistribution may...

This dissertation analyzes how the degree of financial integration and the exchange rate regime of a country affect its economic growth. The discussion is focused on developing countries, with special emphasis on Latin America, and it contributes to the recent economic growth and development...

I study selected fiscal policy issues both in the short-run and long-run using empirical methods. In Chapter 2, I investigate the effects of increases in U.S. government expenditures on the private sector in a real business cycle framework using maximum likelihood. I distinguish between the...