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14.452 Macroeconomic Theory II, Spring 2005
Blanchard, Olivier - 2005
The basic machines of macroeconomics. Ramsey, Solow, Samuelson-Diamond, RBCs, ISLM, Mundell-Fleming, Fischer-Taylor. How they work, what shortcuts they take, and how they can be used. Half-term subject. From the course home page: Course Description This is the second course in the four-quarter...
Persistent link: https://www.econbiz.de/10009433264
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ESSAYS ON THE MACROECONOMICS OF LABOR MARKETS
Stetsenko, Sergiy - 2010
This dissertation consists of two essays studying macroeconomics questions about labor markets. The research in this document is separated into chapters that study distinct features of aggregate labor market outcomes.The first essay documents the change in behavior of fertility rate at business...
Persistent link: https://www.econbiz.de/10009438698
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ESSAYS IN ESTIMATION OF DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODELS
Kryshko, Maxym - 2010
Dynamic factor models (DFM) and dynamic stochastic general equilibrium (DSGE) models are widely used for empirical research in macroeconomics. The empirical factor literature argues that the co-movement of large panels of macroeconomic and financial data can be captured by relatively few common...
Persistent link: https://www.econbiz.de/10009438699
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Financial Frictions, Propagation of Shocks, and Macroeconomic Volatility
Fuentes-Albero, Cristina - 2010
I study the evolution of aggregate volatility in the US during the postwar period by assessing the relative role played by financial shocks, technological progress, and changes in the financial system. Balance-sheet variables of firms have been characterized by greater volatility since the early...
Persistent link: https://www.econbiz.de/10009438701
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ESSAYS ON THE WESTERN LABOR MARKETS
Holter, Hans A - 2011
earnings persistence between fathers and sons. Earnings persistence is relatively low in Northern Europe and relatively high in … the US, Britain, and Southern Europe. In this chapter I first document that there is a strong negative cross …, Taxation, and Aggregate Labor Supply in the US vs. Europe," which is joint work with Indraneel Chakraborty (SMU, Finance) and …
Persistent link: https://www.econbiz.de/10009438733
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Essays in Quantitative Economics and International Finance
Stepanchuk, Serhiy - 2011
structure.In Chapter 3, we study the differences in labor supply between the US and Europe. Using micro data from the US and … eight European countries, we document that the difference between the US and Europe is mainly driven by the labor supply of …), argues that differences in labor supply between the US and Europe can largely be explained by differences in tax rates. We …
Persistent link: https://www.econbiz.de/10009438734
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A Macroeconomic Approach to a Firm's Capital Structure
Katagiri, Mitsuru - 2011
In this paper, I investigate the logic behind cross sectional dispersion of firm's capital structure. I incorporate the trade off between tax benefits and financial distress costs into a dynamic general equilibrium model with heterogeneous firms and their endogenous entry/exit, and compute an...
Persistent link: https://www.econbiz.de/10009438735
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ESSAYS ON THE MACROECONOMICS OF INCOME INEQUALITY
Ozkan, Serdar - 2011
This thesis consists of three chapters, each of which focuses on different aspects of economic inequality.First, we investigate the differences in wage inequality between the United States and continental European countries (CEU). Wage inequality has been significantly higher in the US compared...
Persistent link: https://www.econbiz.de/10009438761
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Essays in Macroeconomic Dynamics and the Financial Market
Yao, Wen - 2011
This thesis explores the important link between macroeconomic dynamics and the financial sector. The first essay studies Epstein-Zin preferences, which are found to be able to account for both aggregate macroeconomic dynamics and asset prices. In the first essay, I compare different solution...
Persistent link: https://www.econbiz.de/10009438768
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Essays on the Macroeconomics of Incomplete Information
Melosi, Leonardo - 2010
In the first chapter, I develop and estimate a dynamic general equilibrium model with imperfectly informed firms in the sense of Woodford (2002). The model has two aggregate shocks: a monetary policy shock and a technology shock. Firms observe idiosyncratic noisy signals about these shocks and...
Persistent link: https://www.econbiz.de/10009438812