This dissertation consists of three essays studying various issuesin international macroeconomics and macroeconomics.The first essay investigates the dynamics of the relative price ofnontradable to tradable goods at business cycle frequencies andfinds that it displays an emph{S}-shaped cross...

Dynamic Stochastic General Equilibrium models are often tested against empirical VARs or estimated by minimizing the distance between the model's and the VAR impulse response functions. These methodologies require that the data-generating process consistent with the DSGE theoretical model has a...