trading frictions to motivate the issue of risk-spreading ‘bundled’ debt are more promising for money creation, although they … monetary theory of production that integrates the insights of Post-Keynesian monetary theory and the triangular contracts of … impact of uncertainty and failed expectations induced by money leads to specific patterns of economic disruption. These …

macroeconomic uncertainty and reduces asset prices, the threshold required return that triggers investment is lower for an informed … investor than for an uninformed investor. Simulation of the model suggests that when macroeconomic uncertainty is high … investors during a period of high macroeconomic uncertainty. …

investment return and measurement of the risk. At the same time the analysis of various author opinions, how useful these models …. Afterwards the risk of these projects was counted because investment returns were almost the same. In the third part author …

reallocations and plant-level technical efficiency changes while allowing in the estimation for 459 different production …

equilibrium theory of unemployment. The proposed quantitative model with ex-ante worker skill heterogeneity and two technology …

topic of this dissertation is the estimation of DSGE models on a rich panel of macroeconomic and financial data by combining … dimension, the likelihood-based estimation of the data-rich DSGE model is computationally very challenging. To reduce the costs … model-based forecast for variables that do not explicitly appear in the model (non-core variables). Estimation is performed …

interest rate. In the last chapter, I focus on analyzing financial shocks. Using the estimation output, I obtain that the …