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Central Bank Independence and Fiscal Dominance

Delhy Nolivos, Roberto - 2010

. This shows that under low levels of CBI, the fiscal authority will use both the fiscal and monetary instruments … simultaneously, whereas in the case of high CBI, the fiscal authority will not be able to use the monetary instrument and only the …

Persistent link: https://www.econbiz.de/10009474984

Effectiveness of Central Bank Independence via its Internal Characteristics

Griffin, Carroll H. - 2011

This study examines central bank independence in developing countries of Latin America and Asia as well as selected developed countries. Many countries around the world, both developed and developing, have accepted the idea of central bank independence over the last several decades, so central...

Persistent link: https://www.econbiz.de/10009441677

14.452 Macroeconomic Theory II, Spring 2005

Blanchard, Olivier - 2005

staggering of price decisions; and Applications to fiscal and monetary policy. …

Persistent link: https://www.econbiz.de/10009433264

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

ESSAYS IN ESTIMATION OF DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODELS

Kryshko, Maxym - 2010

three essays summarized below.Chapter 1 “Bayesian Dynamic Factor Analysis of a Simple Monetary DSGE Model”: We take a … monetary DSGE model on a richer data set. Building upon Boivin and Giannoni (2006), the framework can be seen as a combination … observables, perfect measurement – DSGE model in terms of deep parameter estimates, propagation of monetary policy and technology …

Persistent link: https://www.econbiz.de/10009438699

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

ESSAYS ON THE WESTERN LABOR MARKETS

Holter, Hans A - 2011

In Chapter 2, "Accounting for Cross-Country Differences in Intergenerational Earnings Persistence: The Impact of Taxation and Public Education Expenditure," I study the determinants of cross-country differences in intergenerational earnings persistence between fathers and sons. Western economies...

Persistent link: https://www.econbiz.de/10009438733

Essays in Quantitative Economics and International Finance

Stepanchuk, Serhiy - 2011

This dissertation uses quantitative dynamic models to study two separate questions in international finance and international labor markets.In Chapter 2, we build a two-country two-good incomplete markets general equilibrium model of international portfolio choice, and use it to study global...

Persistent link: https://www.econbiz.de/10009438734

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

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