Verslo ciklų sinchronizacijos reiškinio atpažinimas socialiniuose moksluose paskatino daugelio skirtingų sričių tyrėjų (fizikų, ekonofizikų, ekonomistų) domėjimąsi šiuo fenomenu. Kokie aplinkos veiksniai lemia šalių verslo ciklų sinchronizaciją ir kaip įvertinti šių...

Recognition of the business cycle synchronization phenomenon in social science fostered a number of researchers from different areas (physics, econophysics, economics) to take interest in this phenomenon. Which environmental determinants influence the country’s business cycle synchronization...

This dissertation concerns cross-country consumption risk sharing in a long-run perspective. Financial integration, empirically measured by cross-country holdings of assets and liabilities, has increased dramatically in the past two decades. But what can explain the lack of cross-country risk...

In the past three decades the stock of assets and liabilities of developingcountries measured as a ratio of GDP has tripled. It is commonly believed that anincrease in opportunities for diversifying risk allows more consumption smoothing.However, the data show that volatility of consumption in...

This dissertation consists of three essays in international economics. The first chapter investigates whether opening up to international financial flows improves aggregate productivity in the presence of limited contract enforceability. I present a model of two countries that differ in terms of...