This thesis examines a number of issues regarding the Mortensen-Pissarides search and matching model’s empirical performance. Chapter 1 documents the volatility puzzle with the Canadian data. The combined data from both Canada and the United States present an additional difficulty. Even if the...

We analyze the nature of sovereign credit risk for selected Asian and European countries through a set of sovereign CDS data for an eighty-year period that includes the episode of the 2008-2009 financial crisis. Our principal component analysis results suggest that there is strong commonality in...

The dissertation tries to analyse the development of economic relationship, especially international trade relationship between the EU and China. Most important is, with accession into the WTO, China's tariff rate is reducing greatly. Using a computerable general equilibrium model, the...