In the first chapter, first we review the famous Taylor (1979, 1980a) model of staggered wage setting and then we present original work in describing the structure of a dynamic general equilibrium model with staggered wage setting a la Taylor. This model is central to the thesis since the...

The first part of this thesis is concerned with tax competition when the tax receipts fund an anti-crime measure. Both the capital and criminals are mobile between two jurisdictions. The resulting pure strategy Nash equilibrium tax rates are distorted from the optimal tax by the equilibrium...

In chapter I, we model monopolistic competition in the spirit of Blanchard and Kiyotaki (1987) and we study the implications of this market structure for the existence of dynamically inefficient equilibria. We show that, with free entry, the presence of some pure profit does not rule out dynamic...

This thesis examines two key areas where macroeconomic policy and stability in international financial markets intersect. Part one examines the extent to which economic policy can limit the development of misalignments in exchange rates, without sacrificing policy tools that are needed to...

In this work we discuss a number of issues in the theory of voluntary provision of public goods and income tax evasion under the assumption that individuals are ruled by a notion of Kantian morality. Our justification for imposing such an assumption is that models incorporating the traditional...

This study examines the use of principal component techniques in analysing term structures of interest rates. It employs original methods of estimating B-Spline models with endogenous knot positions and applies the method of Dierckx (1981) to generate new data sets for the study. The variability...

The thesis presents four papers that begin to analyse transnational monopoly capitalism: (1) Paper One attempts to fill a gap in the literature by examining the impact of intra-firm imports (and exports) on the theoretical specification of the degree of monopoly. It shows that an industry's...

This thesis examines the interest rate, market entry and credit decisions which banks are expected to make following financial liberalization. It uses analytic tools from information economics and industrial organization theory to consider the policy implications of behaviour which responds to...

An observer makes a number of observations of an industry producing a homogeneous good. Each observation consists of the market price, the output of individual firms and perhaps information on each firm's production cost. We provide various tests (typically, linear programs) with which the...

This thesis uses general-equilibrium numerical-simulation techniques to analyse trade and environmental issues. It tries to take applied general equilibrium modelling in these areas beyond their traditional confines in a number of ways. These include endogenous incorporation of international...