This thesis deals with a number of different topics in the field of international macroeconomics. It proposes theoretical models of the open economy to think about and analyze questions such as the effects of financial globalization, countries' external adjustment mechanism, international...

The degree of international risk sharing matters for how monetary policy should optimally be conducted in an open economy. This is because risk sharing affects the way in which monetary policy is affected by terms of trade considerations. In a standard two-country model with monopolistic...

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...

This paper studies the effects of income taxation on entrepreneurship, empirically and in a structural macro model with entrepreneurial choice. Combining state-level tax data with household and firm data we document that higher and more progressive taxation has a strong negative impact on...

How much additional tax revenue can the government generate by increasing the level of labor income taxes? In this paper, we argue that the degree of tax progressivity is a quantitatively important determinant of the answer to this question. To make this point, we develop a large scale...

How much additional tax revenue can the government generate by increasing labor income taxes? In this paper we provide a quantitative answer to this question, and study the importance of the progressivity of the tax schedule for the ability of the government to generate tax revenues. We develop...