Four Essays In Dynamic Macroeconomics
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Four Essays In Dynamic Macroeconomics
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Author : Qi Sun
language : en
Publisher:
Release Date : 2009
Four Essays In Dynamic Macroeconomics written by Qi Sun and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business cycles categories.
Four Essays In Dynamic Macroeconomics
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Author : Thomas Hintermaier
language : en
Publisher:
Release Date : 2003
Four Essays In Dynamic Macroeconomics written by Thomas Hintermaier and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Dynamic economics categories.
Trade Democracy And Economic Growth Four Essays In Dynamic Economics
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Author : Malik Dulatovich Shukayev
language : en
Publisher:
Release Date : 2005
Trade Democracy And Economic Growth Four Essays In Dynamic Economics written by Malik Dulatovich Shukayev and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Essays In Economic Dynamics
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Author : R.M. Goodwin
language : en
Publisher: Springer
Release Date : 1982-07-15
Essays In Economic Dynamics written by R.M. Goodwin and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982-07-15 with Business & Economics categories.
Essays In Dynamic Macroeconomics
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Author : Sang Seok Lee
language : en
Publisher:
Release Date : 2014
Essays In Dynamic Macroeconomics written by Sang Seok Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Essays In Dynamic Macroeconomics
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Author : Pierre-Daniel Guntur Sarte
language : en
Publisher:
Release Date : 1996
Essays In Dynamic Macroeconomics written by Pierre-Daniel Guntur Sarte and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business cycles categories.
Three Essays In Dynamic Macroeconomics
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Author : Hernán J. Moscoso Boedo
language : en
Publisher:
Release Date : 2006
Three Essays In Dynamic Macroeconomics written by Hernán J. Moscoso Boedo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Essays On Dynamic Macroeconomics
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Author : Daryna Grechyna
language : en
Publisher:
Release Date : 2011
Essays On Dynamic Macroeconomics written by Daryna Grechyna and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Essays In Dynamic Macroeconomics
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Author : Emil Margaritov
language : en
Publisher:
Release Date : 2011
Essays In Dynamic Macroeconomics written by Emil Margaritov and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Essays On Dynamic Macroeconomics
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Author : Reza Boostani
language : en
Publisher:
Release Date : 2011
Essays On Dynamic Macroeconomics written by Reza Boostani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
This thesis uses the techniques of macroeconomic theory to answer three questions. It is divided in three chapters each focusing on one of these questions. The first chapter investigates the appropriate labor market policy response to two fundamental changes in the economy. I introduce unemployment benefits financed by a proportional payroll tax within a model of directed search on the job. I show that there exists a unique positive level of unemployment benefit which maximizes welfare of individuals. The optimal unemployment benefit level is hump-shaped as a function of the level of idiosyncratic risk. At empirically relevant levels of idiosyncratic risk, a much less generous system than in the economy without uncertainty emerges. Furthermore, the welfare costs of deviating from the optimal level are substantial, and accompanied by high unemployment rates. I also find that while the optimal generosity of the unemployment insurance system declines monotonically with the amount of aggregate risk in the economy, the welfare costs of deviating from the optimal system are rather small. Chapter two develops a small open economy model with both staggered nominal prices and wages. Then, performances of some alternative simple policy rules are compared by using the welfare loss criterion. It is shown that, firstly, the performance of domestic inflation-targeting or wage inflation-targeting is better than both CPI inflation-targeting and pegged exchange rate. Second, although the performance of simple rules depends on the degree of stickiness in prices and wages, wage inflationtargeting performs better than domestic inflation-targeting for a wide combination of wage and price stickiness. In chapter three, I develop a model with uninsurable capital-income risk and incomplete markets, and investigate the cyclical properties of the equity premium. Although the model abstracts from some common features of the business cycle model, it can generate a sizable and countercyclical equity premium. Moreover, the model generates relatively more volatile consumption, investment, and equity premium than under complete markets.
