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Essays on Macroeconomics
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| 자료유형 | 학위논문 |
|---|---|
| 서명/저자사항 | Essays on Macroeconomics. |
| 개인저자 | Cugat, Gabriela Mariel. |
| 단체저자명 | Northwestern University. Economics. |
| 발행사항 | [S.l.]: Northwestern University., 2019. |
| 발행사항 | Ann Arbor: ProQuest Dissertations & Theses, 2019. |
| 형태사항 | 196 p. |
| 기본자료 저록 | Dissertations Abstracts International 81-02A. Dissertation Abstract International |
| ISBN | 9781085600194 |
| 학위논문주기 | Thesis (Ph.D.)--Northwestern University, 2019. |
| 일반주기 |
Source: Dissertations Abstracts International, Volume: 81-02, Section: A.
Advisor: Doepke, Matthias. |
| 이용제한사항 | This item must not be added to any third party search indexes.This item must not be added to any third party search indexes.This item must not be sold to any third party vendors.This item must not be sold to any third party vendors. |
| 요약 | This dissertation explores two topics in macroeconomics related to aggregation assumptions and microfoundations. Chapters 1 and 2 focus on the representative agent aggregation assumption in the context of open economies, using both an empirical as well as a theoretical approach. Chapter 3 on the other hand, deals with the microfoundations of using money and transacting in the informal sector, and how the government decides its optimal policy in this context.In Chapter 1, I document the importance of sector work in the aftermath of a sudden stop. Using Mexico's 1995 crisis as a case study, I first document empirically that working in the tradable versus non-tradable sector is a crucial determinant of the income and consumption losses of different types of households. Specifically, households in the non-tradable sector suffered much larger income and consumption losses, regardless of other household characteristics.In Chapter 2, I argue that household heterogeneity plays a key role in the transmission of aggregate shocks in emerging market economies. To account for the effect of the empirical observation from Chapter 1 on macroeconomic dynamics, I construct a New Keynesian small open economy model with household heterogeneity along two dimensions: uninsurable sector-specific income and limited financial-market participation. I find that the propagation of shocks in this economy is affected by both dimensions of heterogeneity, with uninsurable sector-specific income playing a quantitatively larger role. In terms of policy, a managed exchange rate policy is more costly overall when households are heterogeneous |
| 일반주제명 | Economics. |
| 언어 | 영어 |
| 바로가기 | 
: 이 자료의 원문은 한국교육학술정보원에서 제공합니다. |
