Essays in International Macroeconomics

Essays in International Macroeconomics

Essays on Learning and Macroeconomics

OF THE DISSERTATION Essays on Learning and Macroeconomics

Essays on Firm Dynamics and Macroeconomics

Title of Document: ESSAYS ON FIRM DYNAMICS AND MACROECONOMICS Ryan Allen Decker, Doctor of Philosophy, 2015 Directed By: Professor John C. Haltiwanger Department of Economics I describe two studies in firm dynamics and macroeconomics. Chapter 1 reports on the large decline in entrepreneurial activity that preceded and accompanied the Great Recession and proposes a model relating this decline to...

Three Essays in Macroeconomics and International Economics Dissertation Abstract

This paper studies the interaction between inequality and house prices using an incomplete market heterogeneous agent model. The model links cross-sectional household portfolio saving decisions to housing market outcomes, contributing to the housing literature by illustrating a new price formation mechanism in which the investment motive among the wealthy plays a key role. A quantitative applic...

Essays on International Finance and Economics

The first essay explains why credit contracts in developing countries are often denominated in foreign currencies, even after many of these economies succeeded in controlling inflation. I propose a new interpretation based on the demand for insurance against real aggregate shocks. The fact that devaluations occur more frequently in adverse states of the world provides a motive for holding dolla...