Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 28 for “"Dynamic general equilibrium"”.
-
Essays in dynamic general equilibrium
This thesis consists of three chapters studying dynamic economies in general equilibrium. The first chapter considers an economy in business cycles with potentially imperfect financial markets. The second chapter investigates an economy in its balanced growth path with heterogeneous firms. The …
-
Timber supply in dynamic general equilibrium
… and productive efficiency, timber supply is a dynamic process. Different discrete-time dynamic timber supply models and their solution methods are compared and their common elements derived. A continuous-time model is derived, but not solved. The discrete-time timber supply model is then …
-
Essays in financial economics
… consists of three chapters. Chapter 1 proposes a dynamic general equilibrium model to study jointly (i) the pace of technological progress and (ii) asset pricing properties of investment in innovation. Risk is a key characteristic that links the two together. Both empirically and in my theory …
-
Three essays on research and development, growth and cycles
… endogenous technological progress in a classical dynamic general equilibrium model does not greatly improve its performance, it captures important features of the behaviour of research spending along the cycle. Then, using multiple data sources and levels of aggregation, I argue that existing …
-
Essays in financial economics
… essays. In the first essay, I examine optimal dynamic contracting between risk-averse investors and firm insiders in a dynamic general-equilibrium model with heterogeneous firms. The equilibrium optimal contract features a higher rate of inefficient liquidations in aggregate states with low …
-
Essays on money and banking: a search-theoretic approach
… rate. In the second chapter, I develop a dynamic general equilibrium model to study the (in)stability of the fractional reserve banking system. The model shows that the fractional reserve banking system can endanger stability in that equilibrium is more prone to exhibit endogenous cyclic, …
-
Retail deposit pricing and interest rate risk
… we address the pricing of retail deposits in a dynamic, general equilibrium framework in order to draw conclusion regarding the important time series relationship between deposit and competitive market interest rates. Subsequently, we use this work as the theoretical basis for the construction …
-
Essays in the macroeconomics of production sale
… insights by embedding heterogeneous firms into a dynamic general equilibrium model with endogenous entry, exit, and mergers. Merging firms combine their scale parameters ѱ, which alters both their cost structures and pricing incentives. In an unconstrained equilibrium with unrestricted mergers, …
-
Firms, contracts, and trade structure
… of the data. In the second essay, I develop a dynamic, general-equilibrium Ricardian model of North-South trade, in which the incomplete nature of contracts governing international transactions leads to the emergence of product cycles. Following the property-rights approach to the theory of the …
-
Essays in capital markets
… value puzzle. I formalize these insights in a dynamic general equilibrium model with two sectors of production. The model's implications are supported by the data. The IMC portfolio earns a negative premium, predicts investment and consumption in a manner consistent with the theory, and helps …
-
Essays on Money, Trade and the Labour Market
… and on labour market outcomes by developing a dynamic general equilibrium model in which workers acquire task-specific human capital. The dynamic nature of the model allows for differentiation between short and long run effects. While the welfare effects are unambiguously positive and …
-
Heterogeneous Technological Changes and Their Impacts on Income Inequality and Productivity Growth
… further understand this observation, I develop a dynamic general equilibrium model in which firms conduct both product innovation and process innovation endogenously. This model provides a stylized interpretation in which product innovation is skill-complementing, and process innovation is …
-
Developing Country Business Cycles: Characterizing the Cycle and Investigating the Output Persistence Problem
… contribution to the literature by extending and generalising the developing country stylised facts; examining both classical and growth cycles for a sample of thirty-two developing countries. One significant finding that emerges is the persistence of output fluctuations in developing countries …
-
Essays on Sovereign Debt Crisis
… sovereign debt crises. Chapter 2 provides the dynamic general equilibrium model of endogenous sovereign default, incorporating financial intermediaries. By a government's decision to default, government bonds become non-performing and financial intermediaries eliminate them from their net …
-
Essays on Sovereign Debt Crisis
… sovereign debt crises. Chapter 2 provides the dynamic general equilibrium model of endogenous sovereign default, incorporating financial intermediaries. By a government's decision to default, government bonds become non-performing and financial intermediaries eliminate them from their net …
-
Three Essays in Economic Growth
… main results therein. In Chapter 2, I develop a dynamic general equilibrium of innovation and imitation in which once a higher quality good is developed, there is an exogenously given rate at which the good is targeted for imitation. However, the innovator can undertake expenditure to protect the …
-
ESSAYS ON THE MACROECONOMIC IMPACTS OF ENERGY AND COMMODITY MARKETS
… the empirical findings through the lens of a dynamic general equilibrium multi-country model that features a global oil market and where key parameters are estimated using indirect inference. The second essay studies commodity price cycles and their underlying drivers using a dynamic factor …
-
Essays in Macroeconomics and Firm Dynamics
… To answer this question, I develop a firm dynamics model in which firms are heterogeneous in terms of their productivity and access to financing. Analytically, I find that a firm with sufficiently high levels of productivity but low access to financing overcomes its financing constraints by …
-
Essays in Macroeconomics and Finance
… and quantifies this novel channel through a dynamic general equilibrium model, which features heterogeneous firms, collateral constraints, and an explicit buy versus lease decision. Furthermore, it provides guidance on the empirical measurement of capital misallocation: ignoring leased …
-
Three essays on international economics
… asset market is segmented within a stochastic dynamic general equilibrium network. The question of optimal exchange rate regime is analyzed where only a fraction of households have access to the international credit market, which is the key channel to asset market segmentation. Fixed exchange …
Page 1 of 2