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.
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Showing 1 to 20 of 256 for “"Frictions"”.
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Search Frictions in Macroeconomics
This dissertation explores the role of search frictions in macroeconomics and highlights how these frictions influence micro-level decisions which in turn affect aggregated outcomes. Chapter 1 examines how individuals entering the job market during a recession can suffer persistent wage losses. I …
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Frictions in firms and markets
Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2025-05-01
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Intermediation frictions in equity markets
… intermediaries as marginal investors and frictions that induce changes in intermediary risk bearing capacity are useful in explaining price movements even in asset classes with comparatively low barriers to household participation.
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Essays on Macroeconomics with Financial Frictions
… economic mechanisms through which financial frictions affect the aggregate economy over the business cycle and along the path of economic development. There are three chapters in this dissertation. In each chapter, a theoretical model is constructed based on motivating empirical facts, …
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Essays on Search and Screening Frictions
Frictions form an integral part of the job search. Search and screening costs make the matching process for workers and firms costly, and asymmetric information can significantly contribute to mismatch: workers cannot observe who else applies to a vacancy, whereas firms cannot observe what other …
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Essays on (Frictions in) Corporate Finance
This dissertation is composed of three related essays that contribute to the literature on corporate finance. My first chapter proposes a new, direct measure of managerial attention to financial markets, derived from earnings call transcripts covering 98,010 firm-year observations between 2007 and …
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Essays on frictions in financial institutions
In this thesis, I explore the consequences of frictions in financial intermediation. I theoretically analyse two financial contracts commonly found in the modern shadow banking system-rehypothecation and securitisation. Rehypothecation is the direct repledging of the collateral received in a debt …
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Essays On Policy Dynamics Under Political Frictions
The successful design and implementation of macroeconomic and public policies has an important political dimension. This dissertation, which lies at the intersection of macroeconomics and political economy, focuses on understanding the dynamic fiscal and regulatory policies in the context of …
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Essays on Labor Market Frictions and Institutions
The U.S. government makes unemployment insurance (UI) more generous during recessions. In this thesis I study the interaction between unemployment insurance policies and labor market dynamics in a macroeconomic context. The first chapter examines government commitment and its role in shaping the …
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Essays on economic growth and informational frictions
… chapters on Economic Growth and Informational Frictions. Chapter 1 investigates the relation between financial development, R&D expenditure and aggregate growth. It provides empirical evidence that financial development has a large positive effect on both growth and R&D, and that the effect of …
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Financial frictions and exports dynamics in large devaluations
We study the role of nancial frictions and balance-sheet e ects in accounting for the dy- namics of aggregate exports in large devaluations. In standard models of international trade, exports increase immediately following a large devaluation; in contrast, aggregate exports re- spond sluggishly in …
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Essays on Financial and Labor Markets with Frictions
… to exploring financial and labor markets with frictions.</p><p>Chapter I: Unemployment and Capital Misallocation. The recent recession was associated not only with a marked disruption in the credit market, but also a sharp deterioration in labor market conditions, as evidenced by high …
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Effect of roadway frictions on vehicle operating characteristics
Thesis (M.S.)--Michigan State University of Agriculture and Applied Science. Dept. of Civil Engineering, 1960
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ESSAYS ON THE REAL EFFECTS OF FINANCIAL FRICTIONS
… economic outcomes in the presence of financial frictions. The first essay shows that a decline in trade costs facilitated by railroads in the 19th century US increased wealth inequality. Using the universe of household-level wealth holdings data from 1850 to 1870, this essay shows that the …
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Essays on financial frictions, misallocation and development dynamics
… The first chapter considers how financial frictions and mobility distortions generate the persistence of post-reform development dynamics. I build a general equilibrium model and calibrate it to China. The mobility distortion is an occupation distortion that restricts a proportion of agents …
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Essays on informational frictions in macroeconomics and finance
… I study the implications these informational frictions may have for the behavior of firms and financial institutions over the business cycle and during crises episodes. The first chapter examines how collateral constraints on firm-level investment introduce a powerful two-way feedback between …
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Essays on the macroeconomic implications of financial frictions
… on the macroeconomic implications of financial frictions. The first chapter investigates the implications of student loan debt on labor market outcomes. I begin by analytically demonstrating that individuals under debt tend to search less and end up with lower-paid jobs. I then develop and …
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Information frictions and the integration of international capital markets
… examining factors associated with information frictions in the international capital market. Study I examines the impact of loosening disclosure requirements initiated by Rule 12h-6 on firm innovation. Using a difference-in-differences (DID) research design, I predict and find that cross-listed …
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Information frictions and the integration of international capital markets
… examining factors associated with information frictions in the international capital market. Study I examines the impact of loosening disclosure requirements initiated by Rule 12h-6 on firm innovation. Using a difference-in-differences (DID) research design, I predict and find that cross-listed …
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