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 15 of 15 for “"Macroeconomic Shocks"”.
-
Essays on Macroeconomic Shocks and the Business Cycle
This thesis studies questions on macroeconomic shocks and the business cycle using empirical methods. Over three chapters, I study the origins and implications of business cycle behaviour in the United States. My work provides a novel approach to estimating the macroeconomic risks priced in equity …
-
Examination of the effects of macroeconomic shocks on the Namibian economy
… objectives which investigated the effects of macroeconomic shocks on the Namibian economy between 1980 and 2018. Firstly, the study estimated the dynamic effects of fiscal policy shocks through the SVAR approach. IRFs results reveal that a positive spending shock immediately increases output …
-
^The^ causes of German unemployment: a structural VAR approach
… labor institutions nor those emphasize adverse macroeconomic shocks alone are able to give a convincing account of this odd unemployment development. With the help of Structural Vector AutoRegressive (SVAR) approach, this thesis aims at shedding more light on the role of macroeconomic shocks …
-
House prices, monetary policies and the macroeconomy : what does the common trends approach on South African data suggest?
… uncertainty regarding the overall effects of macroeconomic shocks on longterm asset prices. Using a VAR framework and South African house price data from 1970 to 2006, this paper takes a preliminary step towards identifying how this asset price responds to macroeconomic shocks and the relative …
-
An Assessment of Monetary Integration in the West African Monetary Zone (WAMZ): Feasibility and Trade Implication
… in the WAMZ, namely the degree of asymmetry in macroeconomic shocks. The study examines the real effective exchange rate (REER) behaviour among the prospective candidates to assess the degree of potential costs of giving up monetary policy autonomy. The evidence reported from VECM, impulse …
-
Essays on Predicting and Explaining the Cross Section of Stock Returns
… models can be explained by a large set of macroeconomic shocks. Characteristic-based factor models are linear models whose risk factors are returns on trading strategies based on firm characteristics. Such models are very popular in finance because of their superior ability to explain the …
-
The impact of macroeconomic variables on the Johannesburg Stock Exchange (JSE) indices
… to examine the long-term relationship between macroeconomic factors and stock market index levels for selected indices through a structural model which consists of a security valuation approach in the form of Dividend Discount Model(DDM) and an Engle and Granger cointegration model. The …
-
MACROECONOMIC ASPECTS OF COMMODITY PRICE DYNAMICS
… examines the impact of monetary policy and other macroeconomic shocks on the dynamics of agricultural commodity prices. The major contributions of this study are twofold. First, unlike other studies that use indexes, this study analyzes the commodities individually, affording the inclusion of …
-
Financial Markets, Financial Intermediation, and Bailout Policy
… of insolvency resolutions and then proceeds to a macroeconomic discussion of an optimal crisis management. The analysis here addresses such issues as constructive ambiguity and forbearance in the bailout policy of banking regulators. In particular, it is shown that ambiguity may be harmful for the …
-
Empirical Essays on Spatial Inequality
… political discontent, which has in turn led to macroeconomic shocks such as the Brexit vote. Chapter 4 hence studies the impact of Brexit on household economic expectations and regional aggregate consumption, to better understand the long-term impacts brought about by the recent “geographies of …
-
Essays on financial frictions with an application to the Chinese economy
… consists of three chapters related to macroeconomic implications of financial frictions, along with an application of macro-finance models to the Chinese economy. The first two chapters focus on government guarantees on business loans to state-owned enterprises (SOEs), a typical …
-
The impact of the capital crisis of the fall of 1998 on construction lending
… increased volatility in the short term. As macroeconomic shocks occur to the capital markets, property markets will be similarly affected. As evidenced by the capital crunch of August 1998, the role of construction lenders has become more dynamic. Henceforth, construction lenders will have …
-
Essays on Energy and Behavioral Financial Economics
… to demonstrate that the project is vulnerable to macroeconomic shocks and financial risks. Model results show that the capacity factor is the most prominent factor in costs, and a 10% change in the capacity factor affects the LCOE about the same rate. Investment cost and interest rate are the …
-
Essays on the Macroeconomic Effects of Imperfect Banking Competition and Other Financial Frictions
… imperfect banking competition, on different macroeconomic aspects. The thesis consists of a short introductory chapter and three papers. The first paper investigates the impact of imperfect banking competition on aggregate fluctuations in a dynamic stochastic general equilibrium (DSGE) …
-
Essays in Macroeconomics and Heterogeneity
… separate but equally prominent research areas in macroeconomics. The first two chapters focus on the effects of firm heterogeneity and firm dynamics on macroeconomic outcomes, particularly how the transmission of macroeconomic shocks is impacted by strategic behaviour and the distribution of …