Essays in macroeconomics,finance and risk.

详细信息   

• 作者：Robatto ; Roberto.
• 学历：Doctor
• 年：2014
• 毕业院校：The University of Chicago
• Department：Economics.
• ISBN：9781321033809
• CBH：3627879
• Country：USA
• 语种：English
• FileSize：1390763
• Pages：221

文摘

In the first Chapter of this dissertation,I develop a novel dynamic general equilibrium model of banking panics (multiple equilibria) and I analyze the effects of monetary injections during a financial crisis. In the second Chapter,I provide an Irrelevance Proposition that identifies the paths of money supply that are consistent with zero nominal interest rates in a large class of monetary models,with implications for monetary policy at the zero lower bound and for the analysis of the Friedman rule. The last Chapter (joint with Balazs Szentes) derives a utility representation of the evolutionary optimal behavior when a population faces choices over lotteries which determine the number of offspring and involve both idiosyncratic and aggregate risks.