thesis on macroeconomic model

agent model. The benchmark model captures the wealth distribution and its evolution from 1967-2010. Optimal tax policy exercise considers an once-and-for-all tax reform at 1967 accounting for the time varying economic environment and transition dynamics. With a utilitarian social planner, the optimal linear

2A non-exhaustive list includes: "The Scientific Illusion in Empirical Macroeconomics," (Summers,1991), "The State of Macro" (Blanchard,2009), and "The Trouble with Macroeconomics" (Romer,2016); not to mention the 21 essays recently published in the Oxford Review of Economic Policy as part of the "Rebuilding macroeconomic theory" 1

Essays in Macroeconomics Abstract My dissertation presents essays on topics in macroeconomics. In Chapter 1, I study the interplay between micro and macro uncertainty. I show that its effect on unemployment risk is the dominant transmission channel of macro uncertainty. Accounting for this channel, the

This dissertation consists of three essays in macroeconomic econometrics. The first essay investigates industry level production functions. Part of the interest in doing this is to contribute to the ongoing improvements in dynamic macroeconomic models which are increasingly disaggregating economies into industrial sectors. This paper provides useful production function parameter values for ...

This thesis consists of three essays in the field of macroeconomics. In the first chapter, Andrea Manera and I study the economic incentives for automation when labor and machines are perfect substitutes. We find that labor may still be employed in produc-tion, even when it is a costlier input than robots on a productivity-adjusted basis. This

equilibrium model explaining the contrasting cyclical behavior of non-financial corporate and bank leverage in U.S. data, and study its implications for macroprudential regulation in banking. Methodologically, these essays share a focus on building theoretical models of closed and open economies to address policy-relevant questions in ...

Abstract. This thesis is about the macroeconomic implications of bond market liquidity. Using a two-country macro model with incomplete markets, it is shown that higher private bond liquidity not only leads to more growth from more efficient financing of investment opportunities, but also generates more instability by fueling equilibrium ...

This dissertation consists of three essays on macro- nance and forecasting. ... the macroeconomic t of the model. We investigate various potential extensions for resolving this problem, and nd that incorporating quadratic labor adjust-ment costs, real wage rigidities and long run risks are not helpful, but that time ...

The model also shows that there is an important economic interaction between the impact of the zero lower bound and the degree of household heterogeneity. Chapter2studies the impact of macroprudential limits on mortgage lending in a hetero-geneous agent life-cycle model with incomplete markets, long-term mortgage, and default.

This thesis is a contribution towards the macroeconomic and monetary analysis of developing countries. A fully-fledged macroeconometric model is theoretically specified, econometrically estimated and dynamically simulated for policy analysis. The model contains demand side, supply side, balance of payments accounts, government accounts and a financial sector.

1.1 Motivation. This thesis is concerned with forecasting methods applied to macroeconomic variables. Forecasting is important because it allows people to make more informed decisions and de-velop strategies. In typical forecasting historical data is used to learn patterns and predict future trends and changes.

Essays in Macroeconomics. My dissertation combines structural macroeconomic models with analyses of macro and micro data and broadly contributes to two research agendas. The first relates to the channels through which monetary policy impacts the economy. The second aims to understand how heterogeneity observed at the micro level affects the ...

This thesis provides three essays in macroeconomics. The first chapter analyzes trends in fertility and time allocation. Falling fertility rates have often been linked to rising female wages. However, over the last 30 years the US total fertility rate has been stable while female wages have continued to grow. Over the same period, women's hours spent on housework have declined, but men's have ...

The model has been built to give a solid description of the historic relationship between economic variables and to capture the key linkages between those variables. Although a lot of weight is given to the fit of the model, this is not at the expense of economic theory and intuitive properties under a wide range of scenarios.

This dissertation is a collection of three essays on macroeconomics, examining the sources of business cycles. In particular, we are interested in understanding how shocks propagate over the business cycle in both closed economy and open economy settings. The common approach we take in these chapters is to use both theory and data in a structural estimation based on a dynamic stochastic ...

This thesis contains three chapters. All chapters study different aspects of macroeconomic policy. The first chapter studies discretionary monetary policy in an economy where economic agents have quasi-hyperbolic discounting. It demonstrates that a benevolent central bank is able to keep inflation under control for a wide range of discount factors.

Title: Essays in macroeconomics : investment choices, labor market outcomes, and family structure Author (s): BACHER, Annika Date: 2022 Citation: Florence : European University Institute, 2022 Type: Thesis Series/Number: EUI; ECO; PhD Thesis Abstract: This thesis is composed of three independent essays in heterogeneous agent macroeconomics.

We then study the stabilization properties of UI. In standard HA models, UI affects aggregate consumption largely by reducing precautionary saving. By weakening this effect, a model with present bias features 40% smaller fiscal multipliers of UI extensions. In the second essay, co-authored with Adrien Auclert, Matthew Rognlie, and Ludwig Straub ...

This model is built using the EViews platform. To run it, an EViews program must be installed on the operator's computer. After the software has been successfully installed, the model files can be saved and opened at any time. Contacts for support In the case of problems or questions related to the model, please contact the authors by email.

Macroeconomic indicators are amongst the most important and used tools for investors as they provide an outlook for the economy and thus improve the assessment of in-vestments e.g. for asset allocation. The purpose of this thesis is to investigate the short- and long-run relationship between the US stock market index S&P500 and six

This thesis assesses the potential effects of migration on the sending country, focusing on the impacts of migration on human capital stocks and human capital formation. ... The University of Edinburgh, 2024-02-23) This thesis is composed by three independent essays studying relevant topics in macroeconomic policy: Chapter 1 analyses the ...

The Simple Macroeconomics of AI∗ Daron Acemoglu Massachusetts Institute of Technology April 5, 2024 Abstract This paper evaluates claims about the large macroeconomic implications of new advances in AI. It starts from a task-based model of AI's e ects, working through automation and task complementarities. It

Capacity Development (CD), comprising technical assistance and training, fosters economic development by improving human capital and institutions in member countries. Every five years, the IMF reviews its CD Strategy to ensure that CD continues to be of high quality and well-focused on the needs of its members. This review calls for CD to become more flexible, integrated with the Fund's ...

than the passive. For instance, "I estimated the model" is better than "The model was estimated." 9. Consistent Tense: Use present tense when discussing economic theories, models, or general facts. In economics research papers, you can use present simple tense even when referring to specific past studies or your own past research.

Fitch Ratings cut its outlook on China's long-term credit rating to negative on Wednesday, citing uncertain prospects for the economy as the country transitions from its property-led growth model.

A review of the Bank of England's economic forecasting that was published Friday April 12, 2024 and undertaken by Ben Bernanke, the former chair of the U.S. Federal Reserve, has found "significant shortcomings" that should be addressed to better inform future interest rate decisions. (AP Photo/Andrew Harnik, File)

Advertisement. These are the five recession indicators that are no longer flashing red as the resilient US economy continues to power forward. 1. NDR's Recession Probability Model. NDR's internal ...

Thesis lab: Chao Zhou (WashU Biomedical Engineering) Abstract: Machine learning is commonly used in biomedical image analysis as it allows automated image segmentation and identification that minimizes the need for tedious human involvement.When researching the cardiac function of the drosophila melanogaster, human experts were involved in manually identifying the heart position in optical ...