Essays in modern Macroeconomics
Repository URI
Repository DOI
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Authors
Haber, Timo
Abstract
This thesis contains three chapters, each addressing a highly relevant area of interest in modern macroeconomics. The first chapter tests the presence of state-dependent pricing frictions by analysing the effects of monetary policy during high inflation and after large monetary shocks. The second chapter focuses on the interaction of heterogeneity in firm potential with financial frictions and its effect on macroeconomic outcomes. The final chapter presents a global solution method for heterogeneous agent models that can handle interesting and relevent extensions to the standard setting.
Description
Date
2022-09-26
Advisors
Faraglia, Elisa
Keywords
Macroeconomics, Monetary Economics, Heterogeneous Agents
Qualification
Doctor of Philosophy (PhD)
Awarding Institution
University of Cambridge
Sponsorship
Cambridge Trust, Studienstiftung des Deutschen Volkes, Clare Hall, Faculty of Economics