Essays on agent heterogeneity in macroeconomics
In my Ph.D. thesis, I study the subjects of monetary economics, heterogeneity of households and firms, and optimal policy. I solve models with rich heterogeneity and use statistical models to work with time series macro and panel micro data. In Chapter 1, I examine optimal monetary policy in a heter...
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| Format: | doctoral thesis |
| Status: | Published version |
| Publication Date: | 2023 |
| Country: | España |
| Institution: | CBUC, CESCA |
| Repository: | TDR. Tesis Doctorales en Red |
| OAI Identifier: | oai:www.tdx.cat:10803/688870 |
| Online Access: | http://hdl.handle.net/10803/688870 |
| Access Level: | Open access |
| Keyword: | Macroeconomics Heterogeneity Heterogeneidad Macroeconomia 33 |
| Summary: | In my Ph.D. thesis, I study the subjects of monetary economics, heterogeneity of households and firms, and optimal policy. I solve models with rich heterogeneity and use statistical models to work with time series macro and panel micro data. In Chapter 1, I examine optimal monetary policy in a heterogeneous agent model with sticky prices and borrowing constraints. I show that the optimal policy differs significantly from the other cases. In Chapter 2, I study the heterogeneity in firms’ markups response to a monetary policy, showing its implication for the propagation of aggregate shocks in the economy. Finally, Chapter 3 identifies drivers of the differential behavior of single and married individuals in the labor market. The model is used to study the implications for the optimal targeting of unemployment benefits. |
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