Essays in labor macroeconomics and monetary economics
Abstract/Contents
- Abstract
- This dissertation explores three questions in macroeconomics: two pertaining to labor macroeconomics and one concerning monetary economics. In the first chapter, I study the role wealth plays in workers' labor market outcomes and, in turn, how it impacts their earnings prospects over the business cycle. In the second chapter (joint with Basil Halperin) we investigate the optimal monetary policy in an sectoral economy with menu costs and find that the central bank should target constant nominal wages and not constant prices, as is typically prescribed. In the third and final chapter (joint with Aniket Baksy) we show that increased educational attainment played an important role in the decline in worker mobility in the US over the past three decades. This contrast with the existing literature, which attributes the decline to lower economic dynamism.
Description
| Type of resource | text |
|---|---|
| Form | electronic resource; remote; computer; online resource |
| Extent | 1 online resource. |
| Place | California |
| Place | [Stanford, California] |
| Publisher | [Stanford University] |
| Copyright date | 2023; ©2023 |
| Publication date | 2023; 2023 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Author | Caratelli, Daniele |
|---|---|
| Degree supervisor | Auclert, Adrien |
| Degree supervisor | Kehoe, Patrick J |
| Thesis advisor | Auclert, Adrien |
| Thesis advisor | Kehoe, Patrick J |
| Thesis advisor | Hall, Robert E. (Robert Ernest), 1943- |
| Thesis advisor | Pastorino, Elena |
| Degree committee member | Hall, Robert E. (Robert Ernest), 1943- |
| Degree committee member | Pastorino, Elena |
| Associated with | Stanford University, School of Humanities and Sciences |
| Associated with | Stanford University, Department of Economics |
Subjects
| Genre | Theses |
|---|---|
| Genre | Text |
Bibliographic information
| Statement of responsibility | Daniele Caratelli. |
|---|---|
| Note | Submitted to the Department of Economics. |
| Thesis | Thesis Ph.D. Stanford University 2023. |
| Location | https://purl.stanford.edu/df188nw2001 |
Access conditions
- Copyright
- © 2023 by Daniele Caratelli
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
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