Essays in macroeconomics and finance
Abstract/Contents
- Abstract
- This dissertation studies the role of financial frictions, uncertainty, and heterogeneity for financial markets and for the real economy. In terms of tools, it uses quantitative models with incomplete markets and heterogeneous agents, and disciplines these models with micro data. The dissertation consists of two essays. The first essay explores the role of unemployment scars - the large, long-lasting impact of unemployment on future earnings - for the U.S. housing bust. The second essay proposes a simple perturbation approach for dynamic models with agents who differ in their perception of exogenous shocks, and applies it, among other things, to study the asset premia that arise from Knightian uncertainty.
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 | 2018; ©2018 |
| Publication date | 2018; 2018 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Author | Krivenko, Pavel |
|---|---|
| Degree supervisor | Schneider, Martin, (Professor of economics) |
| Degree committee member | Hall, Robert E. (Robert Ernest), 1943- |
| Degree committee member | Piazzesi, Monika |
| Thesis advisor | Hall, Robert E. (Robert Ernest), 1943- |
| Thesis advisor | Piazzesi, Monika |
| Associated with | Stanford University, Department of Economics. |
Subjects
| Genre | Theses |
|---|---|
| Genre | Text |
Bibliographic information
| Statement of responsibility | Pavel Krivenko. |
|---|---|
| Note | Submitted to the Department of Economics. |
| Thesis | Thesis Ph.D. Stanford University 2018. |
| Location | electronic resource |
Access conditions
- Copyright
- © 2018 by Pavel Krivenko
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
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