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Essays in Macroeconomics

dc.contributor.advisor Ilut, Cosmin
dc.contributor.advisor Rubio-Ramirez, Juan F Chen, Linxi 2018-05-31T21:14:48Z 2018-05-31T21:14:48Z 2018
dc.description.abstract <p>This dissertation consists of my essays in macroeconomics. In the first essay, I develop a new general equilibrium model to explain several facts about aggregate inventory that are challenging to existing inventory models. This work highlights the importance of taking into account consumers' search behavior in understanding aggregate inventory dynamics. In the second essay, I adapt a Markov-switching vector autoregression (MS-VAR) to uncover detailed asymmetries embedded in inventory dynamics. This work further demonstrates the shortcomings of existing inventory models and points to new directions in improving inventory models.</p>
dc.subject Economics
dc.subject Economic theory
dc.subject Business Cycle
dc.subject DSGE
dc.subject Inventory
dc.subject MS-VAR
dc.subject Product Market
dc.subject Search Friction
dc.title Essays in Macroeconomics
dc.type Dissertation
dc.department Economics

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