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Three essays in macroeconomics.

Lester, Robert.

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Three essays in macroeconomics.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Three essays in macroeconomics./
作者:	Lester, Robert.
面頁冊數:	153 p.
附註:	Source: Dissertation Abstracts International, Volume: 77-03(E), Section: A.
Contained By:	Dissertation Abstracts International77-03A(E).
標題:	Economic theory. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3731554
ISBN:	9781339179582

Three essays in macroeconomics.
Lester, Robert.

Three essays in macroeconomics. - 153 p.

Source: Dissertation Abstracts International, Volume: 77-03(E), Section: A.

Thesis (Ph.D.)--University of Notre Dame, 2015.

This dissertation contains three essays on macroeconomics. In chapter one, I develop a business cycle model with price rigidities and differential nominal wage rigidities among workers of different skill levels. The model captures observed heterogeneity in the labor market. In particular, high-skilled individuals have more volatile real wages, but less volatile hours relative to low-skilled individuals over the business cycle. I use the model to evaluate the welfare effects of monetary policy. I find that the optimal monetary policy is contingent on the welfare weight attached to each skill group, but the redistributive consequences from following any one policy are quantitatively small. (Abstract shortened by UMI.).

ISBN: 9781339179582Subjects--Topical Terms:

1556984
Economic theory.

Three essays in macroeconomics.
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502 $a Thesis (Ph.D.)--University of Notre Dame, 2015.
520 $a This dissertation contains three essays on macroeconomics. In chapter one, I develop a business cycle model with price rigidities and differential nominal wage rigidities among workers of different skill levels. The model captures observed heterogeneity in the labor market. In particular, high-skilled individuals have more volatile real wages, but less volatile hours relative to low-skilled individuals over the business cycle. I use the model to evaluate the welfare effects of monetary policy. I find that the optimal monetary policy is contingent on the welfare weight attached to each skill group, but the redistributive consequences from following any one policy are quantitatively small. (Abstract shortened by UMI.).
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