Title:On the macroeconomics of firm entry and exit
Author(s):GABLER, AlainDate:2007Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:This thesis straddles two seemingly quite distinct fields within macroeconomics, namely endogenous growth and business cycle theory. The unifying element of the thesis is the fundamental role played by firm entry and exit ...
Title:On the Measurement of Welfare, Happiness and Inequality
Author(s):RYNKO, MajaDate:2012Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:This thesis addresses welfare measurement issues, with an emphasis on the measurement of happiness and inequality. It contributes to the economic literature in both methodological and empirical terms, with the empirical ...
Title:On the Predictability of Time-Varying VAR and DSGE Models
Author(s):BEKIROS, Stelios D.; PACCAGNINI, AlessiaDate:2012Type of Publication:ArticleAbstract:Over the last few years, there has been a growing interest in DSGE modelling for predicting macroeconomic fluctuations and conducting quantitative policy analysis. Hybrid DSGE models have become popular for dealing with ...
Title:On the Signaling and Feedback Effects of Umbrella Branding
Author(s):THAL, JeanineDate:2007Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:I consider an adverse selection model of product quality to analyze a firm's incentives to sell different products under an umbrella brand. My main result is that umbrella branding can signal positive quality correlation ...
Title:Openness and the Case for Flexible Exchange Rates
Author(s):CORSETTI, GiancarloDate:2006Type of Publication:ArticleAbstract:Models of stabilization in open economy traditionally emphasize the role of exchange rates as a substitute for nominal price flexibility in fostering relative price adjustment. This view has been recently criticized on the ...
Title:Optimal Debt Bias in Corporate Income Taxation
Author(s):SIMON, JennyDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:I present a rationale for a government to discriminate between debt and equity financing when taxing corporate income. For risk-averse entrepreneurs, equity generates more surplus than debt, because it provides financing ...