Interest rates and debt are key policy instruments for monetary and fiscal policy makers and relevant not only for the individual's decision but also for the economy as a whole. This work contains three chapters on the ...

This dissertation aims at contributing to the literature investigating the positive and normative framework for monetary policy. It provides an assessment of macroeconomic (i.e. monetary and to some extent also fiscal) ...

The story of the financial crisis of 2007-08 is also a story of bank regulation. Commentators from academia and policy institutions have identified an inappropriate regulation of banks and capital markets as one of the ...

This dissertation deals with two important types of insurance: defined benefit pension insurance in Chapter 2 and participating life insurance in Chapters 3 and 4.
In Chapter 2, a termination rule based on a critical ...

This thesis consists of four essays that belong to the literature on the theory of auctions and the theory of contests. Chapter 1 and Chapter 2 are devoted to the research on auctions and study the role of symmetry in ...

Through four independent research papers, this dissertation contributes to a better understanding of how individuals integrate new incoming information into their beliefs.
Chapter 1, starts with the consideration ...

In this work I study the impact of different types of frames on decision making behavior. I show that the visual frame of disclosure documents influences investment and beliefs into a mutual fund. In the second part of the ...

This dissertation consists of three self-contained essays on public finance, that is, on the study of government revenue and expenditure. Taxation and public spending reflect society's values, priorities, as well as its ...

This thesis consists of three chapters that analyze the stability of financial institutions. The focus lies on self-fulfilling liquidity crises that are associated with maturity transformation conducted by financial ...