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Essays on Fiscal Policy in a Monetary Union
This thesis consists of three separate, but interlinked chapters on national fiscal policy in a monetary union. Throughout, I employ new Keynesian models that are augmented by the introduction of overlapping generations ...
Three Essays in Empirical Macroeconomics
This thesis comprises three self-contained chapters that each contributes new insights to this field of empirical macroeconomics.<br /> Chapter 1 examines the role of shocks to consumer misperceptions in explaining ...
Heterogeneity in Household Portfolios and its Implication for Fiscal and Monetary Policy
A household's portfolio generally consists of non-tradable and tradable assets. The most important non-tradable asset is human capital. It is the primary source of income for most households and at the same time subject ...