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 ...

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 ...

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 ...