Content area
Abstract
This dissertation contains four essays that apply techniques of learning and implicit contracts to the analysis of macroeconomic problems. The first essay explores the role of borrowers' reputation concerns on the magnification of macroeconomic crises. The second essay investigates the importance of financial frictions in delaying the recovery of economies after crises. The third essay (coauthored with David Lagakos) develops an implicit contract model to understand the differences in wage smoothing across industries. The fourth essay studies the effects of different signalling technologies in the efficiency of organizations with career concerned managers.
Details
Title
Essays on learning and macroeconomics
Author
Ordonez, Guillermo Luis
Year
2008
ISBN
978-0-549-90064-1
Source type
Dissertation or Thesis
Language of publication
English
ProQuest document ID
304660883
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
