Three essays on short-term macroeconomics : business fluctuations, large devaluations and inflation dynamics

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Ressource 1 Sous embargo indéterminé.
State: Public
Version: After imprimatur
License: Not specified
Serval ID
serval:BIB_R_7863
Type
PhD thesis: a PhD thesis.
Collection
Publications
Institution
Title
Three essays on short-term macroeconomics : business fluctuations, large devaluations and inflation dynamics
Author(s)
Bruchez P.-A.
Director(s)
Bacchetta P.
Institution details
Université de Lausanne, Faculté des hautes études commerciales
Address
Administration BFSH1, 1015 Lausanne
Publication state
Accepted
Issued date
05/2007
Language
english
Number of pages
90
Abstract
Résumé:
At least since the Great Depression, explaining why there are business fluctuations has been one of the biggest challenges that the science of economics has had to face. The hope is that if we could better understand recessions, then we could also be more successful in overcoming them. This dissertation consists of three papers that are part of the general endeavor of economists to understand these fluctuations. The first paper discusses, for a particular model, whether a result related to fluctuations would still hold if time were modeled as continuous rather than discrete. The two other papers focus on price stickiness. The second paper discusses why, after a large devaluation, prices of non-tradables may change by only a small amount in comparison to the magnitude of the devaluation. The third paper examines price adjustment in a model in which information is imperfect and it is costly to change prices.
Create date
09/12/2009 10:52
Last modification date
05/06/2020 5:20
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