Browsing Faculty of Arts and Sciences by FAS Department "Business Economics"
Now showing items 1-20 of 25
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Empirical Analyses in Finance and Macroeconomics
(2018-05-11)This thesis has three essays which are empirical studies at the intersection of finance and macroeconomics. The topics include low interest rates and financial markets, debt contracts and corporate borrowing constraints, ... -
Essays in Corporate Finance
(2016-05-13)Macroeconomic and institutional shocks are important drivers of firms' activities. In chapter one, I examine the role of patent litigation in affecting companies’ innovation. Studying a landmark Supreme Court decision, I ... -
Essays in Finance and Econometrics
(2018-01-18)This thesis presents two essays studying the role of banks in financial markets and one which studies statistical inference in matching markets. The first chapter presents a new theory of the role of banks, providing an ... -
Essays in Financial Economics
(2016-08-25)This dissertation consists of three essays: Chapters 1 and 2 focus on the impact of cognitive and institutional constraints on stock market efficiency while Chapter 3 examines whether shocks to the real interest rate are ... -
Essays in Financial Economics
(2017-05-16)My dissertation is composed of three papers in financial economics. In the first essay, “Credit Migration and Covered Interest Rate Parity,” I document economically large and persistent discrepancies in the pricing of ... -
Essays in Financial Intermediation
(2018-05-11)This dissertation contains three essays on how differences among financial intermediaries affect the provision of financial services. The first essay, "Bank Consolidation and Financial Inclusion," focuses on deposit-taking ... -
Essays in Household Finance and Bank Regulation
(2017-01-25)My dissertation focuses on topics in household finance and bank regulation. In chapter 1, I estimate the household consumption response to a predictable, quasi-permanent income shock. Credit card spending rises well before ... -
Essays in Labor Economics
(2016-05-19)In my first chapter, I consider the long-term effects of World War II on women. WWII drew women into the workforce in unprecedented numbers and, often, into atypical occupations. After the war, they returned home where ... -
Essays in Monetary Policy With Informational Frictions
(2018-05-16)This dissertation presents three essays addressing the role of informational frictions in monetary policy. In particular, motivated by the observation that central banks around the world are often concerned about their ... -
Essays in Optimal Taxation
(2016-05-04)Policy often differs from the recommendations of theoretical optimal tax models in substantial and enduring ways. Such differences are sometimes surely because policy is suboptimal; however they may also be driven by ... -
Essays in the Economics of Innovation
(2016-05-10)This dissertation examines the social and economic processes that generate innovation and distribute its rewards in society, in the context of the United States over the past twenty years. Chapters 1 and 4 investigate the ... -
Essays on Asset Prices and Macroeconomic News Announcements
(2016-05-06)My dissertation is composed of three chapters that are unified by their exploration of asset prices and macroeconomic news announcements. With respect to asset prices, my main focus is on the price discovery process: how ... -
Essays on Entrepreneurship and Innovation
(2015-08-31)These essays investigate the role of entrepreneurial human capital as a driver of innovation and growth. In the first chapter, I estimate the effect of manager education on firm employment growth using administrative panel ... -
Essays on Indices and Matching
(2015-05-11)In many decision problems, agents base their actions on a simple objective index, a single number that summarizes the available information about objects of choice independently of their particular preferences. The first ... -
Essays on Industrial Organization
(2015-05-21)This dissertation comprises three essays on industrial organization. The first essay studies how product-level entry and exit decisions impact business and public policy analysis. It provides an empirical model that ... -
Essays on Industrial Policy and Communication
(2015-05-14)In my dissertation, I study government policies and their effects on the behavior of agents in the economy. Chapter 1 discusses the effects that subsidies for small firms have on aggregate output and productivity, with an ... -
Essays on Information and Debt
(2015-05-01)These essays attempt to explain why debt contracts are so common, and to explore the consequences resulting from the use of debt contracts. In the first essay, “Moral Hazard and the Optimality of Debt,” I use tools from ... -
Essays on Information in Financial Markets
(2018-05-13)In efficient markets, information, once public, should be instantaneously and correctly reflected in prices. But do investors consume information efficiently? Or do they allocate attention based on presentation, vary in ... -
Essays on International Finance and Asset Pricing
(2016-05-14)My first essay investigates the relationship between risk and return for investment projects within the firm. I focus on the film industry and find that more volatile movies have higher rates of return, even though this ... -
Essays on Learning, Uncertainty, and Choice
(2015-04-20)This dissertation presents three independent essays in microeconomic theory. Motivated by the rise of social media, Chapter 1 (co-authored with Yuhta Ishii) builds a model studying the effect of an economy's potential for ...