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Essays in Financial and Housing Economics
This dissertation presents four essays. The first chapter builds a real-options, term structure model of the firm incorporating stochastic volatility and endogenous default to shed new light on the value premium, financial ...
Essays in Development and Labor Economics
Essays in Development Economics
Economic development, more often than not, is tightly connected to good governance and adequate provision of public goods and services. My dissertation examines characteristics of developing countries that are relevant to ...
Essays in Health Economics
This dissertation explores situational differences in physician behavior based on detailed electronic hospital records, shedding light on previously unobservable determinants of treatment decisions and processes.
Mean Reversion in Housing Markets
Booms in house prices are usually followed by busts. This pattern is called "mean reversion." Mean reversion in housing markets has historically coincided with economic recessions across the world. Chapter 1 establishes ...
Essays on Normative Macro-Finance
This dissertation consists of four essays that study normative questions on issues related to financial markets and the macroeconomy.
The Macroeconomic Consequences of Microeconomic Phenomena in the Housing and Labor Markets
This dissertation consists of three independent chapters, each of which use microeconomic data and methods to inform an analysis of macroeconomic models and questions. The first two chapters study the short-run dynamics ...
Essays on Empirical Macroeconomics
This dissertation consists of three essays on empirical macroeconomics. The first essay estimates a dynamic multi-product model in order to assess the magnitude of menu costs. The leading theories on monetary policy ...
Essays in Public Economics
Chapter 1 investigates whether physicians' financial incentives influence health care supply, technology diffusion, and resulting patient outcomes. In 1997, Medicare consolidated the geographic regions across which it ...
Essays on Inequality and Market Failure
This dissertation comprises three chapters. The first chapter develops a research design to estimate the causal effect of parental layoffs and income during adolescence on children's college outcomes, and implements this ...