Essays in macroeconomic theory : informational frictions, market microstructure and fat-tailed shocks
This thesis is composed by five chapters. Chapter 1 presents a new Keynesian open economy model that includes risk-adverse foreign-exchange market dealers and foreign exchange intervention by the monetary authority. In this setup portfolio decisions made by dealers add an endogenous time variant ris...
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London School of Economics and Political Science (University of London)
2013
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.602759 |