Essays on Macroeconomics with Financial Frictions

This dissertation analyzes how relaxing the assumption of rational expectations modifies the output of macroeconomic models. In particularly we show how imperfect information among the financial agents modifies their risk-taking decisions, the effect of monetary policy on banks' lending or equi...

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Bibliographic Details
Main Author: Audzei, Volha
Other Authors: Slobodyan, Sergey
Format: Doctoral Thesis
Language:English
Published: 2017
Online Access:http://www.nusl.cz/ntk/nusl-379619