Three essays in macroeconomics : capital reallocation, capital utilization and optimal policy with partial information
This thesis is composed of three chapters. In the first chapter, I show that capital reallocation is highly procyclical, in contrast to the prediction of existing businesscycle models with firm heterogeneity, where it is highly countercyclical. I argue that endogenizing the price of used capital rel...
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London School of Economics and Political Science (University of London)
2015
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.658172 |