There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...

My thesis is centered on the macroeconomic causes and consequences of income inequality. The first two essays develop theoretical frameworks to analyze the impact of income inequality on technical change and long-term economic growth. These essays sprung from the very fruitful collaboration with...

Rezessionen sind ein fester Bestandteil der Wirtschaft und ihr Einfluss auf Unternehmen ist oft zerstörerisch. Die Autorin dieser Dissertation vertritt die Auffassung, dass Rezessionen nicht alle Unternehmen in gleicher Weise treffen. Stattdessen erweisen sich einige Unternehmen als...

We analyze individuals with heterogeneous time-inconsistent preferences that consume sin goods and make a savings decision. A government may tax the sin good and provide mandatory health insurance. Due to time-inconsistency, the individual sin good and savings choices in ict internalities. Due...