This dissertation empirically identifies exogenous changes in monetary policy and estimates their effects on the economy. The framework is the Romer and Romer (2004) quasi-narrative approach to identifying exogenous changes in monetary policy. The first essay replicates the Romer-Romer (RR)...

Economic theory is subject to continual analysis. While theories themselves are sometimes widely accepted, nuances of theory are persistently scrutinized. Researchers have not isolated this debate from a simply theoretic standpoint. Empirical methods in microeconomics also provide a forum for...