The dissertation examines macroeconomic asymmetries and their implications for monetary policy. In the first chapter, we study a non-linear New Keynesian model with an asymmetry in price-adjustment costs (more severe downward rigidity in prices), and a number of its interesting implications. The...

In this dissertation, I examine the effect of the minimum wage and monetary policy on inequality and the aggregate economy. The first chapter develops a theoretical model to simulate the impact of policy experiments on labor income inequality and the aggregate economy. The second chapter...

This dissertation consists of three essays that delve into the intersection of econometrics and macroeconomics. The essays employ econometric tools to investigate various topics related to macroeconomic forecasting and policy-making. The first essay aims to help policy-makers conduct robust...

Campaign donors in the United States, though a small and unrepresentative segment of the broader electorate, have the financial means to potentially exert an outsized influence in American politics. Understanding the micro-foundation of donor behavior–why do they give? And how do they choose...

In this dissertation, I study the changes in external liabilities and assets of emerging market economies since the early-2000s and the following implications of the changes for the financial stability and the optimal policies of the economies. In chapter 1, I construct a dataset, which measures...

The rise of the USD as the main currency for international transactions and investments makes non-us banks hold significant amounts of US dollars. As a result, there is spillover from US monetary policy to these foreign banks. I show that an increase in interest rates in the US dollar increases...