We postulate a nonlinear DSGE model with a financial sector and heterogeneous households. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significant endogenous aggregate risk. This risk induces an...

This thesis contributes to the research in highly skilled migration and takes special interest in questions and concerns of the European Union. The research will look at the causes of migration and what factors cause the selection of migrants. In particular, it will present three empirical...

Die vorliegende Arbeit untersucht wissenschaftlich anhand eines theoretischen Modells, wie sich internationale Migration auf die Volkwirtschaft des Aufnahmelandes auswirkt – nicht nur im Rahmen der EU-Osterweiterung. Kapitel eins enthält neben einer Hinführung zum Thema einen allgemeinen...

Artículo de revista ; As in other countries, the effect of the pandemic and the global recession on the Turkish economy was mitigated by the fiscal, financial and monetary support implemented by the country’s authorities. In fact, Turkey was one of the few economies of significant size to...

Artículo de revista ; The economic recovery in Latin America continued into the first part of this year, but lost momentum owing to the adverse course of the pandemic. Against this macro-financial backdrop, the region’s banking systems remain healthy, although some indicators, such as bank...

Artículo de revista ; In 2021, the Turkish economy continued to be highly influenced by the course of the COVID-19 pandemic. Turkey has been more dynamic than other emerging economies since the start of the pandemic, but faces a number of macro-financial challenges as a result of imbalances...

Artículo de revista ; The economic recovery in Latin America appears to have firmed in the second half of the year, having come to a halt in practically all the countries in Q2 owing to the unfavourable course of the pandemic. This has led in recent months to an across-the-board upward revision...

Many macroeconomic forces affect international trade. These include nominal uncertainty, exchange rate movements, and each country's business cycle. This dissertation consists of three essays which explore the impact of these macroeconomic forces. In the first chapter, I consider the choice...

The potential introduction of genetically modified (GM) wheat has both supporters and opponents waging battle in the popular press and scholarly research. Supporters highlight the benefits to producers, while the opponents highlight the unknown safety factors for consumers.The topic is very...