It is usual to formulate policies that react on the consequences, not the causes of family structure. In the design of policies, it is important to consider that institutions evolve in response to individual incentives and affect the performance of political and economic systems. Formal rules...

This dissertation studies the effect of globalization, specifically increased international trade and financial integration, on various aspects of the international business cycle. The second chapter, "Globalization and International Business Cycle Co-movement", investigates the links between...

We study the causes and the consequences of limited risk sharing in two areas macroeconomics: the transmission of international business cycles and the welfare effect of taxes. The first two chapters focus on international business cycles, since earlier work has shown that models with perfect...