Essays in microfoundations of macroeconomics :

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" Essays in microfoundations of macroeconomics : "
Acemoglu, Kamer Daron.

Document Type	:	Latin Dissertation
Record Number	:	1096401
Doc. No	:	TLets441209
Main Entry	:	Acemoglu, Kamer Daron.
Title & Author	:	Essays in microfoundations of macroeconomics :\ Acemoglu, Kamer Daron.
College	:	London School of Economics and Political Science (University of London)
Date	:	1992
student score	:	1992
Degree	:	Ph.D.
Abstract	:	This thesis consists of seven essays that deal with microfunctions ofmacroeconomics. Two important questions that are addressed in this context are:(i) Do we expect to obtain stylised facts of macroeconomics from microstructuresthat we observe in labour, financial and product markets (for instance forms ofcontracts, organisation of wage determination, institutional features)?(ii) Can these microstructures that we observe be explained in a coherent way?Once we answer these questions, we can also reach "efficiency" conclusions anddetermine certain costs and benefits of different microstructures.This thesis tries to tackle these questions in specific cases. In particular, weinvestigate these issues in the context of (a) business cycle fluctuations, (b) thepersistence and volatility in the time-series relationship behaviour of unemployment andwages, (c) the recent high levels and persistence of long-term unemployment, (d) thetime-series relationship between investment and output, (e) the nature and form oflabour,product market and financial contracts.
Added Entry	:	London School of Economics and Political Science (University of London)