자료유형  

 학위논문

Control Number  

0017161688

International Standard Book Number  

9798382783772

Dewey Decimal Classification Number  

658

Main Entry-Personal Name  

Maroz, Danila.

Publication, Distribution, etc. (Imprint  

[S.l.] : Harvard University., 2024

Publication, Distribution, etc. (Imprint  

Ann Arbor : ProQuest Dissertations & Theses, 2024

Physical Description  

134 p.

General Note  

Source: Dissertations Abstracts International, Volume: 85-12, Section: A.

General Note  

Advisor: Stock, James.

Dissertation Note  

Thesis (Ph.D.)--Harvard University, 2024.

Summary, Etc.  

요약The present work explores some of the key questions of macroeconomic analysis: causal effect of monetary policy, causal effect of fiscal policy and the behavior of macroeconomic data in abnormal periods.The first chapter presents the development and the application of the novel identification method, the negative control approach, in the in macroeconomic setting. To identify the causal effects of the market interest rates on the macroeconomic outcomes of interest, we employ macroeconomic news and measures of Fed policy as the auxiliary variables satisfying orthogonality restrictions derived from the analysis of the information flow.The second chapter utilizes the dataset of federal government contract spending to estimate the local multiplier. We present the baseline estimates using the newly constructed dataset and propose and explore three key potential hindrances: heterogeneity, endogeneity and spillovers. The first two factors seem to be particularly relevant in driving the estimates towards zero and adjustments in this respect doubles the estimated multiplier values.The third chapter looks at the broad dynamics of the macroeconomic data in the context of abnormal variations as represented by the Covid period. The addition of a new dynamic factor in the Covid period helps absorb a large amount of the anomalous variation and presents a viable alternative to omitting the Covid period data in use for macroeconomic analysis.

Subject Added Entry-Topical Term  

Finance.

Subject Added Entry-Topical Term  

Public policy.

Index Term-Uncontrolled  

Macroeconomics

Index Term-Uncontrolled  

Monetary policy

Index Term-Uncontrolled  

Market rates

Index Term-Uncontrolled  

Multiplier values

Index Term-Uncontrolled  

Local multiplier

Added Entry-Corporate Name  

Harvard University Economics

Host Item Entry  

Dissertations Abstracts International. 85-12A.

Electronic Location and Access  

로그인을 한후 보실 수 있는 자료입니다.

Control Number  

joongbu:656904