In recent years bacteria have become increasingly resistant to antibiotics, leading to a decline in the effectiveness of antibiotics in treating infectious disease. The first chapter uses a framework based on an epidemiological ...

Tax effects on household portfolio behavior have been a controversial issue. The intuition behind this controversy is that taxes reduce not only expected return but also risk. Since expected return and risk have opposite ...

The first essay, entitled "Sectoral Adjustment Costs and Real Exchange Rate Dynamics in a Two-Sector Dependent Economy," investigates dynamics of real exchange rates in a two-sector model with both capital accumulation and ...

This series of essays examines the role of bank networks before, during and after the Turkish banking crisis of 1999--2001. The analysis focuses on different aspects of bank interaction, such as payment and settlement ...

The first two chapters present a pair of endogenous growth models with both physical and human capital and a public education input. These papers contribute to the literature on endogenous growth by analyzing a nonrepresentative ...

The three dissertation chapters explore various issues regarding interest rate as an instrument for monetary policy in industrial countries.Chapter 1. "Is the quantity of debt a constraint on monetary policy?" Monetary ...

Academic researchers and investment institutions have devoted a significant amount of their efforts over the past two decades to developing and testing sophisticated models of the volatility dynamics of different types of ...

In this dissertation I analyze a series of historically important antitrust cases, and demonstrate why the prevailing explanations are either incomplete or incorrect. By conducting fact intensive investigations of changes ...

The open-access inefficiencies of renewable resources are heightened, and their regulation complicated, by heterogeneous stock composition, non-uniform spatial distribution, and informational asymmetries between regulators ...