Equilibrium

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Browse all works related to Equilibrium.

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The thesis consists of three chapters in public economics. In the first two chapters, we develop theoretical models to show how citizens' tax evasion and the governor's embezzlement affect public good provision. In the third chapter, I design an experiment to see how position un…

Labor unions are a controversial and relatively little understood species of organization. While empirical research on the effects of unions on various labor market outcomes proliferated in the 1970s and 80s, theoretical understanding of the behavior of unions remains at its ear…

A crise financeira de 2007/2008 desencadeou uma onda de críticas à teoria económica. Ataques baseados em quatro críticas principais: os economistas não terem previsto a maior crise desde a Grande Depressão; as autoridades deixarem formar bolhas sem controlo; o falhanço da superv…

This dissertation includes three working papers showing my research on the macroeconomic impact of uncertainty and bubbles. The first two papers look at uncertainty shocks in a dynamic stochastic general equilibrium framework, while the last one focuses on economic bubbles and c…