HB Economic Theory

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This thesis aims to examine a number of issues related to exchange rate movements at different time horizons: long-run, in terms of investigating equilibrium real exchange rates; medium-run, in terms of investigating predictability of exchange rates in out-of-sample forecasting …

This thesis includes three empirical studies detecting the determinants of crime in England and Wales. We firstly apply time series analyses to look for cointegrating relationships between property crimes and unemployment as well as law enforcement instruments. We extend our stu…

Chapter 2 of this thesis employs a dynamic general equilibrium with Taylor wage contracts to show that the use of strict inflation targeting as a disinflation policy may result in a slump in production and a considerable increase in macroeconomic volatility. Important determinan…