Essays in macroeconomics: barriers to work and underground economy; trade liberalization and exchange reta pass through; pension privatization and country risk
- Autores: Arnoldo López Marmolejo
- Directores de la Tesis: Hugo Rodríguez Mendizábal (dir. tes.)
- Lectura: En la Universitat Autònoma de Barcelona ( España ) en 2007
- Idioma: español
- Tribunal Calificador de la Tesis: Francesc Obiols Homs (presid.), Francesc Ortega Egea (secret.), Carlos Conesa Juan (voc.), Marcelo Soto (voc.), Fernando Sánchez Losada (voc.)
- Materias:
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- Resumen
This thesis consists in three essays on macroeconomics. The first essay argues that certain barrier to labor affects more poor countries than rich countries in terms of the size of the underground economy and output fluctuations. The second essay analyzes the effect of trade liberalization on the exchange rate pass-through (ERPT) into import prices. The third essay explores the effect in the credit risk ratings of pension privatization. I will give more intuition and explain more carefully each essay ahead.
First essay: Barriers to work, underground economy and aggregate fluctuations There are different barriers to work, such as 'over-regulation', bureaucratic requirements and bribes. Economic data demonstrate that poor countries with labor regulations (as proxy variable for barrier to work) similar to those of rich countries face a higher standard deviation (S.D.) of the Gross Domestic Product (GDP) and a larger size of the underground economy than the rich countries.
