publication . Doctoral thesis . 2012

Essays on Economic Volatility and Financial Frictions

Zhao, Hongyan;
Open Access English
  • Published: 01 Jan 2012
  • Publisher: eScholarship, University of California
  • Country: United States
This dissertation consists of three essays in macroeconomics. The first one essay discusses the reasons of Chinese huge foreign reserves holdings. It contributes to the literature of sudden stops, precautionary saving and foreign assets holdings. In the second essay, I study the price volatility of commodities and manufactured goods. I measure the price volatility of each individual goods but not on the aggregated level and therefore the results complete the related study. The third essay explores the correlation between the relative volatility of output to money stock and financial development. It extends the application of financial accelerator model.In the fi...
free text keywords: Economics, China, Commodity Prices, Financial Frictions, Foreign Reserves, Volatility
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