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Please use this identifier to cite or link to this item: http://arks.princeton.edu/ark:/88435/dsp01w6634594k
Title: ESSAYS ON THE REAL EFFECTS OF INFORMATIONAL FRICTIONS IN FINANCIAL MARKETS
Authors: Sockin, Michael
Advisors: Xiong, Wei
Golosov, Mikhail
Contributors: Economics Department
Keywords: feedback effects
finance
informational aggregation
informational frictions
macroeconomics
real effects
Subjects: Finance
Economics
Issue Date: 2015
Publisher: Princeton, NJ : Princeton University
Abstract: This dissertation aims at characterizing the real consequences of informational frictions in financial markets through several applications. The first chapter highlights a dynamic feedback loop in learning that arises between financial markets and real investment that helps explain how financial crises can contribute to slow recoveries. The second chapter investigates feedback effects from learning in commodity markets to understand the role of financial market speculation in the commodity boom and bust cycles of the late 2000’s. The third chapter explores the role of informational frictions in housing markets to rationalize the hump-shaped pattern in price volatility observed across supply elasticity in the recent US housing cycle.
URI: http://arks.princeton.edu/ark:/88435/dsp01w6634594k
Alternate format: The Mudd Manuscript Library retains one bound copy of each dissertation. Search for these copies in the library's main catalog
Type of Material: Academic dissertations (Ph.D.)
Language: en
Appears in Collections:Economics

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