Advanced economies have become more financialized and specifically, household debt has risen significantly relative to the business sector. Incorporating both household and firm-level debt in dynamic general equilibrium models of the economy can help us gain better insight into the financial crisis and explain in particular the slow recovery from the crisis that these economies are currently experiencing. It would be interesting to study what other business cycle dynamics and policy implications emerge from this.
This opportunity will remain open until a suitable candidate has been found.
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Open to students worldwide
There is no specific funding for this project, however, the successful candidate will be able to apply for funding offered by the Management School.
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