“...Which theory can quantitatively explain the rise in mortgage defaults during the U.S. mortgage crisis? This paper finds that the double‐trigger hypothesis,...”

“...This thesis analyzes three topics in macroeconomics: Mortgage default, demographic change and factor misallocation. The first chapter asks which theories of...”

“...Das Papier entwickelt neue Methoden zur Messung der Misallokation von Produktionsfaktoren zwischen verschiedenen Produktionseinheiten. Diese Methoden beruhen...”

“...Projected demographic changes in the U.S. will reduce the share of the working-age population. Analyses based on standard OLG models predict that these changes...”

“...This appendix of our paper, "Demographic Change, Human Capital and Welfare", contains further material that could not be included in the paper due to space...”

“...This paper employs a large scale overlapping generations (OLG) model with endogenous human capital formation using a Ben-Porath (1967) technology to evaluate...”