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In this dissertation I explore the relationship between the frictions in a country's financial market and its business cycle movements. It is well known that th
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The dissertation comprises of three chapters. The first chapter studies the role of credit market frictions in transmitting time-varying aggregate uncertainty t
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Greece isn't the only country drowning in debt. The Debt Supercycle—when the easily managed, decades-long growth of debt results in a massive sovereign debt a
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