Book of Donmon Teith

Abstract: In the first essay, 'Financial Frictions, Intersectoral Adjustment Costs, and News-Driven Business Cycles', I show that an RBC model with financial fr

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

This dissertation investigates the role of financial frictions stemming from asymmetric information in financial markets on the transmission of shocks, and the

This dissertation consists of four chapters analyzing the effects of heterogeneous and asymmetric information in macroeconomic and financial settings, with an e