Essays in empirical macroeconomics
Wong, Benjamin Shijie
This thesis is a collection of three self contained empirical macroeconomic papers on inflation. The links between inflation and peripheral themes such as oil price shocks and its tradeoff with output are investigated. Chapter 2 studies the impact of oil shocks on U.S. inflation expectations from the Michigan Survey and how this in turn transmits into actual inflation. The results suggest oil shocks impact both inflation expectations and inflation. Counterfactual analysis suggest inflation...[Show more]
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