The decline in long term interest rates in the first decade of this millennium and a slow
response of output to very lower interest rates post the global financial crisis in developed …

Снижение долгосрочных ставок в первом десятилетии 2000-х гг. и медленная реакция
ВВП на низкие процентные ставки в посткризисный период в развитых странах …

This paper explicitly models strategic interaction between two independent national fiscal
authorities and a single central bank in a simple New Keynesian model of a monetary union …

This research examines a model of an economic-financial crisis caused by a sudden debt
deleveraging in the economy. In this type of a crisis, demand is contracted, and the monetary …

This dissertation consists of three essays studying macroeconomic implications of economic
agents' decision making subject to risk. In Chapter 1, I explain the decline in both …