This dissertation consists of three chapters that each study the interaction between government policy and real estate markets. All three chapters are connected by a broad interest in renters, landlords, and rental markets. Chapter 1 investigates the relationship between place-based policies and real estate and rental markets empirically by studying...
In this dissertation I examine how the government should respond to sovereign risk and show that it has implications on the optimal behavior of the government. In Chapter 1, I look into international reserve management. In Chapter 2, I analyze the effects of sovereign risk on the size of fiscal...
This dissertation studies three distinct problems in econometrics. Chapter 1 proposes an adaptive randomization procedure for two-stage randomized controlled trials. The method uses data from a first-wave experiment in order to determine how to stratify in a second wave of the experiment, where the objective is to minimize the variance...
Contest theory is an area of game theory that studies environments in which agents make sunk investments in order to get a prize. These investments could be money, effort, time, etc. Contest theory is used to study a wide range of applications, like political contests, research and development, advertisement campaigns,...
I study three topics in applied microeconomics. My first chapter concerns the effect of daily school start times on academic achievement in Florida. Exploiting the sharp discontinuity in school start time relative to sunrise, I track children who move between schools on either side of the time zone boundary in...
Households in emerging markets hold significant amounts of dollar deposits while firms have significant amounts of dollar debt. Motivated by the perceived dangers, policymakers often develop regulations to limit dollarization. In this paper, I draw attention to an important benefit of dollarization, which should be taken into account when crafting...
Understanding the role of heterogeneity across agents is crucial in predicting how the macroeconomic outcomes are affected by these differences. This dissertation presents three papers in which I study labor market outcomes of different segments of the population according to their choice of education and how labor market characteristics affect...
We tackle two important theoretical problems in macroeconomics and international economics. First, in macroeconomics, especially monetary economics, the models with a standard Taylor rule have multiple equilibria. This multiplicity is problematic since we do not have a theory to determine a price level. We propose a theory to pin down...
This dissertation studies three topics in labor and public economics. The first chapter examines the local economic consequences of prisons using two complementary approaches. The first uses the openings of 230 prisons during the 1990s across the entire United States, and the second uses a quasi-experimental strategy that compares winning...
According to contemporary estimates, the 1933 Soviet famine killed six to eight million people, more than two million of them in Ukraine. This dissertation studies causes and consequences of this famine. ', 'Chapter one evaluates the causes of the 1933 famine offered by historians in Ukrainian context. Three main explanations...