Topics in dynamic macroeconomic theory [Elektronische Ressource] : on the causes and consequences of income growth and uncertainty / vorgelegt von Christian Bauer

Topics in Dynamic Macroeconomic Theory: On the Causes andConsequences of Income Growth and UncertaintyDissertationzur Erlangung des Grades eines Doktors der Wirtschaftswissenschafteingereicht an derWirtschaftswissenschaftlichen Fakult¨atder Universit¨at Regensburgvorgelegt vonChristian BauerBerichterstatter:Prof. Dr. Lutz Arnold (Universit¨at Regensburg)Prof. Dr. Alfred Maußner (Universit¨at Augsburg)Tag der Disputation: 30.10.2008OverviewI Trade with Imperfect Competition and Heterogeneous Firms 11 An “Almost Static” Model with Fixed Export Costs 32 Melitz (2003) with Pareto-Distributed Productivities 433 A Dynamic Model of Growth and Trade 57II On the Growth and Welfare Effects of Monopolistic Competition 1194 Monopolistic Competition and Endogenous Growth 1215 Monopolistic Distortions and Growth Reconsidered 151III Idiosyncratic Income Risk and the Labor Market 1716 Labor Market Matching with Savings 1737 Optimal Unemployment Policy 2098 Job Search with Borrowing Constraint under CARA 2279 Changing Prudence and Risk Aversion 271Bibliography 281iiiContentsI Trade with Imperfect Competition and Heterogeneous Firms 11 An “Almost Static” Model with Fixed Export Costs 31.1 The Melitz (2003) Model. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.2 Autarky . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51.2.1 Model Setup . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .