The dissertation, which consists of two chapters, is devoted to exploring the role of informational friction in monetary economics and finance.Chapter I: COUNTE

This dissertation seeks to understand how financial frictions arise and how they can affect the economy, and explores the implications of financial frictions fo

This dissertation consists of three essays on information frictions and liquidity in macroeconomics. The first chapter introduces a form of bounded rationality

The thesis consists of three studies on money, banking and monetary policy with modern monetary economic theory based on explicit micro-foundations. As an intro

I study the interactions between liquidity constraints, monopolistic competition, and search frictions for product markets, labor markets, and credit markets. M