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dc.contributor.advisorJaramillo, Fernando 
dc.creatorGómez Muñoz, Wilman Arturo 
dc.date.accessioned2014-09-23T12:56:22Z
dc.date.available2014-09-23T12:56:22Z
dc.date.created2014-08-28
dc.date.issued2014
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/8912
dc.descriptionEsta disertación busca estudiar los mecanismos de transmisión que vinculan el comportamiento de agentes y firmas con las asimetrías presentes en los ciclos económicos. Para lograr esto, se construyeron tres modelos DSGE. El en primer capítulo, el supuesto de función cuadrática simétrica de ajuste de la inversión fue removido, y el modelo canónico RBC fue reformulado suponiendo que des-invertir es más costoso que invertir una unidad de capital físico. En el segundo capítulo, la contribución más importante de esta disertación es presentada: la construcción de una función de utilidad general que anida aversión a la pérdida, aversión al riesgo y formación de hábitos, por medio de una función de transición suave. La razón para hacerlo así es el hecho de que los individuos son aversos a la pérdidad en recesiones, y son aversos al riesgo en auges. En el tercer capítulo, las asimetrías en los ciclos económicos son analizadas junto con ajuste asimétrico en precios y salarios en un contexto neokeynesiano, con el fin de encontrar una explicación teórica de la bien documentada asimetría presente en la Curva de Phillips.
dc.description.abstractThis dissertation intends to study the transmission mechanisms that link the behavior of agents and firms with asymmetries present in business cycles. In order to achieve this goal, three DSGE models were built. In the first chapter, the assumption of a quadratic-symmetric cost adjustment of investment has been removed, and the canonical RBC model was reformulated supposing that dis-investing is costlier than investing one unit of physical capital. In the second chapter, the most important contribution of this dissertation is presented: the construction of a general utility function which nests loss aversion, risk aversion and habits formation by means of a smooth transition function. The reason for doing so is the fact that individuals are loss-averse in recessions and they are risk-averse in booms. In the third chapter, asymmetries in real business cycles are analyzed along with asymmetric adjustment of prices and wages in a Neo-Keynesian framework pursuing a theoretical explanation for the well-documented asymmetries found in the Phillips Curve.
dc.description.sponsorshipColciencias
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dc.language.isospa
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/2.5/co/
dc.sourcereponame:Repositorio Institucional EdocUR
dc.sourceinstname:Universidad del Rosario
dc.subjectCiclos Económicos
dc.subjectAsimetrías
dc.subjectTeoría de Prospectos
dc.subjectAversión a la Pérdida
dc.subjectCosto de Ajuste del Capital
dc.subjectFunción de Transición Suave
dc.subjectPrecios y Salarios Rígidos
dc.subjectCurva de Phillips Asimétrica
dc.subject.ddcProducción 
dc.subject.lembEconomía
dc.subject.lembCiclos económicos
dc.subject.lembDesarrollo económico
dc.subject.lembTeoría económica
dc.titleAsymmetries in Business Cycles
dc.typedoctoralThesis
dc.publisherUniversidad del Rosario
dc.creator.degreeDoctor en Economía
dc.publisher.programDoctorado en Economía
dc.publisher.departmentFacultad de Economía
dc.subject.keywordBusiness Cycles
dc.subject.keywordAsymmetries
dc.subject.keywordProspects Theory
dc.subject.keywordLoss Aversion
dc.subject.keywordCost of Capital Adjustment
dc.subject.keywordSmooth Transition Function
dc.subject.keywordSticky Prices and Wages
dc.subject.keywordAsymmetric Phillips Curve
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.type.spaTesis de doctorado
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