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CC BY V4.0, Open Access
Dissertation
Essays on Central Bank Digital Money and Public Policies
Washington State University
Doctor of Philosophy (PhD), Washington State University
05/2024
DOI:
https://doi.org/10.7273/000006535
Abstract
This thesis presents three essays exploring the intersection of central bank digital currencies (CBDCs), consumer preferences, and labor market dynamics. In the first essay, I delve into the macroeconomic implications of CBDCs with varying levels of technological acceptance. It reveals a unique monetary policy channel-the “CBDC valuation/remuneration channel.” Employing a New Keynesian general equilibrium model, our study integrates a pricing differential mechanism to account for potential valuation differences between CBDC and physical currency.
The second essay investigates Mexican consumers’ willingness to pay (WTP) for irradiated U.S. fresh apples and compares it with chemical treatments. Our findings highlight varying WTP influenced by information dissemination, demographic factors, and narrative styles, contributing to a deeper understanding of consumer decisions concerning irradiation-treated fresh fruits.
In the third essay, we assess the effects of the extended benefits (EB) unemployment insurance program on labor market outcomes. A separate analysis of State and Federal components reveals significant differences in the magnitude and direction of effects. The study suggests that State benefits are more effective in delivering desirable labor market outcomes. It also identifies nuanced impacts on unemployment spells, employment prospects, and exits from the labor force during both recession and recovery periods.
These essays collectively offer valuable insights into the macroeconomic repercussions of CBDCs, shed light on consumer behavior in the context of innovative agricultural technologies, and unravel the intricate dynamics of unemployment insurance programs on labor market outcomes. The findings contribute to informed policymaking in navigating the complexities of a rapidly evolving economic landscape.
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Details
- Title
- Essays on Central Bank Digital Money and Public Policies
- Creators
- Andre Dorado Murray
- Contributors
- Jinhui Bai (Chair)Rosa K Gallardo (Committee Member)Benjamin Cowan (Committee Member)
- Awarding Institution
- Washington State University
- Academic Unit
- Economic Sciences, School of
- Theses and Dissertations
- Doctor of Philosophy (PhD), Washington State University
- Publisher
- Washington State University
- Number of pages
- 133
- Identifiers
- 99901121131501842
- Language
- English
- Resource Type
- Dissertation