Alexander Czarnota defended his thesis on 26 September
Alexander Czarnota defended his thesis on 26 September.
Alexander Czarnotas successfully defended his thesis On Monetary Policy, Prices, and Uncertainty on September 26.
Alexander Czarnota at his defense.
About the thesis
Alexander Czarnota’s dissertation, On Monetary Policy, Prices, and Uncertainty, examines how monetary policy and uncertainty shape firm behavior, price-setting, and business cycle dynamics.
The first paper studies how foreign monetary policy affects Swedish firms through international trade. It shows that Swedish firms with higher exports to the euro area raise domestic prices when euro area monetary policy tightens, reflecting stronger demand for Swedish goods.
The second paper investigates how Swedish firms adjust prices in response to domestic monetary policy. The study finds that domestic monetary policy causes significant price changes, with large firms adjusting more than small ones, highlighting the role of financial constraints in price-setting.
The third paper uses an economic model to show that financial uncertainty strongly drives recessions and business cycle fluctuations, while macroeconomic uncertainty has only a minor effect.
About the defense
The opponent at the public defense was Professor Gisle Natvik from Norwegian Business School. The grading committee consisted of Johan Lyhagen from Uppsala University, Daria Finocchiaro from Sveriges Riksbank and Mikael Carlsson from Uppsala University. The supervisors were Karl Walentin and Christoph Hedtrich, both from Uppsala University.