Crowding in during the Seven Years’ War (2022)
Working Paper
Sissoko, C., & Palma, N. Crowding in during the Seven Years’ War

We present a detailed study of the Seven Years’ War (1756–1763) using a new dataset based on the Bank of England minutes. We argue that the war and associated Bank of England actions led to a transformation of the financial system. Additionally, whil... Read More about Crowding in during the Seven Years’ War.

Oil and US stock market shocks: Implications for Canadian equities (2021)
Working Paper
Heinlein, R., & Mahadeo, S. Oil and US stock market shocks: Implications for Canadian equities

How the West India trade fostered last resort lending by the Bank of England (2021)
Working Paper
Sissoko, C., & Ishizu, M. How the West India trade fostered last resort lending by the Bank of England

How race and gender shape COVID-19 unemployment probability (2020)
Working Paper
Gezici, A., & Ozay, O. How race and gender shape COVID-19 unemployment probability

Using the April 2020 Current Population Survey (CPS) micro dataset, we explore the racialized and gendered effects of the COVID-19 pandemic on the probability of being unemployed. The distribution of job losses from COVID-19 for women and men or for... Read More about How race and gender shape COVID-19 unemployment probability.

Energy contagion in the COVID-19 crisis (2020)
Working Paper
Heinlein, R., Legrenzi, G., & Mahadeo, S. Energy contagion in the COVID-19 crisis

Contagion Testing in Embryonic Markets under Alternative Stressful US Market Scenarios (2019)
Working Paper
Mahadeo, S. M. R., Heinlein, R., & Legrenzi, G. D. Contagion Testing in Embryonic Markets under Alternative Stressful US Market Scenarios

Tracing the genesis of contagion in the oil-finance nexus (2019)
Working Paper
Mahadeo, S. M., Heinlein, R., & Legrenzi, G. D. Tracing the genesis of contagion in the oil-finance nexus

Industry concentration and technological progress in U.S. industries (2019)
Working Paper
Gezici, A. (2019). Industry concentration and technological progress in U.S. industries

This paper analyzes the impact of increasing concentration on the pace of technological progress in the U.S. economy. Since the beginning of the 2000s, the U.S. economy has been in a period of slower capital accumulation marked by lower aggregate pro... Read More about Industry concentration and technological progress in U.S. industries.

Connectedness between G10 Currencies: Searching for the Causal Structure (2019)
Working Paper
Bettendorf, T., & Heinlein, R. Connectedness between G10 Currencies: Searching for the Causal Structure

Endogenous fluctuations and international business cycles (2019)
Working Paper
McKnight, S., & Povoledo, L. Endogenous fluctuations and international business cycles

We introduce equilibrium indeterminacy into a two-country incomplete asset model with imperfect competition to analyze the role of self-fulfilling expectations or beliefs in explaining international business cycles. We show that when self-fulfilling... Read More about Endogenous fluctuations and international business cycles.

Can indeterminacy and self-fulfilling expectations solve the international macro puzzles? (2017)
Working Paper
McKnight, S., & Povoledo, L. Can indeterminacy and self-fulfilling expectations solve the international macro puzzles?

We introduce equilibrium indeterminacy into a two-country incomplete asset model with imperfect competition and analyze whether self-fulfilling expectations or beliefs can help resolve the major puzzles of international business cycles. We show that... Read More about Can indeterminacy and self-fulfilling expectations solve the international macro puzzles?.

Can indeterminacy and self-fulfilling expectations help explain international business cycles? A preliminary investigation (2015)
Working Paper
McKnight, S., & Povoledo, L. Can indeterminacy and self-fulfilling expectations help explain international business cycles? A preliminary investigation

We introduce equilibrium indeterminacy into a two-country incomplete asset model with imperfect competition and analyze whether self-fulfilling, belief-driven fluctuations (i.e., sunspot shocks) can help resolve the major puzzles of international bus... Read More about Can indeterminacy and self-fulfilling expectations help explain international business cycles? A preliminary investigation.

Symmetry and separability in two-country cointegrated VAR models: representation and testing (2013)
Working Paper
Krolzig, H., & Heinlein, R. Symmetry and separability in two-country cointegrated VAR models: representation and testing