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?.

Monetary policy and exchange rates: A balanced two-country cointegrated var model approach (2017)
Journal Article
Heinlein, R., & Krolzig, H. M. (2019). Monetary policy and exchange rates: A balanced two-country cointegrated var model approach. Macroeconomic Dynamics, 23(5), 1838-1874. https://doi.org/10.1017/S1365100517000475

We study the exchange rate effects of monetary policy in a balanced macroeconometric two-country model for the United States and United Kingdom. In contrast to the empirical literature, which consistently treats the domestic and foreign countries une... Read More about Monetary policy and exchange rates: A balanced two-country cointegrated var model approach.

Industrial policy and exchange rate scepticism (2017)
Journal Article
Bresser-Pereira, L. C., & Rugitsky, F. (2018). Industrial policy and exchange rate scepticism. Cambridge Journal of Economics, 42(3), 617-632. https://doi.org/10.1093/cje/bex004

The aim of the present paper is to put in historical perspective the development thinking on the relationship between industrial and exchange rate policies. The first section focuses on the thought of the so-called pioneers of development economics,... Read More about Industrial policy and exchange rate scepticism.

Heterodox economics and theories of interactive agency (2017)
Book Chapter
Wrenn, M. (2017). Heterodox economics and theories of interactive agency. In T. Jo, L. Chester, & C. D’Ippoliti (Eds.), The Routledge Handbook of Heterodox Economics. Routledge

Agency is power—the power to act and the power to choose, the power to imagine, and the power to understand, engage, and manipulate the surrounding biological and social environment. Mainstream economics defines agency in terms of methodological indi... Read More about Heterodox economics and theories of interactive agency.

Modelling the sectoral allocation of labour in open economy models (2017)
Journal Article
Povoledo, L. (2017). Modelling the sectoral allocation of labour in open economy models. Canadian Journal of Economics / Revue Canadienne d'Économique, 50(3), 685-710. https://doi.org/10.1111/caje.12275

© 2017 Canadian Economics Association Indivisible labour is not the only type of non-convexity affecting labour supply decisions. Another type of non-convexity arises in economies with sectors whenever individuals can work in only one sector at a tim... Read More about Modelling the sectoral allocation of labour in open economy models.

Care and the Neoliberal Individual (2017)
Journal Article
Wrenn, M. V., & Waller, W. (2017). Care and the Neoliberal Individual. Journal of Economic Issues, 51(2), 495-502. https://doi.org/10.1080/00213624.2017.1321438

© 2017, Journal of Economic Issues / Association for Evolutionary Economics. Abstract: This article explores two conflicting ethical systems: neoliberalism and institutionalism. Neoliberalism’s foundations support an overarching ethic of individual a... Read More about Care and the Neoliberal Individual.