All Outputs (9)

Endogenous fluctuations and international business cycles (2022)
Journal Article

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 find that, when self-fulfilling... Read More about Endogenous fluctuations and international business cycles.

Endogenous fluctuations and international business cycles (2019)
Preprint / Working Paper

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.

Pricing behavior and the role of trade openness in the transmission of monetary shocks (2018)
Journal Article

© 2018 The empirical evidence on the role of trade openness in the monetary transmission is not conclusive: some studies find that it increases the sensitivity of output to monetary shocks, others find that it does not. Using a New Keynesian open eco... Read More about Pricing behavior and the role of trade openness in the transmission of monetary shocks.

Can indeterminacy and self-fulfilling expectations solve the international macro puzzles? (2017)
Preprint / Working Paper

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?.

Modelling the sectoral allocation of labour in open economy models (2017)
Journal Article

© 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.

Can indeterminacy and self-fulfilling expectations help explain international business cycles? A preliminary investigation (2015)
Preprint / Working Paper

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.

A note on the volatility of the tradeable and nontradeable sectors (2013)
Presentation / Conference Contribution

This note evaluates whether a New Open Economy model can reproduce qualitatively the observed fluctuations of the tradeable and nontradeable sectors of the U.S. economy. The answer is positive: both in the model and in the data, the standard deviatio... Read More about A note on the volatility of the tradeable and nontradeable sectors.

Can producer currency pricing models generate volatile real exchange rates? (2012)
Journal Article

If the elasticities of substitution between traded and nontraded and between Home and Foreign traded goods are sufficiently low, then the real exchange rate generated by a model with full producer currency pricing is as volatile as in the data. © 201... Read More about Can producer currency pricing models generate volatile real exchange rates?.

Does Asia’s choice of exchange rate regime affect Europe’s exposure to US shocks? (2011)
Journal Article

In this paper we use a stylised three-country model to analyse how the transmission of US shocks to Europe might be affected by Asia’s choice of exchange rate regime. We find that if Asia pegs her exchange rate to the dollar, the impact of US shocks... Read More about Does Asia’s choice of exchange rate regime affect Europe’s exposure to US shocks?.