All Outputs (3)

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.