All Outputs (2)

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?.

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.