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Endogenous fluctuations and international business cycles (2022)
Journal Article
McKnight, S., & Povoledo, L. (2022). Endogenous fluctuations and international business cycles. Canadian Journal of Economics / Revue Canadienne d'Économique, 55(1), 312-348. https://doi.org/10.1111/caje.12580

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.