Details about Stephen McKnight

Access statistics for papers by Stephen McKnight.

Last updated 2025-03-13. Update your information in the RePEc Author Service.

Short-id: pmc124

Working Papers

2025

1. Bounded Rationality and Macroeconomic (In)Stability
   Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos

2024

2. Understanding Emerging Market Business Cycles
   Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos

2021

3. Endogenous Fluctuations and International Business Cycles
   Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos
   Also in Working Papers, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol (2016)
   Working Papers, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol (2015)
   Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos (2016)
   See also Journal Article Endogenous fluctuations and international business cycles, Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons (2022) (2022)
4. Limited Asset Market Participation and Monetary Policy in a Small Open Economy
   School of Economics Discussion Papers, School of Economics, University of Surrey
   See also Journal Article Limited asset market participation and monetary policy in a small open economy, Journal of Economic Dynamics and Control, Elsevier (2025) (2025)

2018

5. NKPC-Based Inflation Forecasts with a Time-Varying Trend
   Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos
   Also in Economics Discussion Papers, Department of Economics, University of Reading (2014)
   See also Journal Article Inflation forecasting using the New Keynesian Phillips Curve with a time-varying trend, Economic Modelling, Elsevier (2020) View citations (8) (2020)

2016

6. Investment and forward-looking monetary policy: A Wicksellian solution to the problem of indeterminacy
   Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos
   See also Journal Article INVESTMENT AND FORWARD-LOOKING MONETARY POLICY: A WICKSELLIAN SOLUTION TO THE PROBLEM OF INDETERMINACY, Macroeconomic Dynamics, Cambridge University Press (2018) View citations (4) (2018)
7. What Do Latin American Inflation Targeters Care About? A Comparative Bayesian Estimation of Central Bank Preferences
   Economics Discussion Papers, Department of Economics, University of Reading View citations (3)
   Also in Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos (2016) View citations (3)
   See also Journal Article What do Latin American inflation targeters care about? A comparative Bayesian estimation of central bank preferences, Journal of Macroeconomics, Elsevier (2020) View citations (2) (2020)

2015

8. Are consumption taxes preferable to income taxes in preventing macroeconomic instability?
   Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos View citations (2)
   See also Journal Article ARE CONSUMPTION TAXES PREFERABLE TO INCOME TAXES FOR PREVENTING MACROECONOMIC INSTABILITY?, Macroeconomic Dynamics, Cambridge University Press (2017) View citations (1) (2017)

2012

9. Do real balance effects invalidate the Taylor principle in closed and open economies?
   Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos View citations (1)
   See also Journal Article Do Real Balance Effects Invalidate the Taylor Principle in Closed and Open Economies?, Economica, London School of Economics and Political Science (2015) View citations (12) (2015)

2011

10. Investment and interest rate policy in the open economy
    Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos View citations (1)
    Also in Economics Discussion Papers, Department of Economics, University of Reading (2007) View citations (3)
    Economic Analysis Research Group Working Papers, Henley Business School, University of Reading (2007) View citations (2)
    See also Journal Article Investment and interest rate policy in the open economy, Oxford Economic Papers, Oxford University Press (2011) View citations (1) (2011)
11. Real indeterminacy and the timing of money in open economies
    Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos View citations (3)
    Also in Economics Discussion Papers, Department of Economics, University of Reading (2007) View citations (8)
    Economic Analysis Research Group Working Papers, Henley Business School, University of Reading (2007) View citations (7)

2007

12. Re-examining the Importance of Trade Openness for Aggregate Instability
    Economic Analysis Research Group Working Papers, Henley Business School, University of Reading View citations (7)
    Also in Economics Discussion Papers, Department of Economics, University of Reading (2007) View citations (7)

2006

13. Can we identify the relative price between consumption and investment?
    Economics Discussion Papers, University of Essex, Department of Economics

Journal Articles

2025

1. Limited asset market participation and monetary policy in a small open economy
   Journal of Economic Dynamics and Control, 2025, 173, (C)
   See also Working Paper Limited Asset Market Participation and Monetary Policy in a Small Open Economy, School of Economics Discussion Papers (2021) (2021)

2022

2. Endogenous fluctuations and international business cycles
   Canadian Journal of Economics/Revue canadienne d'économique, 2022, 55, (1), 312-348
   See also Working Paper Endogenous Fluctuations and International Business Cycles, Serie documentos de trabajo del Centro de Estudios Económicos (2021) (2021)
3. Laffer curves in emerging market economies: The role of informality
   Journal of Macroeconomics, 2022, 72, (C)

2020

4. Inflation forecasting using the New Keynesian Phillips Curve with a time-varying trend
   Economic Modelling, 2020, 87, (C), 383-393 View citations (8)
   See also Working Paper NKPC-Based Inflation Forecasts with a Time-Varying Trend, Serie documentos de trabajo del Centro de Estudios Económicos (2018) (2018)
5. What do Latin American inflation targeters care about? A comparative Bayesian estimation of central bank preferences
   Journal of Macroeconomics, 2020, 63, (C) View citations (2)
   See also Working Paper What Do Latin American Inflation Targeters Care About? A Comparative Bayesian Estimation of Central Bank Preferences, Economics Discussion Papers (2016) View citations (3) (2016)

2018

6. INVESTMENT AND FORWARD-LOOKING MONETARY POLICY: A WICKSELLIAN SOLUTION TO THE PROBLEM OF INDETERMINACY
   Macroeconomic Dynamics, 2018, 22, (5), 1345-1369 View citations (4)
   See also Working Paper Investment and forward-looking monetary policy: A Wicksellian solution to the problem of indeterminacy, Serie documentos de trabajo del Centro de Estudios Económicos (2016) (2016)

2017

7. ARE CONSUMPTION TAXES PREFERABLE TO INCOME TAXES FOR PREVENTING MACROECONOMIC INSTABILITY?
   Macroeconomic Dynamics, 2017, 21, (4), 1023-1058 View citations (1)
   See also Working Paper Are consumption taxes preferable to income taxes in preventing macroeconomic instability?, Serie documentos de trabajo del Centro de Estudios Económicos (2015) View citations (2) (2015)

2015

8. Do Real Balance Effects Invalidate the Taylor Principle in Closed and Open Economies?
   Economica, 2015, 82, (328), 938-975 View citations (12)
   See also Working Paper Do real balance effects invalidate the Taylor principle in closed and open economies?, Serie documentos de trabajo del Centro de Estudios Económicos (2012) View citations (1) (2012)

2014

9. Is a monetary union feasible for Latin America? Evidence from real effective exchange rates and interest rate pass-through levels
   Estudios Económicos, 2014, 29, (2), 225-262

2011

10. Investment and interest rate policy in the open economy
    Oxford Economic Papers, 2011, 63, (4), 673-699 View citations (1)
    See also Working Paper Investment and interest rate policy in the open economy, Serie documentos de trabajo del Centro de Estudios Económicos (2011) View citations (1) (2011)
11. Should Central Banks Target Consumer or Producer Prices?
    International Finance, 2011, 14, (3), 445-479 View citations (1)