Browsing FGV EESP - Textos para Discussão / Working Paper Series by Author "Machado, Caio Henrique"

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    • Demand expectations and the timing of stimulus policies 

      Guimarães, Bernardo de Vasconcellos; Machado, Caio Henrique
      2015-03-16
      This paper proposes a simple macroeconomic model with staggered investment decisions. The model captures the dynamic coordination problem arising from demand externalities and fixed costs of investment. In times of low ...

    • Dynamic coordination with timing frictions: theory and applications 

      Guimarães, Bernardo de Vasconcellos; Machado, Caio Henrique; Pereira, Ana Elisa Gonçalves
      2017
      We start by presenting the general model of dynamic coordination with timing frictions and some key theoretical results. We prove the model features a unique rationalizable equilibrium, present a method to solve the social ...