Details about Willi Semmler, Sr.

Access statistics for papers by Willi Semmler, Sr..

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Short-id: pse120

Working Papers

2009

1. After Hubris, Smoke and Mirrors, The Downward Spiral: Financial and real markets pull each other down; how can policy reverse this?
   SCEPA Working Papers, Schwartz Center for Economic Policy Analysis (SCEPA), The New School
2. Asset Markets and Monetary Policy
   Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney
3. Currency Runs, International Reserves Management and Optimal Monetary Policy Rules
   IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
4. Economic Growth and Climate Change: Cap-And-Trade or Emission Tax?
   SCEPA Working Papers, Schwartz Center for Economic Policy Analysis (SCEPA), The New School
5. Growth and Climate Change: Threshold and Multiple Equilibria
   SCEPA Working Papers, Schwartz Center for Economic Policy Analysis (SCEPA), The New School
6. Overconsumption, Credit Rationing and Bailout Monetary Policy: A Minskyan Perspective
   IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute

2007

7. East German Unemployment from a Macroeconomic Perspective
   Darmstadt Discussion Papers in Economics, Institut für Volkswirtschaftslehre (Department of Economics), Technische Universität Darmstadt (Darmstadt University of Technology)
8. Fiscal policy, public expenditure composition, and growth theory and empirics
   Policy Research Working Paper Series, The World Bank
9. Intertemporal Investment Strategies under Inflation Risk
   Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney
10. Productivity and Unemployment in the Short and Long Run
    SCEPA Working Papers, Schwartz Center for Economic Policy Analysis (SCEPA), The New School

2006

11. Comparing Accuracy of Second Order Approximation and Dynamic Programming
    Computing in Economics and Finance 2006, Society for Computational Economics
    See also Journal Article in Computational Economics (2007)
12. Currency Crises and Monetary Policy in Economies with Partial Dollarisation of Liabilities
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute
    See also Journal Article in The IUP Journal of Journal of Monetary Economics (2008)
13. Disequilibrium Macroeconomic Dynamics, Income Distribution and Wage-Price Phillips Curves
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute View citations
14. Firm Value and Default Correlation
    Computing in Economics and Finance 2006, Society for Computational Economics
15. Hedging, Speculation, and Investment in Balance-Sheet Triggered Currency Crises
    Darmstadt Discussion Papers in Economics, Institut für Volkswirtschaftslehre (Department of Economics), Technische Universität Darmstadt (Darmstadt University of Technology)
    Also in Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney (2006)
    See also Journal Article in Australian Economic Papers (2007)
16. Keynesian Macrodynamics and the Phillips Curve. An Estimated Baseline Macromodel for the U.S. Economy
    Working Paper Series, School of Finance and Economics, University of Technology, Sydney View citations
17. Quantifying the impact of structural reforms
    Working Paper Series, European Central Bank View citations
18. Transitioning out of Poverty
    Computing in Economics and Finance 2006, Society for Computational Economics

2005

19. Asset Pricing and Loss Aversion
    Computing in Economics and Finance 2005, Society for Computational Economics View citations
20. Corporate Currency Hedging and Currency Crises
    Darmstadt Discussion Papers in Economics, Institut für Volkswirtschaftslehre (Department of Economics), Technische Universität Darmstadt (Darmstadt University of Technology) View citations
21. Dominant Firms, Barriers to Entry Capital and Entry Dynamics
    Computing in Economics and Finance 2005, Society for Computational Economics
22. Keynesian Dynamics and the Wage-Price Spiral:Estimating and Analyzing a Baseline Disequilibrium Approach
    Computing in Economics and Finance 2005, Society for Computational Economics View citations
23. Testing Sustainability of German Fiscal Policy. Evidence for the Period 1960 – 2003
    CESifo Working Paper Series, CESifo Group Munich

2004

24. Asset Pricing with Delayed Consumption Decisions
    Computing in Economics and Finance 2004, Society for Computational Economics
25. Monetary policy with endogenous Nairu
    Computing in Economics and Finance 2004, Society for Computational Economics
26. The U.S. Phillips-curve by time scale using waveletsMarco
    Computing in Economics and Finance 2004, Society for Computational Economics

2003

27. Business Cycles, Wage Stickiness and Nonclearing Labor Market
    Computing in Economics and Finance 2003, Society for Computational Economics View citations
28. Output and the Term Structure of Interest Rates: Ways Out of th Jump-Variable Conundrum
    Working Paper Series, School of Finance and Economics, University of Technology, Sydney View citations
29. Real-Financial Interaction: Implications of Budget Equations and Capital Accumulation
    Working Paper Series, School of Finance and Economics, University of Technology, Sydney View citations
30. Solving Asset Pricing Models with Stochastic Dynamic Programming
    Computing in Economics and Finance 2003, Society for Computational Economics View citations

2002

31. Nonlinear Phillips Curves, Complex Dynamics and Monetary Policy in a Keynesian Macro Model
    Working Paper Series, School of Finance and Economics, University of Technology, Sydney View citations
32. Nonlinear Phillips Curves, the Emergence of Complex Dynamics and the Role of Monetary Policy Rules
    Computing in Economics and Finance 2002, Society for Computational Economics
33. Solving Ecological Mangement Problems Using Dynamic Programming
    Computing in Economics and Finance 2002, Society for Computational Economics
    See also Journal Article in Journal of Economic Behavior & Organization (2005)
34. Solving Stochastic Dynamic Optimization Models with Approximations: Some Experiments
    Computing in Economics and Finance 2002, Society for Computational Economics
35. Stability Analysis of a High-Dimensional Macrodynamic Model of Real-Financial Interaction: A Cascade of Matrices Approach
    Working Paper Series, School of Finance and Economics, University of Technology, Sydney View citations
36. Using Dynamic Programming with Adaptive Grid Scheme to Solve Nonlinear Dynamic Models in Economics
    Computing in Economics and Finance 2002, Society for Computational Economics

2001

37. Dynamic optimization and Skiba sets in economic examples
    Computing in Economics and Finance 2001, Society for Computational Economics View citations
38. History Dependence and Global Dynamics in Models with Multiple Equilibria
    Computing in Economics and Finance 2001, Society for Computational Economics View citations
39. Maximum Likelihood Estimations of SDE Dynamics Based on Discrete Time Data How well does the Euler Method Perform?
    CeNDEF Workshop Papers, January 2001, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
40. Output and Interest Rates. Jump Variable and Phase Diagram Switching Methodologies
    CeNDEF Workshop Papers, January 2001, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
41. Real-Financial Interaction: A Reconsideration of the Blanchard Model with a State-of-Market Dependent Reaction Coefficient
    Working Paper Series, School of Finance and Economics, University of Technology, Sydney View citations
42. Real-Financial Interaction: Integrating Supply Side Wage-Price Dynamics and the Stock Market
    Working Paper Series, School of Finance and Economics, University of Technology, Sydney
43. The Determinants of Stock Price Volatility: An Industry Study
    Open Discussion Papers in Economics, The Open University, Faculty of Social Sciences, Department of Economics

2000

44. LARGE NONPARAMETRIC ESTIMATION OF TIME VARYING CHARACTERISTICS OF INTERTEMPORAL ASSET PRICING MODELS
    Computing in Economics and Finance 2000, Society for Computational Economics
45. MONETARY POLICY, MULTIPLE EQUILIBRIA AND HYSTERESIS EFFECTS ON THE LABOR MARKET
    Computing in Economics and Finance 2000, Society for Computational Economics
46. Output, Financial Markets and Growth
    Working Paper Series, School of Finance and Economics, University of Technology, Sydney
47. Price Flexibility and Debt Dynamics in a High Order AS-AD Model
    Working Paper Series, School of Finance and Economics, University of Technology, Sydney View citations

1999

48. A Macroeconometric Study on the Labor Market and Monetary Policy: Germany and the EMU
    SCEPA Working Papers, Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations
49. Nonparametric Modeling of Stock Returns Constrained by a Model of the Financial-Real Interaction
    Computing in Economics and Finance 1999, Society for Computational Economics
50. The Macrodynamics of Debt Deflation
    SCEPA Working Papers, Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations
51. Towards Applied Disequilibrium Growth Theory: VI Substitution, Money-Holdings, Wealth-Effects and Further Extensions
    Working Paper Series, School of Finance and Economics, University of Technology, Sydney View citations
52. Towards Applied Disequilibrium Growth Theory: VII Intensive Form and Steady State Calculation in the Case of Substitution
    Working Paper Series, School of Finance and Economics, University of Technology, Sydney View citations

1998

53. A Keynesian Based Econometric Framework for Studying Monetary Policy Rules
    SCEPA Working Papers, Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations

Undated

54. Nonparametric Estimation of the Time-varying Sharpe Ratio in Dynamic Asset Pricing Models
    IEW - Working Papers, Institute for Empirical Research in Economics - IEW View citations
55. Statistical Estimation and Moment Evaluation of a Stochastic Growth Model with Asset Market
    Computing in Economics and Finance 1997, Society for Computational Economics
56. The Use of Extremal Vector Field Analysis to Study Debt Dynamics
    Computing in Economics and Finance 1997, Society for Computational Economics

Journal Articles

2008

1. ASSET PRICES, OUTPUT AND MONETARY POLICY IN A SMALL OPEN ECONOMY
   Metroeconomica, 2008, 59, (4), 666-686
2. Asset pricing with loss aversion
   Journal of Economic Dynamics and Control, 2008, 32, (10), 3253-3274 View citations
3. Currency Crises and Monetary Policy in Economies with Partial Dollarization of Liabilities
   The IUP Journal of Journal of Monetary Economics, 2008, VI, (3), 14-39
   See also Working Paper (2006)

2007

4. Asset price volatility and monetary policy rules: A dynamic model and empirical evidence
   Economic Modelling, 2007, 24, (3), 411-430
5. Asset pricing with dynamic programming
   Computational Economics, 2007, 29, (3), 233-265
6. Comparing accuracy of second-order approximation and dynamic programming
   Computational Economics, 2007, 30, (1), 65-91
   See also Working Paper (2006)
7. Debt sustainability in the European Monetary Union: Theory and empirical evidence for selected countries
   Oxford Economic Papers, 2007, 59, (2), 194-218 View citations
8. Estimating Beta-Coefficients of German Stock Data: A Non-Parametric Approach
   European Journal of Finance, 2007, 13, (6), 503-522
9. HEDGING, SPECULATION, AND INVESTMENT IN BALANCE-SHEET TRIGGERED CURRENCY CRISES *
   Australian Economic Papers, 2007, 46, (3), 224-233
   See also Working Paper (2006)
10. Intertemporal asset allocation when the underlying factors are unobservable
    Computational Economics, 2007, 29, (3), 383-418
11. Introduction
    Computational Economics, 2007, 29, (3), 229-232 View citations
12. On poverty traps, thresholds and take-offs
    Structural Change and Economic Dynamics, 2007, 18, (1), 1-26
13. TESTING WAGE AND PRICE PHILLIPS CURVES FOR THE UNITED STATES
    Metroeconomica, 2007, 58, (4), 550-581 View citations

2006

14. REVIEW
    Challenge, 2006, 49, (1), 119-129
15. Testing the sustainability of German fiscal policy: evidence for the period 1960–2003
    Empirica, 2006, 33, (2), 127-140

2005

16. Creditworthiness and thresholds in a credit market model with multiple equilibria
    Economic Theory, 2005, 25, (2), 287-315 View citations
17. Economic growth and global warming: A model of multiple equilibria and thresholds
    Journal of Economic Behavior & Organization, 2005, 57, (4), 430-447
18. Introduction
    Journal of Economic Behavior & Organization, 2005, 57, (1), 381-389
19. Keynesian Dynamics and the Wage-Price Spiral: Analyzing and Estimating a Baseline Disequilibrium Model
    The IUP Journal of Journal of Monetary Economics, 2005, III, (3), 6 - 49 View citations
20. MONETARY POLICY RULES UNDER UNCERTAINTY: EMPIRICAL EVIDENCE, ADAPTIVE LEARNING, AND ROBUST CONTROL
    Macroeconomic Dynamics, 2005, 9, (05), 651-681 View citations
21. Solving ecological management problems using dynamic programming
    Journal of Economic Behavior & Organization, 2005, 57, (4), 448-473 View citations
    See also Working Paper (2002)

2004

22. Credit risk and sustainable debt: a model and estimations of why the Euro is stable in the long-run
    Economic Modelling, 2004, 21, (6), 1145-1160 View citations
23. Economic growth, skill-biased technical change and wage inequality: A model and estimations for the US and Europe
    Journal of Macroeconomics, 2004, 26, (4), 597-621 View citations
24. Endogenous Growth: Estimating the Romer Model for the US and Germany
    Oxford Bulletin of Economics and Statistics, 2004, 66, (2), 147-164 View citations
25. Monetary and Fiscal Policy Interactions in the Euro Area
    Empirica, 2004, 31, (2), 205-227 View citations
    Also in Economic Change and Restructuring, 2004, 31, (2), 205-227 (2004) View citations
26. The Uzawa-Lucas model without scale effects: theory and empirical evidence
    Structural Change and Economic Dynamics, 2004, 15, (4), 401-420 View citations
27. Using dynamic programming with adaptive grid scheme for optimal control problems in economics
    Journal of Economic Dynamics and Control, 2004, 28, (12), 2427-2456 View citations

2002

28. Externalities of investment, education and economic growth
    Economic Modelling, 2002, 19, (5), 709-724 View citations
29. Monetary policy in the euro area: Was it too tight in the 1990s?
    Atlantic Economic Journal, 2002, 30, (3), 283-297 View citations
30. Stock Market, Interest Rate and Output: A Model and Estimation for US Time Series Data
    Studies in Nonlinear Dynamics & Econometrics, 2002, 6, (1) View citations

2001

31. A Keynesian macroeconometric framework for the analysis of monetary policy rules
    Journal of Economic Behavior & Organization, 2001, 46, (1), 101-136 View citations
32. Externalities of investment and endogenous growth: theory and time series evidence
    Structural Change and Economic Dynamics, 2001, 12, (3), 295-310
33. Growth Effects of Fiscal Policy and Debt Sustainability in the EU
    Empirica, 2001, 28, (1), 3-19
34. Statistical estimation and moment evaluation of a stochastic growth model with asset market restrictions
    Journal of Economic Behavior & Organization, 2001, 44, (1), 85-103 View citations

2000

35. Critical debt and debt dynamics
    Journal of Economic Dynamics and Control, 2000, 24, (5-7), 1121-1144 View citations
36. Endogenous Growth, Government Debt and Budgetary Regimes
    Journal of Macroeconomics, 2000, 22, (3), 363-384 View citations

1999

37. Market share instability and stock price volatility during the industry life-cycle: the US automobile industry
    Journal of Evolutionary Economics, 1999, 9, (1), 67-96 View citations

1998

38. Endogenous growth and the balanced growth equilibrium
    Research in Economics, 1998, 52, (2), 189-212 View citations

1996

39. Estimating parameters of real business cycle models
    Journal of Economic Behavior & Organization, 1996, 30, (3), 301-325 View citations
40. Multiple steady states, indeterminacy, and cycles in a basic model of endogenous growth
    Journal of Economics, 1996, 63, (1), 79-99 View citations
41. Saddle Path Stability, Fluctuations, and Indeterminacy in Economic Growth
    Studies in Nonlinear Dynamics & Econometrics, 1996, 1, (2) View citations

1995

42. Growth and finance: An intertemporal model
    Journal of Macroeconomics, 1995, 17, (4), 623-649 View citations
43. Solving Nonlinear Dynamic Models by Iterative Dynamic Programming
    Computational Economics, 1995, 8, (2), 127-54

1994

44. Information, Innovation and Diffusion of Technology
    Journal of Evolutionary Economics, 1994, 4, (1), 45-58
45. On the optimal exploitation of interacting resources
    Journal of Economics, 1994, 59, (1), 23-49 View citations
46. On the optimal regulation of an extractive industry
    Journal of Economics and Business, 1994, 46, (5), 409-420

1993

47. Nonlinear liquidity-growth dynamics with corridor-stability
    Journal of Economic Behavior & Organization, 1993, 22, (2), 189-208

1987

48. A macroeconomic limit cycle with financial perturbations
    Journal of Economic Behavior & Organization, 1987, 8, (3), 469-495 View citations
49. Classical and Neoclassical Competitive Adjustment Processes
    The Manchester School of Economic & Social Studies, 1987, 55, (1), 13-37 View citations

1986

50. On nonlinear theories of economic cycles and the persistence of business cycles
    Mathematical Social Sciences, 1986, 12, (1), 47-76

1984

51. On the Classical Theory of Competition, Value and Prices of Production
    Australian Economic Papers, 1984, 23, (42), 130-50