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Details about Willi Semmler, Sr.

E-mail:
Homepage:http://www.newschool.edu/nssr/faculty/?id=4e54-6b79-4e41-3d3d
Phone:12122295717-3050
Postal address:Dept of Economics Graduate Faculty, New School 65 Fifth Ave, New York, NY 10003,
Workplace:Comparative Empirical Macroeconomics (CEM), Department of Economics, New School for Social Research, The New School, (more information at EDIRC)
Bernard Schwartz Center for Economic Policy Analysis (SCEPA), The New School, (more information at EDIRC)
Center for Empirical Macroeconomics, Fakultät für Wirtschaftswissenschaften (Faculty of Economics and Business Administration), Universität Bielefeld (University of Bielefeld), (more information at EDIRC)
International Institute for Applied Systems Analysis (IIASA), (more information at EDIRC)

Access statistics for papers by Willi Semmler, Sr..

Last updated 2018-03-24. Update your information in the RePEc Author Service.

Short-id: pse120


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Working Papers

2017

  1. Destabilizing effects of bank overleveraging on real activity - an analysis based on a threshold MCS-GVAR
    Working Paper Series, European Central Bank Downloads
  2. Financial Stress, Regime Switching and Spillover Effects: Evidence from a Multi-Regime Global VAR Model
    Working Papers, New School for Social Research, Department of Economics Downloads
  3. Inattention and pollution regulation policies
    wp.comunite, Department of Communication, University of Teramo Downloads
  4. Liquidity, Credit and Output: A Regime Change Model and Empirical Estimations
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (1)
  5. Mind the output gap: the disconnect of growth and inflation during recessions and convex Phillips curves in the euro area
    Working Paper Series, European Central Bank Downloads View citations (3)
  6. Re-Booting Europe: What kind of Fiscal Union - What kind of Social Union?
    Working Papers, New School for Social Research, Department of Economics Downloads

2016

  1. Debt deflation, financial market stress and regime change: Evidence from Europe using MRVAR
    ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research Downloads View citations (1)
    See also Journal Article in Journal of Economic Dynamics and Control (2017)
  2. Financing Climate Policies Through Climate Bonds
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads View citations (7)
  3. Investing to Mitigate and Adapt to Climate Change; A Framework Model
    IMF Working Papers, International Monetary Fund Downloads View citations (2)
  4. Macroeconomic Regimes, Technological Shocks and Employment Dynamics
    LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy Downloads
    Also in Sciences Po publications, Sciences Po (2016) Downloads
    Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE) (2016) Downloads

2015

  1. Escape routes from sovereign default risk in the euro area
    ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research Downloads
    See also Chapter (2015)
  2. Oil Price, Overleveraging, and Shakeout in the Shale Energy Sector: Game Changers in the Oil Industry
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads
    See also Journal Article in Economic Modelling (2016)
  3. The perils of debt deflation in the euro area: A multi regime model
    ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research Downloads View citations (1)
    See also Journal Article in Empirica (2016)

2014

  1. Economic Damages from Climate Change: A Review of Modeling Approaches
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads View citations (2)
  2. Financial Sector and Output Dynamics in the Euro Area: Non-linearities Reconsidered
    Annual Conference 2014 (Hamburg): Evidence-based Economic Policy, Verein für Socialpolitik / German Economic Association Downloads View citations (6)
    Also in SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School (2014) Downloads View citations (11)

    See also Journal Article in Journal of Macroeconomics (2015)
  3. Financial Stress, Sovereign Debt and Economic Activity in Industrialized Countries: Evidence from Dynamic Threshold Regressions
    Department of Economics Working Papers, Vienna University of Economics and Business, Department of Economics Downloads View citations (21)
    Also in Department of Economics Working Paper Series, WU Vienna University of Economics and Business (2014) Downloads View citations (19)
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School (2014) Downloads View citations (10)

    See also Journal Article in Journal of International Money and Finance (2014)
  4. Financial sector-output dynamics in the euro area: Non-linearities reconsidered
    ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research Downloads View citations (8)
    Also in ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research (2013) Downloads View citations (5)
  5. Overleveraging in the banking sector: Evidence from Europe
    ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research Downloads View citations (9)
  6. Overleveraging, financial fragility and the banking-macro link: Theory and empirical evidence
    ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research Downloads View citations (1)
    See also Journal Article in Macroeconomic Dynamics (2018)

2013

  1. Credit Driven Investment, Heterogeneous Labor Markets and Macroeconomic Dynamics
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (6)
    Also in Working Papers, New School for Social Research, Department of Economics (2013) Downloads

    See also Journal Article in Journal of Economic Interaction and Coordination (2015)
  2. Financial Stress, Sovereign Debt and Economic Activity in Industrialized Countries: Evidence from Nonlinear Dynamic Panels
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (5)
  3. Financial sector and output dynamics in the euro area countries
    ZEW policy briefs, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research Downloads View citations (3)
  4. Financial stress, regime switching and macrodynamics: Theory and empirics for the US, EU and non-EU countries
    Economics Discussion Papers, Kiel Institute for the World Economy (IfW) Downloads View citations (1)
  5. The Macroeconomics of Fiscal Austerity in Europe
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (2)
  6. The Real Consequences of Financial Stress
    SFB 649 Discussion Papers, Humboldt University, Collaborative Research Center 649 Downloads View citations (37)
    See also Journal Article in Journal of Economic Dynamics and Control (2013)
  7. The Role of Financial Stress in Debt and Recovery
    SCEPA policy note series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads
  8. Using Nonlinear Model Predictive Control for Dynamic Decision Problems in Economics
    EcoMod2013, EcoMod Downloads View citations (9)
    See also Journal Article in Journal of Economic Dynamics and Control (2015)

2012

  1. Are the current account imbalances between EMU countries sustainable?
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (4)
  2. Economic Growth and the Transition from Non-Renewable to Renewable Energy
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads View citations (1)
    See also Journal Article in Environment and Development Economics (2014)
  3. Estimating a Banking-Macro Model for Europe Using a Multi-Regime VAR
    EcoMod2012, EcoMod Downloads
  4. Financial Reform in the U.S.: A Critical Survey of Dodd-Frank and What is Needed for Europe
    IMK Studies, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (1)
  5. Part of the public skepticism towards the transition to renewable energy and implementing mitigation policies is caused by the fear of job losses. As studies have shown, however, this fear is unjustified. Public investment and public support of private investments in renewable energy is likely to generate high-skilled jobs, and a tax on carbon-intensive industries may have positive employment effects if high carbon-intensive sectors are reduced and low carbon-intensive industries and renewable energy are promoted at the same time
    SCEPA policy note series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads

2011

  1. Are Current Account Imbalances Between EMU Countries Sustainable? Evidence from Parametric and Non-Parametric Tests
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads
  2. Boom-Bust Cycles: Leveraging, Complex Securities, and Asset Prices
    DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade Downloads View citations (5)
    See also Journal Article in Journal of Economic Behavior & Organization (2012)
  3. The Instability of the Banking Sector and Macrodynamics: Theory and Empirics
    DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade Downloads View citations (2)

2009

  1. Asset Markets and Monetary Policy
    Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney Downloads View citations (4)
  2. Currency Runs, International Reserves Management and Optimal Monetary Policy Rules
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (1)
  3. Overconsumption, Credit Rationing and Bailout Monetary Policy: A Minskyan Perspective
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (17)
    See also Journal Article in European Journal of Economics and Economic Policies: Intervention (2009)
  4. The Economics of Climate Change
    SCEPA policy note series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads
  5. WP 2009-10 After Hubris, Smoke and Mirrors, The Downward Spiral: Financial and real markets pull each other down; how can policy reverse this?
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads
  6. WP 2009-4 Economic Growth and Climate Change: Cap-And-Trade or Emission Tax?
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads View citations (1)
  7. WP 2009-7 Growth and Climate Change: Threshold and Multiple Equilibria
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads

2007

  1. East German unemployment from a macroeconomic perspective
    Darmstadt Discussion Papers in Economics, Darmstadt University of Technology, Department of Law and Economics Downloads
  2. Fiscal policy, public expenditure composition, and growth theory and empirics
    Policy Research Working Paper Series, The World Bank Downloads View citations (8)
  3. Intertemporal Investment Strategies Under Inflation Risk
    Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney Downloads View citations (3)
  4. Productivity and Unemployment in the Short and Long Run
    SCEPA policy note series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads View citations (1)
  5. WP 2007-8 Productivity and Unemployment in the Short and Long Run
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads View citations (1)

2006

  1. Comparing Accuracy of Second Order Approximation and Dynamic Programming
    Computing in Economics and Finance 2006, Society for Computational Economics Downloads
    See also Journal Article in Computational Economics (2007)
  2. Currency Crises and Monetary Policy in Economies with Partial Dollarisation of Liabilities
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
    See also Journal Article in The IUP Journal of Monetary Economics (2008)
  3. Disequilibrium Macroeconomic Dynamics, Income Distribution and Wage-Price Phillips Curves
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (7)
  4. Firm Value and Default Correlation
    Computing in Economics and Finance 2006, Society for Computational Economics
  5. Hedging, Speculation, and Investment in Balance-Sheet Triggered Currency Crises
    Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney Downloads View citations (2)
    Also in Darmstadt Discussion Papers in Economics, Darmstadt University of Technology, Department of Law and Economics (2006) Downloads

    See also Journal Article in Australian Economic Papers (2007)
  6. Keynesian Macrodynamics and the Phillips Curve. An Estimated Baseline Macromodel for the U.S. Economy
    Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney Downloads View citations (22)
  7. Okun's Law and Jobless Growth
    SCEPA policy note series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads View citations (1)
    Also in MPRA Paper, University Library of Munich, Germany (2006) Downloads View citations (9)
  8. Quantifying the impact of structural reforms
    Working Paper Series, European Central Bank Downloads View citations (11)
  9. Transitioning out of Poverty
    Computing in Economics and Finance 2006, Society for Computational Economics
    See also Journal Article in Metroeconomica (2010)

2005

  1. Asset Pricing and Loss Aversion
    Computing in Economics and Finance 2005, Society for Computational Economics Downloads View citations (1)
  2. Corporate Currency Hedging and Currency Crises
    Darmstadt Discussion Papers in Economics, Darmstadt University of Technology, Department of Law and Economics Downloads View citations (1)
    See also Chapter (2009)
  3. Dominant Firms, Barriers to Entry Capital and Entry Dynamics
    Computing in Economics and Finance 2005, Society for Computational Economics Downloads
  4. Keynesian Dynamics and the Wage-Price Spiral:Estimating and Analyzing a Baseline Disequilibrium Approach
    Computing in Economics and Finance 2005, Society for Computational Economics Downloads View citations (3)
  5. Testing Sustainability of German Fiscal Policy. Evidence for the Period 1960 – 2003
    CESifo Working Paper Series, CESifo Group Munich Downloads View citations (7)

2004

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

2003

  1. Business Cycles, Wage Stickiness and Nonclearing Labor Market
    Computing in Economics and Finance 2003, Society for Computational Economics Downloads View citations (1)
  2. Output and the Term Structure of Interest Rates: Ways Out of th Jump-Variable Conundrum
    Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney Downloads View citations (1)
  3. Real-Financial Interaction: Implications of Budget Equations and Capital Accumulation
    Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney Downloads View citations (2)
  4. Solving Asset Pricing Models with Stochastic Dynamic Programming
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (4)

2002

  1. Nonlinear Phillips Curves, Complex Dynamics and Monetary Policy in a Keynesian Macro Model
    Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney Downloads View citations (14)
  2. 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 View citations (1)
  3. 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)
  4. Solving Stochastic Dynamic Optimization Models with Approximations: Some Experiments
    Computing in Economics and Finance 2002, Society for Computational Economics
  5. Stability Analysis of a High-Dimensional Macrodynamic Model of Real-Financial Interaction: A Cascade of Matrices Approach
    Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney Downloads View citations (6)
  6. Using Dynamic Programming with Adaptive Grid Scheme to Solve Nonlinear Dynamic Models in Economics
    Computing in Economics and Finance 2002, Society for Computational Economics View citations (1)

2001

  1. Dynamic optimization and Skiba sets in economic examples
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (4)
  2. History Dependence and Global Dynamics in Models with Multiple Equilibria
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (9)
  3. 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
  4. 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 View citations (1)
  5. Real-Financial Interaction: A Reconsideration of the Blanchard Model with a State-of-Market Dependent Reaction Coefficient
    Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney Downloads View citations (5)
  6. Real-Financial Interaction: Integrating Supply Side Wage-Price Dynamics and the Stock Market
    Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney Downloads
  7. 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

  1. LARGE NONPARAMETRIC ESTIMATION OF TIME VARYING CHARACTERISTICS OF INTERTEMPORAL ASSET PRICING MODELS
    Computing in Economics and Finance 2000, Society for Computational Economics View citations (1)
  2. MONETARY POLICY, MULTIPLE EQUILIBRIA AND HYSTERESIS EFFECTS ON THE LABOR MARKET
    Computing in Economics and Finance 2000, Society for Computational Economics
  3. Output, Financial Markets and Growth
    Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney Downloads
  4. Price Flexibility and Debt Dynamics in a High Order AS-AD Model
    Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney Downloads View citations (3)

1999

  1. A Macroeconometric Study on the Labor Market and Monetary Policy: Germany and the EMU
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads View citations (3)
  2. Nonparametric Modeling of Stock Returns Constrained by a Model of the Financial-Real Interaction
    Computing in Economics and Finance 1999, Society for Computational Economics
  3. The Macrodynamics of Debt Deflation
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads View citations (11)
    See also Chapter (2001)
  4. Towards Applied Disequilibrium Growth Theory: VI Substitution, Money-Holdings, Wealth-Effects and Further Extensions
    Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney Downloads View citations (7)
  5. Towards Applied Disequilibrium Growth Theory: VII Intensive Form and Steady State Calculation in the Case of Substitution
    Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney Downloads View citations (6)

1998

  1. A Keynesian Based Econometric Framework for Studying Monetary Policy Rules
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads View citations (6)

Undated

  1. Monetary Policy Rules with Nonlinear Philips Curve and Endogenous Nairu
    EcoMod2004, EcoMod Downloads View citations (5)
  2. Nonparametric Estimation of the Time-varying Sharpe Ratio in Dynamic Asset Pricing Models
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich Downloads View citations (6)
  3. Real Business Cycles with Disequilibrium in the Labor Market: A Comparison of the U.S. and German Economies
    EcoMod2002, EcoMod Downloads
  4. Statistical Estimation and Moment Evaluation of a Stochastic Growth Model with Asset Market
    Computing in Economics and Finance 1997, Society for Computational Economics Downloads View citations (2)
  5. The Use of Extremal Vector Field Analysis to Study Debt Dynamics
    Computing in Economics and Finance 1997, Society for Computational Economics Downloads View citations (1)

Journal Articles

2018

  1. OVERLEVERAGING, FINANCIAL FRAGILITY, AND THE BANKING–MACRO LINK: THEORY AND EMPIRICAL EVIDENCE
    Macroeconomic Dynamics, 2018, 22, (01), 4-32 Downloads
    See also Working Paper (2014)

2017

  1. Capital Markets Union and Monetary Policy Performance: Comes Financial Market Variety at a Cost?
    Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2017, 86, (2), 41-59 Downloads
  2. Current account imbalances: A new approach to assess external debt sustainability
    Economic Modelling, 2017, 62, (C), 161-170 Downloads View citations (1)
  3. Debt-deflation, financial market stress and regime change – Evidence from Europe using MRVAR
    Journal of Economic Dynamics and Control, 2017, 81, (C), 115-139 Downloads View citations (1)
    See also Working Paper (2016)
  4. Emerging markets’ resource booms and busts, borrowing risk and regime change
    Structural Change and Economic Dynamics, 2017, 41, (C), 29-42 Downloads
  5. Financing climate policies through climate bonds – A three stage model and empirics
    Research in International Business and Finance, 2017, 42, (C), 468-479 Downloads View citations (1)
  6. Long waves in prices: new evidence from wavelet analysis
    Cliometrica, 2017, 11, (1), 127-151 Downloads View citations (2)

2016

  1. A Stochastic Model of Dynamic Consumption and Portfolio Decisions
    Computational Economics, 2016, 48, (2), 225-251 Downloads
  2. Banking Overleveraging and Macro Instability: A Model and VSTAR Estimations
    Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2016, 236, (6), 609-638 Downloads
  3. Interaction of Labour and Credit Market in Growth Regimes: A Theoretical and Empirical Analysis
    Economic Notes, 2016, 45, (3), 393-422 Downloads View citations (1)
  4. Macroeconomic variables and the sovereign risk premia in EMU, non-EMU EU, and developed countries
    Empirica, 2016, 43, (1), 1-35 Downloads
    Also in Empirica, 2016, 43, (1), 1-35 (2016) Downloads
  5. Oil price, overleveraging and shakeout in the shale energy sector — Game changers in the oil industry
    Economic Modelling, 2016, 54, (C), 244-259 Downloads
    See also Working Paper (2015)
  6. Productivity and unemployment: a scale-by-scale panel data analysis for the G7 countries
    Studies in Nonlinear Dynamics & Econometrics, 2016, 20, (4), 477-493 Downloads
  7. The perils of debt deflation in the Euro area: a multi regime model
    Empirica, 2016, 43, (2), 257-278 Downloads
    See also Working Paper (2015)

2015

  1. Credit-driven investment, heterogeneous labor markets and macroeconomic dynamics
    Journal of Economic Interaction and Coordination, 2015, 10, (1), 163-181 Downloads View citations (1)
    See also Working Paper (2013)
  2. Financial sector and output dynamics in the euro area: Non-linearities reconsidered
    Journal of Macroeconomics, 2015, 46, (C), 235-263 Downloads View citations (12)
    See also Working Paper (2014)
  3. Monetary Policy and International Reserves: Empirical Evidence from East Asian Countries
    International Journal of Finance & Economics, 2015, 20, (3), 191-205 Downloads View citations (1)
  4. Using nonlinear model predictive control for dynamic decision problems in economics
    Journal of Economic Dynamics and Control, 2015, 60, (C), 112-133 Downloads View citations (16)
    See also Working Paper (2013)

2014

  1. Economic growth and the transition from non-renewable to renewable energy
    Environment and Development Economics, 2014, 19, (04), 417-439 Downloads View citations (4)
    See also Working Paper (2012)
  2. Financial stress, regime switching and macrodynamics: Theory and empirics for the US, the EU and non-EU countries
    Economics - The Open-Access, Open-Assessment E-Journal, 2014, 8, 1-42 Downloads View citations (7)
  3. Financial stress, sovereign debt and economic activity in industrialized countries: Evidence from dynamic threshold regressions
    Journal of International Money and Finance, 2014, 45, (C), 17-37 Downloads View citations (18)
    See also Working Paper (2014)
  4. Interest rate spreads and output: A time scale decomposition analysis using wavelets
    Computational Statistics & Data Analysis, 2014, 76, (C), 283-290 Downloads View citations (9)
  5. Time scales and mechanisms of economic cycles: a review of theories of long waves
    Review of Keynesian Economics, 2014, 2, (1), 87-107 Downloads View citations (10)
  6. Trends in the extraction of non-renewable resources: The case of fossil energy
    Economic Modelling, 2014, 37, (C), 271-279 Downloads View citations (3)

2013

  1. ARE THE CURRENT ACCOUNT IMBALANCES BETWEEN EMU COUNTRIES SUSTAINABLE? EVIDENCE FROM PARAMETRIC AND NON‐PARAMETRIC TESTS
    Journal of Applied Econometrics, 2013, 28, (7), 1179-1204 Downloads View citations (24)
  2. Makroökonomische Effekte der Haushaltskonsolidierung in der Europäischen Union
    Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2013, 82, (4), 163-180 Downloads
  3. Nachhaltige europäische Konsolidierungspolitik - Chancen und Herausforderungen: Editorial
    Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2013, 82, (4), 5-13 Downloads
  4. The real consequences of financial stress
    Journal of Economic Dynamics and Control, 2013, 37, (8), 1479-1499 Downloads View citations (38)
    See also Working Paper (2013)

2012

  1. An Economic Model of Oil Exploration and Extraction
    Computational Economics, 2012, 40, (4), 387-399 Downloads View citations (1)
  2. Boom–bust cycles: Leveraging, complex securities, and asset prices
    Journal of Economic Behavior & Organization, 2012, 81, (2), 442-465 Downloads View citations (10)
    See also Working Paper (2011)
  3. Macroeconomic Stabilization Policies in Intrinsically Unstable Macroeconomies
    Studies in Nonlinear Dynamics & Econometrics, 2012, 16, (2), 1-38 Downloads
  4. PONZI FINANCE AND THE HEDGE FUND INDUSTRY
    Advances in Complex Systems (ACS), 2012, 15, (supp0), 1-25 Downloads
  5. Regime dependence of the fiscal multiplier
    Journal of Economic Behavior & Organization, 2012, 83, (3), 502-522 Downloads View citations (40)

2011

  1. Filtering Time Series with Penalized Splines
    Studies in Nonlinear Dynamics & Econometrics, 2011, 15, (2), 1-28 Downloads View citations (7)
  2. STOCK‐FLOW INTERACTIONS, DISEQUILIBRIUM MACROECONOMICS AND THE ROLE OF ECONOMIC POLICY
    Journal of Economic Surveys, 2011, 25, (3), 569-599 View citations (3)
  3. The US Wage Phillips Curve across Frequencies and over Time
    Oxford Bulletin of Economics and Statistics, 2011, 73, (4), 489-508 View citations (52)

2010

  1. Global dynamics in a model with search and matching in labor and capital markets
    Journal of Economic Dynamics and Control, 2010, 34, (9), 1651-1679 Downloads View citations (16)
  2. Instrumental variables and wavelet decompositions
    Economic Modelling, 2010, 27, (6), 1498-1513 Downloads View citations (7)
  3. Introduction to the special issue: Computational perspectives in economics and finance: Methods, dynamic analysis and policy modeling
    Journal of Economic Dynamics and Control, 2010, 34, (9), 1529-1530 Downloads View citations (1)
  4. TRANSITIONING OUT OF POVERTY
    Metroeconomica, 2010, 61, (1), 68-95 Downloads
    See also Working Paper (2006)

2009

  1. Overconsumption, credit rationing and bailout monetary policy: A Minskyan perspective
    European Journal of Economics and Economic Policies: Intervention, 2009, 6, (2), 247-270 Downloads View citations (16)
    See also Working Paper (2009)
  2. Prospect theory for stock markets: Empirical evidence with time-series data
    Journal of Economic Behavior & Organization, 2009, 72, (3), 835-849 Downloads View citations (11)
  3. The US Wage Phillips Curve over Different Time Horizons
    Giornale degli Economisti, 2009, 68, (2), 113-148 View citations (1)

2008

  1. ASSET PRICES, OUTPUT AND MONETARY POLICY IN A SMALL OPEN ECONOMY
    Metroeconomica, 2008, 59, (4), 666-686 Downloads View citations (7)
  2. Asset pricing with loss aversion
    Journal of Economic Dynamics and Control, 2008, 32, (10), 3253-3274 Downloads View citations (18)
  3. Currency Crises and Monetary Policy in Economies with Partial Dollarization of Liabilities
    The IUP Journal of Monetary Economics, 2008, VI, (3), 14-39 View citations (1)
    See also Working Paper (2006)

2007

  1. Asset price volatility and monetary policy rules: A dynamic model and empirical evidence
    Economic Modelling, 2007, 24, (3), 411-430 Downloads View citations (10)
  2. Asset pricing with dynamic programming
    Computational Economics, 2007, 29, (3), 233-265 Downloads View citations (3)
  3. Comparing accuracy of second-order approximation and dynamic programming
    Computational Economics, 2007, 30, (1), 65-91 Downloads View citations (6)
    See also Working Paper (2006)
  4. Debt sustainability in the European Monetary Union: Theory and empirical evidence for selected countries
    Oxford Economic Papers, 2007, 59, (2), 194-218 Downloads View citations (47)
  5. Estimating Beta-Coefficients of German Stock Data: A Non-Parametric Approach
    The European Journal of Finance, 2007, 13, (6), 503-522 Downloads View citations (4)
  6. HEDGING, SPECULATION, AND INVESTMENT IN BALANCE-SHEET TRIGGERED CURRENCY CRISES *
    Australian Economic Papers, 2007, 46, (3), 224-233 Downloads View citations (2)
    See also Working Paper (2006)
  7. Intertemporal asset allocation when the underlying factors are unobservable
    Computational Economics, 2007, 29, (3), 383-418 Downloads
  8. Introduction
    Computational Economics, 2007, 29, (3), 229-232 Downloads
  9. On poverty traps, thresholds and take-offs
    Structural Change and Economic Dynamics, 2007, 18, (1), 1-26 Downloads View citations (4)
  10. TESTING WAGE AND PRICE PHILLIPS CURVES FOR THE UNITED STATES
    Metroeconomica, 2007, 58, (4), 550-581 Downloads View citations (21)

2006

  1. REVIEW
    Challenge, 2006, 49, (1), 119-129 Downloads
  2. Testing the sustainability of German fiscal policy: evidence for the period 1960–2003
    Empirica, 2006, 33, (2), 127-140 Downloads View citations (12)
  3. The feedback channels in macroeconomics: analytical foundations for structural econometric model building
    Central European Journal of Operations Research, 2006, 14, (3), 261-288 Downloads

2005

  1. Creditworthiness and thresholds in a credit market model with multiple equilibria
    Economic Theory, 2005, 25, (2), 287-315 Downloads View citations (7)
  2. Economic growth and global warming: A model of multiple equilibria and thresholds
    Journal of Economic Behavior & Organization, 2005, 57, (4), 430-447 Downloads View citations (5)
  3. Introduction
    Journal of Economic Behavior & Organization, 2005, 57, (1), 381-389 Downloads
  4. Keynesian Dynamics and the Wage-Price Spiral: Analyzing and Estimating a Baseline Disequilibrium Model
    The IUP Journal of Monetary Economics, 2005, III, (3), 6 - 49 View citations (2)
  5. MONETARY POLICY RULES UNDER UNCERTAINTY: EMPIRICAL EVIDENCE, ADAPTIVE LEARNING, AND ROBUST CONTROL
    Macroeconomic Dynamics, 2005, 9, (05), 651-681 Downloads View citations (8)
  6. Solving ecological management problems using dynamic programming
    Journal of Economic Behavior & Organization, 2005, 57, (4), 448-473 Downloads View citations (3)
    See also Working Paper (2002)

2004

  1. 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 Downloads View citations (1)
  2. 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 Downloads View citations (22)
  3. Endogenous Growth: Estimating the Romer Model for the US and Germany
    Oxford Bulletin of Economics and Statistics, 2004, 66, (2), 147-164 Downloads View citations (13)
  4. Monetary and Fiscal Policy Interactions in the Euro Area
    Economic Change and Restructuring, 2004, 31, (2), 205-227 Downloads View citations (2)
    Also in Empirica, 2004, 31, (2), 205-227 (2004) Downloads View citations (2)
  5. The Uzawa-Lucas model without scale effects: theory and empirical evidence
    Structural Change and Economic Dynamics, 2004, 15, (4), 401-420 Downloads View citations (15)
  6. Using dynamic programming with adaptive grid scheme for optimal control problems in economics
    Journal of Economic Dynamics and Control, 2004, 28, (12), 2427-2456 Downloads View citations (36)

2003

  1. Book Reviews
    Journal of Economics, 2003, 78, (1), 96-104 Downloads
  2. Monetary Policy, Currency Unions and Open Economy Macrodynamics
    Bulletin of the Czech Econometric Society, 2003, 10, (19) Downloads View citations (3)

2002

  1. Externalities of investment, education and economic growth
    Economic Modelling, 2002, 19, (5), 709-724 Downloads View citations (11)
  2. Monetary policy in the euro area: Was it too tight in the 1990s?
    Atlantic Economic Journal, 2002, 30, (3), 283-297 Downloads
  3. Stock Market, Interest Rate and Output: A Model and Estimation for US Time Series Data
    Studies in Nonlinear Dynamics & Econometrics, 2002, 6, (1), 1-39 Downloads View citations (6)

2001

  1. A Keynesian macroeconometric framework for the analysis of monetary policy rules
    Journal of Economic Behavior & Organization, 2001, 46, (1), 101-136 Downloads View citations (21)
  2. Externalities of investment and endogenous growth: theory and time series evidence
    Structural Change and Economic Dynamics, 2001, 12, (3), 295-310 Downloads
  3. Growth Effects of Fiscal Policy and Debt Sustainability in the EU
    Empirica, 2001, 28, (1), 3-19 Downloads View citations (3)
  4. Output, Interest and the Stock Market: An Alternative to the Jump Variable Technique
    Bulletin of the Czech Econometric Society, 2001, 8, (13) Downloads View citations (2)
  5. Statistical estimation and moment evaluation of a stochastic growth model with asset market restrictions
    Journal of Economic Behavior & Organization, 2001, 44, (1), 85-103 Downloads View citations (4)
  6. The Maastricht Criteria and Sustainability of German Fiscal Policy[The author]
    Annals of Public and Cooperative Economics, 2001, 72, (2), 271-284 Downloads

2000

  1. Critical debt and debt dynamics
    Journal of Economic Dynamics and Control, 2000, 24, (5-7), 1121-1144 Downloads View citations (11)
  2. Endogenous Growth, Government Debt and Budgetary Regimes
    Journal of Macroeconomics, 2000, 22, (3), 363-384 Downloads View citations (60)

1999

  1. An Inquiry into the Sustainability of German Fiscal Policy: Some Time-Series Tests
    Public Finance Review, 1999, 27, (2), 220-236 Downloads View citations (21)
  2. An endogenous growth model with public capitaland government borrowing
    Annals of Operations Research, 1999, 88, 65-79 Downloads View citations (11)
  3. Bond Rate, Loan Rate and Tobin's q in a Temporary Equilibrium Model of the Financial Sector
    Metroeconomica, 1999, 50, (3), 351-385 Downloads View citations (9)
  4. 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 Downloads View citations (6)

1998

  1. Endogenous growth and the balanced growth equilibrium
    Research in Economics, 1998, 52, (2), 189-212 Downloads View citations (5)
  2. Marx’s Value
    International Journal of Political Economy, 1998, 28, (3), 84-96 Downloads

1996

  1. Estimating parameters of real business cycle models
    Journal of Economic Behavior & Organization, 1996, 30, (3), 301-325 Downloads View citations (4)
  2. Multiple steady states, indeterminacy, and cycles in a basic model of endogenous growth
    Journal of Economics, 1996, 63, (1), 79-99 Downloads View citations (15)
  3. Saddle Path Stability, Fluctuations, and Indeterminacy in Economic Growth
    Studies in Nonlinear Dynamics & Econometrics, 1996, 1, (2), 1-16 Downloads View citations (4)

1995

  1. Growth and finance: An intertemporal model
    Journal of Macroeconomics, 1995, 17, (4), 623-649 Downloads View citations (15)
  2. Solving Nonlinear Dynamic Models by Iterative Dynamic Programming
    Computational Economics, 1995, 8, (2), 127-54 View citations (1)

1994

  1. Information, Innovation and Diffusion of Technology
    Journal of Evolutionary Economics, 1994, 4, (1), 45-58
  2. On the optimal exploitation of interacting resources
    Journal of Economics, 1994, 59, (1), 23-49 Downloads View citations (7)
  3. On the optimal regulation of an extractive industry
    Journal of Economics and Business, 1994, 46, (5), 409-420 Downloads

1993

  1. Nonlinear liquidity-growth dynamics with corridor-stability
    Journal of Economic Behavior & Organization, 1993, 22, (2), 189-208 Downloads View citations (5)

1987

  1. A macroeconomic limit cycle with financial perturbations
    Journal of Economic Behavior & Organization, 1987, 8, (3), 469-495 Downloads View citations (11)
  2. Classical and Neoclassical Competitive Adjustment Processes
    The Manchester School of Economic & Social Studies, 1987, 55, (1), 13-37 View citations (8)

1986

  1. On nonlinear theories of economic cycles and the persistence of business cycles
    Mathematical Social Sciences, 1986, 12, (1), 47-76 Downloads View citations (3)

1985

  1. On technical change, transient surplus profit and multiple techniques
    Cahiers d'Économie Politique, 1985, 10, (1), 257-278 Downloads

1984

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

1981

  1. Competition, Monopoly, and Differentils of Profit Rates: Theoretical Considerations and Empirical Evidence
    Review of Radical Political Economics, 1981, 13, (4), 39-52 Downloads View citations (2)

Books

2016

  1. Sustainable Asset Accumulation and Dynamic Portfolio Decisions
    Dynamic Modeling and Econometrics in Economics and Finance, Springer

2015

  1. Financial Assets, Debt and Liquidity Crises
    Cambridge Books, Cambridge University Press View citations (2)
    Also in Cambridge Books, Cambridge University Press (2011) View citations (16)
  2. The Oxford Handbook of the Macroeconomics of Global Warming
    OUP Catalogue, Oxford University Press View citations (8)

2008

  1. Topics in Applied Macrodynamic Theory
    Dynamic Modeling and Econometrics in Economics and Finance, Springer View citations (1)

2006

  1. Stochastic Dynamic Macroeconomics: Theory and Empirical Evidence
    OUP Catalogue, Oxford University Press View citations (8)

Edited books

2014

  1. Dynamic Optimization in Environmental Economics
    Dynamic Modeling and Econometrics in Economics and Finance, Springer View citations (3)
  2. Wavelet Applications in Economics and Finance
    Dynamic Modeling and Econometrics in Economics and Finance, Springer View citations (3)

2011

  1. Computational Methods in Economic Dynamics
    Dynamic Modeling and Econometrics in Economics and Finance, Springer View citations (1)

2008

  1. The Global Environment, Natural Resources, and Economic Growth
    OUP Catalogue, Oxford University Press View citations (2)

2007

  1. The Foundations of Credit Risk Analysis
    Books, Edward Elgar Publishing Downloads View citations (3)

Chapters

2015

  1. Escape Routes from Sovereign Default Risk in the Euro Area
    A chapter in Monetary Policy in the Context of the Financial Crisis: New Challenges and Lessons, 2015, vol. 24, pp 163-193 Downloads
    See also Working Paper (2015)

2009

  1. Corporate Currency Hedging and Currency Crises
    Chapter 7 in Recent Advances in Neo-Schumpeterian Economics, 2009 Downloads View citations (1)
    See also Working Paper (2005)

2001

  1. The macrodynamics of debt deflation
    Chapter 7 in Financial Fragility and Investment in the Capitalist Economy, 2001 Downloads View citations (5)
    See also Working Paper (1999)

Editor

  1. Dynamic Modeling and Econometrics in Economics and Finance
    Springer
 
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