Details about Frank Westerhoff

Workplace:

Volkswirtschaftslehre (Department of Economics), Otto-Friedrich Universität Bamberg (University of Bamberg), (more information at EDIRC)

Access statistics for papers by Frank Westerhoff.

Last updated 2024-03-07. Update your information in the RePEc Author Service.

Short-id: pwe22

---

Jump to Journal Articles Chapters

Working Papers

2024

1. Editorial – Special Issue on “Advancing Agent-Based Economics”
   Publications of Darmstadt Technical University, Institute for Business Studies (BWL), Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL)
2. On the limits of informationally efficient stock markets: New insights from a chartist-fundamentalist model
   Papers, arXiv.org
3. The green transition of firms: The role of evolutionary competition, adjustment costs, transition risk, and green technology progress
   Papers, arXiv.org

2022

4. Boom-bust cycles and asset market participation waves: Momentum, value, risk and herding
   BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group
5. Production delays, supply distortions and endogenous price dynamics
   BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group

2021

6. Production delays, technology choice and cyclical cobweb dynamics
   BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (4)
   See also Journal Article Production delays, technology choice and cyclical cobweb dynamics, Chaos, Solitons & Fractals, Elsevier (2022) View citations (6) (2022)
7. Speculative asset price dynamics and wealth taxes
   BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (4)
   See also Journal Article Speculative asset price dynamics and wealth taxes, Decisions in Economics and Finance, Springer (2021) View citations (4) (2021)

2020

8. Heterogeneous expectations, housing bubbles and tax policy
   BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (6)
   See also Journal Article Heterogeneous expectations, housing bubbles and tax policy, Journal of Economic Behavior & Organization, Elsevier (2021) View citations (12) (2021)
9. Heterogeneous speculators and stock market dynamics: A simple agent-based computational model
   BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (9)
   See also Journal Article Heterogeneous speculators and stock market dynamics: a simple agent-based computational model, The European Journal of Finance, Taylor & Francis Journals (2022) View citations (2) (2022)

2019

10. Housing markets, expectation formation and interest rates
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (8)
    See also Journal Article HOUSING MARKETS, EXPECTATION FORMATION AND INTEREST RATES, Macroeconomic Dynamics, Cambridge University Press (2022) (2022)
11. Necessary and sufficient conditions for the roots of a cubic polynomial and bifurcations of codimension-1, -2, -3 for 3D maps
    Working Papers, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini
12. Trend followers, contrarians and fundamentalists: Explaining the dynamics of financial markets
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (9)
    See also Journal Article Trend followers, contrarians and fundamentalists: Explaining the dynamics of financial markets, Journal of Economic Behavior & Organization, Elsevier (2021) View citations (8) (2021)

2018

13. Interactions between stock, bond and housing markets
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (26)
    See also Journal Article Interactions between stock, bond and housing markets, Journal of Economic Dynamics and Control, Elsevier (2018) View citations (26) (2018)
14. Regulating speculative housing markets via public housing construction programs: Insights from a heterogeneous agent model
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group
    See also Journal Article Regulating Speculative Housing Markets via Public Housing Construction Programs: Insights from a Heterogeneous Agent Model, Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter (2019) View citations (2) (2019)
15. Steady states, stability and bifurcations in multi-asset market models
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (7)
    See also Journal Article Steady states, stability and bifurcations in multi-asset market models, Decisions in Economics and Finance, Springer (2018) View citations (7) (2018)

2017

16. Market entry waves and volatility outbursts in stock markets
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (10)
    See also Journal Article Market entry waves and volatility outbursts in stock markets, Journal of Economic Behavior & Organization, Elsevier (2018) View citations (6) (2018)
17. On the bimodality of the distribution of the S&P 500's distortion: Empirical evidence and theoretical explanations
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (9)
    See also Journal Article On the bimodality of the distribution of the S&P 500's distortion: Empirical evidence and theoretical explanations, Journal of Economic Dynamics and Control, Elsevier (2017) View citations (12) (2017)
18. Stability and welfare effects of profit taxes within an evolutionary market interaction model
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (11)
    See also Journal Article Stability and welfare effects of profit taxes within an evolutionary market interaction model, Review of International Economics, Wiley Blackwell (2018) View citations (2) (2018)

2016

19. Herding behavior and volatility clustering in financial markets
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (14)
    See also Journal Article Herding behaviour and volatility clustering in financial markets, Quantitative Finance, Taylor & Francis Journals (2017) View citations (36) (2017)
20. Heterogeneity, spontaneous coordination and extreme events within large-scale and small-scale agent-based financial market models
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (15)
    See also Journal Article Heterogeneity, spontaneous coordination and extreme events within large-scale and small-scale agent-based financial market models, Journal of Evolutionary Economics, Springer (2017) View citations (21) (2017)

2015

21. Evolutionary competition and profit taxes: market stability versus tax burden
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (17)
    See also Journal Article EVOLUTIONARY COMPETITION AND PROFIT TAXES: MARKET STABILITY VERSUS TAX BURDEN, Macroeconomic Dynamics, Cambridge University Press (2018) (2018)
22. Heterogeneous expectations, boom-bust housing cycles, and supply conditions: A nonlinear dynamics approach
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (17)
23. Managing rational routes to randomness
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (16)
    See also Journal Article Managing rational routes to randomness, Journal of Economic Behavior & Organization, Elsevier (2015) View citations (16) (2015)
24. Side effects of nonlinear profit taxes in an evolutionary market entry model: abrupt changes, coexisting attractors and hysteresis problems
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (15)
    See also Journal Article Side effects of nonlinear profit taxes in an evolutionary market entry model: Abrupt changes, coexisting attractors and hysteresis problems, Journal of Economic Behavior & Organization, Elsevier (2017) View citations (18) (2017)

2013

25. Positive welfare effects of trade barriers in a dynamic equilibrium model
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (16)
26. Speculative behavior and the dynamics of interacting stock markets
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (16)
    See also Journal Article Speculative behavior and the dynamics of interacting stock markets, Journal of Economic Dynamics and Control, Elsevier (2014) View citations (29) (2014)

2012

27. Agent-based models for economic policy design: Two illustrative examples
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (33)
28. The bull and bear market model of Huang and Day: Some extensions and new results
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (17)
    See also Journal Article The bull and bear market model of Huang and Day: Some extensions and new results, Journal of Economic Dynamics and Control, Elsevier (2013) View citations (18) (2013)

2011

29. A simple financial market model with chartists and fundamentalists: market entry levels and discontinuities
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (3)
    See also Journal Article A simple financial market model with chartists and fundamentalists: Market entry levels and discontinuities, Mathematics and Computers in Simulation (MATCOM), Elsevier (2015) View citations (9) (2015)
30. Interactions between the real economy and the stock market
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (5)
31. On the inherent instability of international financial markets: Natural nonlinear interactions between stock and foreign exchange markets
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (11)
32. Structural stochastic volatility in asset pricing dynamics: Estimation and model contest
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (19)
    See also Journal Article Structural stochastic volatility in asset pricing dynamics: Estimation and model contest, Journal of Economic Dynamics and Control, Elsevier (2012) View citations (208) (2012)
33. Why a simple herding model may generate the stylized facts of daily returns: Explanation and estimation
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (1)

2010

34. Interacting cobweb markets
    Post-Print, HAL View citations (25)
    See also Journal Article Interacting cobweb markets, Journal of Economic Behavior & Organization, Elsevier (2010) View citations (29) (2010)
35. On the complicated price dynamics of a simple one-dimensional discontinuous financial market model with heterogeneous interacting traders
    Working Papers, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini View citations (45)
    See also Journal Article On the complicated price dynamics of a simple one-dimensional discontinuous financial market model with heterogeneous interacting traders, Journal of Economic Behavior & Organization, Elsevier (2010) View citations (43) (2010)

2009

36. A simple agent-based financial market model: Direct interactions and comparisons of trading profits
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (21)
37. A simple model of a speculative housing market
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (17)
    See also Journal Article A simple model of a speculative housing market, Journal of Evolutionary Economics, Springer (2012) View citations (55) (2012)
38. Disclosure requirements, the release of new information and market efficiency: new insights from agent-based models
    Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel)
    See also Journal Article Disclosure requirements, the release of new information and market efficiency: new insights from agent-based models, Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel) (2010) View citations (3) (2010)
39. Effects of inflation expectations on macroeconomic dynamics: Extrapolative versus regressive expectations
    BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group View citations (16)
    See also Journal Article Effects of Inflation Expectations on Macroeconomic Dynamics: Extrapolative Versus Regressive Expectations, Studies in Nonlinear Dynamics & Econometrics, De Gruyter (2012) View citations (4) (2012)
40. Some effects of transaction taxes under different microstructures
    Post-Print, HAL View citations (65)
    Also in Working Papers, Department of Applied Mathematics, Università Ca' Foscari Venezia (2009) View citations (64)
    Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney (2007) View citations (11)
    See also Journal Article Some effects of transaction taxes under different microstructures, Journal of Economic Behavior & Organization, Elsevier (2009) View citations (66) (2009)

2008

41. A 'bull and bear' model of interacting ?financial markets. Part I: dynamics in one and two dimensions
    Working Papers, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini
42. A 'bull and bear' model of interacting ?financial markets. Part II: dynamics in three dimensions
    Working Papers, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini
43. Analysing tax evasion dynamics via the Ising model
    Papers, arXiv.org View citations (2)
    See also Journal Article Analysing tax evasion dynamics via the Ising model, Journal of Economic Interaction and Coordination, Springer (2009) View citations (35) (2009)

2005

44. Butter Mountains, Milk Lakes and Optimal Price Limiters
    Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney
    See also Journal Article Butter mountains, milk lakes and optimal price limiters, Applied Economics Letters, Taylor & Francis Journals (2007) View citations (1) (2007)

2004

45. A behavioral cobweb model with heterogeneous speculators
    Computing in Economics and Finance 2004, Society for Computational Economics View citations (1)
46. Commodity Markets, Price Limiters and Speculative Price Dynamics
    Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney View citations (2)
    See also Journal Article Commodity markets, price limiters and speculative price dynamics, Journal of Economic Dynamics and Control, Elsevier (2005) View citations (84) (2005)
47. Market depth and price dynamics: A note
    Papers, arXiv.org View citations (6)
    See also Journal Article MARKET DEPTH AND PRICE DYNAMICS: A NOTE, International Journal of Modern Physics C (IJMPC), World Scientific Publishing Co. Pte. Ltd. (2004) View citations (4) (2004)
48. Target Zone Interventions and Coordination of Expectations
    Computing in Economics and Finance 2004, Society for Computational Economics View citations (2)
    See also Journal Article Target Zone Interventions and Coordination of Expectations, Journal of Optimization Theory and Applications, Springer (2006) View citations (5) (2006)
49. The effectiveness of Keynes-Tobin transaction taxes when heterogeneous agents can trade in different markets: A behavioral finance approach
    Computing in Economics and Finance 2004, Society for Computational Economics View citations (9)
    See also Journal Article The effectiveness of Keynes-Tobin transaction taxes when heterogeneous agents can trade in different markets: A behavioral finance approach, Journal of Economic Dynamics and Control, Elsevier (2006) View citations (157) (2006)

2003

50. Multi-Asset Market Dynamics
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (4)
    See also Journal Article MULTIASSET MARKET DYNAMICS, Macroeconomic Dynamics, Cambridge University Press (2004) View citations (66) (2004)
51. Nonlinearities and Cyclical Behavior: The Role of Chartists and Fundamentalists
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (75)
    See also Journal Article Nonlinearities and Cyclical Behavior: The Role of Chartists and Fundamentalists, Studies in Nonlinear Dynamics & Econometrics, De Gruyter (2003) View citations (77) (2003)
52. Tobin tax and market depth
    Papers, arXiv.org View citations (8)
    See also Journal Article Tobin tax and market depth, Quantitative Finance, Taylor & Francis Journals (2005) View citations (44) (2005)

2002

53. Heterogeneous Expectations, Exchange Rate Dynamics and Predictability
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (7)
    See also Journal Article Heterogeneous expectations, exchange rate dynamics and predictability, Journal of Economic Behavior & Organization, Elsevier (2007) View citations (67) (2007)
54. Heterogeneous Traders and the Tobin Tax
    Computing in Economics and Finance 2002, Society for Computational Economics View citations (3)
    See also Journal Article Heterogeneous traders and the Tobin tax, Journal of Evolutionary Economics, Springer (2003) View citations (72) (2003)
55. Representativeness of News and Exchange Rate Dynamics
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (1)
    See also Journal Article Representativeness of news and exchange rate dynamics, Journal of Economic Dynamics and Control, Elsevier (2005) View citations (47) (2005)

2001

56. Expectations Driven Distortions in the Foreign Exchange Market
    CeNDEF Workshop Papers, January 2001, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (1)
    Also in Computing in Economics and Finance 2001, Society for Computational Economics (2001) View citations (1)
    See also Journal Article Expectations driven distortions in the foreign exchange market, Journal of Economic Behavior & Organization, Elsevier (2003) View citations (31) (2003)

2000

57. EXPLAINING EXCHANGE RATE VOLATILITY WITH A GENETIC ALGORITHM
    Computing in Economics and Finance 2000, Society for Computational Economics

Undated

58. Exchange rate dynamics, central bank interventions and chaos control methods
    Modeling, Computing, and Mastering Complexity 2003, Society for Computational Economics View citations (17)
    See also Journal Article Exchange rate dynamics, central bank interventions and chaos control methods, Journal of Economic Behavior & Organization, Elsevier (2005) View citations (25) (2005)
59. Spill-over dynamics of central bank interventions
    Modeling, Computing, and Mastering Complexity 2003, Society for Computational Economics
    See also Journal Article Spillover Dynamics of Central Bank Interventions, German Economic Review, Verein für Socialpolitik (2004) View citations (6) (2004)

Journal Articles

2025

1. Explaining the Stylized Facts of Foreign Exchange Markets with a Simple Agent-based Version of Paul de Grauwe’s Chaotic Exchange Rate Model
   Computational Economics, 2025, 65, (2), 845-876
2. On boom-bust stock market dynamics, animal spirits, and the destabilizing nature of temporarily attracting virtual fixed points
   Macroeconomic Dynamics, 2025, 29, -

2024

3. Complex dynamics in a nonlinear duopoly model with heuristic expectation formation and learning behavior
   Annals of Operations Research, 2024, 337, (3), 809-834
4. Editorial – Special Issue on “Advancing Agent-Based Economics”
   Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2024, 244, (4), 289-291
5. Fake News and Asset Price Dynamics
   Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2024, 244, (4), 351-379

2023

6. A 2D piecewise-linear discontinuous map arising in stock market modeling: Two overlapping period-adding bifurcation structures
   Chaos, Solitons & Fractals, 2023, 176, (C)
7. Revisiting Paul de Grauwe’s Chaotic Exchange Rate Model: New Analytical Insights and Agent-Based Explorations
   Open Economies Review, 2023, 34, (1), 155-169 View citations (2)
8. Sentiment-driven business cycle dynamics: An elementary macroeconomic model with animal spirits
   Journal of Economic Behavior & Organization, 2023, 210, (C), 342-359 View citations (2)

2022

9. Causes of fragile stock market stability
   Journal of Economic Behavior & Organization, 2022, 200, (C), 483-498 View citations (5)
10. Currency manipulation and currency wars: Analyzing the dynamics of competitive central bank interventions
    Journal of Economic Dynamics and Control, 2022, 145, (C) View citations (6)
11. HOUSING MARKETS, EXPECTATION FORMATION AND INTEREST RATES
    Macroeconomic Dynamics, 2022, 26, (2), 491-532
    See also Working Paper Housing markets, expectation formation and interest rates, BERG Working Paper Series (2019) View citations (8) (2019)
12. Heterogeneous speculators and stock market dynamics: a simple agent-based computational model
    The European Journal of Finance, 2022, 28, (13-15), 1263-1282 View citations (2)
    See also Working Paper Heterogeneous speculators and stock market dynamics: A simple agent-based computational model, BERG Working Paper Series (2020) View citations (9) (2020)
13. On the destabilizing nature of capital gains taxes
    International Review of Financial Analysis, 2022, 83, (C) View citations (2)
14. Production delays, technology choice and cyclical cobweb dynamics
    Chaos, Solitons & Fractals, 2022, 156, (C) View citations (6)
    See also Working Paper Production delays, technology choice and cyclical cobweb dynamics, BERG Working Paper Series (2021) View citations (4) (2021)
15. Speculative housing markets and rent control: insights from nonlinear economic dynamics
    Journal of Economic Interaction and Coordination, 2022, 17, (1), 141-163 View citations (3)

2021

16. Heterogeneous expectations, housing bubbles and tax policy
    Journal of Economic Behavior & Organization, 2021, 183, (C), 555-573 View citations (12)
    See also Working Paper Heterogeneous expectations, housing bubbles and tax policy, BERG Working Paper Series (2020) View citations (6) (2020)
17. Pricking asset market bubbles
    Finance Research Letters, 2021, 38, (C) View citations (4)
18. Speculative asset price dynamics and wealth taxes
    Decisions in Economics and Finance, 2021, 44, (2), 641-667 View citations (4)
    See also Working Paper Speculative asset price dynamics and wealth taxes, BERG Working Paper Series (2021) View citations (4) (2021)
19. Trend followers, contrarians and fundamentalists: Explaining the dynamics of financial markets
    Journal of Economic Behavior & Organization, 2021, 192, (C), 117-136 View citations (8)
    See also Working Paper Trend followers, contrarians and fundamentalists: Explaining the dynamics of financial markets, BERG Working Paper Series (2019) View citations (9) (2019)

2020

20. Stability conditions for three-dimensional maps and their associated bifurcation types
    Applied Economics Letters, 2020, 27, (13), 1056-1060 View citations (11)

2019

21. Different compositions of aggregate sentiment and their impact on macroeconomic stability
    Economic Modelling, 2019, 76, (C), 117-127 View citations (3)
22. Hommes, Cars LeBaron, Blake: Handbook of Computational Economics, Volume 4, Heterogeneous Agent Modeling
    Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2019, 239, (4), 757-760
23. Regulating Speculative Housing Markets via Public Housing Construction Programs: Insights from a Heterogeneous Agent Model
    Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2019, 239, (4), 627-660 View citations (2)
    See also Working Paper Regulating speculative housing markets via public housing construction programs: Insights from a heterogeneous agent model, BERG Working Paper Series (2018) (2018)
24. Short-run momentum, long-run mean reversion and excess volatility: An elementary housing model
    Economics Letters, 2019, 176, (C), 43-46 View citations (8)

2018

25. EVOLUTIONARY COMPETITION AND PROFIT TAXES: MARKET STABILITY VERSUS TAX BURDEN
    Macroeconomic Dynamics, 2018, 22, (8), 2007-2031
    See also Working Paper Evolutionary competition and profit taxes: market stability versus tax burden, BERG Working Paper Series (2015) View citations (17) (2015)
26. Interactions between stock, bond and housing markets
    Journal of Economic Dynamics and Control, 2018, 91, (C), 43-70 View citations (26)
    See also Working Paper Interactions between stock, bond and housing markets, BERG Working Paper Series (2018) View citations (26) (2018)
27. Market entry waves and volatility outbursts in stock markets
    Journal of Economic Behavior & Organization, 2018, 153, (C), 19-37 View citations (6)
    See also Working Paper Market entry waves and volatility outbursts in stock markets, BERG Working Paper Series (2017) View citations (10) (2017)
28. Stability and welfare effects of profit taxes within an evolutionary market interaction model
    Review of International Economics, 2018, 26, (3), 691-708 View citations (2)
    See also Working Paper Stability and welfare effects of profit taxes within an evolutionary market interaction model, BERG Working Paper Series (2017) View citations (11) (2017)
29. Steady states, stability and bifurcations in multi-asset market models
    Decisions in Economics and Finance, 2018, 41, (2), 357-378 View citations (7)
    See also Working Paper Steady states, stability and bifurcations in multi-asset market models, BERG Working Paper Series (2018) View citations (7) (2018)

2017

30. Herding behaviour and volatility clustering in financial markets
    Quantitative Finance, 2017, 17, (8), 1187-1203 View citations (36)
    See also Working Paper Herding behavior and volatility clustering in financial markets, BERG Working Paper Series (2016) View citations (14) (2016)
31. Heterogeneity, spontaneous coordination and extreme events within large-scale and small-scale agent-based financial market models
    Journal of Evolutionary Economics, 2017, 27, (5), 1041-1070 View citations (21)
    See also Working Paper Heterogeneity, spontaneous coordination and extreme events within large-scale and small-scale agent-based financial market models, BERG Working Paper Series (2016) View citations (15) (2016)
32. On the bimodality of the distribution of the S&P 500's distortion: Empirical evidence and theoretical explanations
    Journal of Economic Dynamics and Control, 2017, 80, (C), 34-53 View citations (12)
    See also Working Paper On the bimodality of the distribution of the S&P 500's distortion: Empirical evidence and theoretical explanations, BERG Working Paper Series (2017) View citations (9) (2017)
33. Side effects of nonlinear profit taxes in an evolutionary market entry model: Abrupt changes, coexisting attractors and hysteresis problems
    Journal of Economic Behavior & Organization, 2017, 135, (C), 15-38 View citations (18)
    See also Working Paper Side effects of nonlinear profit taxes in an evolutionary market entry model: abrupt changes, coexisting attractors and hysteresis problems, BERG Working Paper Series (2015) View citations (15) (2015)
34. TAKING STOCK: A RIGOROUS MODELLING OF ANIMAL SPIRITS IN MACROECONOMICS
    Journal of Economic Surveys, 2017, 31, (5), 1152-1182 View citations (44)

2016

35. Heterogeneous expectations, boom-bust housing cycles, and supply conditions: A nonlinear economic dynamics approach
    Journal of Economic Dynamics and Control, 2016, 71, (C), 21-44 View citations (30)
36. Stock market participation and endogenous boom-bust dynamics
    Economics Letters, 2016, 148, (C), 72-75 View citations (9)

2015

37. A simple financial market model with chartists and fundamentalists: Market entry levels and discontinuities
    Mathematics and Computers in Simulation (MATCOM), 2015, 108, (C), 16-40 View citations (9)
    See also Working Paper A simple financial market model with chartists and fundamentalists: market entry levels and discontinuities, Quaderni di Dipartimento (2011) View citations (3) (2011)
38. Managing rational routes to randomness
    Journal of Economic Behavior & Organization, 2015, 116, (C), 157-173 View citations (16)
    See also Working Paper Managing rational routes to randomness, BERG Working Paper Series (2015) View citations (16) (2015)
39. Symmetry breaking in a bull and bear financial market model
    Chaos, Solitons & Fractals, 2015, 79, (C), 57-72 View citations (5)

2014

40. Buchbesprechungen / Book Reviews
    Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2014, 234, (4), 527-544
41. One-dimensional maps with two discontinuity points and three linear branches: mathematical lessons for understanding the dynamics of financial markets
    Decisions in Economics and Finance, 2014, 37, (1), 27-51 View citations (9)
42. Positive welfare effects of trade barriers in a dynamic partial equilibrium model
    Journal of Economic Dynamics and Control, 2014, 48, (C), 246-264 View citations (11)
43. Speculative behavior and the dynamics of interacting stock markets
    Journal of Economic Dynamics and Control, 2014, 45, (C), 262-288 View citations (29)
    See also Working Paper Speculative behavior and the dynamics of interacting stock markets, BERG Working Paper Series (2013) View citations (16) (2013)

2013

44. The bull and bear market model of Huang and Day: Some extensions and new results
    Journal of Economic Dynamics and Control, 2013, 37, (11), 2351-2370 View citations (18)
    See also Working Paper The bull and bear market model of Huang and Day: Some extensions and new results, BERG Working Paper Series (2012) View citations (17) (2012)

2012

45. A simple model of a speculative housing market
    Journal of Evolutionary Economics, 2012, 22, (2), 303-329 View citations (55)
    See also Working Paper A simple model of a speculative housing market, BERG Working Paper Series (2009) View citations (17) (2009)
46. Converse trading strategies, intrinsic noise and the stylized facts of financial markets
    Quantitative Finance, 2012, 12, (3), 425-436 View citations (14)
47. Effects of Inflation Expectations on Macroeconomic Dynamics: Extrapolative Versus Regressive Expectations
    Studies in Nonlinear Dynamics & Econometrics, 2012, 16, (4), 30 View citations (4)
    See also Working Paper Effects of inflation expectations on macroeconomic dynamics: Extrapolative versus regressive expectations, BERG Working Paper Series (2009) View citations (16) (2009)
48. Evolutionary competition between prediction rules and the emergence of business cycles within Metzler’s inventory model
    Journal of Evolutionary Economics, 2012, 22, (2), 251-273 View citations (2)
49. Interactions between the Real Economy and the Stock Market: A Simple Agent-Based Approach
    Discrete Dynamics in Nature and Society, 2012, 2012, 1-21 View citations (3)
50. Introduction to the Current Issue
    Studies in Nonlinear Dynamics & Econometrics, 2012, 16, (4), 1
51. Structural stochastic volatility in asset pricing dynamics: Estimation and model contest
    Journal of Economic Dynamics and Control, 2012, 36, (8), 1193-1211 View citations (208)
    See also Working Paper Structural stochastic volatility in asset pricing dynamics: Estimation and model contest, BERG Working Paper Series (2011) View citations (19) (2011)

2011

52. Heterogeneous Speculators and Asset Price Dynamics: Further Results from a One-Dimensional Discontinuous Piecewise-Linear Map
    Computational Economics, 2011, 38, (3), 329-347 View citations (16)

2010

53. A behavioral cobweb-like commodity market model with heterogeneous speculators
    Economic Modelling, 2010, 27, (5), 1136-1143 View citations (7)
54. Consumer sentiment and countercyclical fiscal policies
    International Review of Applied Economics, 2010, 24, (5), 609-618 View citations (5)
55. Disclosure requirements, the release of new information and market efficiency: new insights from agent-based models
    Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2010, 4, 1-26 View citations (3)
    See also Working Paper Disclosure requirements, the release of new information and market efficiency: new insights from agent-based models, Economics Discussion Papers (2009) (2009)
56. Heterogeneous speculators, endogenous fluctuations and interacting markets: A model of stock prices and exchange rates
    Journal of Economic Dynamics and Control, 2010, 34, (4), 743-764 View citations (68)
57. Inflation expectations and macroeconomic dynamics: The case of rational versus extrapolative expectations
    Journal of Economic Dynamics and Control, 2010, 34, (2), 246-257 View citations (43)
58. Interacting cobweb markets
    Journal of Economic Behavior & Organization, 2010, 75, (3), 461-481 View citations (29)
    See also Working Paper Interacting cobweb markets, Post-Print (2010) View citations (25) (2010)
59. On the complicated price dynamics of a simple one-dimensional discontinuous financial market model with heterogeneous interacting traders
    Journal of Economic Behavior & Organization, 2010, 74, (3), 187-205 View citations (43)
    See also Working Paper On the complicated price dynamics of a simple one-dimensional discontinuous financial market model with heterogeneous interacting traders, Working Papers (2010) View citations (45) (2010)

2009

60. A Metzlerian business cycle model with nonlinear heterogeneous expectations
    Economic Modelling, 2009, 26, (3), 715-720 View citations (5)
61. Analysing tax evasion dynamics via the Ising model
    Journal of Economic Interaction and Coordination, 2009, 4, (1), 1-14 View citations (35)
    See also Working Paper Analysing tax evasion dynamics via the Ising model, Papers (2008) View citations (2) (2008)
62. Some effects of transaction taxes under different microstructures
    Journal of Economic Behavior & Organization, 2009, 72, (3), 850-863 View citations (66)
    See also Working Paper Some effects of transaction taxes under different microstructures, Post-Print (2009) View citations (65) (2009)
63. The Emergence of Bull and Bear Dynamics in a Nonlinear Model of Interacting Markets
    Discrete Dynamics in Nature and Society, 2009, 2009, 1-30 View citations (5)

2008

64. Business cycle synchronization in a simple Keynesian macro-model with socially transmitted economic sentiment and international sentiment spill-over
    Structural Change and Economic Dynamics, 2008, 19, (3), 249-259 View citations (10)
65. Consumer sentiment and business cycles: a Neimark-Sacker bifurcation scenario
    Applied Economics Letters, 2008, 15, (15), 1201-1205 View citations (5)
66. Controlling tax evasion fluctuations
    Physica A: Statistical Mechanics and its Applications, 2008, 387, (23), 5857-5861 View citations (17)
67. HEURISTIC EXPECTATION FORMATION AND BUSINESS CYCLES: A SIMPLE LINEAR MODEL
    Metroeconomica, 2008, 59, (1), 47-56 View citations (3)
68. Regulating complex dynamics in firms and economic systems
    Chaos, Solitons & Fractals, 2008, 38, (3), 911-919 View citations (2)
69. The Use of Agent-Based Financial Market Models to Test the Effectiveness of Regulatory Policies
    Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2008, 228, (2-3), 195-227 View citations (73)

2007

70. A note on interactions-driven business cycles
    Journal of Economic Interaction and Coordination, 2007, 2, (1), 85-91 View citations (8)
71. Butter mountains, milk lakes and optimal price limiters
    Applied Economics Letters, 2007, 14, (15), 1131-1136 View citations (1)
    See also Working Paper Butter Mountains, Milk Lakes and Optimal Price Limiters, Research Paper Series (2005) (2005)
72. Commodity price cycles and heterogeneous speculators: a STAR–GARCH model
    Empirical Economics, 2007, 33, (2), 231-244 View citations (52)
73. Heterogeneous expectations, exchange rate dynamics and predictability
    Journal of Economic Behavior & Organization, 2007, 64, (1), 111-128 View citations (67)
    See also Working Paper Heterogeneous Expectations, Exchange Rate Dynamics and Predictability, CeNDEF Working Papers (2002) View citations (7) (2002)
74. On central bank interventions and transaction taxes
    Applied Financial Economics Letters, 2007, 3, (1), 11-14

2006

75. Business Cycles, Heuristic Expectation Formation, and Contracyclical Policies
    Journal of Public Economic Theory, 2006, 8, (5), 821-838 View citations (8)
76. Nonlinear Expectation Formation, Endogenous Business Cycles and Stylized Facts
    Studies in Nonlinear Dynamics & Econometrics, 2006, 10, (4), 17 View citations (3)
77. Samuelson's multiplier-accelerator model revisited
    Applied Economics Letters, 2006, 13, (2), 89-92 View citations (26)
78. TECHNICAL ANALYSIS BASED ON PRICE-VOLUME SIGNALS AND THE POWER OF TRADING BREAKS
    International Journal of Theoretical and Applied Finance (IJTAF), 2006, 09, (02), 227-244 View citations (9)
79. THE WORKING OF CIRCUIT BREAKERS WITHIN PERCOLATION MODELS FOR FINANCIAL MARKETS
    International Journal of Modern Physics C (IJMPC), 2006, 17, (02), 299-304 View citations (2)
80. Target Zone Interventions and Coordination of Expectations
    Journal of Optimization Theory and Applications, 2006, 128, (2), 453-467 View citations (5)
    See also Working Paper Target Zone Interventions and Coordination of Expectations, Computing in Economics and Finance 2004 (2004) View citations (2) (2004)
81. The effectiveness of Keynes-Tobin transaction taxes when heterogeneous agents can trade in different markets: A behavioral finance approach
    Journal of Economic Dynamics and Control, 2006, 30, (2), 293-322 View citations (157)
    See also Working Paper The effectiveness of Keynes-Tobin transaction taxes when heterogeneous agents can trade in different markets: A behavioral finance approach, Computing in Economics and Finance 2004 (2004) View citations (9) (2004)

2005

82. CONSUMER BEHAVIOR AND FLUCTUATIONS IN ECONOMIC ACTIVITY
    Advances in Complex Systems (ACS), 2005, 08, (02n03), 209-215 View citations (1)
83. Commodity markets, price limiters and speculative price dynamics
    Journal of Economic Dynamics and Control, 2005, 29, (9), 1577-1596 View citations (84)
    See also Working Paper Commodity Markets, Price Limiters and Speculative Price Dynamics, Research Paper Series (2004) View citations (2) (2004)
84. Commodity price dynamics and the nonlinear market impact of technical traders: empirical evidence for the US corn market
    Physica A: Statistical Mechanics and its Applications, 2005, 349, (3), 641-648 View citations (60)
85. Exchange rate dynamics, central bank interventions and chaos control methods
    Journal of Economic Behavior & Organization, 2005, 58, (1), 117-132 View citations (25)
    See also Working Paper Exchange rate dynamics, central bank interventions and chaos control methods, Modeling, Computing, and Mastering Complexity 2003 View citations (17)
86. Heterogeneous traders, price-volume signals, and complex asset price dynamics
    Discrete Dynamics in Nature and Society, 2005, 2005, 1-11 View citations (1)
87. Representativeness of news and exchange rate dynamics
    Journal of Economic Dynamics and Control, 2005, 29, (4), 677-689 View citations (47)
    See also Working Paper Representativeness of News and Exchange Rate Dynamics, CeNDEF Working Papers (2002) View citations (1) (2002)
88. Tobin tax and market depth
    Quantitative Finance, 2005, 5, (2), 213-218 View citations (44)
    See also Working Paper Tobin tax and market depth, Papers (2003) View citations (8) (2003)

2004

89. Does liquidity in the FX market depend on volatility?
    Economics Bulletin, 2004, 6, (10), 1-8 View citations (2)
90. Greed, fear and stock market dynamics
    Physica A: Statistical Mechanics and its Applications, 2004, 343, (C), 635-642 View citations (16)
91. MARKET DEPTH AND PRICE DYNAMICS: A NOTE
    International Journal of Modern Physics C (IJMPC), 2004, 15, (07), 1005-1012 View citations (4)
    See also Working Paper Market depth and price dynamics: A note, Papers (2004) View citations (6) (2004)
92. MULTIASSET MARKET DYNAMICS
    Macroeconomic Dynamics, 2004, 8, (5), 596-616 View citations (66)
    See also Working Paper Multi-Asset Market Dynamics, Computing in Economics and Finance 2003 (2003) View citations (4) (2003)
93. Spillover Dynamics of Central Bank Interventions
    German Economic Review, 2004, 5, (4), 435-450 View citations (6)
    Also in German Economic Review, 2004, 5, (4), 435-450 (2004) View citations (2)
    See also Working Paper Spill-over dynamics of central bank interventions, Modeling, Computing, and Mastering Complexity 2003

2003

94. BUBBLES AND CRASHES: OPTIMISM, TREND EXTRAPOLATION AND PANIC
    International Journal of Theoretical and Applied Finance (IJTAF), 2003, 06, (08), 829-837 View citations (3)
95. Central bank intervention and feedback traders
    Journal of International Financial Markets, Institutions and Money, 2003, 13, (5), 419-427 View citations (3)
96. Expectations driven distortions in the foreign exchange market
    Journal of Economic Behavior & Organization, 2003, 51, (3), 389-412 View citations (31)
    See also Working Paper Expectations Driven Distortions in the Foreign Exchange Market, CeNDEF Workshop Papers, January 2001 (2001) View citations (1) (2001)
97. Heterogeneous traders and the Tobin tax
    Journal of Evolutionary Economics, 2003, 13, (1), 53-70 View citations (72)
    See also Working Paper Heterogeneous Traders and the Tobin Tax, Computing in Economics and Finance 2002 (2002) View citations (3) (2002)
98. Market-maker, inventory control and foreign exchange dynamics
    Quantitative Finance, 2003, 3, (5), 363-369 View citations (21)
99. Modeling Exchange Rate Behavior with a Genetic Algorithm
    Computational Economics, 2003, 21, (3), 209-229 View citations (12)
100. Nonlinearities and Cyclical Behavior: The Role of Chartists and Fundamentalists
     Studies in Nonlinear Dynamics & Econometrics, 2003, 7, (4), 15 View citations (77)
     See also Working Paper Nonlinearities and Cyclical Behavior: The Role of Chartists and Fundamentalists, CFS Working Paper Series (2003) View citations (75) (2003)
101. Speculative markets and the effectiveness of price limits
     Journal of Economic Dynamics and Control, 2003, 28, (3), 493-508 View citations (64)

Chapters

2009

1. Exchange Rate Dynamics: A Nonlinear Survey
   Chapter 11 in Handbook of Research on Complexity, 2009 View citations (21)

2006

2. Expectations and the Multiplier-Accelerator Model
   Springer View citations (7)