Willi Semmler

The New School - Department of Economics

Professor

65 Fifth Avenue

New York, NY 10003

United States

http://www.newschool.edu/nssr/faculty/?id=4e54-6b79-4e41-3d3d

Universitaet Bielefeld

Universitätsstraße 25

Bielefeld, NRW

Germany

IIASA

Schlossplatz 1

Laxenburg/Austria, A-2361

Austria

SCHOLARLY PAPERS

74

DOWNLOADS
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7,253

SSRN CITATIONS
Rank 8,346

SSRN RANKINGS

Top 8,346

in Total Papers Citations

58

CROSSREF CITATIONS

99

Scholarly Papers (74)

1.

Fiscal Policy, Public Expenditure Composition, and Growth Theory and Empirics

World Bank Policy Research Working Paper No. 4405
Number of pages: 36 Posted: 20 Apr 2016
The New School - Department of Economics, Bielefeld University - Department of Business Administration and Economics, New School University, New School University and World Bank
Downloads 1,238 (20,203)

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Economic Theory & Research, Debt Markets, Public Sector Expenditure Analysis & Management, Access to Finance

2.

Estimating an Endogenous Growth Model with Public Capital and Government Borrowing

Number of pages: 36 Posted: 01 Sep 1997
Alfred Greiner and Willi Semmler
Bielefeld University - Department of Business Administration and Economics and The New School - Department of Economics
Downloads 528 (65,005)

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3.

Economic Growth and the Transition from Non-Renewable to Renewable Energy

Number of pages: 34 Posted: 03 Jul 2012 Last Revised: 28 Oct 2015
Alfred Greiner, Lars Grüne and Willi Semmler
Bielefeld University - Department of Business Administration and Economics, University of Bayreuth - Mathematical Institute and The New School - Department of Economics
Downloads 489 (71,539)
Citation 6

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Global warming, renewable energy, economic growth

4.

An Economic Model of Oil Exploration and Extraction

Number of pages: 27 Posted: 09 Sep 2008 Last Revised: 30 Dec 2012
Alfred Greiner, Willi Semmler and Tobias Mette
Bielefeld University - Department of Business Administration and Economics, The New School - Department of Economics and affiliation not provided to SSRN
Downloads 394 (92,365)
Citation 2

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Non-renewable resources, optimal control, non-parametric estimation, oil production

5.

Using Nonlinear Model Predictive Control for Dynamic Decision Problems in Economics

Number of pages: 32 Posted: 03 Apr 2013 Last Revised: 28 Jan 2015
Lars Grüne, Willi Semmler and Marleen Stieler
University of Bayreuth - Mathematical Institute, The New School - Department of Economics and University of Bayreuth - Mathematical Institute
Downloads 309 (121,124)
Citation 15

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Complex decision models, long and short horizon models, dynamic optimization, multiple equilibria, regime changes, NMPC

6.

Financing Low-Carbon Transitions Through Carbon Pricing and Green Bonds

World Bank Policy Research Working Paper No. 8991
Number of pages: 24 Posted: 21 Aug 2019
Erasmus University Rotterdam (EUR) - Rotterdam Institute of Law and Economics, The New School - Department of Economics, University of York - Social Policy Research Unit (SPRU), New School for Social Research, New School for Social Research, World Bank and The New School - Department of Economics
Downloads 267 (141,208)
Citation 2

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Green Issues, Climate Change Mitigation and Green House Gases, Science of Climate Change, Climate Change and Environment, Climate Change and Health

7.

Agricultural Commodities and their Financialization

Number of pages: 29 Posted: 23 Feb 2012 Last Revised: 09 Jan 2015
Lucas Bernard, Alfred Greiner and Willi Semmler
The City University of New York - College of Technology, Bielefeld University - Department of Business Administration and Economics and The New School - Department of Economics
Downloads 233 (161,405)

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renewable products, agricultural commodities, food shortages, financialization

8.

The Macroeconomics of Fiscal Consolidation in the European Union

Number of pages: 41 Posted: 05 Sep 2013
Willi Semmler and André Semmler
The New School - Department of Economics and Columbia University
Downloads 211 (177,358)
Citation 12

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EU Austerity Policy, fiscal consolidation, financial stress regime, regime dependence of fiscal policy, Multi-Regime VAR

9.

Short and Long-Run Effects of Productivity on Unemployment

Number of pages: 30 Posted: 30 Jan 2017
Willi Semmler and Pu Chen
The New School - Department of Economics and Bielefeld University - Department of Business Administration and Economics
Downloads 180 (204,757)
Citation 2

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Okun's law, Productivity, Unemployment

10.

Intertemporal Investment Strategies Under Inflation Risk

Quantitative Finance Research Centre Working Paper No. 192
Number of pages: 53 Posted: 16 Mar 2008
Carl Chiarella, Chih-Ying Hsiao and Willi Semmler
University of Technology, Sydney - UTS Business School, Finance Discipline Group, Bielefeld University - Department of Business Administration and Economics and The New School - Department of Economics
Downloads 179 (205,805)
Citation 4

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inflation-indexed bonds, intertemporal asset allocation, inflationary expectations

11.

Green Bonds, Transition to a Low-Carbon Economy, and Intergenerational Fairness: Evidence from an Extended DICE Model

Number of pages: 30 Posted: 07 Nov 2018
International Institute for Applied Systems Analysis (IIASA), International Institute for Applied Systems Analysis (IIASA), Columbia University and The New School - Department of Economics
Downloads 166 (219,496)
Citation 5

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climate change mitigation, green bonds, green tax, intergenerational fairness, dice model

12.

Testing Sustainability of German Fiscal Policy. Evidence for the Period 1960-2003

Number of pages: 32 Posted: 28 Jan 2005
Alfred Greiner, Uwe Koeller and Willi Semmler
Bielefeld University - Department of Business Administration and Economics, Bielefeld University - Department of Business Administration and Economics and The New School - Department of Economics
Downloads 151 (237,593)

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Public debt, intertemporal budget constraint, varying coefficient model, nonparametric estimation

13.

Keynesian Macrodynamics and the Phillips Curve: An Estimated Baseline Macromodel for the U.S. Economy

Quantitative Finance Research Centre Research Paper Number No. 147
Number of pages: 57 Posted: 02 May 2006
Pu Chen, Carl Chiarella, Peter Flaschel and Willi Semmler
Bielefeld University - Department of Business Administration and Economics, University of Technology, Sydney - UTS Business School, Finance Discipline Group, Bielefeld University - Department of Business Administration and Economics and The New School - Department of Economics
Downloads 138 (255,544)
Citation 4

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AS-AD disequilibrium, wage and price Phillips curves, Okun's law, (in-)stability, persistent fluctuations, monetary policy

14.

Estimating a Banking-Macro Model for Europe Using a Multi-Regime VAR

Number of pages: 39 Posted: 27 Feb 2012
Willi Semmler and Stefan Mittnik
The New School - Department of Economics and University of Kiel - Institute of Statistics & Econometrics
Downloads 128 (270,577)
Citation 1

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15.

Current Account Imbalances: A New Approach to Assess External Debt Sustainability

Number of pages: 30 Posted: 28 Sep 2015
Willi Semmler and Ibrahim Tahri
The New School - Department of Economics and The New School - Department of Economics
Downloads 127 (272,187)

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External debt, Current Account Imbalances, Debt sustainability, Public/Private wealth, NMPC, Intertemporal model

16.

Output, Financial Markets and Growth

University of Technology, School of Finance and Economics Working Paper No. 108
Number of pages: 24 Posted: 31 Jan 2006
University of Technology, Sydney - UTS Business School, Finance Discipline Group, Bielefeld University - Department of Business Administration and Economics, Vienna University of Technology and The New School - Department of Economics
Downloads 126 (273,851)
Citation 1

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17.

The Instability of the Banking Sector and Macrodynamics: Theory and Empirics

Number of pages: 56 Posted: 23 Jun 2011
Willi Semmler and Stefan Mittnik
The New School - Department of Economics and University of Kiel - Institute of Statistics & Econometrics
Downloads 120 (283,907)
Citation 3

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Banking crisis, financial accelerator, financial stress index, macrodynamics, Multi-Regime VAR ( MRVAR)

18.

Quantifying the Impact of Structural Reforms

ECB Working Paper No. 666
Number of pages: 41 Posted: 22 Aug 2006
International Labour Organization (ILO), Tsinghua University - School of Economics & Management, European Central Bank (ECB) and The New School - Department of Economics
Downloads 109 (303,639)

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Nominal and real rigidities, non-clearing labour markets, business cycles, labour market reforms in OECD countries

19.

Overleveraging in the Banking Sector: Evidence from Europe

ZEW - Centre for European Economic Research Discussion Paper No. 14-066
Number of pages: 36 Posted: 02 Oct 2014
Frauke Schleer, Willi Semmler and Julian Illner
ZEW – Leibniz Centre for European Economic Research, The New School - Department of Economics and ZEW – Leibniz Centre for European Economic Research
Downloads 108 (305,568)
Citation 6

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Overleveraging, banking sector, Vector STAR, real economy, credit flows, regime switch

20.

Financing Climate Policies through Climate Bonds – A Three Stage Model and Empirics

Research in International Business and Finance, Forthcoming
Number of pages: 24 Posted: 09 Dec 2016
The New School - Department of Economics, New School for Social Research, The New School - Department of Economics and The New School - Department of Economics
Downloads 107 (307,591)
Citation 10

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Climate Policies, Intertemporal Model, Continuous Time Model, Climate Bonds

21.

Oil Price, Overleveraging and Shakeout in the Shale Energy Sector -- Game Changers in the Oil Industry

Number of pages: 27 Posted: 16 Oct 2015
Arkady Gevorkyan and Willi Semmler
New School for Social Research and The New School - Department of Economics
Downloads 106 (309,563)
Citation 1

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Oil price, fracking, overleveraging, insolvency, NMPC, shale oil

22.

Boom-Bust Cycles: Leveraging, Complex Securities, and Asset Prices

NYU Tandon Research Paper No. 148514
Number of pages: 40 Posted: 08 Oct 2009 Last Revised: 26 Jun 2017
Lucas Bernard and Willi Semmler
New School for Social Research and The New School - Department of Economics
Downloads 101 (319,804)
Citation 5

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23.

Disparity in Wealth Accumulation: A Financial Market Approach

Number of pages: 39 Posted: 05 Feb 2016 Last Revised: 08 Feb 2016
Raphaele Chappe and Willi Semmler
Drew University and The New School - Department of Economics
Downloads 92 (339,435)
Citation 2

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Life-cycle, portfolio choice, wealth distribution, nonlinear-predictive-control

24.

Overleveraging, Financial Fragility and the Banking-Macro Link: Theory and Empirical Evidence

ZEW - Centre for European Economic Research Discussion Paper No. 14-110
Number of pages: 41 Posted: 27 Jan 2015
Stefan Mittnik and Willi Semmler
Ludwig Maximilian University of Munich (LMU) and The New School - Department of Economics
Downloads 89 (346,534)
Citation 4

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25.

Stability Analysis of a High-Dimensional Macrodynamic Model of Real-Financial Interaction: A Cascade of Matrices Approach

UTS Working Paper No. 123
Number of pages: 26 Posted: 02 Feb 2006
University of Technology, Sydney - UTS Business School, Finance Discipline Group, Bielefeld University - Department of Business Administration and Economics, Vienna University of Technology and The New School - Department of Economics
Downloads 87 (351,432)
Citation 3

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real-financial interaction, higher-order local stability analysis, cascade of stable matricies, Tobin's average q, wage-price dynamics, Hopf bifurcation

26.

Price Flexibility and Debt Dynamics in a High Order As-Ad Model

U. of Technology, Sydney Finance and Economics Working Paper No. 109
Number of pages: 32 Posted: 05 Feb 2006
Carl Chiarella, Peter Flaschel and Willi Semmler
University of Technology, Sydney - UTS Business School, Finance Discipline Group, Bielefeld University - Department of Business Administration and Economics and The New School - Department of Economics
Downloads 79 (372,343)

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27.

De-risking of Green Investments through a Green Bond Market: Empirics and a Dynamic Model

Number of pages: 48 Posted: 22 Sep 2020
Joao Braga, Willi Semmler and Dieter Grass
New School for Social Research - Department of Economics, The New School - Department of Economics and affiliation not provided to SSRN
Downloads 77 (383,510)
Citation 1

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green bonds, innovation, climate finance, de-risking

28.

Debt Deflation, Financial Market Stress and Regime Change – Evidence from Europe Using MRVAR

ZEW - Centre for European Economic Research Discussion Paper No. 16-030
Number of pages: 40 Posted: 18 Apr 2016
Ekkehard Ernst, Willi Semmler and Alexander Haider
International Labour Organization (ILO), The New School - Department of Economics and The New School - Department of Economics
Downloads 68 (404,547)
Citation 2

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29.

Real-Financial Interaction: Integrating Supply Side Wage-Price Dynamics and the Stock Market

U. of Technology, Sydney Finance and Economics Working Paper No. 112
Number of pages: 29 Posted: 31 Jul 2010
University of Technology, Sydney - UTS Business School, Finance Discipline Group, Bielefeld University - Department of Business Administration and Economics, Vienna University of Technology and The New School - Department of Economics
Downloads 64 (417,483)

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Real-financial interaction, Tobin's average q, wage-price dynamics, higher-order local stability analysis, Hopf bifuraction

30.

Real-Financial Interaction: A Reconsideration of the Blanchard Model with a State-of-Market Dependent Reaction Coefficient

University of Technology, Sydney, Finance and Economics Working Paper No. 111
Number of pages: 38 Posted: 13 Feb 2006
University of Technology, Sydney - UTS Business School, Finance Discipline Group, Bielefeld University - Department of Business Administration and Economics, Vienna University of Technology and The New School - Department of Economics
Downloads 64 (417,483)
Citation 3

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real-financial interaction, stability, jump variable technique, expectations, phase diagram switching, persistent fluctuations, reaction coefficient, return differential

31.

Towards Applied Disequilibrium Growth Theory: Vi. Substitution, Money-Holdings, Wealth-Effects and Further Extensions

UTS Business Working Paper No. 98
Number of pages: 57 Posted: 08 Feb 2006
University of Technology, Sydney - UTS Business School, Finance Discipline Group, Bielefeld University - Department of Business Administration and Economics, affiliation not provided to SSRN, affiliation not provided to SSRN and The New School - Department of Economics
Downloads 60 (431,207)

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32.

Asset Markets and Monetary Policy

Number of pages: 27 Posted: 08 Oct 2009 Last Revised: 07 Dec 2009
Eckhard Platen and Willi Semmler
University of Technology, Sydney (UTS) - Finance Discipline Group and The New School - Department of Economics
Downloads 58 (438,371)
Citation 3

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interest rates, portfolio optimization, consumption, inflation, monetary policy, benchmark approach

33.

Real-Financial Interaction: Implications of Budget Equations and Capital Accumulation

UTS School of Finance and Economics Working Paper No. 127
Number of pages: 23 Posted: 21 Jan 2006
Carl Chiarella, Peter Flaschel and Willi Semmler
University of Technology, Sydney - UTS Business School, Finance Discipline Group, Bielefeld University - Department of Business Administration and Economics and The New School - Department of Economics
Downloads 58 (438,371)

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real-financial interactions, stability, Hopf-bifurcations, jump-variable methodology, phase diagram switches

Mind the Output Gap: The Disconnect of Growth and Inflation During Recessions and Convex Phillips Curves in the Euro Area

ECB Working Paper No. 2004
Number of pages: 59 Posted: 03 Feb 2017
Marco Gross and Willi Semmler
International Monetary Fund (IMF) and The New School - Department of Economics
Downloads 56 (452,616)
Citation 2

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Phillips curve, nonlinearity, monetary VAR, inflation targeting, monetary policy, euro area

Mind the Output Gap: The Disconnect of Growth and Inflation During Recessions and Convex Phillips Curves in the Euro Area

Oxford Bulletin of Economics and Statistics, Vol. 81, Issue 4, pp. 817-848, 2019
Number of pages: 32 Posted: 02 Jun 2020
Marco Gross and Willi Semmler
International Monetary Fund (IMF) and The New School - Department of Economics
Downloads 0
Citation 1
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35.

The Perils of Debt Deflation in the Euro Area – A Multi Regime Model

ZEW - Centre for European Economic Research Discussion Paper No. 15-071
Number of pages: 26 Posted: 30 Sep 2015
Willi Semmler and Alexander Haider
The New School - Department of Economics and The New School - Department of Economics
Downloads 55 (449,368)
Citation 2

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Debt Deflation, Secular Stagnation, Euro Area, Interest Rate Spread, Multi Regime Model

36.

Output and the Term Structure of Interest Rates: Ways Out of the Jump-Variable Conundrum

UTS School of Finance and Economics Working Paper No. 125
Number of pages: 38 Posted: 21 Jan 2006
University of Technology, Sydney - UTS Business School, Finance Discipline Group, Bielefeld University - Department of Business Administration and Economics, Vienna University of Technology and The New School - Department of Economics
Downloads 55 (449,368)
Citation 1

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real-financial interaction, term structure of interest rates, jump variable technique, postulated stability, relaxation oscillations, phase diagram switching

37.

Climate Disaster Risks - Empirics and a Multi-Phase Dynamic Model

IMF Working Paper No. 19/145
Number of pages: 48 Posted: 07 Aug 2019
Stefan Mittnik, Willi Semmler and Alexander Haider
University of Kiel - Institute of Statistics & Econometrics, The New School - Department of Economics and The New School - Department of Economics
Downloads 49 (472,557)
Citation 1

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Real sector, Economic growth, Interest costs, Interest rates on loans, Low income countries, climate economics, disaster risk, macro feedbacks, multi-phase macro model, monetary and financial policies, environmental economics, premia, large disaster, GHG, public capital

38.

Credit Cycles and Monetary Policy in a Model with Regime Switches

Number of pages: 54 Posted: 30 Nov 2018
Timm Faulwasser, Marco Gross and Willi Semmler
Karlsruhe Institute of Technology, International Monetary Fund (IMF) and The New School - Department of Economics
Downloads 49 (472,557)
Citation 2

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Nonlinearities, Inflation Targeting, Credit Cycles, Credit Risk and Credit Spreads, Phillips Curve, Conventional and Unconventional Monetary Policy

39.

Macroeconomic Variables and the Sovereign Risk Premia in EMU, Non-EMU EU, and Developed Countries

Empirica, 02/2015; DOI 10.1007/s10663-015-9286-2
Number of pages: 40 Posted: 16 Nov 2015
Arkady Gevorkyan and Willi Semmler
New School for Social Research and The New School - Department of Economics
Downloads 49 (472,557)

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debt crisis, Vector STAR, GARCH, regime-switching, euro area, financial stress

40.

The Dynamics of Negative Carbon Emissions: The Case of Forestry

Henry George School of Social Science: New Voices in Economics
Number of pages: 25 Posted: 13 Apr 2018
Erin Hayde and Willi Semmler
World Bank Group and The New School - Department of Economics
Downloads 47 (480,794)
Citation 1

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dynamic system, negative carbon emissions, forestry, carbon sink, deforestation, fiscal policy

41.

Financial Sector-Output Dynamics in the Euro Area: Non-Linearities Reconsidered

ZEW - Centre for European Economic Research Discussion Paper No. 13-068
Number of pages: 59 Posted: 30 Sep 2013
Frauke Schleer and Willi Semmler
ZEW – Leibniz Centre for European Economic Research and The New School - Department of Economics
Downloads 44 (493,743)
Citation 9

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Vector STAR, financial stress, fi nancial cycle, real economy, regimeswitching, euro area

Energy Transition, Asset Price Fluctuations, and Dynamic Portfolio Decisions

Number of pages: 24 Posted: 27 Oct 2020
Willi Semmler
The New School - Department of Economics
Downloads 20 (648,617)

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Short-termism, Decision horizon, Hyperbolic discounting

Energy Transition, Asset Price Fluctuations, and Dynamic Portfolio Decisions

Number of pages: 24 Posted: 10 Nov 2020
Willi Semmler
The New School - Department of Economics
Downloads 14 (695,742)

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Short-termism, Decision horizon, Hyperbolic discounting

Energy Transition, Asset Price Fluctuations, and Dynamic Portfolio Decisions

Number of pages: 24 Posted: 07 Nov 2020
Willi Semmler
The New School - Department of Economics
Downloads 9 (737,649)

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43.

Financial Stress, Regime Switching and Spill-Over Effects: Evidence from a Multi-Regime Global VAR Model

Number of pages: 48 Posted: 30 Jan 2017
Willi Semmler and Pu Chen
The New School - Department of Economics and Bielefeld University - Department of Business Administration and Economics
Downloads 42 (502,629)
Citation 2

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international contagion, spillover effects, regime dependency, regime switching, Multi-Regime Global VAR

44.

Investing to Mitigate and Adapt to Climate Change: A Framework Model

IMF Working Paper No. 16/164
Number of pages: 47 Posted: 09 Dec 2016
Labour Market Information Council (LMIC), International Monetary Fund (IMF), The New School - Department of Economics and Goethe University Frankfurt - Department of Accounting and Auditing
Downloads 40 (511,930)

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Climatic changes, Public investment, Government expenditures, Econometric models, Climate Change, Fiscal Policy, Public Capital, Nonlinear Model Predictive Control

45.

Macroeconomic Regimes, Technological Shocks and Employment Dynamics

Number of pages: 36 Posted: 31 May 2016
Tommaso Ferraresi, Andrea Roventini and Willi Semmler
Istituto Regionale Programmazione Economica Toscana (IRPET), Scuola Superiore Sant'Anna di Pisa - Laboratory of Economics and Management (LEM) and The New School - Department of Economics
Downloads 40 (511,930)
Citation 1

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technology shocks, employment, threshold vector autoregression, generalized impulse response functions

46.

Towards Applied Disequilibrium Growth Theory: Vii Intensive Form and Steady State Calculation in the Case of Substitution

University of Technology Sydney Finance, Economics Working Paper No. 99
Number of pages: 41 Posted: 06 Feb 2006
Carl Chiarella, Peter Flaschel and Willi Semmler
University of Technology, Sydney - UTS Business School, Finance Discipline Group, Bielefeld University - Department of Business Administration and Economics and The New School - Department of Economics
Downloads 39 (516,566)

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47.

Financing Climate Change Policies: A Multi-Phase Integrated Assessment Model for Mitigation and Adaptation

Number of pages: 38 Posted: 06 Jun 2019
Willi Semmler, Helmut Maurer and Tony Bonen
The New School - Department of Economics, University of Muenster and Labour Market Information Council (LMIC)
Downloads 32 (552,150)

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Climate Change, Multi-phase Fiscal and Financial Policies, IAM with Optimal Control, Environmental Economics

48.

Georg Hegel on Social Inequality and Lessons from History for the Modern Welfare State

Number of pages: 12 Posted: 12 Mar 2021
Aleksandr V. Gevorkyan and Willi Semmler
St. John's University and The New School - Department of Economics
Downloads 29 (569,035)

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economic development, Georg Hegel, inequality, welfare state

49.

Nonlinear Credit Dynamics, Regime Switches in the Output Gap and Supervisory Shocks

Number of pages: 42 Posted: 16 Aug 2019 Last Revised: 04 Sep 2019
Francesco Simone Lucidi and Willi Semmler
Sapienza University of Rome and The New School - Department of Economics
Downloads 28 (575,099)
Citation 1

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Nonlinear quadratic model, regime switching, local projection, credit cycle

50.

Cooperative Monetary and Fiscal Policies in the Euro-Area

Number of pages: 18 Posted: 05 Sep 2017
Willi Semmler and Alexander Haider
The New School - Department of Economics and The New School - Department of Economics
Downloads 27 (581,160)

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Monetary and Fiscal Policy, EU- Area, Cooperative Game

51.

Destabilizing Effects of Bank Overleveraging on Real Activity - An Analysis Based on a Threshold MCS-GVAR

ECB Working Paper No. 2081
Number of pages: 24 Posted: 28 Jun 2017
Marco Gross, Jerome Henry and Willi Semmler
International Monetary Fund (IMF), European Central Bank (ECB) and The New School - Department of Economics
Downloads 26 (587,610)
Citation 2

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macro-financial linkages, overleveraging, credit supply

52.

Supervisory Shocks to Banks’ Credit Standards and Their Macro Impact

Number of pages: 33 Posted: 20 Feb 2020 Last Revised: 14 Dec 2020
Francesco Simone Lucidi and Willi Semmler
Sapienza University of Rome and The New School - Department of Economics
Downloads 25 (593,967)

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credit standards, credit shocks, banks management, IV-local projection

53.

Estimating Multi-Modality and Inflection in Wealth Disparity

Number of pages: 47 Posted: 15 Jan 2019
Damien Parker and Willi Semmler
The New School - Department of Economics and The New School - Department of Economics
Downloads 22 (614,069)

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density derivatives, varied bandwidths, combined density estimates, inflection points, multi-modality, economic inequality

54.

Escape Routes from Sovereign Default Risk in the Euro Area

ZEW - Centre for European Economic Research Discussion Paper No. 15-020
Number of pages: 29 Posted: 17 Apr 2015
Willi Semmler and Christian R. Proaño
The New School - Department of Economics and The New School for Social Research
Downloads 21 (620,750)

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Sovereign default risk, financial stress, macroeconomic dynamics, euro crisis

55.

Endogenous Growth: Estimating the Romer Model for the Us and Germany

Number of pages: 18 Posted: 25 May 2004
Gang Gong, Alfred Greiner and Willi Semmler
Tsinghua University - School of Economics & Management, Bielefeld University - Department of Business Administration and Economics and The New School - Department of Economics
Downloads 21 (620,750)
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56.

Financial Fragility, Regime Switching and Monetary Policy - With Application to Emerging Markets

Number of pages: 41 Posted: 12 Feb 2021
Willi Semmler and Marieme Toure
The New School - Department of Economics and The New School - Department of Economics
Downloads 18 (641,831)

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57.

Optimal Control of a Global Model of Climate Change with Adaptation and Mitigation

IMF Working Paper No. 18/270
Number of pages: 21 Posted: 14 Jan 2019
Florida State University - Department of Economics, International Monetary Fund (IMF), University of Muenster and The New School - Department of Economics
Downloads 18 (641,831)

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Fiscal policy, Climate Change, Optimal Control, Environmental Economics, Environmental Economics: Government Policy

58.

Hedging, Speculation, and Investment in Balance-Sheet Triggered Currency Crises

Australian Economic Papers, Vol. 46, No. 3, pp. 224-233, September 2007
Number of pages: 10 Posted: 14 Sep 2007
Andreas Röthig, Willi Semmler and Peter Flaschel
Deutsche Bundesbank, The New School - Department of Economics and Bielefeld University - Department of Business Administration and Economics
Downloads 18 (641,831)
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59.

Poverty Traps and Disaster Insurance in a Bi-Level Decision Framework

Number of pages: 29 Posted: 31 Jan 2020
Raimund M. Kovacevic and Willi Semmler
University of Vienna and The New School - Department of Economics
Downloads 16 (656,021)

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disaster insurance, trapping probability, and poverty traps

60.

Testing Wage and Price Phillips Curves for the United States

Metroeconomica, Vol. 58, No. 4, pp. 550-581, November 2007
Number of pages: 32 Posted: 26 Oct 2007
Peter Flaschel, Göran Kauermann and Willi Semmler
Bielefeld University - Department of Business Administration and Economics, Technische Universität Berlin (TU Berlin) and The New School - Department of Economics
Downloads 14 (670,709)
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61.

Stability in Regime Switching VAR

Number of pages: 11 Posted: 04 Mar 2021
Pu Chen, Chih-Ying Hsiaoy and Willi Semmler
Melbourne Institute of Technology, Commonwealth Bank of Australia and The New School - Department of Economics
Downloads 9 (709,170)

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Regime switching models, SETAR, Stationarity, Joint spectral radius

62.

The US Wage Phillips Curve Across Frequencies and Over Time

Oxford Bulletin of Economics and Statistics, Vol. 73, Issue 4, pp. 489-508, 2011
Number of pages: 20 Posted: 22 Jun 2011
Polytechnic University of Marche - Faculty of Economics, Polytechnic University of Marche - Faculty of Economics, affiliation not provided to SSRN and The New School - Department of Economics
Downloads 3 (756,088)
Citation 7
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C63, E24, E31

63.

Stock‐Flow Interactions, Disequilibrium Macroeconomics and the Role of Economic Policy

Journal of Economic Surveys, Vol. 25, Issue 3, pp. 569-599, 2011
Number of pages: 31 Posted: 20 May 2011
Chuo University, University of Technology, Sydney - UTS Business School, Finance Discipline Group, Bielefeld University - Department of Business Administration and Economics, affiliation not provided to SSRN, Bielefeld University and The New School - Department of Economics
Downloads 3 (756,088)
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Demand drive distributive cycles, Fiscal policy measures, Portfolio choice, Real‐financial market interaction

64.

Transitioning Out of Poverty

Metroeconomica, Vol. 61, No. 1, pp. 68-95, February 2010
Number of pages: 28 Posted: 22 Dec 2009
David M. Brasington, Mika Kato and Willi Semmler
University of Cincinnati - Department of Economics, Howard University and The New School - Department of Economics
Downloads 2 (765,609)
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65.

Asset Prices, Output and Monetary Policy in a Small Open Economy

Metroeconomica, Vol. 59, Issue 4, pp. 666-686, November 2008
Number of pages: 21 Posted: 08 Oct 2008
Christopher Malikane and Willi Semmler
School of Economic and Business Sciences, University of the Witwatersrand and The New School - Department of Economics
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66.

Credit Cycles, Regime Switching and Monetary Policy

Posted: 27 Oct 2020
Willi Semmler
The New School - Department of Economics

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in ation targeting, credit cycles, credit spread, nonlinear Phillips curve, unconventional monetary policy, RS-VAR

67.

Interaction of Labour and Credit Market in Growth Regimes: A Theoretical and Empirical Analysis 

Economic Notes, Vol. 45, Issue 3, pp. 393-422, 2016
Number of pages: 30 Posted: 06 Oct 2016
Ekkehard Ernst, Stefan Mittnik and Willi Semmler
International Labour Organization (ILO), University of Kiel - Institute of Statistics & Econometrics and The New School - Department of Economics
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68.

Debt Sustainability in the European Monetary Union: Theory and Empirical Evidence for Selected Countries

Oxford Economic Papers, Vol. 59, Issue 2, pp. 194-218, 2007
Posted: 24 Jun 2008
Alfred Greiner, Uwe Köller and Willi Semmler
Bielefeld University - Department of Business Administration and Economics, affiliation not provided to SSRN and The New School - Department of Economics

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JEL classifications: H63, E62

69.

Default Risk, Asset Pricing, and Debt Control

Journal of Financial Econometrics, Vol. 3, pp. 79-106, 2005
Posted: 29 Feb 2008
Lars Grüne and Willi Semmler
University of Bayreuth - Mathematical Institute and The New School - Department of Economics

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default risk, asset value, bond pricing, debt control, dynamic programming

70.

Credit Risk and Sustainable Debt: A Model and Estimations of Why the Euro is Stable in the Long-Run

Economic Modelling, Vol. 21, No. 6, pp. 1145-1160, December 2004
Posted: 22 Feb 2006
Willi Semmler and Peter Woehrmann
The New School - Department of Economics and University of Zurich

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Credit Risk, Sustainable Debt, Euro, Estimation

71.

Statistical Estimation and Moment Evaluation of a Stochastic Growth Model with Asset Market Restrictions

Economic Behavior & Organization, Vol. 44, No. 1, January 1, 2001
Posted: 23 Sep 2001
Martin Lettau, Gang Gong and Willi Semmler
University of California - Haas School of Business, Tsinghua University - School of Economics & Management and The New School - Department of Economics

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72.

Endogenous Growth, Government Debt and Budgetary Regimes

Posted: 22 Sep 2000
Alfred Greiner and Willi Semmler
Bielefeld University - Department of Business Administration and Economics and The New School - Department of Economics

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73.

Market Share Instability and Stock Price Volatility During the Industry Life-Cycle: The Us Automobile Industry

Posted: 24 Feb 1999
Mariana Mazzucato and Willi Semmler
The Open University and The New School - Department of Economics

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74.

Saddle Path Stability, Fluctuations and Indeterminacy in Economic Growth

STUDIES IN NONLINEAR DYNAMICS AND ECONOMETRICS, Vol. 1, No. 2
Posted: 24 Mar 1997
Alfred Greiner and Willi Semmler
Bielefeld University - Department of Business Administration and Economics and The New School - Department of Economics

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