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

58

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5,503

CITATIONS
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Top 12,835

in Total Papers Citations

30

Scholarly Papers (58)

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 1,125 (16,620)
Citation 3

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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 506 (50,345)
Citation 2

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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 436 (60,547)
Citation 1

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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 366 (74,591)
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 275 (102,631)

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

6.

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 193 (145,868)

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renewable products, agricultural commodities, food shortages, financialization

7.

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 175 (160,211)

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

8.

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 162 (170,488)

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inflation-indexed bonds, intertemporal asset allocation, inflationary expectations

9.

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

CESifo Working Paper Series No. 1386
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 144 (188,159)
Citation 2

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

10.

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 133 (200,482)
Citation 1

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

11.

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 116 (222,655)

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12.

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 111 (229,933)

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13.

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 108 (234,462)

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

14.

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 105 (239,085)

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

15.

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 100 (247,364)
Citation 2

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

16.

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 93 (259,356)
Citation 4

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17.

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
The New School for Social Research and The New School - Department of Economics
Downloads 92 (261,214)

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

18.

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
Centre for European Economic Research (ZEW), The New School - Department of Economics and Centre for European Economic Research (ZEW)
Downloads 89 (266,706)

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

19.

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 79 (286,849)
Citation 2

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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

20.

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 76 (293,437)

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Okun's law, Productivity, Unemployment

21.

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 and The New School - Department of Economics
Downloads 66 (317,171)

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22.

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 66 (317,171)

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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
The New School for Social Research, Students and The New School - Department of Economics
Downloads 59 (335,766)

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

24.

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, The New School for Social Research, The New School - Department of Economics and The New School - Department of Economics
Downloads 58 (338,527)

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

25.

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 58 (338,527)

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

26.

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 55 (347,302)
Citation 2

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

27.

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 55 (347,302)

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

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 54 (350,329)

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29.

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 52 (356,528)

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30.

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) - School of Finance and Economics and The New School - Department of Economics
Downloads 50 (362,709)

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

31.

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 50 (362,709)
Citation 1

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

32.

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 43 (385,873)

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

33.

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 41 (392,915)

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

34.

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
The New School for Social Research and The New School - Department of Economics
Downloads 39 (400,153)

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

35.

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
Centre for European Economic Research (ZEW) and The New School - Department of Economics
Downloads 35 (416,029)

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

36.

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
International Monetary Fund (IMF), International Monetary Fund (IMF), The New School - Department of Economics and Goethe University Frankfurt - Department of Accounting and Auditing
Downloads 34 (419,948)

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

37.

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 34 (419,948)

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38.

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 29 (441,459)

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

39.

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 28 (446,175)

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

40.

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

Oxford Bulletin of Economics and Statistics, Vol. 66, No. 2, pp. 147-164, May 2004
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 (482,814)
Citation 1
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41.

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 (499,212)
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42.

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 17 (504,637)
Citation 1

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Monetary and Fiscal Policy, EU- Area, Cooperative Game

43.

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, Jérôme Henry and Willi Semmler
International Monetary Fund (IMF), European Central Bank (ECB) and The New School - Department of Economics
Downloads 14 (521,248)

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macro-financial linkages, overleveraging, credit supply

44.

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 14 (521,248)

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

45.

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 (521,248)
Citation 5
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46.

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 6 (564,795)

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

47.

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 (582,083)
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Demand drive distributive cycles, Fiscal policy measures, Portfolio choice, Real‐financial market interaction

48.

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
Università Politecnica delle Marche - Faculty of Economics, Università Politecnica delle Marche - Faculty of Economics, affiliation not provided to SSRN and The New School - Department of Economics
Downloads 2 (590,441)
Citation 1
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C63, E24, E31

49.

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 (590,441)
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50.

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
Downloads 2 (590,441)
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51.

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
Downloads 0 (617,271)
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52.

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

53.

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

Abstract:

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

54.

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

55.

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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56.

Endogenous Growth, Government Debt and Budgetary Regimes

Journal of Macroeconomics, Vol. 22, No. 3, Summer 2000
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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57.

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

Journal of Evolutionary Economics, Vol. 9, Issue 1, 1999
Posted: 24 Feb 1999
Mariana Mazzucato and Willi Semmler
The Open University and The New School - Department of Economics

Abstract:

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58.

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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