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

  • The New School - Department of Economics

  • Universitaet Bielefeld

  • IIASA

SCHOLARLY PAPERS

80

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14,876

TOTAL CITATIONS
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Top 9,479

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151

Scholarly Papers (80)

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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
Willi Semmler, Alfred Greiner, Bobo Diallo, Armon Rezai and Anand Rajaram
The New School - Department of Economics, Bielefeld University - Department of Business Administration and Economics, New School University, New School University and World Bank
Downloads 1,388 (30,176)

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

2.

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
Dirk Heine, Dirk Heine, Willi Semmler, Mariana Mazzucato, Joao Paulo Braga, Arkady Gevorkyan, Erin Kate Hayde and Siavash Radpour
University of Hamburg - Institute of Law and EconomicsErasmus University Rotterdam (EUR) - Rotterdam Institute of Law and Economics, The New School - Department of Economics, University College London - Institute for Innovation and Public Purpose, New School for Social Research, New School for Social Research, World Bank and Schwartz Center for Economic Policy Analysis (SCEPA), The New School
Downloads 813 (64,370)
Citation 6

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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

3.

A Proposal for a Carbon Wealth Tax: Modelling, Empirics, and Policy

Number of pages: 35 Posted: 01 Jun 2022
Jose Pedro Bastos Neves and Willi Semmler
The New School - Department of Economics and The New School - Department of Economics
Downloads 810 (64,701)
Citation 4

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Climate Change; Taxation; Wealth

4.

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 634 (88,875)
Citation 9

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Global warming, renewable energy, economic growth

5.

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 604 (94,570)
Citation 3

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6.

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
Sergey Orlov, Elena Rovenskaya, Julia M. Puaschunder and Willi Semmler
International Institute for Applied Systems Analysis (IIASA), International Institute for Applied Systems Analysis (IIASA), Columbia University and The New School - Department of Economics
Downloads 549 (106,615)
Citation 5

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

7.

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 465 (130,466)
Citation 5

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

8.

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 384 (162,919)
Citation 18

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

9.

Inflation: Demand Pull or Cost Push? A Markov Switching Approach

Number of pages: 14 Posted: 02 Feb 2024
Pu Chen and Willi Semmler
Curtin University and The New School - Department of Economics
Downloads 331 (191,697)

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Markov switching models, Inflation, Cost-push and demand-pull

10.

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 311 (205,550)

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Okun's law, Productivity, Unemployment

11.

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 310 (205,550)

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renewable products, agricultural commodities, food shortages, financialization

12.

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 303 (210,673)
Citation 4

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inflation-indexed bonds, intertemporal asset allocation, inflationary expectations

13.

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 296 (215,881)
Citation 3

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

14.

Energy Transition, Asset Price Fluctuations, and Dynamic Portfolio Decisions

Downloads 276 (232,148)
Citation 4

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 148 (414,253)
Citation 1

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Short-termism, Decision horizon, Hyperbolic discounting

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 80 (649,209)

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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 48 (845,580)
Citation 3

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15.

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
Michael Flaherty, Arkady Gevorkyan, Siavash Radpour and Willi Semmler
The New School - Department of Economics, New School for Social Research, Schwartz Center for Economic Policy Analysis (SCEPA), The New School and The New School - Department of Economics
Downloads 268 (239,222)
Citation 10

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

16.

Rare Earth Elements: A Game between China and the Rest of the World

Number of pages: 26 Posted: 27 Feb 2023
Behnaz Minooei Fard, Willi Semmler and Giovanni Di Bartolomeo
Università Ca' Foscari Venezia - Department of Economics, The New School - Department of Economics and Sapienza University of Rome, Department of Economics and Law
Downloads 258 (248,542)

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Rare earth elements, differential games, non-linear model predictive control.

17.

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 241 (266,019)

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

18.

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 236 (271,449)
Citation 1

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green bonds, innovation, climate finance, de-risking

19.

Disparity in Wealth Accumulation: A Financial Market Approach

Number of pages: 39 Posted: 05 Feb 2016 Last Revised: 08 Feb 2016
Raphaele Chappe, Raphaele Chappe and Willi Semmler
Drew UniversityThe Predistribution Initiative and The New School - Department of Economics
Downloads 204 (312,062)
Citation 3

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

20.

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 Potsdam-Institut für Klimafolgenforschung (PIK)
Downloads 201 (316,290)

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

21.

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 199 (319,285)
Citation 4

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

22.

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 195 (325,240)
Citation 4

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

23.

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 195 (325,240)
Citation 8

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

24.

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 192 (329,923)
Citation 1

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25.

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 187 (339,711)
Citation 3

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

26.

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
Carl Chiarella, Peter Flaschel, Reiner Franke and Willi Semmler
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 184 (343,086)
Citation 1

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27.

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 169 (369,910)
Citation 1

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

28.

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 164 (379,658)
Citation 4

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29.

Limit Pricing and Entry Game of Renewable Energy Firms into the Energy Sector

Number of pages: 25 Posted: 02 Sep 2021
Willi Semmler, Giovanni Di Bartolomeo, Behnaz Minooei Fard and Joao Braga
The New School - Department of Economics, Sapienza University of Rome, Department of Economics and Law, Università Ca' Foscari Venezia - Department of Economics and New School for Social Research - Department of Economics
Downloads 162 (383,568)
Citation 1

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Global warming, renewable energy, limit pricing, strategic entry game, and non-linear model predictive control.

30.

Quantifying the Impact of Structural Reforms

ECB Working Paper No. 666
Number of pages: 41 Posted: 22 Aug 2006
Ekkehard Ernst, Gang Gong, Gang Gong, Lina Bukeviciute and Willi Semmler
International Labour Organization (ILO), Tsinghua University - School of Economics & ManagementUniversity of Bielefeld, European Central Bank (ECB) and The New School - Department of Economics
Downloads 161 (385,580)

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

31.

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 158 (391,900)
Citation 5

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32.

Resilience and Complex Dynamics — Safeguarding Local Stability Against Global Instability

Number of pages: 43 Posted: 04 Mar 2023 Last Revised: 11 Apr 2023
Willi Semmler, Fabio Della Rossa, Giuseppe Orlando, Gabriel R. Padró and Levent Kockesen
The New School - Department of Economics, Polytechnic of Milan - Department of Electronics, Information, and Bioengineering, Università degli Studi di Bari “Aldo Moro” (UNIBA) - Department of Economics and Mathematical Methods, New School for Social Research and Koc University - Department of Economics
Downloads 157 (394,045)

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Resilience, complex dynamic models, regime change model, limit cycles, disruptive contractions

33.

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
Carl Chiarella, Peter Flaschel, Reiner Franke and Willi Semmler
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 153 (402,694)
Citation 4

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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

34.

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 152 (404,852)

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35.

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 149 (411,577)

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economic development, Georg Hegel, inequality, welfare state

36.

Heterogeneous Households, Wealth Disparity and Unconventional Monetary Policy

Number of pages: 50 Posted: 18 Nov 2021 Last Revised: 15 Aug 2022
Damien Parker and Willi Semmler
The New School - Department of Economics and The New School - Department of Economics
Downloads 139 (434,938)
Citation 1

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Wealth disparity, quantitative easing, weighted expectation maximization, cluster modeling, malhalanobis distance, inequality, data science

37.

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

Number of pages: 39 Posted: 12 Feb 2021 Last Revised: 02 Feb 2022
Willi Semmler and Marieme Toure
The New School - Department of Economics and The New School - Department of Economics
Downloads 136 (442,487)
Citation 1

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38.

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 134 (447,743)
Citation 2

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39.

Wage – Price Dynamics and Financial Market in a Disequilibrium Macro Model: A Keynes – Kaldor – Minsky Modeling of Recession and Inflation Using VECM

Number of pages: 31 Posted: 31 May 2023
Willi Semmler and Pu Chen
The New School - Department of Economics and Curtin University
Downloads 132 (453,180)
Citation 2

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Nonlinear Phillips curve, inflation dynamics, dynamic disequilibrium model, wage price dynamics, delay effects, mixed Vector Error Correction Model (VECM)

40.

Long-run scarring effects of meltdowns in a small-scale nonlinear quadratic model

Number of pages: 26 Posted: 16 Aug 2019 Last Revised: 22 Feb 2022
Francesco Simone Lucidi and Willi Semmler
University of Naples Federico II and The New School - Department of Economics
Downloads 123 (479,026)
Citation 2

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credit cycles, credit spread, inflation targeting, nonlinear Phillips curve, unconventional monetary policy

41.

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 120 (488,266)
Citation 3

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

42.

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 119 (491,313)
Citation 1

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

43.

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
Carl Chiarella, Peter Flaschel, Gangolf Groh, Carsten Koper and Willi Semmler
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 114 (507,541)

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44.

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
Carl Chiarella, Peter Flaschel, Reiner Franke and Willi Semmler
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 112 (514,204)
Citation 3

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

45.

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 111 (517,683)
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

46.

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 Münster and Labour Market Information Council (LMIC)
Downloads 111 (517,683)

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

47.

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 110 (521,166)
Citation 2

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

48.

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 105 (539,187)

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

49.

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 105 (539,187)
Citation 2

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

50.

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
Carl Chiarella, Peter Flaschel, Reiner Franke and Willi Semmler
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 104 (542,908)
Citation 1

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

51.

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
Carl Chiarella, Peter Flaschel, Reiner Franke and Willi Semmler
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 103 (546,778)

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

52.

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 101 (554,396)

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

53.

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 100 (558,230)
Citation 2

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

54.

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 99 (562,049)
Citation 1

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

55.

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
Tony Bonen, Prakash Loungani, Willi Semmler and Sebastian Koch
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 97 (569,638)

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

56.

Stability in Regime Switching VAR

Number of pages: 11 Posted: 04 Mar 2021
Pu Chen, Chih-Ying Hsiaoy and Willi Semmler
Curtin University, Commonwealth Bank of Australia and The New School - Department of Economics
Downloads 96 (573,445)

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Regime switching models, SETAR, Stationarity, Joint spectral radius

57.

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 92 (589,021)

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Monetary and Fiscal Policy, EU- Area, Cooperative Game

58.

Endogenous Economic Resilience, Loss of Resilience, Persistent Cycles, Multiple Attractors, and Disruptive Contractions

Number of pages: 38 Posted: 27 Dec 2022
Levent Kockesen, Willi Semmler and Gabriel R. Padró
Koc University - Department of Economics, The New School - Department of Economics and New School for Social Research
Downloads 90 (597,080)

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Resilience complex, dynamic models, regime change model, smooth transition regression models, estimation of limit cycles, disruptive contractions

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 89 (601,111)

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disaster insurance, trapping probability, and poverty traps

60.

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 88 (605,316)
Citation 12

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

61.

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 86 (613,947)
Citation 1

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

62.

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 81 (635,721)

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63.

Re-evaluating sustainable sovereign debt: A theoretic and econometric evaluation of the suggested new EU fiscal rule

Bielefeld Working Papers in Economics and Management
Number of pages: 29 Posted: 07 Mar 2024
Alfred Greiner, Francesco Simone Lucidi, Benjamin Owusu and Willi Semmler
Bielefeld University - Department of Business Administration and Economics, University of Naples Federico II, Bielefeld University - Department of Business Administration and Economics and The New School - Department of Economics
Downloads 79 (644,918)

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Public debt, primary surplus, fiscal rule, sustainability

64.

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
Manoj Atolia, Prakash Loungani, Helmut Maurer and Willi Semmler
Florida State University - Department of Economics, International Monetary Fund (IMF), University of Münster and The New School - Department of Economics
Downloads 78 (649,472)
Citation 1

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

65.

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 75 (663,602)

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

66.

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 73 (673,412)
Citation 2

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macro-financial linkages, overleveraging, credit supply

67.

Recycling of Rare Earth Elements in the United States: A Comprehensive Analysis

Number of pages: 21 Posted: 09 Nov 2024
Behnaz Minooei Fard and Willi Semmler
Università Ca' Foscari Venezia - Department of Economics and The New School - Department of Economics
Downloads 65 (715,745)

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Rare earth elements, Nonlinear Model Predictive control, circular economy

68.

Central Banks, Climate Risks, and Energy Transition – A Dynamic Macro Model and Econometric Evidence

Number of pages: 55 Posted: 24 Apr 2024 Last Revised: 06 May 2024
Joao Braga, Pu Chen and Willi Semmler
New School for Social Research - Department of Economics, Curtin University and The New School - Department of Economics
Downloads 65 (715,745)

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multiple objectives, dynamics with stationary and non-stationary variables, climate finance, delay effects of policies, mixed VECM models, Pareto front for objectives

69.

Losing the Battles but Winning the War: A Game-Theoretic Analysis of the U.S.-China Trade Dispute

Number of pages: 40 Posted: 26 Feb 2025
Pu Chen and Willi Semmler
Curtin University and The New School - Department of Economics
Downloads 44 (866,082)

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70.

European Sovereign Debt Control through Deep Reinforcement Learning and NMPC 

Number of pages: 26 Posted: 14 Feb 2025
Tato Khundadze and Willi Semmler
The New School and The New School - Department of Economics
Downloads 33 (968,087)

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Fiscal Policy, Nonlinear Model Predictive Control, Euro Area JEL Classification: C45, E62, E63, Deep Reinforcement Learning, Soft Actor-Critic

71.

Carbon Tax versus Renewable Energy Innovation: Theoretical Insights and Empirical Evidence 1

Number of pages: 45 Posted: 24 Feb 2025
Amit Roy, Pu Chen and Willi Semmler
affiliation not provided to SSRN, Curtin University and The New School - Department of Economics
Downloads 8 (1,251,663)

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72.

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

73.

Supervisory Shocks to Banks’ Credit Standards and Their Macro Impact

Posted: 20 Feb 2020 Last Revised: 07 Dec 2021
Francesco Simone Lucidi and Willi Semmler
University of Naples Federico II and The New School - Department of Economics

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

74.

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

75.

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

76.

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

77.

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, Gang Gong and Willi Semmler
University of California - Haas School of Business, Tsinghua University - School of Economics & ManagementUniversity of Bielefeld and The New School - Department of Economics

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78.

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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79.

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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80.

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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