Klaus Wälde

University of Mainz

Professor

Mainz School of Management and Economics

Mainz, 55128

Germany

http://www.waelde.com

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5

Munich, DE-81679

Germany

UCL at Louvain la Neuve

Extramural Fellow

Place Montesquieu, 3

Louvain-la-Neuve, 1348

Belgium

SCHOLARLY PAPERS

23

DOWNLOADS
Rank 21,453

SSRN RANKINGS

Top 21,453

in Total Papers Downloads

2,461

SSRN CITATIONS
Rank 13,691

SSRN RANKINGS

Top 13,691

in Total Papers Citations

22

CROSSREF CITATIONS

54

Scholarly Papers (23)

1.

'Ito's Lemma' and the Bellman Equation for Poisson Processes: An Applied View

CESifo Working Paper Series No. 1684
Number of pages: 35 Posted: 31 Mar 2006
Ken Sennewald and Klaus Wälde
Ifo Institute for Economic Research and University of Mainz
Downloads 647 (43,891)
Citation 6

Abstract:

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stochastic differential equation, Poisson process, Bellman equation, portfolio optimization, consumption optimization

2.
Downloads 269 (123,682)
Citation 5

How Trade Unions Increase Welfare

Gutenberg School of Management and Economics Discussion Paper No. 1010
Number of pages: 26 Posted: 10 Sep 2010
Alejandro Donado and Klaus Wälde
Frankfurt School of Finance & Management gemeinnützige GmbH and University of Mainz
Downloads 205 (161,901)
Citation 5

Abstract:

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occupational health and safety, trade unions, welfare

How Trade Unions Increase Welfare

CESifo Working Paper Series No. 3618
Number of pages: 25 Posted: 26 Oct 2011
Alejandro Donado and Klaus Wälde
Frankfurt School of Finance & Management gemeinnützige GmbH and University of Mainz
Downloads 64 (380,098)

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occupational health and safety, trade unions, welfare

3.

Trade Unions Go Global!

CESifo Working Paper Series No. 2368
Number of pages: 40 Posted: 26 Aug 2008 Last Revised: 10 Sep 2008
Alejandro Donado and Klaus Wälde
Frankfurt School of Finance & Management gemeinnützige GmbH and University of Mainz
Downloads 266 (125,667)

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occupational health and safety, trade unions, international trade, welfare

4.

How Bad is Globalization for Labour Standards in the North?

Gutenberg School of Management and Economics Discussion Paper No. 1011
Number of pages: 29 Posted: 10 Sep 2010
Alejandro Donado and Klaus Wälde
Frankfurt School of Finance & Management gemeinnützige GmbH and University of Mainz
Downloads 151 (212,157)
Citation 2

Abstract:

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occupational health and safety, trade unions, international trade, welfare

5.

Endogenous Business Cycles and Growth

Number of pages: 32 Posted: 21 Apr 2003
Klaus Wälde
University of Mainz
Downloads 133 (234,981)

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Endogenous Fluctuations and Growth, Uncertainty Under Continuous Time

6.

Applied Intertemporal Optimization

Number of pages: 318 Posted: 23 Feb 2010
Klaus Wälde
University of Mainz
Downloads 132 (236,352)
Citation 3

Abstract:

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Intertemporal optimization, maximization, discrete time, continuous time, certainty, uncertainty, inserting, Lagrange; Hamiltonian, Dynamic Programming; Bellman equation, Ito's Lemma, Brownian motion, Poisson process, natural volatility

7.
Downloads 130 (239,127)
Citation 5

On the Link Between Volatility and Growth

Journal of Economic Growth, Vol. 16, No. 4, 2011
Number of pages: 43 Posted: 19 Aug 2009 Last Revised: 17 Jun 2012
Olaf Posch and Klaus Wälde
Universität Hamburg, Department of Economics and University of Mainz
Downloads 78 (340,246)
Citation 4

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Tax effects, Volatility measures, Poisson uncertainty, Endogenous cycles and growth, Continuous-time DSGE models

Natural Volatility, Welfare and Taxation

CESifo Working Paper Series No. 1748
Number of pages: 35 Posted: 14 Jul 2006
Olaf Posch and Klaus Wälde
Universität Hamburg, Department of Economics and University of Mainz
Downloads 52 (421,388)

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endogenous fluctuations and growth, welfare analysis, taxation, stochastic continuous time model, poisson uncertainty

8.

Bequests, Taxation and the Distribution of Wealth in a General Equilibrium Model

CESifo Working Paper Series No. 1723
Number of pages: 34 Posted: 01 Jun 2006
Christian Kleiber, Martin Sexauer and Klaus Wälde
University of Dortmund - Department of Statistics, KPMG, Germany and University of Mainz
Downloads 106 (277,371)

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bequest, taxation, wealth inequality, OLG model, analytical solution

9.

Pareto-Improving Unemployment Policies

CESifo Working Paper Series No. 1807
Number of pages: 34 Posted: 18 Oct 2006
Jörg Lingens and Klaus Wälde
University of Regensburg - Department of Economics and Econometrics and University of Mainz
Downloads 77 (339,409)

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inequality, unemployment, taxation, policy reform

Estimating Incentive and Welfare Effects of Non-Stationary Unemployment Benefits

CESifo Working Paper Series No. 3069
Number of pages: 47 Posted: 08 Jun 2010
Andrey Launov and Klaus Wälde
University of Wuerzburg and University of Mainz
Downloads 56 (406,952)

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non-stationary unemployment benefits, endogenous effort, matching model, structural estimation, Semi-Markov process

Estimating Incentive and Welfare Effects of Non-Stationary Unemployment Benefits

IZA Discussion Paper No. 4958
Number of pages: 44 Posted: 29 Jun 2010
Andrey Launov and Klaus Wälde
University of Wuerzburg and University of Mainz
Downloads 18 (600,153)

Abstract:

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non-stationary unemployment benefits, endogenous effort, matching model, structural estimation, semi-Markov process

11.

Production Technologies in Stochastic Continuous Time Models

CESifo Working Paper Series No. 2831
Number of pages: 16 Posted: 09 Dec 2009
Klaus Wälde
University of Mainz
Downloads 66 (369,346)

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dynamic stochastic general equilibrium models, closed-form solution, continuous time, jump diffusion

On the Estimation of the Volatility-Growth Link

CREATES Research Paper 2012-21
Number of pages: 12 Posted: 08 Oct 2014 Last Revised: 23 Sep 2019
Andrey Launov, Olaf Posch and Klaus Wälde
University of Wuerzburg, Universität Hamburg, Department of Economics and University of Mainz
Downloads 40 (475,349)

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Volatility and growth; Volatility-growth regression; Endogenous variance; Unbiased estimates

On the Estimation of the Volatility-Growth Link

CESifo Working Paper Series No. 5018
Number of pages: 11 Posted: 04 Nov 2014
Andrey Launov, Olaf Posch and Klaus Wälde
University of Wuerzburg, Universität Hamburg, Department of Economics and University of Mainz
Downloads 22 (572,043)

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volatility and growth, growth regression, endogenous variance, unbiased estimates

13.

Matching and Saving in Continuous Time: Theory

CESifo Working Paper Series No. 3026
Number of pages: 32 Posted: 02 May 2010
Christian Bayer and Klaus Wälde
Weierstras Institute for Applied Analysis and Stochastics (WIAS) and University of Mainz
Downloads 62 (384,486)

Abstract:

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matching model, optimal saving, incomplete markets, Poisson uncertainty, Fokker-Planck equations, general equilibrium

14.

International Competition, Slim Firms and Wage Inequality

Number of pages: 29 Posted: 17 Sep 2004
Klaus Wälde and Pia Weiss
University of Mainz and Nottingham University Business School
Downloads 57 (397,427)
Citation 1

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international trade, wage inequality, foreign competition, free entry and exit

15.

Current Emotion Research in Economics

IZA Discussion Paper No. 10261
Number of pages: 17 Posted: 10 Oct 2016
Klaus Wälde and Agnes Moors
University of Mainz and KU Leuven
Downloads 44 (444,421)
Citation 2

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emotions, decision making, theory

16.

The Employment Effect of Reforming a Public Employment Agency

CESifo Working Paper Series No. 5477
Number of pages: 43 Posted: 18 Sep 2015
Andrey Launov and Klaus Wälde
University of Wuerzburg and University of Mainz
Downloads 31 (502,319)

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employment agencies, unemployment benefits, labour market reform, unemployment, structural model

17.

Thumbscrews for Agencies or for Individuals? How to Reduce Unemployment

IZA Discussion Paper No. 7659
Number of pages: 37 Posted: 19 Oct 2013
Andrey Launov and Klaus Wälde
University of Wuerzburg and University of Mainz
Downloads 31 (502,319)

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employment agencies, unemployment benefits, labour market reform, unemployment, structural model

18.

Matching and Saving in Continuous Time: Proofs

CESifo Working Paper Series No. 3026-A
Number of pages: 31 Posted: 04 May 2010
Christian Bayer and Klaus Wälde
Weierstras Institute for Applied Analysis and Stochastics (WIAS) and University of Mainz
Downloads 31 (502,319)
Citation 1

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continuous time uncertainty, Fokker-Planck equation, existence proof

19.

International Trade, Hedging, and the Demand for Forward Contracts

Review of International Economics, Vol. 15, No. 2, pp. 414-429, May 2007
Number of pages: 16 Posted: 02 May 2007
Jens Eisenschmidt and Klaus Wälde
European Central Bank (ECB) and University of Mainz
Downloads 26 (529,604)
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20.

Relative Price Changes, Wages and Unemployment in a Specific Factors Model with Search Frictions

Review of Development Economics, Vol. 10, No. 3, pp. 400-410, August 2006
Number of pages: 11 Posted: 15 Jan 2007
Klaus Wälde and Pia Weiss
University of Mainz and Nottingham University Business School
Downloads 25 (535,617)
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21.

Endogenous Growth Cycles

International Economic Review, Vol. 46, No. 3, pp. 867-894, August 2005
Number of pages: 28 Posted: 25 Aug 2005
Klaus Wälde
University of Mainz
Downloads 25 (535,617)
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22.

Unemployment and Vacancy Dynamics with Imperfect Financial Markets

IZA Discussion Paper No. 9525
Number of pages: 30 Posted: 29 Nov 2015
University of Leicester, University College London and University of Mainz
Downloads 16 (592,401)

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job search, unemployment, financial markets

23.

Optimal Saving Under Poisson Uncertainty

Journal of Economic Theory, Vol. 87, pp. 194-217, 1999
Posted: 03 Sep 2005
Klaus Wälde
University of Mainz

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Optimal saving, Poisson uncertainty, continuous time