Dr. Noemi Schmitt

Akademische Rätin (a.Z.)  

Otto-Friedrich-Universität Bamberg
Lehrstuhl für VWL, insb. Wirtschaftspolitik
Feldkirchenstr. 21                                                 
96045 Bamberg

Raum: F21/02.03b
Tel.: [+49] (951) 863-2748
E-Mail: noemi.schmitt(at)uni-bamberg.de

Sprechstunde: Mittwoch, 13:00 - 14:00 Uhr, Donnerstag (Mathematica), 12:00 - 14:00 Uhr

Curriculum Vitae(437.4 KB)

Research Interests

• Agent-based modeling, dynamics of financial markets and market interactions.
• Nonlinear dynamics, heterogeneous agents, bounded rationality and market instabilities.

Publications

• Schmitt, N. and Westerhoff, F. (2019): Short-run momentum, long-run mean reversion and excess volatility: an elementary housing model.Economics Letters, Vol. 176, 43-46.
• Dieci, R., Schmitt, N. and Westerhoff, F. (2018): Steady states, stability and bifurcations in multi-asset market models.Decisions in Economics and Finance, Vol. 41, 357-378.
• Dieci, R., Schmitt, N. and Westerhoff, F. (2018): Interactions between stock, bond and housing markets.  Journal of Economic Dynamics and Control, Vol. 91, 43-70.
• Blaurock, I., Schmitt, N., and Westerhoff, F. (2018): Market entry waves and volatility outbursts in stock markets.Journal of Economic Behavior and Organization, Vol. 153, 19-37.
• Schmitt, N., Tuinstra, J. and Westerhoff, F. (2018): Stability and welfare effects of profit taxes within an evolutionary market interaction model.Review of International Economics, Vol. 26, 691-708.
• Schmitt, N. and Westerhoff, F. (2018): Evolutionary competition and profit taxes: market stability versus tax burden.Macroeconomic Dynamics, Vol. 22, 2007-2031.
• Schmitt, N. and Westerhoff, F. (2017): On the bimodality of the distribution of the S&P 500's distortion: empirical evidence and theoretical explanations.  Journal of Economic Dynamics and Control, Vol. 80, 34-53.
• Schmitt, N. and Westerhoff, F. (2017): Heterogeneity, spontaneous coordination and extreme events within large-scale and small-scale agent-based financial market models. Journal of Evolutionary Economics, Vol. 27, 1041-1070.
• Schmitt, N., Tuinstra, J. and Westerhoff, F. (2017): Side effects of nonlinear profit taxes in a behavioral market entry model: abrupt changes, coexisting attractors and hysteresis problems. Journal of Economic Behavior and Organization, Vol. 135, 15-38.
• Schmitt, N. and Westerhoff, F. (2017): Herding behaviour and volatility clustering in financial markets.  Quantitative Finance, Vol. 17, 1187-1203.
• Schmitt, N. and Westerhoff, F. (2016): Stock market participation and endogenous boom-bust dynamics. Economics Letters, Vol. 148, 72-75.
• Schmitt, N. and Westerhoff, F. (2015): Managing rational routes to randomness. Journal of Economic Behavior and Organization, Vol. 116, 157-173.
• Schmitt, N. and Westerhoff, F. (2014): Speculative behavior and the dynamics of interacting stock markets. Journal of Economic Dynamics and Control, Vol. 45, 262-288.

Book Chapters

• Schmitt, N., Tuinstra, J. and Westerhoff, F. (2017): Market interactions, endogenous dynamics and stabilization policies. In: Commendatore, P., Kubin, I., Bougheas, S., Kirman, A., Kopen, M. and Bischi, G.I (eds.): The Economy as a Complex Spatial System. Springer, Berlin, 137-152.

Working Papers

• Lines, M., Schmitt, N. and Westerhoff, F. (2018): Stability conditions for three-dimensional maps and their associated bifurcation types. Working Paper, University of Bamberg.
• Martin, C., Schmitt, N. and Westerhoff, F. (2018): Housing markets, expectation formation and interest rates. Working Paper, University of Bamberg.
• Schmitt, N. (2018): Heterogeneous expectations and asset price dynamics. BERG Working Paper No. 134, University of Bamberg.

Work in Progress

• Dieci, R., Schmitt, N. and Westerhoff, F.: Investors' participation and asset market interlinkages: a simple evolutionary approach.
• Schmitt, N. and Westerhoff, F.: Trend followers, contrarians and fundamentalists: explaining the dynamics of financial markets.
• Schmitt, N., Schwartz, I. and Westerhoff, F.: Modeling and estimating behavioral heterogeneity in financial markets.
• Schmitt, N., Schwartz, I. and Westerhoff, F.: A medium-scale agent-based financial market model: explaining the dynamics of financial markets.