Peer-reviewed Journal Articles

Proaño C.R. and A. Tarassow (2018),
Evaluating the predicting power of ordered probit models for multiple business cycle phases in the U.S. and Japan.
Published in Journal of the Japanese and International Economies,

Hommes, C.H., Lustenhouwer, J. and K. Mavromatis (2018),
Fiscal consolidations and heterogeneous expectations.
Published in Journal of Economic Dynamics and Control,

Anufriev, M., Hommes, C. and T. Makarewicz (2018),
Simple Forecasting Heuristics that Make us Smart: Evidence from Different Market Experiments.
Published in Journal of the European Economic Association

Dräger, L. and C.R. Proaño (2018),
Cross-border banking and macroprudential policies in asymmetric monetary unions.
Published in Macroeconomic Dynamics,

Franke, R. and F. Westerhoff (2017),
Taking stock: a rigorous modelling of animal spirits in macroeconomics.
Published in Journal of Economic Surveys 31, 1152-1182,doi: 10.1111/joes.12219

Menden, C. and C.R. Proaño (2017), Dissecting the Financial Cycle with Dynamic Factor Models.
Published in Quantitative Finance, doi: 10.1080/14697688.2017.1357971
BERG Working Paper 126(1.7 MB), University of Bamberg

Flaschel, P., Charpe, M., Galanis, G., Proaño, C.R. and R. Veneziani (2017),
Macroeconomic and Stock Market Interactions with Endogenous Aggregate Sentiment Dynamics.
Published in Journal of Economic Dynamics and Control, doi: 10.1016/j.jedc.2017.10.002
BERG Working Paper 125(7.1 MB), University of Bamberg

Working Papers

Lustenhouwer J. (2018),
Fiscal Stimulus in an Expectation Driven Liquidity Trap.
BERG Working Paper 138(511.1 KB) University Bamberg

Ahrens S., J. Lustenhouwer & M. Tettamanzi (2018),
The Stabilizing Role of Forward Guidance: A Macro Experiment.
BERG Working Paper 137(686.1 KB) University Bamberg

Hommes, C.H. & J. Lustenhouwer (2017),
Managing Unanchored, Heterogeneous Expectations and Liquidity Traps.
BERG Working Paper 131(1.8 MB)(1.8 MB), University of Bamberg

Lustenhouwer, J. & K. Mavromatis (2017),
Fiscal Consolidations and Finite Planning Horizons.
BERG Working Paper 130(679.8 KB)(679.8 KB), University of Bamberg

Blaurock, I., Schmitt, N. and Westerhoff, F. (2017),
Market entry waves and volatility outbursts in stock markets.

BERG Working Paper 128
(1.1 MB), University of Bamberg