Fakultät Sozial- und Wirtschaftswissenschaften

Professur für VWL, insb. Angewandte Wirtschaftsforschung

Artikel in referierten Fachzeitschriften

Bask, M. & Proaño, C.R. (2016), Optimal monetary policy under learning and structural uncertainty in a New Keynesian model with a cost channel and inflation inertia.
Journal of Economic Dynamics and Control, 69,112-126. link

Proaño, C.R. (2016), Detecting and Predicting Economic Accelerations, Recessions, and Normal Growth Periods in Real-Time.
Journal of Forecasting, forthcoming.

Charpe, M., Flaschel, P., Krolzig, H.-M. Proaño, C.R., Semmler,W. & D. Tavani (2015), Credit-Driven Investment, Labor Market Heterogeneity and Macroeconomic Dynamics.
Journal of Economic Interaction and Coordination, 10(1), 163-181.

Flaschel, P., Hartmann, F., Malikane, C. & Proaño, C.R. (2015), A Behavioral Macroeconomic Model of Exchange Rate Fluctuations with Complex Market Expectations Formation
Computational Economics, 45(4), 669-691, Apr.

Proaño, C.R., Schoder, C.& W. Semmler (2014), Financial Stress, Sovereign Debt and Economic Activity in Industrialized Countries: Evidence from Dynamic Threshold Regressions.
Journal of International Money and Finance 45, 17-37. link

Proaño, C.R. & T. Theobald (2014), Predicting German Recessions with a Composite Real-Time Dynamic Probit Indicator.
International Journal of Forecasting30, 898-917.link

Schoder, C., Proaño, C.R. & W. Semmler (2013), Are the current account imbalances in EMU countries sustainable? Evidence from parametric and non-parametric tests.
Journal of Applied Econometrics28(7), 1179-1204, Nov.-Dec.

Proaño, C.R. (2013), Monetary Policy Rules and Macroeconomic Stabilization in Small Open Economies under Behavioral FX Trading: Insights from Numerical Simulations.
The Manchester School 81(6), 992-1011, Dec.link

Chiarella, C., Hartmann, F., Flaschel, P. & Proaño, C.R. (2012), Stock Market Booms, Endogenous Credit Creation and the Implications of Broad and Narrow Banking for Macroeconomic Stability.
Journal of Economic Behavior and Organization83, 410-423.  link

Chiarella, C., Flaschel, P, Köper, C, Proaño, C.R. & W. Semmler (2012), Macroeconomic Stabilization Policies in Intrinsically Unstable Macroeconomies.
Studies in Nonlinear Dynamics & Econometrics, (Special Issue: Recent Advances in Continuous-time Econometrics and Economic Dynamics -– Contributions in Honor of Giancarlo Gandolfo), 16(2), Apr.link

Proaño, C.R. (2012), Should Monetary Policy Take Account of National Labor Market Asymmetries in a Currency Union?.
Economics Bulletin, 32(3), 1878-1889.pdf

Proaño, C.R. (2012), Gradual Wage-Price Adjustments, Labor Market Frictions and Monetary Policy Rules.
Journal of Economic Behavior and Organization, 82(1), 220-235, Apr.link

Charpe, M., Flaschel, P. & C.R. Proaño (2012), Income Distribution, Credit Rationing and Households’ Debt.
Metroeconomica, 63(3), 458-492.link

Taylor, L., Proaño, C.R., De Carvalho, L. & N. Barbosa (2012), Fiscal Deficits, Economic Growth, and Government Debt in the USA.
Cambridge Journal of Economics, 36, 189-204.link

Asada, T., Charpe, M., Flaschel, P., Malikane, C., Mouakil, T. & C.R. Proaño (2011), Output, Stock Markets and Macro-Policy Measures in a Keynesian Portfolio Model.
Intervention.  European Journal of Economics and Economic Policy, 8(2), 341-360.  link

Flaschel, P,  Greiner, A., Logeay, C. & C.R. Proaño (2011), Employment Cycles, Low Income Work and the Dynamic Impact of Minimum Wages. A Macro Perspective.
Journal of Evolutionary Economics(6 July 2011), 1-16. (a previous version appeared as Macroeconomic Policy Institute (IMK) Working Paper 04/2010). link

Charpe, M., Flaschel, P., Hartmann, F. & C.R. Proaño (2011), Stabilizing an Unstable Economy: Fiscal and and Monetary Policy, Stocks, and the Term Structure of Interest Rates.
Economic Modelling, 28(5), 2129-2136, Sep.link

Asada, T., Chiarella, C., Flaschel, P., Mouakil, T. Proaño, C.R. & W. Semmler (2011), Stock-Flow Interactions and Disequilibrium Macroeconomics: The Role of Economic Policy.
Journal of Economic Surveys, 25(3), 569-599, July.link

Flaschel, P., Proaño, C.R. & S. Luchtenberg (2011), Crisis as Opportunity: A Tentative Roadmap of Reforms towards Social Capitalism.
Bulletin of Political Economy, 5(1), 1-40 (June).

Diallo, M.B., Flaschel, P. & C.R. Proaño (2011), Reconsidering the dynamic interaction between real wages and macroeconomic activity.
Research in World Economy2(1), Apr.link

Proaño, C.R., Flaschel, P., Krolzig, H.M. & M.B. Diallo (2011), Monetary Policy and Macroeconomic Stability under Alternative Demand Regimes.
Cambridge Journal of Economics35(3), 569-585.link

Asada, T., Flaschel, P., Greiner, A. & C.R. Proaño (2011), Sustainable Capitalism: Full-Employment Flexicurity Growth with Real Wage Rigidities.
Journal of Economic Behavior and Organization, 77(4), 248-264, Mar (a previous version appeared as Macroeconomic Policy Institute (IMK) Working Paper 05/2010). link

Proaño, C.R. (2011), Exchange Rate Determination, Macroeconomic Dynamics and Stability under Heterogeneous Behavioral FX Expectations.
Journal of Economic Behavior and Organization, 77(2), 177-188, Feb (a previous version appeared as Macroeconomic Policy Institute (IMK) Working Paper 03/2009). link

Asada, T., Chiarella, C., Flaschel, P., Mouakil, T., Proaño, C.R. & W. Semmler (2010), Stabilizing an Unstable Economy: On the Choice of Proper Policy Measures.
Economics: The Open-Access, Open-Assessment E-Journal, Special Issue on “Managing Financial Instability in Capitalistic Economies” (Eds: Lux, T. & M. Raberto), 3(2010-21), July 16.link

Charpe, M., Flaschel, P., Proaño, C.R. & W. Semmler (2009), Overconsumption, Credit Rationing and Bail-Out-Based Monetary Policy.
Intervention. European Journal of Economics and Economic Policy6(2), 247-270(a previous version appeared as Macroeconomic Policy Institute (IMK) Working Paper 04/2009).

Proaño, C.R. (2009), (De-)Stabilizing International Macroeconomic Interactions in an Estimated Model of the U.S. and the Euro Area.
International Economics and Economic Policy, 6(4), 421-443.link

Flaschel, P. & C.R. Proaño (2009), The J2 Status of “Chaos” in Period Macroeconomic Models.
Studies in Nonlinear Dynamics and Econometrics13(2), Article 2 (a previous version appeared as Macroeconomic Policy Institute (IMK) Working Paper 14/2008). link

Flaschel, P., Franke, R. & C.R. Proaño (2008), On Equilibrium Determinacy in New Keynesian Models with Staggered Wage and Price Setting.
The B.E. Journal of Macroeconomics, 8(1), Article 31 (Topics) (a previous version appeared as Macroeconomic Policy Institute (IMK) Working Paper 11/2008). link

Proaño, C.R., Flaschel, P. & W. Semmler (2008), Currency Crises and Monetary Policy in Economies with Partial Dollarization of Liabilities.
ICFAI Journal of Monetary EconomicsVI(3), pp. 14-39 (a previous version appeared as Macroeconomic Policy Institute (IMK) Working Paper 05/2006).

Flaschel, P., Franke, R. & C.R. Proaño (2006), Wage-Price Dynamics and Income Distribution in a Semi-Structural Keynes-Goodwin Model.
Structural Change and Economic Dynamics, 17, 452-465.link

Proaño, C.R. Flaschel, P. & W. Semmler (2005), Currency and Financial Crises in Emerging Market Economies in the Medium Run.
Journal of Economic Asymmetries, 2, 105-130.pdf

Proaño, C.R. (2005), Dolarización de Obligaciones, Fragilidad Financiera y Desempeño Macroeconómico.
Cuestiones Económicas, 21(1), 1-23, Banco Central del Ecuador. link