Frank H. Westerhoff
Curriculum vitae (PDF)
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Frank H. Westerhoff |
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Recent Working Papers |
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Westerhoff, F. and Hohnisch, M. (2007):
Consumer Sentiment, Countercyclical Fiscal Policies and (Political) Business
Cycles Westerhoff, F. and Wieland, C. (2005): A behavioral cobweb
model with heterogeneous speculators.
Hilker, F. and Westerhoff, F. (2005): Control
of chaotic population dynamics: Ecological and economic considerations. |
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Publications |
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Hilker, F. and Westerhoff, F. (2007): Preventing extinction and mass
outbreaks in irregularly fluctuating populations. American Naturalist, in
press
Westerhoff, F. (2007): On central bank interventions and transaction taxes.
Applied Financial Economics Letters, Vol. 3, 11-14. Hilker, F. and Westerhoff, F. (2007): Triggering crashes in chaotic dynamics.
Physics Letters A, 362, 407-411.
Westerhoff, F. and Hohnisch, M. (2006): A note on interactions-driven
business cycles. Journal of Economic Interaction and Coordination, in press. Kopel, M., Westerhoff, F. and Wieland, C. (2006): Regulating complex
dynamics in firms and economics systems. Chaos, Solitons and Fractals, in
press. Reitz, St., Westerhoff, F. and Wieland, C. (2006):
Target zone interventions and
coordination of expectations.
Journal of Optimization Theory and Applications,
Vol. 128, 453-467.
Westerhoff, F. (2006): Consumer
sentiment and business cycles: A Neimark-Sacker bifurcation scenario.
Applied Economics Letters, in press.
Manzan, S. and Westerhoff, F. (2006): Heterogeneous expactations,
exchange rate dynamics and predictability. Journal of Economic Behavior and
Organization, in press.
Lines, M. and Westerhoff, F. (2006): Expectations and the multiplier-accelerator model.
In: T. Puu and I Sushko (eds.): Business cycle
dynamics: Models and tools. Springer-Verlag, 255-276.
Reitz, S. and Westerhoff, F. (2006): Commodity price cycles and heterogeneous speculators: A STAR-GARCH model.
Empirical Economics, in press. Hilker, F. and Westerhoff, F. (2006): The paradox of simple limiter
control. Physical Review E, 73, 052901 (3) Ehrenstein, G. and Westerhoff, F. (2006): The working of circuit beakers
within percolation models for financial markets. International Journal of
Modern Physics C, Vol. 17, 299-304. Westerhoff, F. (2006): Heuristic expectation formation and business
cycles: A simple linear model. Metroeconomica (in press)
Westerhoff, F. (2006): Technical analysis
based on price-volume signal and the power of trading breaks. International
Journal of Theoretical and Applied Finance, Vol. 9, 227-244.
Westerhoff, F. (2006): Samuelson's multiplier-accelerator model revisited.
Applied Economics Letters, Vol. 13, 89-92. Corron, N., He, X.-Z. and Westerhoff, F.
(2006): Butter mountains, milk lakes and optimal price limiters.
Applied Economics Letters (in press).
Westerhoff, F. and Dieci, R. (2006):
The effectiveness of Keynes-Tobin transaction taxes when heterogeneous agents
can trade in different markets:
Westerhoff, F. (2006): Nonlinear expectation
formation, endogenous business cycles and stylized facts. Studies in
Nonlinear Dynamics and Econometrics,
Volume 10, Issue 4, Article 4.
Westerhoff, F. (2006): Business cycles,
heuristic expectation formation and contracyclical policies. Journal of
Public Economic Theory, Vol. 8, 821-838.
Westerhoff, F. (2005): The impact of flow analysis on
exchange rate dynamics. Finance Letters, Vol 3., Issue 3. Wieland, C. and Westerhoff, F.
(2005):
Exchange rate dynamics, central bank intervention and chaos control
methods. Journal of Economic Behavior and Organization, Vo. 58, 117-132.
He, X.-Z. and
Westerhoff, F.
(2005): Commodity markets, price
limiters and speculative
price dynamics.
Journal of Economic Dynamics and Control, 29, 1577-1596.
Ehrenstein, G., Westerhoff, F. and Stauffer, D. (2005): Tobin tax
and market depth. Quantitative Finance, Vol. 5,
213-218.
Westerhoff, F. (2005): Consumer behavior and
fluctuations in economic activity. Advances in Complex Systems, 8, 209-215.
Manzan, S. and Westerhoff, F. (2005): Representativeness of
news and exchange rate dynamics. Journal of Economic Dynamics and Control,
Vol. 29, 677-689.
Westerhoff, F. (2005): Heterogeneous traders,
price-volume signals and complex asset price dynamics. Discrete Dynamics in
Nature and Society, Vol. 2005, 19-29.
Westerhoff, F. and Reitz, St. (2005):
Commodity price dynamics and the nonlinear market impact of
technical traders: empirical evidence for the U.S. corn market. Physica A: Statistical Mechanics and its Application,
Vol. 349, 641-648. Westerhoff, F. and Wieland, C. (2004): Spill-over
dynamics of
central bank interventions. German Economic Review, 5, 435-450. Westerhoff, F. (2004): Speculative dynamics, feedback traders and
transaction taxes: a note. Jahrbuch für Wirtschaftswissenschaften/Review of
Economics, Vol. 55, 190-195 Westerhoff. F. and Manzan, S. (2004): Does
liquidity in the FX market depend on volatility?. Economics Bulletin, Vol. 6, No.
10, 1-8.
Westerhoff, F. (2004): Greed, fear and stock market dynamics. Physica A: Statistical Mechanics and its Application, Vol. 343C, 635-642.
Westerhoff, F. (2004): Market depth and price dynamics: a note. International Journal of Modern Physics C, Vol. 15, 1005-1012. Westerhoff, F. (2004): Multi-asset-market
dynamics. Macroeconomic Dynamics, Vol. 8, 596-616.
Westerhoff. F. and Wieland, C. (2004): Central bank interventions,
chartists and the FX markets. The Technical Analyst, Issue 02,
36-37. Westerhoff, F.H. and Reitz, St. (2003): Nonlinearities and
cyclical behavior: the role of chartists and fundamentalists. Studies in
Nonlinear Dynamics and Econometrics, Vol. 7, No. 4, Article 3. Westerhoff, F. (2003): Market
maker,
inventory control and foreign exchange dynamics. Quantitative Finance, Vol. 3,
363-369. Westerhoff, F. (2003): Bubbles and crashes: optimism,
trend extrapolation and panic. International Journal of Theoretical and Applied
Finance, Vol. 6, 829-837. Lawrenz, C. and Westerhoff, F. (2003): Modeling
exchange rate
behavior with a genetic
algorithm. Computational Economics, Vol.
21, 209-229. Westerhoff, F. (2003): Heterogeneous
traders and the
Tobin tax. Journal of Evolutionary Economics, Vol. 13,
53-70. Westerhoff, F. (2003): Speculative
behavior and asset
price dynamics. Nonlinear
Dynamics, Psychology, and Life Sciences, Vol. 7, 245-262. Westerhoff, F. (2003): Central
bank intervention and
feedback traders.
Journal of International Financial Markets, Institutions and
Money, Vol.13, 419-427. Westerhoff, F. (2003): Expectations
driven distortions in the
foreign exchange market.
Journal of Economic Behavior and Organization, Vol. 51, 389-412. Westerhoff, F. (2003): Speculative
markets and the effectiveness of
price limits. Journal of Economic Dynamics and
Control, Vol. 28, 493-508. Westerhoff, F. (2003): Anchoring and
psychological barriers in
foreign exchange
markets. Journal of Behavioral Finance, Vol. 4, 65-70. Formerly: Journal of Psychology and Financial Markets. Westerhoff, F. (2002): Chartists,
fundamentalists and exchange rate fluctuations. Shaker Verlag, Aachen. Westerhoff, F. (2001): Speculative behavior,
exchange rate volatility, and
central bank intervention. Central European Journal of Operations Research, Vol. 9, 31-50. Westerhoff, F. (1999): Japan in der Krise, in: Wacker, G. und C. Müller-Hofstede
(Hrsg.): Asienkrise, Demokratie, Nationalismus. Neue Wechselwirkungen zwischen Politik und
Ökonomie in Ostasien, Köln: Bundesinstitut für ostwissenschaftliche und internationale
Studien, 23-28.
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