Publikationen

• Schmitt, Noemi ; Westerhoff, Frank:
  Herding behaviour and volatility clustering in financial markets .
  In: Quantitative Finance (2017), Nr. 17, S. 1187-1203

• Schmitt, Noemi ; Tuinstra, Jan ; Westerhoff, Frank:
  Market interactions, endogenous dynamics and stabilization policies .
  In: The Economy as a Complex Spatial System. (2017), S. 137-152

• Schmitt, Noemi ; Westerhoff, Frank:
  On the bimodality of the distribution of the S&P 500's distortion: empirical evidence and theoretical explanations .
  In: Journal of Economic Dynamics and Control (2017), Nr. 80, S. 34-53

• Schmitt, Noemi ; Tuinstra, Jan ; Westerhoff, Frank:
  Side effects of nonlinear profit taxes in a behavioral market entry model: abrupt chances, coexosting attractors and hysteresis problems .
  In: Journal of Economic Behavior and Organization (2017), Nr. 135, S. 15-38

• Schmitt, Noemi ; Westerhoff, Frank:
  Herding behavior and volatitlity clustering in Financial markets .
  Bd. 107. Bamberg : BERG, 2016
  (BERG Working Paper Series Bd. 107).
  - ISBN 978-3-943153-26-2

• Schmitt, Noemi ; Westerhoff, Frank:
  Heterogeneity, spontaneous coordination and extreme events within large-scale and small-scale agent-based financial market models .
  Bd. 111. Bamberg : BERG, 2016
  (BERG Working Paper Series Bd. 111).
  - ISBN 978-3-943153-30-9

• Schmitt, Noemi ; Westerhoff, Frank:
  Managing rational routes to randomness .
  In: Journal of Economic Behavior and Organization (2016), Nr. 116, S. 157-173

• Schmitt, Noemi ; Westerhoff, Frank:
  Stock market participation and endogenous boom-bust dynamics .
  In: Economics Letters (2016), Nr. 148, S. 72-75

• Schmitt, Noemi ; Westerhoff, Frank:
  Evolutionary competition and profit taxes: market stability versus tax burden .
  Bd. 104. Bamberg : BERG, 2015
  (BERG Working Paper Series Bd. 104).
  - ISBN 978-3-943153-21-7

• Dieci, Roberto ; Westerhoff, Frank:
  Heterogeneous expections, boom-bust housing cycles, and supply conditions: a nonlinear dynamics approach .
  Bd. 99. Bamberg : BERG, 2015
  (BERG Working Paper Series Bd. 99).
  - ISBN 978-3-943153-16-3

• Schmitt, Noemi ; Westerhoff, Frank:
  Managing rational routes to randomness .
  Bd. 96. Bamberg : BERG, 2015
  (BERG Working Paper Series Bd. 96).
  - ISBN 978-3-943153-13-2

• Schmitt, Noemi ; Tuinstra, Jan ; Westerhoff, Frank:
  Side effects of nonlinear profit taxes in an evolutionary market entry model: abrupt changes, coexitsting attractors and hysteresis problems .
  Bd. 103. Bamberg : BERG, 2015
  (BERG Working Paper Series Bd. 103).
  - ISBN 978-3-943153-20-0

• Schmitt, Noemi ; Westerhoff, Frank:
  Speculative behavior and the dynamics of interacting stock markets .
  In: Journal of Economic Dynamics and Control (2014), Nr. 45, S. 262-288

• Westerhoff, Frank ; Wegener, Michael ; Tuinstra, Jan:
  Positive welfare effects of trade barriers in a dynamic equilibrium model .
  Bamberg : BERG Verlag, 2013
  (BERG Working Paper Series Bd. 91).
  - ISBN 978-3-943153-06-4

• Westerhoff, Frank ; Schmitt, Noemi:
  Speculative behavior and the dynamics of interacting stock markets, .
  Bamberg : BERG Verlag, 2013
  (BERG Working Paper Series Bd. 90).
  - ISBN 978-3-943153-05-7

• Dieci, R. ; Westerhoff, Frank:
  A simple model of the speculative housing market .
  In: Journal of Evolutionary Economics (2012), Nr. 22, S. 1193-1211

• Westerhoff, Frank ; Franke, Reiner:
  Agent-based models for economic policy design: two illustrative examples .
  Bamberg : BERG Verlag, 2012
  (BERG Working Paper Series Bd. 88).
  - ISBN 978-3-943153-02-6

• Westerhoff, Frank ; Franke, R.:
  Converse trading strategies, intrinsic noise and the stylized facts of financial markets .
  In: Quantitative Finance (2012), Nr. 12, S. 425-436

• Lines, M. ; Westerhoff, Frank:
  Effects of Inflation expectations on macroeconomics dynamics: extrapolative versus regressive expectations .
  In: Studies in Nonlinear Dynamics and Econometries (2012), Nr. 16, S. Ausgabe 4/Artikel 7

• Wegener, Michael ; Westerhoff, Frank:
  Evolutionary Competition between Prediction Rules and the Emergence of Business Cycles within Metzler's Inventory Model .
  In: Journal of Evolutionary Economics (2012), Nr. 22, S. 251-273

• Westerhoff, Frank:
  Interactions betwen the real economy and the stock market: A simple agent-based approach. .
  In: Discrete Dynamics in Nature and Society (2012), S. Artikel ID 504840

• Franke, R. ; Westerhoff, Frank:
  Structural stochastic volatility in asset pricing dynamics: estimation and model contest .
  In: Journal of Economics Dynamics and Control (2012), Nr. 36, S. 1193-1211

• Westerhoff, Frank ; Gardini, Laura ; Tramontana, Fabio:
  The bull and bear market model of Huang and Day: Some extensions and new results .
  Bamberg : BERG Verlag, 2012
  (BERG Working Paper Series Bd. 89).
  - ISBN 978-3-943153-03-3

• Tramontana, Fabio ; Westerhoff, Frank:
  The dynamics of financial markets and one-dimensional discontinuous piecewise-linear maps .
  In: AENorm 76 (2012), Nr. 20, S. 33-41

• Franke, R. ; Westerhoff, Frank:
  Estimation of a structural stochastic volatility model of asset pricing .
  In: Computastional Economics (2011), Nr. 38, S. 53-83

• Tramontana, F. ; Gardini, L. ; Westerhoff, Frank:
  Heterogeneous speculators and asset price dynamics: further results from a one-dimensional discountinuous piecewise-linear map .
  In: Computational Economics (2011), Nr. 38, S. 329-347

• Westerhoff, Frank:
  Interactions between the real economy and the stock market .
  Bamberg : BERG Verlag, 2011
  (BERG Working Paper Series, Nr. 84).
  - ISBN 978-3-931052-95-9

• Dieci, Roberto ; Westerhoff, Frank:
  On the inherent instability of international financial markets: natural nonlinear interactions between stock and foreign exchange markets .
  Bamberg : BERG Verlag, 2011
  (BERG Working Paper Series, Nr. 79).
  - ISBN 978-3-931052-89-8

• Franke, Reiner ; Westerhoff, Frank:
  Structural Stochastic Volatility in Asset Pricing Dynamics: Estimation and Model Contest .
  Bamberg : BERG Verlag, 2011
  (BERG Working Paper Series, Nr. 78).
  - ISBN 978-3-931052-88-1

• Franke, Reiner ; Westerhoff, Frank:
  Why a Simple Herding Model May Generate the Stylized Facts of Daily Returns: Explanation and Estimation .
  Bamberg : BERG Verlag, 2011
  (BERG Working Paper Series, Nr. 83).
  - ISBN 978-3-931052-93-5

• Westerhoff, Frank ; Wieland, C.:
  A behavioral cobweb model with heteregeneous speculators .
  In: Economic Modelling (2010), Nr. 27, S. 1136-1143

• Westerhoff, Frank:
  An agent-based macroeconomic model with interacting firms, socio-economic opinion formation and optimistic/pessimistic sales expectations .
  In: New Journal of Physics (2010), Nr. 12, S. 075035

• Westerhoff, Frank ; Hohnisch, M.:
  Consumer Sentiment and Countercyclical Fiscal Policies .
  In: International Review of Applied Economics (2010), Nr. 24, S. 609-618

• Hermsen, Oliver ; Witte, Björn-Christopher ; Westerhoff, Frank:
  Disclosure requirements, the release of new information and market efficiency: new insights from agent-based models .
  In: Economics: The Open-Access, Open-Assessment E-Journal (2010), Nr. 4, S. Article ID: 2010-7

• Witte, Björn-Christopher ; Hermsen, Oliver ; Westerhoff, Frank:
  Disclosure requirements, the release of new information and market efficieny: new insights from agent-based models .
  In: Economics Vol. 4 2010-7 (2010), S. 1-27

• Tramontana, F. ; Gardini, L. ; Dieci, R. ; Westerhoff, Frank:
  Global bifurcation in a three dimensional financial model of "bull and bear" interactions .
  In: Chiarella, C. ; Bischi, G. ; Gardini, L. (Hrsg.) : Nonlinear dynamics in economics, Finance and the Social Sciences.
  Berlin, Heidelberg : Springer, 2010, S. 333-352. - ISBN 978-3-642-04022-1

• Dieci, R. ; Westerhoff, Frank:
  Heterogeneous speculators, endogenous fluctuations and interacting markets: a model of stock prices and exchange rates .
  In: Journal of Economic Dynamics and Control (2010), Nr. 34, S. 743-764

• Lines, M. ; Westerhoff, Frank:
  Inflation expectations and macroeconomic dynamics: the case of rational versus extrapolative expectations .
  In: Journal of Economic Dynamics and Control (2010), Nr. 34, S. 246-257

• Dieci, R. ; Westerhoff, Frank:
  Interacting cobweb markets .
  In: Journal of Economic Behavior and Organzation (2010), Nr. 75, S. 461-481

• Tramontana, F. ; Gardini, L. ; Westerhoff, Frank:
  Intricate asset price dynamics and one-dimensional discontinuous maps .
  In: Puu, T. ; Panchuck, A. (Hrsg.) : Nonlinear economic dynamics.
  New York : Nova Science Publishers, 2010, S. 43-57.

• Tramontana, F. ; Westerhoff, Frank ; Gardini, L.:
  On the complicated price dynamics of a simple one-dimensional discontinuous financial market model with heterogeneous interacting traders .
  In: Journal of Economic Behavior and Organzation (2010), Nr. 74, S. 187-205

• Wegener, Michael ; Westerhoff, Frank ; Zaklan, G.:
  A Metzlerian business cycle model with nonlinear heterogeneous expectations .
  In: Economic Modelling (2009), Nr. 26, S. 715-720

• Wenzel, Heinz-Dieter (Hrsg.)Westerhoff, Frank:
  A simple agent-based financial market model: direct interactions and comparisons of trading profits .
  Bamberg : BERG Verlag, 2009
  (BERG Working Paper Series, Nr. 61).
  - 27 Seiten. ISBN 978-3-931052-67-6

• Westerhoff, Frank:
  A simple agent-based financial market model: direct interactions and comparisons of trading profits .
  Bamberg : BERG Verlag, 2009
  (BERG Working Paper Series, Nr. 61).
  - ISBN 978-3-931052-67-6

• Westerhoff, Frank:
  A simple agent-based financial market model: direct interactions and comparisons of trading profits .
  In: Chiarella, C. ; Bischi, G. ; Gardini, L. (Hrsg.) : Nonlinear dynamics in economics, Finance and the Social Sciences.
  Berlin, Heidelberg : Springer, 2009, S. 313-332. - ISBN 978-3-642-04022-1

• Wenzel, Heinz-Dieter (Hrsg.)Westerhoff, Frank ; Dieci, Roberto:
  A simple model of a speculative housing market .
  Bamberg : BERG Verlag, 2009
  (BERG Working Paper Series, Nr. 62).
  - 30 Seiten. ISBN 978-3-931052-69-0

• Westerhoff, Frank ; Dieci, Roberto:
  A simple model of a speculative housing market .
  Bamberg : BERG Verlag, 2009
  (BERG Working Paper Series, Nr. 62).
  - ISBN 978-3-931052-69-0

• Westerhoff, Frank:
  Agentenbasierte Finanzmarktmodelle .
  In: uni.vers (2009), Nr. 15, S. 8-11

• Zaklan, G. ; Westerhoff, Frank ; Stauffer, D.:
  Analysing tax evasion dynamics vis the Ising model .
  In: Journal of Economics Interaction and Coordination (2009), Nr. 4, S. 1-14

• Lux, T. ; Westerhoff, Frank:
  Economics crisis .
  In: Nature Physics (2009), Nr. 5, S. 2-3

• Lines, Marji ; Westerhoff, Frank:
  Effects of inflation expectations on macroeconomic dynamics: extrapolative versus regressive expectations .
  Bamberg : BERG Verlag, 2009
  (BERG Working Paper Series, Nr. 68).
  - ISBN 978-3-931052-76-8

• Wenzel, Heinz-Dieter (Hrsg.)Westerhoff, Frank ; Lines, Marjji:
  Effects of inflation expectations on macroeconomic dynamics: extrapolative versus regressive expectations. .
  Bamberg : BERG Verlag, 2009
  (BERG Working Paper Series, Nr. 68).
  - 42 Seiten. ISBN 978-3-931052-76-8

• Sushko, I. ; Wegener, Michael ; Westerhoff, Frank ; Zaklan, G.:
  Endogenous business cycle dynamics within the inventory model of Metzler: Adding an inventory floor .
  In: Nonlinear Dynamics in Psychology and Life Sciences (2009), Nr. 13, S. 223-233

• Westerhoff, Frank:
  Exchange rate dynamics via the Ising model .
  In: Journal of Economics Interaction and Coordination (2009), Nr. 4, S. 1-14

• Pellizzari, P. ; Westerhoff, Frank:
  Some effects of transaction taxes under different microstructures .
  In: Journal of Economic Behavior and Organzation (2009), Nr. 72, S. 850-863

• Dieci, R. ; Westerhoff, Frank:
  Stability analysis of a cobweb model with market interactions .
  In: Applied Mathematics and Computation (2009), Nr. 215, S. 2011-2023

• Tramontana, F. ; Gardini, L. ; Dieci, R. ; Westerhoff, Frank:
  The emergence of "bull and bear" dynamics in a nonlinear model of interacting markets .
  In: Discrete Dynamics in Nature and Society (2009), S. ID 310471

• Hohnisch, M. ; Westerhoff, Frank:
  Business cycle synchronization in a simple Keynesian macro model with socially-transmitted economic sentiment and international sentiment spill-over .
  In: Structural change and Economic Dynamics (2008), Nr. 19, S. 249-259

• Westerhoff, Frank:
  Consumer sentiment and business cycles: A Neimark-Sacker bifurcation scenario .
  In: Applied Economics Letters (2008), Nr. 15, S. 1201-1205

• Zaklan, G. ; Lima, W. ; Westerhoff, Frank:
  Controlling tax evasion fluctuations .
  In: Physica A (2008), Nr. 387, S. 5857-5861

• Westerhoff, Frank:
  Heuristic expectation formation and business cycles: A simple linear model .
  In: Metroeconomica (2008), Nr. 59, S. 47-56

• Kopel, M. ; Westerhoff, Frank:
  Regulating complex dynamics in firms and economics systems .
  In: Chaos, Solitons and Fractals (2008), Nr. 38, S. 911-919

• Westerhoff, Frank:
  The use of agent-based financial market models to test the effectiveness of regulatory policies .
  In: Jahrbücher für Nationalökonomie und Stastitik (Journal of Economics and Statistic) (2008), Nr. 228, S. 195-227

• Westerhoff, Frank ; Hohnisch, Martin:
  A note on interactions-driven business cycles. .
  In: Journal of Economic Interaction and Coordination (2007), Nr. 2, S. 85-91

• Corron, N. ; He, X.-Z. ; Westerhoff, Frank:
  Butter mountains, milk lakes and optimal price limiters .
  In: Applied Economics Letters (2007), Nr. 14, S. 1131-1136

• Reitz, S. ; Westerhoff, Frank:
  Commodity price cycles and heterogeneous speculators: A STAR-GARCH model. .
  In: Empirical Economics (2007), Nr. 33, S. 231-244

• Manzan, S. ; Westerhoff, Frank:
  Heterogeneous expactations, exchange rate dynamics and predictability .
  In: Journal of Economic Behavior and Organzation (2007), Nr. 64, S. 111-128

• Westerhoff, Frank:
  On central interventions and transactions taxes .
  In: Applied Financial Economics Letters (2007), Nr. 3, S. 11-14

• Hilker, F. ; Westerhoff, Frank:
  Triggerin crashes in chaotic dynamics .
  In: Physics Letters A (2007), Nr. 362, S. 407-411

• Westerhoff, Frank:
  Business cycles, heuristic expectation formation and contracyclical policies .
  In: Journal of Public Economic 8 (2006), S. 821-838

• Lines, M. ; Westerhoff, Frank:
  Expextations and the multiplier-accelerator model .
  In: Puu, T. ; Sushko, I. (Hrsg.) : Business Cycles Dynamics. Models and Tool.
  Berlin : Springer-Verlag, 2006, S. 255-276.

• Westerhoff, Frank:
  Nonlinear expectation formation and endogenous business cycles .
  In: Studies in Nonlinear Dynamics and Econometrics 10 (2006), Nr. 4, S. 4

• Westerhoff, Frank:
  Samuelson's multiplier-accelerator model revisited .
  In: Applied Economics Letter 13 (2006), S. 89-92

• Reitz, S. ; Westerhoff, Frank ; Wieland, C.:
  Target zone interventions and coordination of expectations .
  In: Journal of Optimization Theory and Applications 128 (2006), S. 453-467

• Westerhoff, Frank:
  Technical analysis based on price-vaolume signals and the power of trading breaks .
  In: International Journal of Theoretical and Applied Finance 9 (2006), S. 227-244

• Westerhoff, Frank ; Dieci, R.:
  The effectiveness of Keynes-tobin transaction taxes when heterogeneous agents can trade in different markets: A behavioral finance approach .
  In: Journal of Economics Dynamics and Control 30 (2006), S. 293-322

• Hilker, F. ; Westerhoff, Frank:
  The paradox of simple limiter control .
  In: Physical Review E 73 (2006), S. 3

• Ehrenstein, G. ; Westerhoff, Frank:
  The working of circuit breakers within percolation models for financial markets .
  In: International Journal of Modern Physics C 17 (2006), S. 299-304

• He, X.-Z. ; Westerhoff, Frank:
  Commodity markets, price limiters and speculative price dynamics .
  In: Journal of Economics Dynamics and Control 29 (2005), S. 1577-1596

• Westerhoff, Frank ; Reitz, S.:
  Commodity price dynamics and the nonlinear market impact of technical traders: Empirical evidence for the U.S. market .
  In: Physica A: Statistical Mechanics and its Application 349 (2005), S. 641-648

• Westerhoff, Frank:
  Consumer behavior and fluctuations in economic activity .
  In: Advances in Complex Systems 8 (2005), S. 209-215

• Wieland, C. ; Westerhoff, Frank:
  Exchange rate dynamics, central bank intervention and chaos control methods .
  In: Journal of Economics Behavior and Organzation 58 (2005), S. 117-132

• Westerhoff, Frank:
  Heterogeneous traders, price-volume signals and complex asset price dynamics .
  In: Discrete Dynamics in Nature and Society (2005), S. 19-29

• Westerhoff, Frank:
  Regulation and control of financial markets .
  Osnabrück, Universität Osnabrück, Habil-Schr., 2005

• Manzan, S. ; Westerhoff, Frank:
  Representativeness of news and exchange rate dynamics .
  In: Journal of Economics Dynamics and Control 29 (2005), S. 677-689

• Westerhoff, Frank:
  The impact of flow analysis on exchange rate dynamics .
  In: Finance Letters (2005), Nr. 3,

• Ehrenstein, G. ; Westerhoff, Frank ; Stauffer, D.:
  Tobin tax and market depth. .
  In: Quantitative Finance 5 (2005), S. 213-218

• Westerhoff, Frank ; Wieland, C.:
  Central bank interventions, charatists and the FX markets .
  In: The Technical Analyst 1 (2004), Nr. 2, S. 36-37

• Westerhoff, Frank ; Manzan, S.:
  Does liquidity in the FX market depend on volatility?
  In: Economics Bulletin 6 (2004), Nr. 10, S. 1-8

• Westerhoff, Frank:
  Greed, fear and stock market dynamics .
  In: Physica A 343 (2004), S. 635-642

• Westerhoff, Frank:
  Market depth and price dynamics: A note .
  In: International Journal of Modern Physics C 15 (2004), S. 1005-1012

• Westerhoff, Frank:
  Multiasset market dynamics .
  In: Macroeconomic Dynamics 8 (2004), S. 596-616

• Westerhoff, Frank:
  Speculative dynamics, feedback traders and transaction taxes: A note .
  In: Jahrbuch für Wirtschaftswissenschaften/Review of Economics 55 (2004), S. 190-195

• Westerhoff, Frank ; Wieland, C.:
  Spill-over dynamics of central bank interventions .
  In: German Economic Review 5 (2004), S. 435-450