Dynamic Modeling, Empirical Macroeconomics, and Finance

Theory and practice in a sensible economic policy mix: a glance at Willi Semmler's contribution to the empirical macroeconomics.- Iran's Nuclear Program and the West's Response: A Game.- From the Great Divergence to the Great Convergence.- Borrowing Constraints and Monetary Policy: The Inflation Tax-Net Worth Channel.- Modeling Climate Change Effects on the Renewable and Non-Renewable Resources.- A North-South model with technological spillovers, environmental degradation and structural change.- Foreign Exchange Volatility and Its Implication for Macroeconomic Stability: An Empirical Study of Developing Economies.- Keynes' microeconomics of output and labor markets.- "Wavelet-based" early warning signals of financial stress: an application to IMF's AE-FSI.- Corporate liquidity under financial constraints and macroeconomic uncertainty.- Might Tobin be right? The impact of portfolio shifts on growth and inflation in the presence of market frictions.- Business Confidence and Macroeconomic Dynamics in a Nonlinear Two-Country Framework with Aggregate Opinion Dynamics.- Self-Falsifying Prophecies.

Lucas Bernard, Ph.D., is a financial economist and Chairman of the Department of Business at The New York City College of Technology, The City University of New York. In addition to having studied at The Swiss Finance Institute, he also holds graduate degrees in Mathematics from The City University of New York and in computer science from New York University's Courant Institute of Mathematical Sciences. His doctoral dissertation, concerning endogenous models of credit default, was written at The New School for Social Research in New York. Prof. Bernard is interested in the ways in which economics blends together human values, politics, rationality and irrationality; more specifically, how this interplay reveals itself in society at large.

Unurjargal Nyambuu, Ph.D., is an economist and professor in the Department of Social Science at The New York City College of Technology, The City University of New York. Previously, she was a research fellow in the Finance and Risk Engineering Department of New York University. Dr. Nyambuu has also served as an economist with the Central Bank of Mongolia, where she worked with International Monetary Fund (IMF) and World Bank (WB) colleagues on the effects of international macroeconomic policy on local economies. Additionally, she is a consultant for the International Labour Organization, a United Nations affiliate based in Genève, Switzerland, where she studies the economic impact of "green" policy.