Frank Westerhoff
Social and Economic Sciences
University of Bamberg
Germany
Biography
Frank Westerhoff obtained his doctoral degree from the University of Osnabrück in 2002, followed by a habilitation degree in 2005. After a brief stint at the University of Bonn, he joined the University of Bamberg in 2006 where he was appointed Professor of Economics and currently holds the Chair of Economic Policy. Frank Westerhoff develops, calibrates and estimates small scale, behavioral, agent-based models to investigate the dynamics of financial markets and the macroeconomy. These models are also used to study the effects of policy measures such as transaction taxes, central bank interventions or monetary and fiscal policy rules. Frank Westerhoff was/is on the editorial boards of the Journal of Economic Behavior and Organization and the Journal of Economic Dynamics and Control. He has published about 75 papers in 40 international journals with 20 clever and smart co-authors.
Research Interest
Small scale, Behavioral, Agent-based models to investigate the dynamics of financial markets and the macroeconomy.
Publications
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Schmitt, N. and Westerhoff, F. (2017): On the bimodality of the distribution of the S&P 500's distortion: empirical evidence and theoretical explanations.
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Franke, R. and Westerhoff, F. (2017): Taking stock: a rigorous modelling of animal spirits in macroeconomics.
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Schmitt, N., Tuinstra, J. and Westerhoff, F. (2017): Stability and welfare effects of profit taxes within an evolutionary market interaction model.
