Selected Articles
2025: Diligence Aversion: The Psychological Burden of Quality Management, Theoretical Economics Letters, 15, 150-165 (full text)
2021: A Theory of Relativity of Cultures, Incomes and Happiness, Journal of Interdisciplinary Economics, 33/1, 54-73 (full text).
2021: Behavioural economics and the Phillips curve: new evidence from sectoral survey data, International Journal of Monetary Economics and Finance, 14/2, 131-141 (abstract).
2019: Heuristics versus econometrics as a basis for forecasting international inflation differentials. Foresight, 21/2, 216-226.
2018: Should business rely on business cycle forecasting?, Central European Journal of Operations Research, 26, 121-133, (full text).
2017: To consume or to save: are we maximizing or what? In “Handbook of Behavioural Economics and Smart Decision-Making” edited by Morris Altman, Chapter 22, 392–410 (full text).
2017: Generalization of information, Granger causality and forecasting, Foresight, 604-614 (full text).
2013: Innovations in Banking Practices and the Credit Boom of the 1920s, Business History Review 87 (Summer issue): 309–327 (full text).
2012: Boundedly Rational Banks’ Contribution to the Credit Cycle. Journal of Socio-Economics, 41/5, 730-737 (full text).
2012: Oligopolistic Banks, Bounded Rationality, and the Credit Cycle. Economics Research International, Volume 2012, Article ID 961316 (full text)
2012: Output Growth and Output Variability: Quantifying Connections and Tradeoffs. Review of Economics, 63/1, 1-17 (full text)
2011: Pattern-Based Expectations: International Experimental Evidence and Applications in Financial Economics. Review of Economics and Statistics, 93/4, 1319-1330 (full text).
2011: The Superiority of Monetary over Barter Exchange: Experimental Results and Policy Implications. Scottish Journal of Political Economy, 58/4, 437-454 (abstract).
2011: The Kuznets Curve: Determinants of its Shape and the Role of Finance. Studies in Economics and Finance, 28/2, 149-159 (full text).
2010: Causes of the Financial Crisis: Risk Misperception, Policy Mistakes, and Banks' Bounded Rationality. Journal of Socio-Economics, 39/2, 119-126 (full text).
2010: The Financial Crisis: Economic and Psychological Perspectives. With David Leiser, Journal of Socio-Economics, 39/2, 117-118.
2008: Estimation of Evolutionary Models as a Tool for Research in Industrial Organization. Journal of Socio-Economics, 37, 138-148 (abstract).
2007: Business Forecasting and the Development of Business Cycle Theory. History of Political Economy, 39/3 (full text).
2006: Elements of Behavioral Monetary Economics. In “Handbook of Contemporary Behavioral Economics: Foundations and Developments” edited by Morris Altman, M. E. Sharpe Publishers (full text).
2005: The Illusion of Over-Optimism in Survey Data: The Case of Manufacturers' Selling Prices. Journal of Socio-Economics, 34, 151-159 (abstract).
2005: Applied Welfare Economics with Bounded Rationality: Public Policies toward Remote Sensing. International Advances in Economic Research, 11/1, 39-47 (full text).
2004: Banks' Default Forecasts: Do They Smooth or Amplify Industry Lending Cycles? RISEC, International Review of Economics and Business, 51/4 (full text).
2004: Bandwagon Effects and Run Patterns in Exchange Rates once More. Journal of International Financial Markets, Institutions and Money, 14, 99-104 (abstract).
2002: Bandwagon Effects and Run Patterns in Exchange Rates. Journal of International Financial Markets, Institutions & Money 12, 157 - 166 (full text).
2001: Acquisition of Costly Information: An Experimental Study. Journal of Economic Behavior and Organization, 46/2 (full text).
2001: Competition, Herd Behavior, and Credit Cycles: Evidence from Major Swiss Banks. Journal of Economics and Business, 53/6 (full text).
1999: Selling Price and Profits: what Survey Data tell about Firms Rationality. Managerial and Decision Economics, 20/6 (full text).
1999: Producers' Expectations: Their Role in the Monetary Transmission Mechanism. Kyklos, 53/1 (full text).
1999: Assessing Monetary Targeting with Models of Expectations Formation. Journal of Policy Modeling, 21/1 (full text).
1998: Bank Credit and Equipment Investment in Switzerland. RISEC, International Review of Economics and Business, 45/4.
1998: Pattern Recognition and Procedurally Rational Expectations. Journal of Economic Behavior and Organization, 37/1 (full text).
1998: Forecasting Among Alternative Strategies in the Management of Uncertainty. Managerial and Decision Economics, 19/3 (full text).
1997: Schätzt die schweizerische Industrie die Entwicklung ihrer Exportpreise richtig ein? Aussenwirtschaft, 52/4.
1996: Price and Output Effects of Heterogeneous Expectations. Swiss Journal of Economics and Statistics, 132/2 (full text).
1995: International Investment and Exchange Rate Risk: An Experimental Analysis. Jahrbücher für Nationalökonomie und Statistik, 216/3 (full text).
1995: Expectations about Change in Market Structure and Natural Resource Extraction. Journal of Economics, 62/2 (full text).
1993: Exogenes und Endogenes Wachstum: Ein Streifzug. Jahrbuch für Sozialwissenschaft, 44/1 (full text).
1991: Money and the Tobin q: Investment Dynamics in the Small Open Economy. Jahrbücher für Nationalökonomie und Statistik, 208/2 (full text).
1990: A Money Market and Credit Market Model of the Determination of the Interest Rate and the Price Level. Swiss Journal of Economics and Statistics, 126/4 (full text).
1990: Money Supply and Money Demand Determinants of Swiss Inflation. Swiss Journal of Economics and Statistics, 126/1.
1988: Ziele und Grundlagen der schweizerischen Geldpolitik. In O. Clauser, P. Mooslechner und G. Pegoretti, Hrsg., Finanz-, Industrie und Währung in Italien und im deutschsprachigen Raum, Duncker & Humblot, Berlin (full text).
1988: Money Demand and Inflation in Switzerland: An Application of the Pascal-Lag Technique. Review of the Federal Reserve Bank of St. Louis, 70/3 (full text).
Books
2007: Expectations, Rationality and Economic Performance: Models and Experiments, Edward Elgar, Cheltenham (abstract, Link zu EDWARD ELGAR Publishing).
1995: Monetary Regimes, Risk, and International Capital Accumulation. Berner Beiträge zur Nationalökonomie, 71. Verlag Paul Haupt, Bern und Stuttgart (abstract, full text).
Eine Buchbesprechung durch K. Knot (Seiten 363-365, De Economist, 146, No. 2, 1998)
Eine Buchbesprechung durch J. Weidmann (Seiten 338-340, Journal of Economics, 63, No. 3, 1996).
1986: Das Volkseinkommen und die internationalen Kapitalbewegungen. Berner Beiträge zur Nationalökonomie, 50. Verlag Paul Haupt, Bern und Stuttgart (full text).
Working Papers
2014 Pattern-Based Inflation Expectations
2014 Pattern-Based Inflation Expectations and the U.S. Real Rate of Interest
2014 Inflationary or Deflationary Consequences of an Exchange Rate Floor
To top
Popular writing
2016: Vom Nutzen einer Franken-Dollar-Bindung
2015: Zurück zu flexiblen Wechselkursen
2014: Effekte der Wechselkursuntergrenze
2014: Erwartungen radikal hinterfragen (Seiten 28-29)
2014: Wechselkursuntergrenze: Folgt Inflation oder Deflation?
2009: Zielkonflikt zwischen Einkommen und Stabilität
2009: Aus der Finanzmarktkrise lernen
2008: Banken, Risiken und die Transparenz
2008: Wenn Bankenmanager um Karriere und Profit wetteifern
2003: Warum die Schweiz eine Zinsinsel ist: Ein Rätsel, das keines ist
2000: Risiko in der Wirtschaft
2000: Im Brennpunkt: Chancen und Risiken der Aktienanlage: Neues aus der Wissenschaft
2000: Wie die Geldpolitik auf die Konjuktur wirkt: Die Schlüsselrolle der Unternehmer
1999: Sparen und Anlegen aus volkswirtschaftlicher Sicht
1998: Für eine langfristig orientierte Geldpolitik
1997: Sind Unternehmer wie Schlittschuhläufer?
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