WorldCat Identities

Wenzelburger, Jan

Works: 5 works in 35 publications in 1 language and 587 library holdings
Roles: Author, Editor
Classifications: HB135, 330.0151
Publication Timeline
Most widely held works by Jan Wenzelburger
Learning in economic systems with expectations feedback by Jan Wenzelburger( )
16 editions published in 2006 in English and held by 531 WorldCat member libraries worldwide
"Recently economists have more and more focussed on scenarios in which agents' views of the world may be erroneous. These notes introduce the concept of perfect forecasting rules which provide best least-squares predictions along the evolution of an economic system. The framework for nonparametric adaptive learning schemes is developed and it is argued that plausible learning schemes should aim at estimating a perfect forecasting rule taking into account the correct feedback structure of an economy. A link is provided between the traditional rational-expectations view and recent behavioristic approaches."--Jacket
The dynamics of deposit insurance and the consumption trap by Hans Gersbach( Book )
8 editions published in 2001 in English and held by 23 WorldCat member libraries worldwide
We investigate a banking system subject to repeated macroeconomic shocks and show that without deposit rate control, the banking system collapses with certainty. Any initial level of reserves will delay the collapse but not avoid it. Even without a banking collapse, the economy still converges to a consumption trap with positive probability. Savings are maximal in the consumption trap, but are used entirely to pay back obligations of banks. No long-term investments can be financed and GDP is minimal. We discuss stronger intervention rules that avoid both a collapse and the consumption trap, confirming that capital requirements are an early indicator signaling when intervention may become necessary. Our analysis provides an explanation why economies which experience a banking crisis may endure long-lasting economic downturns
Do risk premia protect from banking crises? by Hans Gersbach( Book )
5 editions published in 2005 in English and held by 16 WorldCat member libraries worldwide
Sophistication in risk management, bank equity, and stability by Hans Gersbach( Book )
5 editions published in 2007 in English and held by 14 WorldCat member libraries worldwide
On the stability of balanced growth by Volker Böhm( Book )
1 edition published in 2007 in English and held by 3 WorldCat member libraries worldwide
Audience Level
Audience Level
  Kids General Special  
Audience level: 0.72 (from 0.47 for The dynami ... to 0.74 for Learning i ...)
Alternative Names
Wenzelburger, J.
English (35)