Dynamic Modeling, Empirical Macroeconomics, and Finance: Essays in Honor of Willi Semmler

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.