Christian R. Proaño
University Professor of Economics, Otto-Friedrich-Universität Bamberg
Peer-Reviewed Journal Articles
- Lojak, B., Makarewicz, T. & C.R. Proaño (2023), Low Interest Rates, Banks’ Search for Yield Behavior and Financial Portfolio Management, North American Journal of Economics and Finance, Jan., 101839.
- Neuner, M., Proaño, C.R., & A. Russo (2022), Countercyclical Capital Buffers, Bank Concentration and Macrofinancial Stability in an Agent-Based Macro-Financial Framework. Advances in Complex Systems, 25(2-3), 2240001.
- Kotb, N. & C.R. Proaño (2022), Capital-Constrained Loan Creation, Household Stock Market Participation and Monetary Policy in a Behavioral New Keynesian Model. International Journal of Finance and Economics, https://doi.org/10.1002/ijfe.2619.
- Proaño, C.R., Peña, J.C. & T. Saalfeld (2022), Inequality, Macroeconomic Performance and Political Polarization: An Panel Analysis of 20 Advanced Democracies. Review of Social Economy.
- Proaño, C.R. & B. Lojak (2021), Monetary Policy with a State-Dependent Inflation Target in a Behavioral Two-Country Monetary Union Model, Journal of Economic Dynamics and Control, 133, 104236, Dec.
- Proaño, C.R. & B. Lojak (2020), Animal Spirits, Risk Premia and Monetary Policy and the Zero Lower Bound. Journal of Economic Behavior & Organization, 171, 221-233.
- Dräger, L. & C.R. Proaño (2020), Cross-Border Banking and Macroprudential Policies in Asymmetric Currency Unions. Macroeconomic Dynamics, 24(2), 255-290.
- Mateane, L. & C.R. Proaño (2020), Does Monetary Policy React Asymmetrically to Exchange Rate Misalignments? Evidence for South Africa. Empirical Economics, 58(4), 1639-1658.
- Strohsal, T., Proaño, C.R. & J. Wolters (2018), Assessing the Cross-Country Interaction of Financial Cycles: Evidence from a Multivariate Spectral Analysis of the US and the UK. Empirical Economics, 57(2), 385-398.
- Flaschel, P., Charpe, M., Galanis, G., C.R. Proaño & R. Veneziani (2018), Macroeconomic and Stock Market Interactions with Endogenous Aggregate Sentiment Dynamics. Journal of Economic Dynamics and Control, 91, 237-256.
- Kato, M., Proaño, C. R. & W. Semmler (2018), Does International Reserves Targeting Decrease the Vulnerability to Capital Flights? Research in International Business and Finance, 44, 64-75.
- Menden, C. & C.R. Proaño (2017), Dissecting the Financial Cycle with Dynamic Factor Models. Quantitative Finance, 17(2), 1965-1994.
- Proaño, C. R. (2017), Detecting and Predicting Economic Accelerations, Recessions, and Normal Growth Periods in Real-Time. Journal of Forecasting, 36(1), 26-42.
- Bask, M. & C. R. Proaño (2016), Optimal Monetary Policy under Learning and Structural Uncertainty in a New Keynesian Model with a Cost Channel and Inflation Inertia. Journal of Economic Dynamics and Control, 69, 112-126.
- Charpe, M., Flaschel, P., Krolzig, H.-M. Proaño, C. R., Semmler, W. & D. Tavani (2015), Credit-Driven Investment, Labor Market Heterogeneity and Macroeconomic Dynamics. Journal of Economic Interaction and Coordination, 10(1), 163-181.
- Flaschel, P., Hartmann, F., Malikane, C. & C.R. Proaño (2015), A Behavioral Macroeconomic Model of Exchange Rate Fluctuations with Complex Market Expectations Formation. Computational Economics, 45(4), 669-691, Apr.
- Proaño, C.R., Schoder, C.& W. Semmler (2014), Financial Stress, Sovereign Debt and Economic Activity in Industrialized Countries: Evidence from Dynamic Threshold Regressions. Journal of International Money and Finance, 45, 17-37.
- Proaño, C.R. & T. Theobald (2014), Predicting German Recessions with a Composite Real-Time Dynamic Probit Indicator. International Journal of Forecasting, 30, 898-917.
- Schoder, C., Proaño, C.R. & W. Semmler (2013), Are the current account imbalances in EMU countries sustainable? Evidence from parametric and non-parametric tests. Journal of Applied Econometrics, 28(7), 1179-1204, Nov.-Dec.
- Proaño, C.R. (2013), Monetary Policy Rules and Macroeconomic Stabilization in Small Open Economies under Behavioral FX Trading: Insights from Numerical Simulations. The Manchester School 81(6), 992-1011, Dec.
- Chiarella, C., Hartmann, F., Flaschel, P. & C.R. Proaño (2012), Stock Market Booms, Endogenous Credit Creation and the Implications of Broad and Narrow Banking for Macroeconomic Stability. Journal of Economic Behavior & Organization 83, 410-423.
- Chiarella, C., Flaschel, P, Köper, C, Proaño, C.R. & W. Semmler (2012), Macroeconomic Stabilization Policies in Intrinsically Unstable Macroeconomies. Studies in Nonlinear Dynamics & Econometrics, (Special Issue: Recent Advances in Continuous-time Econometrics and Economic Dynamics -– Contributions in Honor of Giancarlo Gandolfo), 16(2), Apr.
- Proaño, C.R. (2012), Should Monetary Policy Take Account of National Labor Market Asymmetries in a Currency Union? Economics Bulletin, 32(3), 1878-1889.
- Proaño, C.R. (2012), Gradual Wage-Price Adjustments, Labor Market Frictions and Monetary Policy Rules. Journal of Economic Behavior & Organization, 82(1), 220-235, Apr.
- Charpe, M., Flaschel, P. & C.R. Proaño (2012), Income Distribution, Credit Rationing and Households’ Debt. Metroeconomica, 63(3), 458-492.
- Taylor, L., Proaño, C.R., De Carvalho, L. & N. Barbosa (2012), Fiscal Deficits, Economic Growth, and Government Debt in the USA. Cambridge Journal of Economics, 36, 189-204.
- Asada, T., Charpe, M., Flaschel, P., Malikane, C., Mouakil, T. & C.R. Proaño (2011), Output, Stock Markets and Macro-Policy Measures in a Keynesian Portfolio Model. Intervention. European Journal of Economics and Economic Policy, 8(2), 341-360.
- Flaschel, P, Greiner, A., Logeay, C. & C.R. Proaño (2011), Employment Cycles, Low Income Work and the Dynamic Impact of Minimum Wages. A Macro Perspective. Journal of Evolutionary Economics (6 July 2011), 1-16.
- Charpe, M., Flaschel, P., Hartmann, F. & C.R. Proaño (2011), Stabilizing an Unstable Economy: Fiscal and and Monetary Policy, Stocks, and the Term Structure of Interest Rates. Economic Modelling, 28(5), 2129-2136, Sep.
- Asada, T., Chiarella, C., Flaschel, P., Mouakil, T., Proaño, C.R. & W. Semmler (2011), Stock-Flow Interactions and Disequilibrium Macroeconomics: The Role of Economic Policy. Journal of Economic Surveys, 25(3), 569-599, July.
- Flaschel, P., Proaño, C.R. & S. Luchtenberg (2011), Crisis as Opportunity: A Tentative Roadmap of Reforms towards Social Capitalism. Bulletin of Political Economy, 5(1), 1-40 (June).
- Diallo, M.B., Flaschel, P. & C.R. Proaño (2011), Reconsidering the Dynamic Interaction between Real Wages and Macroeconomic Activity. Research in World Economy 2(1), Apr.
- Proaño, C.R., Flaschel, P., Krolzig, H.M. & M.B. Diallo (2011), Monetary Policy and Macroeconomic Stability under Alternative Demand Regimes. Cambridge Journal of Economics 35(3), 569-585.
- Asada, T., Flaschel, P., Greiner, A. & C.R. Proaño (2011), Sustainable Capitalism: Full-Employment Flexicurity Growth with Real Wage Rigidities. Journal of Economic Behavior & Organization, 77(4), 248-264, Mar.
- Proaño, C.R. (2011), Exchange Rate Determination, Macroeconomic Dynamics and Stability under Heterogeneous Behavioral FX Expectations. Journal of Economic Behavior & Organization, 77(2), 177-188, Feb.
- Asada, T., Chiarella, C., Flaschel, P., Mouakil, T., Proaño, C.R. & W. Semmler (2010), Stabilizing an Unstable Economy: On the Choice of Proper Policy Measures. Economics: The Open-Access, Open-Assessment E-Journal, Special Issue on “Managing Financial Instability in Capitalistic Economies” (Eds: Lux, T. & M. Raberto), 3(2010-21), July 16.
- Charpe, M., Flaschel, P., Proaño, C.R. & W. Semmler (2009), Overconsumption, Credit Rationing and Bail-Out-Based Monetary Policy. Intervention. European Journal of Economics and Economic Policy 6(2), 247-270.
- Proaño, C.R. (2009), (De-)Stabilizing International Macroeconomic Interactions in an Estimated Model of the U.S. and the Euro Area. International Economics and Economic Policy, 6(4), 421-443.
- Flaschel, P. & C.R. Proaño (2009), The J2 Status of “Chaos” in Period Macroeconomic Models. Studies in Nonlinear Dynamics and Econometrics 13(2), Article 2.
- Flaschel, P., Franke, R. & C.R. Proaño (2008), On Equilibrium Determinacy in New Keynesian Models with Staggered Wage and Price Setting. The B.E. Journal of Macroeconomics, 8(1), Article 31 (Topics).
- Proaño, C.R., Flaschel, P. & W. Semmler (2008), Currency Crises and Monetary Policy in Economies with Partial Dollarization of Liabilities. ICFAI Journal of Monetary Economics VI(3), pp. 14-39.
- Flaschel, P., Franke, R. & C.R. Proaño (2006), Wage-Price Dynamics and Income Distribution in a Semi-Structural Keynes-Goodwin Model. Structural Change and Economic Dynamics, 17, 452-465.
- Proaño, C.R. Flaschel, P. & W. Semmler (2005), Currency and Financial Crises in Emerging Market Economies in the Medium Run. Journal of Economic Asymmetries, 2, 105-130.
- Proaño, C.R. (2005), Dolarización de Obligaciones, Fragilidad Financiera y Desempeño Macroeconómico. Cuestiones Económicas, 21(1), 1-23, Banco Central del Ecuador.
Christian R. Proaño 