The period adding and incrementing bifurcations: from rotation theory to applications

A Granados, L Alsedà, M Krupa - SIAM Review, 2017 - SIAM
This survey article is concerned with the study of bifurcations of discontinuous piecewise-
smooth maps, with a special focus on the one-dimensional case. We review the literature on …

Causes of fragile stock market stability

L Gardini, D Radi, N Schmitt, I Sushko… - Journal of Economic …, 2022 - Elsevier
We develop a behavioral stock market model in which a market maker adjusts stock prices
with respect to the orders of chartists, fundamentalists and sentiment traders. We analytically …

A simple model of a speculative housing market

R Dieci, F Westerhoff - Journal of Evolutionary Economics, 2012 - Springer
We develop a simple model of a speculative housing market in which the demand for
houses is influenced by expectations about future housing prices. Guided by empirical …

Perception of fundamental values and financial market dynamics: Mathematical insights from a 2D piecewise linear map

L Gardini, D Radi, N Schmitt, I Sushko… - SIAM Journal on Applied …, 2022 - SIAM
We develop a simple financial market model in which a market maker adjusts the price with
respect to orders placed by chartists and fundamentalists. A novel feature of our model is …

Exchange rate expectations of chartists and fundamentalists

CD Dick, L Menkhoff - Journal of Economic Dynamics and Control, 2013 - Elsevier
This paper provides novel evidence on exchange rate expectations of both chartists and
fundamentalists separately. These groups indeed form expectations differently. Chartists …

Heterogeneity, spontaneous coordination and extreme events within large-scale and small-scale agent-based financial market models

N Schmitt, F Westerhoff - Journal of Evolutionary Economics, 2017 - Springer
We propose a novel agent-based financial market framework in which speculators usually
follow their own individual technical and fundamental trading rules to determine their orders …

Chaos, border collisions and stylized empirical facts in an asset pricing model with heterogeneous agents

M Anufriev, L Gardini, D Radi - Nonlinear Dynamics, 2020 - Springer
An asset pricing model with chartists, fundamentalists and trend followers is considered. A
market maker adjusts the asset price in the direction of the excess demand at the end of …

Exchange Rate Dynamics and Central Bank Interventions: On the (De) Stabilizing Nature of Targeting Long-Run Fundamentals Interventions.

L Gardini, D Radi, N Schmitt, I Sushko… - … , Psychology & Life …, 2024 - search.ebscohost.com
We develop a foreign exchange market model in which a market maker adjusts the
exchange rate with respect to the trading behavior of chartists, fundamentalists and a central …

The bull and bear market model of Huang and Day: Some extensions and new results

F Tramontana, F Westerhoff, L Gardini - Journal of Economic Dynamics and …, 2013 - Elsevier
We develop a financial market model with interacting chartists and fundamentalists that
embeds the famous bull and bear market model of Huang and Day as a special case. Their …