Alpo Willman

University of Kent, Canterbury

Honorary professor

Keynes College

Canterbury, Kent CT2 7NP

United Kingdom

SCHOLARLY PAPERS

23

DOWNLOADS
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1,654

CITATIONS
Rank 5,955

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Top 5,955

in Total Papers Citations

85

Scholarly Papers (23)

1.

Wealth and Asset Price Effects on Economic Activity

ECB Occasional Paper No. 29
Number of pages: 66 Posted: 18 Nov 2005
Brevan Howard Asset Management LLP, Bank of Greece, Banco de España, Austrian National Bank, Bank of England, European Central Bank (ECB), Deutsche Bundesbank - Economics Department, Central Bank and Financial Services Authority of Ireland - Economic Analysis and Research Department and University of Kent, Canterbury
Downloads 203 (109,407)
Citation 12

Abstract:

household wealth, wealth channel, asset price, marginal propensity to consume, cost of capital

The Normalized CES Production Function: Theory and Empirics

ECB Working Paper No. 1294
Number of pages: 52 Posted: 22 Feb 2011
Rainer Klump, Peter McAdam and Alpo Willman
University of Frankfurt - Economics and Business Administration Area, European Central Bank (ECB) and University of Kent, Canterbury
Downloads 184 (133,707)
Citation 3

Abstract:

Normalization, Constant Elasticity of Substitution Production Function, Factor-Augmenting Technical Change, Growth Theory, Identification, Estimation

The Normalized CES Production Function: Theory and Empirics

Journal of Economic Surveys, Vol. 26, Issue 5, pp. 769-799, 2012
Number of pages: 31 Posted: 04 Oct 2012
Rainer Klump, Peter McAdam and Alpo Willman
University of Frankfurt - Economics and Business Administration Area, European Central Bank (ECB) and University of Kent, Canterbury
Downloads 1 (563,964)
Citation 3
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Abstract:

Constant Elasticity of Substitution Production Function, Estimation, Factor‐Augmenting Technical Change, Growth Theory, Identification, Normalization

3.

Euro Area Production Function and Potential Output: A Supply Side System Approach

ECB Working Paper No. 153
Number of pages: 54 Posted: 17 Jan 2003
Alpo Willman
University of Kent, Canterbury
Downloads 177 (125,606)
Citation 8

Abstract:

Production function, Supply-side, Factor shares, Potential output, Output gap

4.

Factor Substitution and Factor Augmenting Technical Progress in the US: A Normalized Supply-side System Approach

ECB Working Paper No. 367
Number of pages: 63 Posted: 01 Dec 2004
Rainer Klump, Peter McAdam and Alpo Willman
University of Frankfurt - Economics and Business Administration Area, European Central Bank (ECB) and University of Kent, Canterbury
Downloads 132 (162,054)
Citation 18

Abstract:

Capital-labor substitution, technological change, factor shares, normalized CES function, supply-side system, United States

5.

Identifying the Elasticity of Substitution with Biased Technical Change

ECB Working Paper No. 1001
Number of pages: 50 Posted: 05 Feb 2009
University of Kent, Canterbury - Department of Economics, European Central Bank (ECB) and University of Kent, Canterbury
Downloads 110 (161,159)
Citation 9

Abstract:

Constant Elasticity of Substitution, Factor-Augmenting Technical Change, Normalization, Factor Income share, Identification, Monte Carlo

6.

New Keynesian Phillips Curves: A Reassessment Using Euro-Area Data

ECB Working Paper No. 265
Number of pages: 65 Posted: 26 Jan 2004
Peter McAdam and Alpo Willman
European Central Bank (ECB) and University of Kent, Canterbury
Downloads 96 (211,191)
Citation 9

Abstract:

Phillips Curves, Inflation Dynamics, Supply-Side, Euro-Area

7.

Consumption, Habit Persistence, Imperfect Information and the Lifetime Budget Constraint

ECB Working Paper No. 251
Number of pages: 36 Posted: 26 Jan 2004
Alpo Willman
University of Kent, Canterbury
Downloads 95 (218,489)
Citation 5

Abstract:

consumption, wealth, life-cycle hypothesis

8.

The Spanish Block of the ESCB-Multi-Country Model

ECB Working Paper No. 149
Number of pages: 77 Posted: 17 Jan 2003
Alpo Willman and Ángel Estrada
University of Kent, Canterbury and Oficina Econommica de Presidencia del Gobierno
Downloads 52 (305,496)
Citation 9

Abstract:

Macro model, stock-flow equilibrium, Spain

9.

Technology, Utilization and Inflation: What Drives the New Keynesian Phillips Curve?

ECB Working Paper No. 1369
Number of pages: 48 Posted: 22 Aug 2011
Peter McAdam and Alpo Willman
European Central Bank (ECB) and University of Kent, Canterbury
Downloads 51 (308,154)
Citation 1

Abstract:

Inflation, real marginal costs, production function, labor share, cyclicality, utilization, intensive labor, overtime premia

10.

State-Dependency and Firm-Level Optimization: A Contribution to Calvo Price Staggering

ECB Working Paper No. 806
Number of pages: 32 Posted: 22 Aug 2007
Peter McAdam and Alpo Willman
European Central Bank (ECB) and University of Kent, Canterbury
Downloads 48 (319,231)
Citation 3

Abstract:

Calvo Price Staggering, New Keynesian Phillips Curves, State-Dependency, Firm-Level Optimization, Regime Dependency

11.

The ECB's New Multi-Country Model for the Euro Area: NMCM - With Boundedly Rational Learning Expectations

ECB Working Paper No. 1316
Number of pages: 52 Posted: 11 Apr 2011
European Central Bank (ECB), European Central Bank (ECB), University of Leicester - Department of Economics and University of Kent, Canterbury
Downloads 46 (308,154)
Citation 1

Abstract:

Expectation, bounded rationality, learning, imperfect information, heterogeneity, macro modelling, open-economy macroeconomics

12.

The ECB's New Multi-Country Model for the Euro Area: NMCM - Simulated with Rational Expectations

ECB Working Paper No. 1315
Number of pages: 70 Posted: 11 Apr 2011
European Central Bank (ECB), European Central Bank (ECB) and University of Kent, Canterbury
Downloads 38 (336,967)

Abstract:

Macro model, Open-economy macroeconomics, Rational expectations

13.

In Dubio Pro CES: Supply Estimation with Misspecified Technical-Change

ECB Working Paper No. 1175
Number of pages: 52 Posted: 22 Apr 2010
University of Kent, Canterbury - Department of Economics, European Central Bank (ECB) and University of Kent, Canterbury
Downloads 38 (288,196)

Abstract:

Constant Elasticity of Substitution, Factor-Augmenting Technical Change, Technical Progress Neutrality, Factor Income share, Balanced Growth

14.

Aggregation, the Skill Premium, and the Two-Level Production Function

ECB Working Paper No. 1400
Number of pages: 30 Posted: 30 Nov 2011
University of Kent, Canterbury - Department of Economics, European Central Bank (ECB) and University of Kent, Canterbury
Downloads 32 (343,249)

Abstract:

Two-level CES production function, factor-augmenting technical progress, factor substitution, aggregation, skill-premium

15.

Shocking Stuff: Technology, Hours, and Factor Substitution

ECB Working Paper No. 1278
Number of pages: 70 Posted: 22 Dec 2010
University of Surrey, University of Kent, Canterbury - Department of Economics, European Central Bank (ECB) and University of Kent, Canterbury
Downloads 31 (366,782)
Citation 4

Abstract:

Technology Shocks, HoursWorked, RBC and NK models, Normalization, Factor Substitution, Factor Bias

16.

Medium Run Redux: Technical Change, Factor Shares and Frictions in the Euro Area

ECB Working Paper No. 915
Number of pages: 53 Posted: 04 Jul 2008
Peter McAdam and Alpo Willman
European Central Bank (ECB) and University of Kent, Canterbury
Downloads 29 (370,358)
Citation 2

Abstract:

Medium Run, Euro Area, Elasticity of Substitution, Factor-Augmenting Technical Progress, Productivity, Income Distribution, Adjustment Costs, Effective Labor Hours

17.

Sequential Optimization, Front-Loaded Information, and U.S. Consumption

ECB Working Paper No. 765
Number of pages: 38 Posted: 28 Jun 2007
Alpo Willman
University of Kent, Canterbury
Downloads 28 (385,743)
Citation 1

Abstract:

Consumption, Information, Habit Persistence, Precautionary Saving

18.

Supply, Factor Shares and Inflation Persistence: Re-examining Euro-area New-Keynesian Phillips Curves

Oxford Bulletin of Economics & Statistics, Vol. 66, No. S1, pp. 637-670, September 2004
Number of pages: 34 Posted: 25 Sep 2004
Peter McAdam and Alpo Willman
European Central Bank (ECB) and University of Kent, Canterbury
Downloads 27 (403,122)
Citation 7
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Abstract:

19.

Model of the United States Economy with Learning MUSEL

ECB Working Paper No. 1745
Number of pages: 52 Posted: 03 Dec 2014
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and University of Kent, Canterbury
Downloads 11 (453,391)

Abstract:

macro model, open-economy macroeconomics, rational expectations, learning

20.

Unraveling the Skill Premium

ECB Working Paper No. 1800
Number of pages: 49 Posted: 24 Jun 2015
Peter McAdam and Alpo Willman
European Central Bank (ECB) and University of Kent, Canterbury
Downloads 7 (398,620)

Abstract:

Capital-Skill Complementarity; Factor Substitution; Factor-Augmenting Technical Progress; Inequality; Multi-level CES production function; Projections; Skill Premium

21.

Arrow–Calvo Price Staggering

The Manchester School, Vol. 78, Issue 6, pp. 556-581, December 2010
Number of pages: 26 Posted: 25 Oct 2010
Peter McAdam and Alpo Willman
European Central Bank (ECB) and University of Kent, Canterbury
Downloads 1 (535,951)
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Abstract:

22.

Production Technology Estimates and Balanced Growth

Oxford Bulletin of Economics and Statistics, Vol. 77, Issue 1, pp. 40-65, 2015
Number of pages: 26 Posted: 07 Jan 2015
Miguel A. Leon-Ledesma and Alpo Willman
University of Kent, Canterbury - Department of Economics and University of Kent, Canterbury
Downloads 0 (548,141)
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Abstract:

23.

The Long-Term Success of the Neoclassical Growth Model

Oxford Review of Economic Policy, Vol. 23, Issue 1, pp. 94-114, 2007
Posted: 25 Jun 2008
Rainer Klump, Peter McAdam and Alpo Willman
affiliation not provided to SSRN, European Central Bank (ECB) and University of Kent, Canterbury

Abstract:

Solow growth model, capital labour substitution, technological change, factor shares, normalized CES function, supply-side system, United States, euro area