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Alpo Willman

University of Kent - Canterbury Campus

Finland

SCHOLARLY PAPERS

21

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Top 38,602

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3,268

TOTAL CITATIONS
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Top 7,838

in Total Papers Citations

87

Scholarly Papers (21)

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 Campus
Downloads 472 (150,726)
Citation 1

Abstract:

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

2.

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 Campus
Downloads 438 (165,638)
Citation 3

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

3.

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

Number of pages: 54 Posted: 17 Jan 2003
Alpo Willman
University of Kent - Canterbury Campus
Downloads 311 (242,568)
Citation 8

Abstract:

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

4.

Identifying the Elasticity of Substitution with Biased Technical Change

ECB Working Paper No. 1001
Number of pages: 50 Posted: 05 Feb 2009
University of Exeter, European Central Bank (ECB) and University of Kent - Canterbury Campus
Downloads 301 (251,365)
Citation 42

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

5.

Factor Substitution and Factor Augmenting Technical Progress in the Us: A Normalized Supply-Side System Approach

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 Campus
Downloads 289 (262,373)
Citation 13

Abstract:

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

6.

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

Number of pages: 65 Posted: 26 Jan 2004
Peter McAdam and Alpo Willman
European Central Bank (ECB) and University of Kent - Canterbury Campus
Downloads 171 (440,151)

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

7.

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 Exeter, European Central Bank (ECB) and University of Kent - Canterbury Campus
Downloads 142 (518,102)

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

8.

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

Number of pages: 36 Posted: 26 Jan 2004
Alpo Willman
University of Kent - Canterbury Campus
Downloads 136 (537,489)

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consumption, wealth, life-cycle hypothesis

9.

The Spanish Block of the Escb-Multi-Country Model

Number of pages: 77 Posted: 17 Jan 2003
Alpo Willman and Ángel Estrada
University of Kent - Canterbury Campus and Oficina Econommica de Presidencia del Gobierno
Downloads 104 (669,616)

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Macro model, stock-flow equilibrium, Spain

10.

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 Exeter, European Central Bank (ECB) and University of Kent - Canterbury Campus
Downloads 100 (689,572)

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

11.

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 Campus
Downloads 98 (699,467)
Citation 1

Abstract:

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Macro model, Open-economy macroeconomics, Rational expectations

12.

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 Campus
Downloads 95 (715,072)
Citation 2

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

13.

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 Campus
Downloads 93 (725,554)
Citation 2

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

14.

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 Exeter, European Central Bank (ECB) and University of Kent - Canterbury Campus
Downloads 88 (753,595)
Citation 7

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

15.

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 Campus
Downloads 86 (765,566)

Abstract:

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

16.

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 Campus
Downloads 81 (796,622)
Citation 1

Abstract:

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

17.

The Role of Factor Substitution and Technical Progress in China’s Great Expansion

ECB Working Paper No. 2180
Number of pages: 61 Posted: 27 Sep 2018
Ana-Simona Manu, Peter McAdam and Alpo Willman
European Central Bank (ECB), European Central Bank (ECB) and University of Kent - Canterbury Campus
Downloads 69 (883,195)
Citation 3

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China, reform period, growth, TFP, factor substitution, de la grandville hypothesis, optimal savings

18.

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 Campus
Downloads 68 (891,180)
Citation 2

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

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 Campus
Downloads 63 (933,592)
Citation 1

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

20.

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 Campus
Downloads 63 (933,592)
Citation 1

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Consumption, Information, Habit Persistence, Precautionary Saving

21.

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 Campus

Abstract:

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