Alpo Willman

University of Kent - Canterbury Campus

Finland

SCHOLARLY PAPERS

24

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1,786

CITATIONS
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Top 13,610

in Total Papers Citations

38

Scholarly Papers (24)

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 259 (116,268)
Citation 16

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

2.

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 Campus
Downloads 210 (143,116)
Citation 3

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

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 196 (152,542)

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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 Campus
Downloads 1 (674,836)
Citation 19
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Constant Elasticity of Substitution Production Function, Estimation, Factor‐Augmenting Technical Change, Growth Theory, Identification, Normalization

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 Kent - Department of Economics, European Central Bank (ECB) and University of Kent - Canterbury Campus
Downloads 158 (184,742)
Citation 58

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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

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 Campus
Downloads 157 (185,680)
Citation 75

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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

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 Campus
Downloads 111 (243,386)
Citation 2

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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 Campus
Downloads 102 (258,213)
Citation 1

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consumption, wealth, life-cycle hypothesis

8.

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 - Department of Economics, European Central Bank (ECB) and University of Kent - Canterbury Campus
Downloads 73 (317,565)

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

9.

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 59 (354,813)
Citation 4

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

10.

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 57 (360,877)
Citation 4

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

11.

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 Campus and Oficina Econommica de Presidencia del Gobierno
Downloads 56 (363,916)
Citation 2

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Macro model, stock-flow equilibrium, Spain

12.

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 52 (376,535)
Citation 2

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

13.

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 - Department of Economics, European Central Bank (ECB) and University of Kent - Canterbury Campus
Downloads 49 (386,400)
Citation 2

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

14.

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 46 (396,784)
Citation 9

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Macro model, Open-economy macroeconomics, Rational expectations

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 - Department of Economics, European Central Bank (ECB) and University of Kent - Canterbury Campus
Downloads 38 (426,707)
Citation 11

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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 Campus
Downloads 36 (434,769)
Citation 19

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

17.

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 33 (447,255)

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

18.

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 32 (451,669)
Citation 1

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Consumption, Information, Habit Persistence, Precautionary Saving

19.

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 Campus
Downloads 27 (475,803)
Citation 14
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20.

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 19 (520,425)

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

21.

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 14 (549,531)

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

22.

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 Campus
Downloads 1 (642,649)
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23.

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 - Department of Economics and University of Kent - Canterbury Campus
Downloads 0 (660,893)
Citation 15
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24.

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