Peter McAdam

European Central Bank (ECB)

Kaiserstrasse 29

Eurotower

D-60311 Frankfurt am Main

Germany

University of Surrey, Economics

Guildford

Guildford, Surrey GU2 5XH

United Kingdom

SCHOLARLY PAPERS

49

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3,010

CITATIONS
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50

Scholarly Papers (49)

1.

Forecasting Inflation with Thick Models and Neural Networks

ECB Working Paper No. 352
Number of pages: 35 Posted: 14 Oct 2004
Paul D. McNelis and Peter McAdam
Georgetown University - Department of Economics and European Central Bank (ECB)
Downloads 362 (80,603)
Citation 5

Abstract:

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Neural Networks, Thick Models, Phillips curves, real-time

2.

Us, Japan and the Euro Area: Comparing Business-Cycle Features

ECB Working Paper No. 283
Number of pages: 40 Posted: 19 Jan 2004
Peter McAdam
European Central Bank (ECB)
Downloads 208 (144,384)
Citation 2

Abstract:

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Business cycle, Markov switching, Synchronization, Turning points

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 (152,514)

Abstract:

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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 (674,418)
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 (184,706)
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 (185,646)
Citation 75

Abstract:

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

6.

The Monetary Transmission Mechanism in the Euro Area Level: Issues and Results Using Structural Macroeconomic Models (Mtn Conference Paper)

ECB Working Paper No. 93
Number of pages: 56 Posted: 07 Feb 2003
Peter McAdam and Julian Benedict Morgan
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 147 (196,084)
Citation 4

Abstract:

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Monetary transmission mechanism, euro area, macro models

Optimal Monetary Policy Rules for the Euro Area: An Analysis Using the Area Wide Model

ECB Working Paper No. 360
Number of pages: 55 Posted: 30 Nov 2004
Alistair Dieppe, Keith Kuester and Peter McAdam
European Central Bank (ECB), Federal Reserve Banks - Federal Reserve Bank of Philadelphia and European Central Bank (ECB)
Downloads 102 (259,791)
Citation 17

Abstract:

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euro area, monetary policy rule, optimization

Optimal Monetary Policy Rules for the Euro Area: An Analysis Using the Area Wide Model

Journal of Common Market Studies, Vol. 43, No. 3, pp. 507-537, September 2005
Number of pages: 31 Posted: 12 Sep 2005
Alistair Dieppe, Keith Kuester and Peter McAdam
European Central Bank (ECB), Federal Reserve Banks - Federal Reserve Bank of Philadelphia and European Central Bank (ECB)
Downloads 29 (478,223)
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8.
Downloads 119 (231,386)
Citation 3

Unemployment, Hysteresis and Transition

ECB Working Paper No. 234
Number of pages: 49 Posted: 02 Dec 2003
Peter McAdam and Miguel A. Leon-Ledesma
European Central Bank (ECB) and University of Kent - Department of Economics
Downloads 108 (249,473)
Citation 8

Abstract:

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Unemployment, Hysteresis, Unit Root, Transition, Markov Switching

Unemployment, Hysteresis and Transition

Scottish Journal of Political Economy, Vol. 51, No. 3, pp. 377-401, August 2004
Number of pages: 25 Posted: 04 Aug 2004
Miguel A. Leon-Ledesma and Peter McAdam
University of Kent - Department of Economics and European Central Bank (ECB)
Downloads 11 (590,965)
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9.

Tax Reform and Labour-Market Performance in the Euro Area: A Simulation-Based Analysis Using the New Area-Wide Model

ECB Working Paper No. 747
Number of pages: 73 Posted: 25 Apr 2007
Günter Coenen, Peter McAdam and Roland Straub
European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 113 (240,283)
Citation 79

Abstract:

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DSGE modelling, limited asset-market participation, fiscal policy, tax

10.

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 (243,340)
Citation 2

Abstract:

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

11.

Developing a Euro Area Accounting Matrix: Issues and Applications

ECB Working Paper No. 356
Number of pages: 55 Posted: 16 Nov 2004
European Central Bank (ECB), European Central Bank - Director General Statistics, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 102 (258,165)
Citation 4

Abstract:

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National Accounts, National Accounting Matrix, Euro Area

12.

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 (317,507)

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

13.

Risk Management in Action - Robust Monetary Policy Rules under Structured Uncertainty

ECB Working Paper No. 870
Number of pages: 62 Posted: 04 Mar 2008
School of Economics, University of Surrey, European Central Bank (ECB), London Metropolitan University - Department of Economics, Finance and International Business (EFIB) and University of Surrey - Department of Economics
Downloads 70 (324,883)
Citation 1

Abstract:

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Interest-rate rules, robustness, structured uncertainty

14.

Inflation Forecast-Based-Rules and Indeterminacy: A Puzzle and a Resolution

ECB Working Paper No. 643
Number of pages: 36 Posted: 30 Jun 2006
Paul Levine, Peter McAdam and Joseph Pearlman
School of Economics, University of Surrey, European Central Bank (ECB) and London Metropolitan University - Department of Economics, Finance and International Business (EFIB)
Downloads 62 (346,156)
Citation 12

Abstract:

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Inflation-forecast-based interest rate rules, Calvo-type interest rate rules

15.

Endogenous Labor Share Cycles: Theory and Evidence

ECB Working Paper No. 1765
Number of pages: 72 Posted: 17 Mar 2015
Jakub Growiec, Peter McAdam and Jakub Muck
National Bank of Poland, European Central Bank (ECB) and National Bank of Poland - Department of Economics
Downloads 61 (348,963)
Citation 4

Abstract:

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labor income share, endogenous cycles, factor-augmenting endogenous technical change, technology menu, R&D, CES, normalization

16.

The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area

ECB Working Paper No. 479
Number of pages: 48 Posted: 01 Jun 2005
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and Bank of Italy
Downloads 59 (354,747)
Citation 11

Abstract:

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macroeconomic modelling, model uncertainty, monetary policy rules, robustness, euro area

17.

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 (360,813)
Citation 4

Abstract:

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

18.

Assessing Macro-Financial Linkages: A Model Comparison Exercise

National Bank of Poland Working Paper No. 110
Number of pages: 44 Posted: 16 Apr 2012
affiliation not provided to SSRN, Sveriges Riksbank, Deutsche Bundesbank - Research Centre, National Bank of Poland, De Nederlandsche Bank, Bank of Italy, National Bank of Poland and European Central Bank (ECB)
Downloads 56 (363,860)
Citation 8

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financial frictions, credit constraints, financial accelerator, model comparison, Eurosystem Central Bank models

19.

Will the True Labor Share Stand Up?

ECB Working Paper No. 1806
Number of pages: 47 Posted: 24 Jun 2015
Jakub Muck, Peter McAdam and Jakub Growiec
National Bank of Poland - Department of Economics, European Central Bank (ECB) and National Bank of Poland
Downloads 53 (373,230)
Citation 2

Abstract:

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labor share; mean reversion; persistence; spectral analysis; structural breaks

20.

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 (376,470)
Citation 2

Abstract:

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

21.

Financial Market Frictions in a Model of the Euro Area

ECB Working Paper No. 1423
Number of pages: 63 Posted: 13 Feb 2012
Giovanni Lombardo and Peter McAdam
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 51 (379,717)
Citation 5

Abstract:

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euro area, financial frictions, Bayesian estimation, simulation, DSGE modeling, decompositions

22.

Evaluating Macro-Modelling Systems: An Application to the Area Wide Model

Number of pages: 56 Posted: 16 Mar 2007
Peter McAdam and Ricardo Mestre
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 51 (379,717)
Citation 1

Abstract:

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Macro-model, Stylised Facts, Spectral analysis, Forecast Projections, Model Evaluation

23.

Quantifying and Sustaining Welfare Gains from Monetary Commitment

ECB Working Paper No. 709
Number of pages: 70 Posted: 16 Jan 2007
Paul Levine, Peter McAdam and Joseph Pearlman
School of Economics, University of Surrey, European Central Bank (ECB) and London Metropolitan University - Department of Economics, Finance and International Business (EFIB)
Downloads 50 (383,019)
Citation 20

Abstract:

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Monetary rules, commitment, discretion, welfare gains

24.

The Italian Block of the Escb Multi-Country Model

ECB Working Paper No. 660
Number of pages: 72 Posted: 02 Aug 2006
European Central Bank (ECB), European Stability Mechanism and European Central Bank (ECB)
Downloads 50 (383,019)

Abstract:

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Macro-econometric Modelling, Italy

25.

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 (386,329)
Citation 2

Abstract:

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

26.

Is Forecasting with Large Models Informative? Assessing the Role of Judgement in Macroeconomic Forecasts

ECB Working Paper No. 950
Number of pages: 63 Posted: 18 Nov 2008
Ricardo Mestre and Peter McAdam
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 48 (389,853)
Citation 1

Abstract:

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Macro-model, Forecast Projections, Out-of-Sample, In-Sample, Forecast Accuracy, Structural Break

27.

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 (426,621)
Citation 11

Abstract:

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

28.

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 (434,683)
Citation 19

Abstract:

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

29.

Dealing with Endogeneity in Threshold Models Using Copulas: An Illustration to the Foreign Trade Multiplier

ECB Working Paper No. 2136, ISBN: 978-92-899-3241-7
Number of pages: 40 Posted: 19 Mar 2018
MODUL University of Vienna, European Central Bank (ECB) and Athens University of Economics and Business - Department of Economics
Downloads 34 (442,978)

Abstract:

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Threshold model, SUR systems, Copulas, Kourtellos et al.(2016), foreign trade multiplier

30.

Do Financial Reforms Help Stabilize Inequality?

ECB Working Paper No. 1780
Number of pages: 26 Posted: 09 Apr 2015
Dimitris Christopoulos and Peter McAdam
Panteion University of Athens - Department of Economic and Regional Development and European Central Bank (ECB)
Downloads 34 (442,978)

Abstract:

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inequality, Gini coefficient, financial reform, unit root, panel, fractional integration

31.

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 (447,168)

Abstract:

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

32.

Anticipation of Future Consumption: A Monetary Perspective

ECB Working Paper No. 1448
Number of pages: 36 Posted: 27 Jul 2012
João Ricardo Faria and Peter McAdam
Florida Atlantic University and European Central Bank (ECB)
Downloads 31 (456,271)
Citation 3

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Anticipation, consumption behavior, money demand, money and growth, Friedman rule, stability

33.

Efficiency, Inefficiency and the MENA Frontier

ECB Working Paper No. 1757
Number of pages: 57 Posted: 18 Feb 2015
Dimitris Christopoulos and Peter McAdam
Panteion University of Athens - Department of Economic and Regional Development and European Central Bank (ECB)
Downloads 29 (465,690)

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frontier efficiency, MENA, development, stochastic frontier

Credit Shocks, Employment Protection, and Growth: Firm-Level Evidence from Spain

ECB Working Paper No. 2166
Number of pages: 66 Posted: 12 Jul 2018
Luc Laeven, Peter McAdam and Alexander A. Popov
European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 27 (489,162)

Abstract:

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credit crunch, employment protection, capital-labor substitution, firm growth

Credit Shocks, Employment Protection, and Growth: Firm-Level Evidence from Spain

CEPR Discussion Paper No. DP13026
Number of pages: 64 Posted: 03 Jul 2018
Luc Laeven, Peter McAdam and Alexander A. Popov
European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 1 (674,418)
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capital-labor substitution, credit crunch, employment protection, Firm Growth

35.

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 (475,712)
Citation 14
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36.

On the Optimal Labor Income Share

ECB Working Paper No. 2142, ISBN: 978-92-899-3247-9
Number of pages: 37 Posted: 18 Apr 2018
Jakub Growiec, Peter McAdam and Jakub Muck
National Bank of Poland, European Central Bank (ECB) and National Bank of Poland - Department of Economics
Downloads 25 (486,411)

Abstract:

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labor income share, endogenous growth, Factor augmenting endogenous technical change, social optimum, decentralized allocation

37.

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 (549,399)

Abstract:

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

38.

Assessing Macro-Financial Linkages: A Model Comparison Exercise

Bundesbank Discussion Paper No. 02/2012
Number of pages: 56 Posted: 21 Jun 2016
Deutsche Bundesbank, Sveriges Riksbank, Deutsche Bundesbank - Research Centre, National Bank of Poland, De Nederlandsche Bank, Bank of Italy, National Bank of Poland and European Central Bank (ECB)
Downloads 10 (573,621)

Abstract:

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Financial Frictions, Credit Constraints, Financial Accelerator, Model Comparison, Eurosystem central bank models

39.

Concentration, Market Power and Dynamism in the Euro Area

ECB Working Paper No. 2253 (2019); ISBN 978-92-899-3515-9
Number of pages: 68 Posted: 26 Mar 2019
Organization for Economic Co-Operation and Development (OECD), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bank of Portugal and European Central Bank (ECB)
Downloads 9 (579,771)

Abstract:

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Market Power, Euro Area, Micro-macro Data

40.

Labor Share and Growth in the Long Run

ECB Working Paper No. 2251 (2019); ISBN 978-92-899-3513-5
Number of pages: 49 Posted: 25 Mar 2019
Matthieu Charpe, Slim Bridji and Peter McAdam
International Labour Organization (ILO), University of Applied Sciences and Arts, Northwestern Switzerland and European Central Bank (ECB)
Downloads 5 (605,204)

Abstract:

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labor share, growth, income distribution, wavelet analysis

41.

Euro Area Real-Time Density Forecasting with Financial or Labor Market Frictions

ECB Working Paper No. 2140, ISBN: 978-92-899-3245-5
Number of pages: 101 Posted: 18 Apr 2018
Peter McAdam and Anders Warne
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 4 (611,975)

Abstract:

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Bayesian inference, DSGE models, forecast comparison, inflation, output, predictive likelihood

42.

The Green Golden Rule: Habit and Anticipation of Future Consumption

ECB Working Paper No. 2247 (2019); ISBN 978-92-899-3509-8
Number of pages: 10 Posted: 27 Feb 2019
João Ricardo Faria and Peter McAdam
Florida Atlantic University and European Central Bank (ECB)
Downloads 2 (629,823)

Abstract:

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Sustainability, Environment, Resources, Growth

43.

Will the 'True' Labor Share Stand Up? An Applied Survey on Labor Share Measures

Journal of Economic Surveys, Vol. 32, Issue 4, pp. 961-984, 2018
Number of pages: 24 Posted: 20 Aug 2018
Jakub Muck, Peter McAdam and Jakub Growiec
National Bank of Poland - Department of Economics, European Central Bank (ECB) and National Bank of Poland
Downloads 1 (642,532)
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Applications, Labor share, Labor share taxonomy, Mixed income, Stylized facts

44.

Immanuel Kant and Endogenous Growth Theory

Scottish Journal of Political Economy, Vol. 63, Issue 5, pp. 427-442, 2016
Number of pages: 16 Posted: 04 Oct 2016
Gabriel Fagan, Vitor Gaspar and Peter McAdam
European Central Bank (ECB), European Commission and European Central Bank (ECB)
Downloads 1 (642,532)
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45.

Openness, Efficiency and Technology: An Industry Assessment

Scottish Journal of Political Economy, Vol. 60, Issue 1, pp. 56-70, 2013
Number of pages: 15 Posted: 04 Jan 2013
Dimitris Christopoulos and Peter McAdam
Panteion University of Athens - Department of Economic and Regional Development and European Central Bank (ECB)
Downloads 1 (642,532)
Citation 1
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46.

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 (642,532)
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47.

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

48.

Large Scale Fiscal Retrenchments: Long-Run Lessons from the Stability Pact

CEPR Discussion Paper Series No. 1843
Posted: 06 Aug 1998
Andrew J. Hughes and Peter McAdam
Cardiff Business School and European Central Bank (ECB)

Abstract:

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49.

Four Essays and a Funeral: Budgetary Arithmetic Under the Maastricht Treaty

CEPR Discussion Paper Series No. 1755
Posted: 13 Mar 1997
Andrew J. Hughes and Peter McAdam
Cardiff Business School and European Central Bank (ECB)

Abstract:

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