Peter McAdam

European Central Bank (ECB)

Kaiserstrasse 29

Eurotower

D-60311 Frankfurt am Main

Germany

SCHOLARLY PAPERS

51

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5,597

TOTAL CITATIONS
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Top 5,138

in Total Papers Citations

164

Scholarly Papers (51)

1.

Concentration, Market Power and Dynamism in the Euro Area

ECB Working Paper No. 2019/2253
Number of pages: 68 Posted: 26 Mar 2019 Last Revised: 19 Jan 2022
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bank of Greece - Economic Research Department, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 437 (138,258)
Citation 8

Abstract:

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euro area, market power, micro-macro data

2.

Forecasting Inflation with Thick Models and Neural Networks

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 432 (140,077)
Citation 1

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

3.

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 353 (175,861)
Citation 3

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

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 238 (264,777)
Citation 42

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

5.

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

Number of pages: 40 Posted: 19 Jan 2004
Peter McAdam
European Central Bank (ECB)
Downloads 232 (271,417)

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Business cycle, Markov switching, Synchronization, Turning points

6.

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 218 (288,106)
Citation 13

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

7.

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

Number of pages: 56 Posted: 07 Feb 2003
Peter McAdam and Julian Benedict Morgan
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 178 (347,396)

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Monetary transmission mechanism, euro area, macro models

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 161 (378,704)

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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 3 (1,317,793)
Citation 3
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capital-labor substitution, credit crunch, employment protection, Firm Growth

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 148 (406,561)
Citation 26

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

10.

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 146 (411,112)

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

11.

Developing a Euro Area Accounting Matrix: Issues and Applications

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 137 (432,238)

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National Accounts, National Accounting Matrix, Euro Area

12.

Unemployment, Hysteresis and Transition

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 137 (432,238)

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Unemployment, Hysteresis, Unit Root, Transition, Markov Switching

13.

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

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 131 (447,837)
Citation 1

Abstract:

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euro area, monetary policy rule, optimization

14.

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 130 (450,645)

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

15.

Product Market Structure and Monetary Policy: Evidence from the Euro Area

ECB Working Paper No. 2021/2632
Number of pages: 50 Posted: 22 Dec 2021 Last Revised: 12 Jan 2022
European Central Bank (ECB), European Central Bank (ECB), Bank of Greece - Economic Research Department and University of Navarra - IESE Business School
Downloads 118 (485,634)

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competition, credit constraints, marginal costs, monetary transmission, OMT

16.

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 103 (536,485)
Citation 6

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labor share, growth, income distribution, wavelet analysis

17.

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 National Institute of Economic and Social Research (NIESR)
Downloads 101 (543,841)

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Interest-rate rules, robustness, structured uncertainty

18.

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

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 101 (543,841)

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

19.

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 97 (558,735)
Citation 9

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

20.

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 97 (558,735)
Citation 3

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

21.

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, Warsaw School of Economics (SGH), De Nederlandsche Bank, Bank of Italy, National Bank of Poland and European Central Bank (ECB)
Downloads 95 (566,258)
Citation 3

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

22.

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 90 (585,586)
Citation 5

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

23.

Exploring Okun's Law Asymmetry: An Endogenous Threshold Lstr Approach

Number of pages: 56 Posted: 08 Jan 2020
Athens University of Economics and Business, European Central Bank (ECB) and Athens University of Economics and Business - Department of Economics
Downloads 86 (601,851)
Citation 6

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asymmetries, copula, endogeneity, logistic transition, Monte Carlo, output, test for linearity, unemployment

24.

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 85 (606,143)
Citation 2

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

25.

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 84 (610,392)

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Macro-econometric Modelling, Italy

26.

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 78 (636,514)
Citation 2

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Monetary rules, commitment, discretion, welfare gains

27.

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 77 (640,988)
Citation 1

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

28.

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 77 (640,988)

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

29.

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 77 (640,988)

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

30.

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 76 (645,546)
Citation 3

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

31.

Monetary Policy, Neutrality and the Environment

ECB Working Paper No. 2021/2573
Number of pages: 26 Posted: 27 Jul 2021
Florida Atlantic UniversityFlorida Atlantic University, European Central Bank (ECB) and University of Padua - Department of Pure and Applied Mathematics
Downloads 75 (650,227)

Abstract:

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32.

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 75 (650,227)

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

33.

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 74 (655,011)
Citation 1

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

34.

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 72 (664,554)
Citation 5

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

35.

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 71 (669,438)
Citation 3

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frontier efficiency, MENA, development, stochastic frontier

36.

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 71 (669,438)
Citation 6

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

37.

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 69 (679,300)
Citation 1

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

38.

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 68 (684,437)

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

39.

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, Warsaw School of Economics (SGH), De Nederlandsche Bank, Bank of Italy, National Bank of Poland and European Central Bank (ECB)
Downloads 64 (705,760)
Citation 1

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

40.

Anticipation of Future Consumption: A Monetary Perspective

ECB Working Paper No. 1448
Number of pages: 36 Posted: 27 Jul 2012
Florida Atlantic UniversityFlorida Atlantic University and European Central Bank (ECB)
Downloads 62 (717,018)
Citation 1

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

41.

Financial Reforms and Innovation: A Micro-Macro Perspective

ECB Working Paper No. 2021/2544
Number of pages: 46 Posted: 05 May 2021
University of Macedonia, Middlesex University, Athens University of Economics and Business and European Central Bank (ECB)
Downloads 60 (728,218)

Abstract:

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42.

Density Forecast Combinations: The Real-Time Dimension

Number of pages: 119 Posted: 25 Feb 2020
Peter McAdam and Anders Warne
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 60 (728,218)
Citation 1

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Bayesian inference, euro area, forecast comparisons, model averaging, prediction pools, predictive likelihood

43.

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 58 (740,091)
Citation 3

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

44.

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 57 (746,062)
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

45.

Serial Sovereign Default: The Role of Shocks and Fiscal Habits

ECB Working Paper No. 2021/2629
Number of pages: 79 Posted: 21 Dec 2021
Florida Atlantic UniversityFlorida Atlantic University, European Central Bank (ECB) and Catholic University of Brazil (UCB)
Downloads 50 (791,577)

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default probability, fiscal shocks, habit formation, topological robustness

46.

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
Florida Atlantic UniversityFlorida Atlantic University and European Central Bank (ECB)
Downloads 47 (813,086)
Citation 2

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Sustainability, Environment, Resources, Growth

47.

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 25 (1,011,435)
Citation 1

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

48.

Returns to Scale: New Evidence from Administrative Firm-Level Data

Deutsche Bundesbank Discussion Paper No. 24/2024
Number of pages: 54 Posted: 05 Jul 2024
European Central Bank (ECB), European Central Bank (ECB), International Monetary Fund (IMF) - Research Department and Deutsche Bundesbank
Downloads 16 (1,118,811)

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Firm & sectoral production function estimation, imperfect competition, firm characteristics, Gandhi-Navarro-Rivers, iBACH database

49.

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

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

50.

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)

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51.

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)

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Other Papers (1)

Total Downloads: 31
1.

Financial Reforms and Innovation: A Micro-Macro Perspective

S. Boikos and D. Christopoulos also acknowledge financial support from the Hellenic Foundation for Research and Innovation under the "First call for H.F.R.I.Research Projects to support Faculty members and Researchers and the procurement of high-cost research equipment grant "(project 11320601).
Number of pages: 44 Posted: 01 Apr 2021 Last Revised: 01 Jun 2021
University of Macedonia, Middlesex University, Athens University of Economics and Business and European Central Bank (ECB)
Downloads 31

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Finance; Growth; Patents; Monitoring; Reserves Paradox; Estimation