Details about Klaus Adam

E-mail:
Homepage:	http://adam.vwl.uni-mannheim.de/1528.0.html
Workplace:	Abteilung für Volkswirtschaftslehre (Department of Economics), Universität Mannheim (University of Mannheim), (more information at EDIRC)

Access statistics for papers by Klaus Adam.

Last updated 2024-10-08. Update your information in the RePEc Author Service.

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Working Papers

2025

1. Markups and Marginal Costs Over the Firm Life: Implications for the Optimal Inflation Target
   CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany
2. Overconfidence in Private Information Explains Biases in Professional Forecasts
   CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany

2024

3. Inflation Distorts Relative Prices: Theory and Evidence
   CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany
   Also in Discussion Papers, Deutsche Bundesbank (2024)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
4. The Optimal Inflation Target
   CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany
5. The Optimal Inflation Target: Bridging the Gap Between Theory and Policy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2022

6. Expectations Data in Asset Pricing
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   Also in CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany (2022) View citations (4)
7. Subjective Housing Price Expectations, Falling Natural Rates and the Optimal Inflation Target
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   See also Journal Article Subjective housing price expectations, falling natural rates, and the optimal inflation target, Journal of Monetary Economics, Elsevier (2025) (2025)

2021

8. The Case for a Positive Euro Area Inflation Target: Evidence From France, Germany and Italy
   CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany View citations (4)
   Also in Discussion Papers, Deutsche Bundesbank (2021) View citations (4)
   Working papers, Banque de France (2021) View citations (4)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
   Working Paper Series, European Central Bank (2021) View citations (4)
   Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2021) View citations (4)
   See also Journal Article The case for a positive euro area inflation target: Evidence from france, germany and italy, Journal of Monetary Economics, Elsevier (2022) View citations (6) (2022)

2020

9. Estimating the Optimal Inflation Target From Trends in Relative Prices
   CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany View citations (8)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (8)
   Working Paper Series, European Central Bank (2020) View citations (8)
   See also Journal Article Estimating the Optimal Inflation Target from Trends in Relative Prices, American Economic Journal: Macroeconomics, American Economic Association (2023) View citations (1) (2023)
10. Falling Natural Rates, Rising Housing Volatility and the Optimal Inflation Target
    CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany View citations (15)
11. Monetary Policy Challenges From Falling Natural Interest Rates
    CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany View citations (3)
12. Robustly Optimal Monetary Policy in a New Keynesian Model With Housing
    CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (1)
    CESifo Working Paper Series, CESifo (2020) View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (1)
    See also Journal Article Robustly optimal monetary policy in a new Keynesian model with housing, Journal of Economic Theory, Elsevier (2021) View citations (10) (2021)
13. Zur Reform der Einlagensicherung: Elemente einer anreizkompatiblen Europäischen Rückversicherung
    SAFE White Paper Series, Leibniz Institute for Financial Research SAFE

2019

14. Do Survey Expectations of Stock Returns Reflect Risk Adjustments?
    Staff Working Papers, Bank of Canada View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (10)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (6)
    2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (2)
    CESifo Working Paper Series, CESifo (2018) View citations (6)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2018) View citations (6)
    See also Journal Article Do survey expectations of stock returns reflect risk adjustments?, Journal of Monetary Economics, Elsevier (2021) View citations (12) (2021)
15. Price Trends Over the Product Life Cycle and the Optimal Inflation Target
    CESifo Working Paper Series, CESifo View citations (1)
    Also in Discussion Papers, Deutsche Bundesbank (2019) View citations (1)
    2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (1)
16. Stock Price Cycles and Business Cycles
    CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany View citations (17)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (17)
    Working Paper Series, European Central Bank (2019) View citations (16)

2018

17. Leaning Against Housing Prices as Robustly Optimal Monetary Policy
    CESifo Working Paper Series, CESifo View citations (10)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2018) View citations (10)
    NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (10)
    CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany (2018) View citations (9)
18. Optimal Trend Inflation
    CESifo Working Paper Series, CESifo View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (9)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2017) View citations (8)
    2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (4)
    CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany (2018) View citations (16)
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2018) View citations (4)
    Discussion Papers, Deutsche Bundesbank (2017) View citations (15)
    See also Journal Article Optimal Trend Inflation, American Economic Review, American Economic Association (2019) View citations (38) (2019)

2016

19. Price level changes and the redistribution of nominal wealth across the Euro area
    Working Papers, University of Mannheim, Department of Economics View citations (10)
    Also in Working Papers, University of Mannheim, Department of Economics (2014) View citations (12)
    Working Papers, Council on Economic Policies (2015) View citations (25)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (9)
    EconStor Preprints, ZBW - Leibniz Information Centre for Economics (2014) View citations (9)
    Working Paper Series, European Central Bank (2015) View citations (24)
    See also Journal Article PRICE-LEVEL CHANGES AND THE REDISTRIBUTION OF NOMINAL WEALTH ACROSS THE EURO AREA, Journal of the European Economic Association, European Economic Association (2016) View citations (75) (2016)

2015

20. Can a Financial Transaction Tax Prevent Stock Price Booms?
    Working Papers, Barcelona School of Economics View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (7)
    Working Papers, University of Mannheim, Department of Economics (2015) View citations (7)
    See also Journal Article Can a financial transaction tax prevent stock price booms?, Journal of Monetary Economics, Elsevier (2015) View citations (7) (2015)
21. Distributional Consequences of Asset Price Inflation in the Euro Area
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    Also in Working Papers, University of Mannheim, Department of Economics (2015) View citations (13)
    Discussion Papers, Deutsche Bundesbank (2015) View citations (9)
    See also Journal Article Distributional consequences of asset price inflation in the Euro Area, European Economic Review, Elsevier (2016) View citations (83) (2016)
22. Stock Market Volatility and Learning
    Working Papers, Barcelona School of Economics View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (16)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2011) View citations (2)
    Working Paper Series, European Central Bank (2008) View citations (34)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2011)
    Working Papers, University of Mannheim, Department of Economics (2012) View citations (15)
    Working Papers, Federal Reserve Bank of Minneapolis (2015) View citations (13)
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) (2008) View citations (35)
    See also Journal Article Stock Market Volatility and Learning, Journal of Finance, American Finance Association (2016) View citations (101) (2016)
23. Stock Price Booms and Expected Capital Gains
    Working Papers, Barcelona School of Economics View citations (11)
    Also in UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) (2014) View citations (14)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (46)
    Working Papers, University of Mannheim, Department of Economics (2014) View citations (13)
    See also Journal Article Stock Price Booms and Expected Capital Gains, American Economic Review, American Economic Association (2017) View citations (122) (2017)

2013

24. Distortionary Fiscal Policy and Monetary Policy Goals
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (5)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (5)
    Research Working Paper, Federal Reserve Bank of Kansas City (2010) View citations (8)
    See also Journal Article Distortionary fiscal policy and monetary policy goals, Economics Letters, Elsevier (2014) View citations (18) (2014)
25. Optimal sovereign default
    Discussion Papers, Deutsche Bundesbank View citations (10)
    Also in Working Papers, University of Mannheim, Department of Economics (2012) View citations (11)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (11)
    See also Journal Article Optimal Sovereign Default, American Economic Journal: Macroeconomics, American Economic Association (2017) View citations (13) (2017)

2012

26. Optimal Sovereign Debt Default
    2012 Meeting Papers, Society for Economic Dynamics View citations (3)
27. Robustly Optimal Monetary Policy in a Microfounded New Keynesian Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (48)
    Also in Working Papers, University of Mannheim, Department of Economics (2012) View citations (47)
    See also Journal Article Robustly optimal monetary policy in a microfounded New Keynesian model, Journal of Monetary Economics, Elsevier (2012) View citations (50) (2012)

2011

28. Booms and Busts in Asset Prices
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (10)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2011)
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2010) View citations (25)
29. House Price Booms and the Current Account
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (106)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (99)
    See also Chapter House Price Booms and the Current Account, NBER Chapters, National Bureau of Economic Research, Inc (2011) View citations (96) (2011)
    Journal Article House Price Booms and the Current Account, NBER Macroeconomics Annual, University of Chicago Press (2012) View citations (83) (2012)
30. Internal Rationality, Imperfect Market Knowledge and Asset Prices
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (107)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2011) View citations (2)
    See also Journal Article Internal rationality, imperfect market knowledge and asset prices, Journal of Economic Theory, Elsevier (2011) View citations (110) (2011)

2010

31. Government Debt and Optimal Monetary and Fiscal Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    See also Journal Article Government debt and optimal monetary and fiscal policy, European Economic Review, Elsevier (2011) View citations (52) (2011)
32. Optimal Monetary and Fiscal Stabilisation Policies
    OECD Economics Department Working Papers, OECD Publishing View citations (1)

2009

33. Inflation Dynamics and Subjective Expectations in the United States
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (6)
    See also Journal Article INFLATION DYNAMICS AND SUBJECTIVE EXPECTATIONS IN THE UNITED STATES, Economic Inquiry, Western Economic Association International (2011) View citations (111) (2011)
34. Internal Rationality and Asset Prices
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)

2007

35. Monetary conservatism and fiscal policy
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (5)
    Also in Working Paper Series, European Central Bank (2006) View citations (5)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (4)
    Computing in Economics and Finance 2005, Society for Computational Economics (2005) View citations (3)
    See also Journal Article Monetary conservatism and fiscal policy, Journal of Monetary Economics, Elsevier (2008) View citations (77) (2008)

2006

36. Demand Shocks and Monetary Policy
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (3)
37. Learning and Stock Market Volatility
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (15)

2005

38. Are Hyperinflationary Paths Learnable?
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
39. Discretionary monetary policy and the zero lower bound on nominal interest rates
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (20)
    Working Paper Series, European Central Bank (2004) View citations (22)
    Research Working Paper, Federal Reserve Bank of Kansas City (2005) View citations (4)
    See also Journal Article Discretionary monetary policy and the zero lower bound on nominal interest rates, Journal of Monetary Economics, Elsevier (2007) View citations (353) (2007)
40. Experimental Evidence on the Persistence of Output and Inflation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
    Also in Working Paper Series, European Central Bank (2005) View citations (12)
    See also Journal Article Experimental Evidence on the Persistence of Output and Inflation, Economic Journal, Royal Economic Society (2007) View citations (150) (2007)
41. Optimal monetary policy under commitment with a zero bound on nominal interest rates
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (7)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2004) View citations (20)
    Computing in Economics and Finance 2004, Society for Computational Economics (2004) View citations (30)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (11)
    Working Paper Series, European Central Bank (2004) View citations (21)
    See also Journal Article Optimal Monetary Policy under Commitment with a Zero Bound on Nominal Interest Rates, Journal of Money, Credit and Banking, Blackwell Publishing (2006) View citations (402) (2006)

2004

42. Optimal Monetary Policy with Imperfect Common Knowledge
    Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (16)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (14)
    Computing in Economics and Finance 2003, Society for Computational Economics (2003) View citations (23)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2003) View citations (8)
    See also Journal Article Optimal monetary policy with imperfect common knowledge, Journal of Monetary Economics, Elsevier (2007) View citations (142) (2007)
43. Should macroeconomists consider restricted perception equilibria? Evidence from the experimental laboratory
    Computing in Economics and Finance 2004, Society for Computational Economics

2003

44. Are Stationary Hyperinflation Paths Learnable?
    CESifo Working Paper Series, CESifo
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2003) View citations (4)
45. Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky Prices
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (37)
    See also Journal Article Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky Prices, The Review of Economic Studies, Review of Economic Studies Ltd (2003) View citations (37) (2003)
46. Learning to Forecast and Cyclical Behavior of Output and Inflation
    CFS Working Paper Series, Center for Financial Studies (CFS)
    Also in Computing in Economics and Finance 2003, Society for Computational Economics (2003)
    See also Journal Article LEARNING TO FORECAST AND CYCLICAL BEHAVIOR OF OUTPUT AND INFLATION, Macroeconomic Dynamics, Cambridge University Press (2005) View citations (55) (2005)
47. On the Relation between Robust and Bayesian Decision Making
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (1)
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2001) View citations (1)
    See also Journal Article On the relation between robust and Bayesian decision making, Journal of Economic Dynamics and Control, Elsevier (2004) View citations (20) (2004)

2002

48. Adaptive Learning and Cyclical Behavior of Output and Inflation
    Macroeconomics, University Library of Munich, Germany View citations (2)
    Also in Economics Working Papers, European University Institute (2000)
49. Learning and Equilibrium Selection in a Monetary Overlapping Generations Economy with Sticky Prices
    Macroeconomics, University Library of Munich, Germany

2001

50. Competitive Prices in Markets with Search and Information Frictions
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
51. Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (2)

1999

52. Learning While Searching for the Beat Alternative
    Economics Working Papers, European University Institute
    See also Journal Article Learning While Searching for the Best Alternative, Journal of Economic Theory, Elsevier (2001) View citations (27) (2001)

Journal Articles

2025

1. Subjective housing price expectations, falling natural rates, and the optimal inflation target
   Journal of Monetary Economics, 2025, 149, (C)
   See also Working Paper Subjective Housing Price Expectations, Falling Natural Rates and the Optimal Inflation Target, CEPR Discussion Papers (2022) (2022)

2024

2. Discussion of “Who bears the costs of inflation? Euro area households and the 2021–2022 shock”
   Journal of Monetary Economics, 2024, 148, (S)

2023

3. Estimating the Optimal Inflation Target from Trends in Relative Prices
   American Economic Journal: Macroeconomics, 2023, 15, (3), 1-42 View citations (1)
   See also Working Paper Estimating the Optimal Inflation Target From Trends in Relative Prices, CRC TR 224 Discussion Paper Series (2020) View citations (8) (2020)

2022

4. The case for a positive euro area inflation target: Evidence from france, germany and italy
   Journal of Monetary Economics, 2022, 132, (C), 140-153 View citations (6)
   See also Working Paper The Case for a Positive Euro Area Inflation Target: Evidence From France, Germany and Italy, CRC TR 224 Discussion Paper Series (2021) View citations (4) (2021)

2021

5. Do survey expectations of stock returns reflect risk adjustments?
   Journal of Monetary Economics, 2021, 117, (C), 723-740 View citations (12)
   See also Working Paper Do Survey Expectations of Stock Returns Reflect Risk Adjustments?, Staff Working Papers (2019) View citations (4) (2019)
6. Robustly optimal monetary policy in a new Keynesian model with housing
   Journal of Economic Theory, 2021, 198, (C) View citations (10)
   See also Working Paper Robustly Optimal Monetary Policy in a New Keynesian Model With Housing, CRC TR 224 Discussion Paper Series (2020) View citations (1) (2020)

2019

7. Optimal Trend Inflation
   American Economic Review, 2019, 109, (2), 702-37 View citations (38)
   See also Working Paper Optimal Trend Inflation, CESifo Working Paper Series (2018) View citations (5) (2018)

2017

8. Optimal Sovereign Default
   American Economic Journal: Macroeconomics, 2017, 9, (1), 128-64 View citations (13)
   See also Working Paper Optimal sovereign default, Discussion Papers (2013) View citations (10) (2013)
9. Stock Price Booms and Expected Capital Gains
   American Economic Review, 2017, 107, (8), 2352-2408 View citations (122)
   See also Working Paper Stock Price Booms and Expected Capital Gains, Working Papers (2015) View citations (11) (2015)

2016

10. Distributional consequences of asset price inflation in the Euro Area
    European Economic Review, 2016, 89, (C), 172-192 View citations (83)
    See also Working Paper Distributional Consequences of Asset Price Inflation in the Euro Area, CEPR Discussion Papers (2015) View citations (9) (2015)
11. PRICE-LEVEL CHANGES AND THE REDISTRIBUTION OF NOMINAL WEALTH ACROSS THE EURO AREA
    Journal of the European Economic Association, 2016, 14, (4), 871-906 View citations (75)
    Also in Journal of the European Economic Association, 2016, 14, (4), 871-906 (2016) View citations (8)
    See also Working Paper Price level changes and the redistribution of nominal wealth across the Euro area, Working Papers (2016) View citations (10) (2016)
12. Stock Market Volatility and Learning
    Journal of Finance, 2016, 71, (1), 33-82 View citations (101)
    See also Working Paper Stock Market Volatility and Learning, Working Papers (2015) View citations (9) (2015)

2015

13. Can a financial transaction tax prevent stock price booms?
    Journal of Monetary Economics, 2015, 76, (S), S90-S109 View citations (7)
    See also Working Paper Can a Financial Transaction Tax Prevent Stock Price Booms?, Working Papers (2015) View citations (7) (2015)

2014

14. Distortionary fiscal policy and monetary policy goals
    Economics Letters, 2014, 122, (1), 1-6 View citations (18)
    See also Working Paper Distortionary Fiscal Policy and Monetary Policy Goals, Working Paper Series (2013) (2013)

2012

15. House Price Booms and the Current Account
    NBER Macroeconomics Annual, 2012, 26, (1), 77 - 122 View citations (83)
    See also Chapter House Price Booms and the Current Account, NBER Chapters, 2011, 77-122 (2011) View citations (96) (2011)
    Working Paper House Price Booms and the Current Account, CEP Discussion Papers (2011) View citations (106) (2011)
16. Robustly optimal monetary policy in a microfounded New Keynesian model
    Journal of Monetary Economics, 2012, 59, (5), 468-487 View citations (50)
    See also Working Paper Robustly Optimal Monetary Policy in a Microfounded New Keynesian Model, CEPR Discussion Papers (2012) View citations (48) (2012)

2011

17. Government debt and optimal monetary and fiscal policy
    European Economic Review, 2011, 55, (1), 57-74 View citations (52)
    See also Working Paper Government Debt and Optimal Monetary and Fiscal Policy, CEPR Discussion Papers (2010) View citations (2) (2010)
18. INFLATION DYNAMICS AND SUBJECTIVE EXPECTATIONS IN THE UNITED STATES
    Economic Inquiry, 2011, 49, (1), 13-25 View citations (111)
    See also Working Paper Inflation Dynamics and Subjective Expectations in the United States, CSEF Working Papers (2009) View citations (6) (2009)
19. Internal rationality, imperfect market knowledge and asset prices
    Journal of Economic Theory, 2011, 146, (3), 1224-1252 View citations (110)
    See also Working Paper Internal Rationality, Imperfect Market Knowledge and Asset Prices, CEP Discussion Papers (2011) View citations (107) (2011)

2009

20. Monetary policy and aggregate volatility
    Journal of Monetary Economics, 2009, 56, (S), S1-S18 View citations (19)

2008

21. Monetary conservatism and fiscal policy
    Journal of Monetary Economics, 2008, 55, (8), 1376-1388 View citations (77)
    See also Working Paper Monetary conservatism and fiscal policy, Research Working Paper (2007) View citations (5) (2007)

2007

22. Discretionary monetary policy and the zero lower bound on nominal interest rates
    Journal of Monetary Economics, 2007, 54, (3), 728-752 View citations (353)
    See also Working Paper Discretionary monetary policy and the zero lower bound on nominal interest rates, CFS Working Paper Series (2005) View citations (4) (2005)
23. Experimental Evidence on the Persistence of Output and Inflation
    Economic Journal, 2007, 117, (520), 603-636 View citations (150)
    See also Working Paper Experimental Evidence on the Persistence of Output and Inflation, CEPR Discussion Papers (2005) View citations (12) (2005)
24. Explaining financial market puzzles with learning
    Research Bulletin, 2007, 6, 2-5
25. Optimal monetary policy with imperfect common knowledge
    Journal of Monetary Economics, 2007, 54, (2), 267-301 View citations (142)
    See also Working Paper Optimal Monetary Policy with Imperfect Common Knowledge, Econometric Society 2004 North American Winter Meetings (2004) View citations (16) (2004)

2006

26. Are hyperinflation paths learnable?
    Journal of Economic Dynamics and Control, 2006, 30, (12), 2725-2748 View citations (37)
27. Optimal Monetary Policy under Commitment with a Zero Bound on Nominal Interest Rates
    Journal of Money, Credit and Banking, 2006, 38, (7), 1877-1905 View citations (402)
    See also Working Paper Optimal monetary policy under commitment with a zero bound on nominal interest rates, Research Working Paper (2005) View citations (7) (2005)

2005

28. LEARNING TO FORECAST AND CYCLICAL BEHAVIOR OF OUTPUT AND INFLATION
    Macroeconomic Dynamics, 2005, 9, (1), 1-27 View citations (55)
    See also Working Paper Learning to Forecast and Cyclical Behavior of Output and Inflation, CFS Working Paper Series (2003) (2003)

2004

29. Monetary Policy in a Low Inflation Environment
    Research Bulletin, 2004, 1, 6-7
30. On the relation between robust and Bayesian decision making
    Journal of Economic Dynamics and Control, 2004, 28, (10), 2105-2117 View citations (20)
    See also Working Paper On the Relation between Robust and Bayesian Decision Making, CFS Working Paper Series (2003) View citations (1) (2003)

2003

31. Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky Prices
    The Review of Economic Studies, 2003, 70, (4), 887-907 View citations (37)
    See also Working Paper Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky Prices, CFS Working Paper Series (2003) View citations (37) (2003)

2001

32. Learning While Searching for the Best Alternative
    Journal of Economic Theory, 2001, 101, (1), 252-280 View citations (27)
    See also Working Paper Learning While Searching for the Beat Alternative, Economics Working Papers (1999) (1999)

Chapters

2024

1. Comment on "Who Bears the Costs of Inflation? Euro Area Households and the 2021–23 Shock"
   A chapter in Inflation in the COVID Era and Beyond, 2024

2011

2. House Price Booms and the Current Account
   A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 77-122 View citations (96)
   See also Journal Article House Price Booms and the Current Account, University of Chicago Press (2012) View citations (83) (2012)
   Working Paper House Price Booms and the Current Account, Centre for Economic Performance, LSE (2011) View citations (106) (2011)