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Details about Peter McAdam

Homepage:http://sites.google.com/site/petermcadamshomepage/home
Workplace:European Central Bank, (more information at EDIRC)

Access statistics for papers by Peter McAdam.

Last updated 2019-06-14. Update your information in the RePEc Author Service.

Short-id: pmc38


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Working Papers

2019

  1. Concentration, market power and dynamism in the euro area
    Working Paper Series, European Central Bank Downloads
  2. Labor share and growth in the long run
    Working Paper Series, European Central Bank Downloads
  3. The Green Golden Rule: habit and anticipation of future consumption
    Working Paper Series, European Central Bank Downloads
    See also Journal Article in Economics Letters (2018)

2018

  1. Credit Shocks, Employment Protection, and Growth: Firm-level Evidence from Spain
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (1)
    Also in Working Paper Series, European Central Bank (2018) Downloads
  2. Dealing with endogeneity in threshold models using copulas: an illustration to the foreign trade multiplier
    Working Paper Series, European Central Bank Downloads
  3. Euro area real-time density forecasting with financial or labor market frictions
    Working Paper Series, European Central Bank Downloads View citations (1)
    See also Journal Article in International Journal of Forecasting (2019)
  4. On the Optimal Labor Income Share
    Working Papers, Warsaw School of Economics, Collegium of Economic Analysis Downloads
  5. The role of factor substitution and technical progress in China's great expansion
    Working Paper Series, European Central Bank Downloads

2017

  1. Unraveling the Skill Premium
    School of Economics Discussion Papers, School of Economics, University of Surrey Downloads View citations (3)
    Also in Working Paper Series, European Central Bank (2015) Downloads

    See also Journal Article in Macroeconomic Dynamics (2018)

2016

  1. Endogenous Labor Share Cycles: Theory and Evidence
    Working Papers, Warsaw School of Economics, Collegium of Economic Analysis Downloads
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015) Downloads View citations (8)
    Working Paper Series, European Central Bank (2015) Downloads View citations (25)

    See also Journal Article in Journal of Economic Dynamics and Control (2018)
  2. On the Persistence of Cross-Country Inequality Measures
    School of Economics Discussion Papers, School of Economics, University of Surrey Downloads View citations (1)
    See also Journal Article in Journal of Money, Credit and Banking (2017)

2015

  1. Do financial reforms help stabilize inequality?
    Working Paper Series, European Central Bank Downloads View citations (4)
    See also Journal Article in Journal of International Money and Finance (2017)
  2. Efficiency, Inefficiency and the MENA Frontier
    Working Paper Series, European Central Bank Downloads
    See also Journal Article in Macroeconomic Dynamics (2019)
  3. Will the true labor share stand up?
    Working Paper Series, European Central Bank Downloads View citations (18)
    See also Journal Article in Journal of Economic Surveys (2018)

2014

  1. Does Tenure Make Researchers Less Productive? The Case of the “Specialist”
    School of Economics Discussion Papers, School of Economics, University of Surrey Downloads
  2. Kant’s Endogenous Growth Mechanism
    School of Economics Discussion Papers, School of Economics, University of Surrey Downloads

2013

  1. From Social Contract to Arab Spring: Macroeconomic Adjustment under Regime Change
    School of Economics Discussion Papers, School of Economics, University of Surrey Downloads
  2. On Habit and the Socially Efficient Level of Consumption and Work Effort
    School of Economics Discussion Papers, School of Economics, University of Surrey Downloads View citations (4)
  3. Shocking Stuff: Technology, Hours, and Factor Substitution
    School of Economics Discussion Papers, School of Economics, University of Surrey Downloads View citations (2)
    Also in EcoMod2010, EcoMod Downloads View citations (5)
    Working Paper Series, European Central Bank (2010) Downloads View citations (19)

    See also Journal Article in Journal of the European Economic Association (2014)

2012

  1. A new perspective on the Gold Standard: Inflation as a population phenomenon
    School of Economics Discussion Papers, School of Economics, University of Surrey Downloads View citations (3)
    See also Journal Article in Journal of International Money and Finance (2012)
  2. Anticipation of Future Consumption: A Monetary Perspective
    EcoMod2012, EcoMod Downloads
    Also in Working Paper Series, European Central Bank (2012) Downloads

    See also Journal Article in Journal of Money, Credit and Banking (2013)
  3. Assessing macro-financial linkages: A model comparison exercise
    Discussion Papers, Deutsche Bundesbank Downloads View citations (7)
    Also in NBP Working Papers, Narodowy Bank Polski, Economic Research Department (2012) Downloads View citations (8)

    See also Journal Article in Economic Modelling (2013)
  4. Explaining the Skill Premium: Technical Change or Capita-Skill Complements?
    EcoMod2012, EcoMod Downloads View citations (1)
  5. Financial market frictions in a model of the euro area
    Working Paper Series, European Central Bank Downloads View citations (38)
    See also Journal Article in Economic Modelling (2012)
  6. Non-Balanced Growth and Production Technology Estimation
    Studies in Economics, School of Economics, University of Kent Downloads View citations (5)
  7. Openness, Efficiency and Technology: An Industry Assessment
    School of Economics Discussion Papers, School of Economics, University of Surrey Downloads
    See also Journal Article in Scottish Journal of Political Economy (2013)
  8. Technology, Utilization and Inflation: What Drives the New Keynesian Phillips Curve?
    School of Economics Discussion Papers, School of Economics, University of Surrey Downloads View citations (13)
    Also in Working Paper Series, European Central Bank (2011) Downloads View citations (2)

    See also Journal Article in Journal of Money, Credit and Banking (2013)

2011

  1. Aggregation, the skill premium, and the two-level production function
    Working Paper Series, European Central Bank Downloads View citations (2)
  2. The normalized CES production function: theory and empirics
    Working Paper Series, European Central Bank Downloads View citations (14)
    See also Journal Article in Journal of Economic Surveys (2012)

2010

  1. In dubio pro CES - Supply estimation with mis-specified technical change
    Working Paper Series, European Central Bank Downloads View citations (13)

2009

  1. Identifying the elasticity of substitution with biased technical change
    Working Paper Series, European Central Bank Downloads View citations (53)
    See also Journal Article in American Economic Review (2010)

2008

  1. Happiness Inertia: Analytical Aspects of the Easterlin Paradox
    School of Economics Discussion Papers, School of Economics, University of Surrey Downloads View citations (1)
  2. Is forecasting with large models informative? Assessing the role of judgement in macroeconomic forecasts
    Working Paper Series, European Central Bank Downloads View citations (3)
    See also Journal Article in Journal of Forecasting (2011)
  3. Medium run redux: technical change, factor shares and frictions in the euro area
    Working Paper Series, European Central Bank Downloads View citations (10)
  4. Risk Management in Action. Robust monetary policy rules under structured uncertainty
    Working Paper Series, European Central Bank Downloads View citations (7)

2007

  1. Disaggregate Real Exchange Rate Behaviour
    Working Papers, Business School - Economics, University of Glasgow Downloads View citations (3)
    See also Journal Article in Open Economies Review (2007)
  2. Phillips-Curve Dynamics: Mark-Up Cyclicality, Effective Hours and Regime-Dependency
    Kiel Working Papers, Kiel Institute for the World Economy (IfW) Downloads
  3. Quantifying and sustaining welfare gains from monetary commitment
    Working Paper Series, European Central Bank Downloads View citations (18)
    See also Journal Article in Journal of Monetary Economics (2008)
  4. State-dependency and firm-level optimization: a contribution to Calvo price staggering
    Working Paper Series, European Central Bank Downloads View citations (7)
  5. Tax reform and labour-market performance in the euro area: a simulation-based analysis using the New Area-Wide Model
    Working Paper Series, European Central Bank Downloads View citations (114)
    See also Journal Article in Journal of Economic Dynamics and Control (2008)

2006

  1. Inflation forecast-based-rules and indeterminacy: a puzzle and a resolution
    Working Paper Series, European Central Bank Downloads View citations (8)
    See also Journal Article in International Journal of Central Banking (2007)
  2. The Italian block of the ESCB multi-country model
    Working Paper Series, European Central Bank Downloads View citations (6)
  3. Welfare Gains from Monetary Commitment in a Model of the Euro-Area
    Computing in Economics and Finance 2006, Society for Computational Economics

2005

  1. The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area
    MPRA Paper, University Library of Munich, Germany Downloads View citations (37)
    Also in Working Paper Series, European Central Bank (2005) Downloads View citations (42)

    See also Journal Article in International Journal of Central Banking (2005)

2004

  1. Developing a euro area accounting matrix: issues and applications
    Working Paper Series, European Central Bank Downloads View citations (6)
  2. Factor Substitution and Factor Augmenting Technical Progress in the US: A Normalized Supply-Side System Approach
    DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade Downloads View citations (19)
    Also in Working Paper Series, European Central Bank (2004) Downloads View citations (45)
  3. Forecasting inflation with thick models and neural networks
    Working Paper Series, European Central Bank Downloads View citations (10)
    See also Journal Article in Economic Modelling (2005)
  4. Optimal monetary policy rules for the euro area: an analysis using the area wide model
    Working Paper Series, European Central Bank Downloads View citations (25)
    See also Journal Article in Journal of Common Market Studies (2005)

2003

  1. New Keynesian Phillips Curves: a reassessment using euro-area data
    Working Paper Series, European Central Bank Downloads View citations (24)
  2. Robust Monetary Policy Rules in the Area Wide Model
    Computing in Economics and Finance 2003, Society for Computational Economics
  3. US, Japan and the euro area: comparing business-cycle features
    Working Paper Series, European Central Bank Downloads View citations (11)
    See also Journal Article in International Review of Applied Economics (2007)
  4. Unemployment, Hysterisis and Transition
    Royal Economic Society Annual Conference 2003, Royal Economic Society Downloads View citations (2)
    Also in Working Paper Series, European Central Bank (2003) Downloads View citations (16)

    See also Journal Article in Scottish Journal of Political Economy (2004)

2001

  1. Fiscal Consolidation and the Probability Distribution of Deficits: A Stochastic Analysis of the Stability Pact
    Studies in Economics, School of Economics, University of Kent Downloads
  2. The monetary transmission mechanism at the euro-area level: issues and results using structural macroeconomic models
    Working Paper Series, European Central Bank Downloads View citations (15)

1999

  1. The NAIRU Concept - Measurement uncertainties, hysteresis and economic policy role
    European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission Downloads View citations (12)

1998

  1. A Pedagogical Note on the Long Run of Macro Economic Models
    Studies in Economics, School of Economics, University of Kent Downloads
  2. Large Scale Fiscal Retrenchments: Long-Run Lessons from the Stability Pact
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (1)

1996

  1. Fiscal Deficit Reductions in Line with the Maastricht Criteria for Monetary Union: An Empirical Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (7)
  2. Four Essays and a Funeral: Budgetary Arithmetic under the Maastricht Treaty
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (1)

Undated

  1. In Dubio, pro CES: technical progress specification and the elasticity of substitution
    EcoMod2010, EcoMod Downloads
  2. Labour market dynamics in the euro area: A model-based sensitivity analysis
    Modeling, Computing, and Mastering Complexity 2003, Society for Computational Economics Downloads
  3. The Role of Water Sector in Iranian Economy: A CGE Modeling Approach
    EcoMod2010, EcoMod Downloads
  4. Which policy-mix to mitigate the effects of the financial heterogeneity in a monetary union?
    EcoMod2010, EcoMod Downloads

Journal Articles

2019

  1. EFFICIENCY, INEFFICIENCY, AND THE MENA FRONTIER
    Macroeconomic Dynamics, 2019, 23, (02), 489-521 Downloads
    See also Working Paper (2015)
  2. Euro area real-time density forecasting with financial or labor market frictions
    International Journal of Forecasting, 2019, 35, (2), 580-600 Downloads
    See also Working Paper (2018)

2018

  1. After the credit squeeze: how labour market flexibility can strengthen firm growth and employment
    Research Bulletin, 2018, 52 Downloads
  2. Endogenous labor share cycles: Theory and evidence
    Journal of Economic Dynamics and Control, 2018, 87, (C), 74-93 Downloads View citations (12)
    See also Working Paper (2016)
  3. The green golden rule: Habit and anticipation of future consumption
    Economics Letters, 2018, 172, (C), 131-133 Downloads
    See also Working Paper (2019)
  4. UNRAVELING THE SKILL PREMIUM
    Macroeconomic Dynamics, 2018, 22, (01), 33-62 Downloads
    See also Working Paper (2017)
  5. WILL THE “TRUE” LABOR SHARE STAND UP? AN APPLIED SURVEY ON LABOR SHARE MEASURES
    Journal of Economic Surveys, 2018, 32, (4), 961-984 Downloads View citations (1)
    See also Working Paper (2015)

2017

  1. Do financial reforms help stabilize inequality?
    Journal of International Money and Finance, 2017, 70, (C), 45-61 Downloads View citations (4)
    See also Working Paper (2015)
  2. On the Persistence of Cross‐Country Inequality Measures
    Journal of Money, Credit and Banking, 2017, 49, (1), 255-266 Downloads View citations (1)
    See also Working Paper (2016)

2016

  1. Immanuel Kant and Endogenous Growth Theory
    Scottish Journal of Political Economy, 2016, 63, (5), 427-442 Downloads
  2. de La Grandville, Olivier: Economic growth: a unified approach
    Journal of Economics, 2016, 119, (1), 91-96 Downloads View citations (2)

2015

  1. Academic productivity before and after tenure: the case of the ‘specialist’
    Oxford Economic Papers, 2015, 67, (2), 291-309 Downloads View citations (3)
  2. Macroeconomic adjustment under regime change: From social contract to Arab Spring
    Journal of International Money and Finance, 2015, 56, (C), 1-22 Downloads View citations (4)
  3. Production Technology Estimates and Balanced Growth
    Oxford Bulletin of Economics and Statistics, 2015, 77, (1), 40-65 Downloads View citations (30)

2014

  1. SHOCKING STUFF: TECHNOLOGY, HOURS, AND FACTOR SUBSTITUTION
    Journal of the European Economic Association, 2014, 12, (1), 108-128 Downloads View citations (21)
    See also Working Paper (2013)

2013

  1. Anticipation of Future Consumption: A Monetary Perspective
    Journal of Money, Credit and Banking, 2013, 45, (2-3), 423-447 Downloads View citations (10)
    See also Working Paper (2012)
  2. Assessing macro-financial linkages: A model comparison exercise
    Economic Modelling, 2013, 31, (C), 253-264 Downloads View citations (15)
    See also Working Paper (2012)
  3. MEDIUM RUN REDUX
    Macroeconomic Dynamics, 2013, 17, (04), 695-727 Downloads View citations (58)
  4. Openness, Efficiency and Technology: An Industry Assessment
    Scottish Journal of Political Economy, 2013, 60, (1), 56-70 Downloads View citations (4)
    See also Working Paper (2012)
  5. Technology, Utilization, and Inflation: What Drives the New Keynesian Phillips Curve?
    Journal of Money, Credit and Banking, 2013, 45, (8), 1547-1579 Downloads View citations (3)
    See also Working Paper (2012)

2012

  1. A new perspective on the Gold Standard: Inflation as a population phenomenon
    Journal of International Money and Finance, 2012, 31, (6), 1358-1370 Downloads View citations (3)
    See also Working Paper (2012)
  2. Financial market frictions in a model of the Euro area
    Economic Modelling, 2012, 29, (6), 2460-2485 Downloads View citations (33)
    See also Working Paper (2012)
  3. Probability models and robust policy rules
    European Economic Review, 2012, 56, (2), 246-262 Downloads View citations (8)
  4. THE NORMALIZED CES PRODUCTION FUNCTION: THEORY AND EMPIRICS
    Journal of Economic Surveys, 2012, 26, (5), 769-799 Downloads View citations (96)
    See also Working Paper (2011)
  5. The happiness puzzle: analytical aspects of the Easterlin paradox
    Oxford Economic Papers, 2012, 64, (1), 27-42 Downloads View citations (12)

2011

  1. Interest Rate Smoothing and "Calvo-Type" Interest Rate Rules: A Comment on Levine, McAdam, and Pearlman (2007)
    International Journal of Central Banking, 2011, 7, (3), 79-90 Downloads View citations (1)
  2. Is forecasting with large models informative? Assessing the role of judgement in macroeconomic forecasts
    Journal of Forecasting, 2011, 30, (3), 303-324 Downloads View citations (2)
    See also Working Paper (2008)
  3. Technology, hours and factor substitution
    Research Bulletin, 2011, 13, 8-12 Downloads View citations (2)

2010

  1. ARROW-CALVO PRICE STAGGERING
    Manchester School, 2010, 78, (6), 556-581 Downloads
  2. Identifying the Elasticity of Substitution with Biased Technical Change
    American Economic Review, 2010, 100, (4), 1330-57 Downloads View citations (140)
    See also Working Paper (2009)
  3. Incorporating financial frictions into new-generation macro models
    Research Bulletin, 2010, 9, 13-16 Downloads

2008

  1. Evaluating macro-economic models in the frequency domain: A note
    Economic Modelling, 2008, 25, (6), 1137-1143 Downloads View citations (2)
  2. Quantifying and sustaining welfare gains from monetary commitment
    Journal of Monetary Economics, 2008, 55, (7), 1253-1276 Downloads View citations (59)
    See also Working Paper (2007)
  3. Tax reform and labour-market performance in the euro area: A simulation-based analysis using the New Area-Wide Model
    Journal of Economic Dynamics and Control, 2008, 32, (8), 2543-2583 Downloads View citations (214)
    See also Working Paper (2007)
  4. Unwrapping some euro area growth puzzles: Factor substitution, productivity and unemployment
    Journal of Macroeconomics, 2008, 30, (2), 645-666 Downloads View citations (30)

2007

  1. Disaggregate Real Exchange Rate Behaviour
    Open Economies Review, 2007, 18, (4), 389-404 Downloads View citations (3)
    See also Working Paper (2007)
  2. Factor Substitution and Factor-Augmenting Technical Progress in the United States: A Normalized Supply-Side System Approach
    The Review of Economics and Statistics, 2007, 89, (1), 183-192 Downloads View citations (144)
  3. Inflation-Forecast-Based Rules and Indeterminacy: A Puzzle and a Resolution
    International Journal of Central Banking, 2007, 3, (4), 77-110 Downloads View citations (14)
    See also Working Paper (2006)
  4. Productivity growth in the euro area
    Research Bulletin, 2007, 6, 7-9 Downloads
  5. The 50th Anniversary of the Solow Growth Model
    Oxford Review of Economic Policy, 2007, 23, (1), 1-2 Downloads View citations (2)
  6. The long-term sucCESs of the neoclassical growth model
    Oxford Review of Economic Policy, 2007, 23, (1), 94-114 Downloads View citations (32)
  7. USA, Japan and the Euro Area: Comparing Business-Cycle Features
    International Review of Applied Economics, 2007, 21, (1), 135-156 Downloads View citations (7)
    See also Working Paper (2003)

2006

  1. How do VAT changes affect the economy? An illustration using the new area-wide model
    Research Bulletin, 2006, 4, 2-5 Downloads View citations (4)
  2. Monetary policy at the zero interest bound: A model comparison exercise
    Journal of the Japanese and International Economies, 2006, 20, (3), 305-313 Downloads View citations (2)
  3. Monetary policy under a liquidity trap: Simulation evidence for the euro area
    Journal of the Japanese and International Economies, 2006, 20, (3), 338-363 Downloads View citations (4)

2005

  1. Forecasting inflation with thick models and neural networks
    Economic Modelling, 2005, 22, (5), 848-867 Downloads View citations (34)
    See also Working Paper (2004)
  2. Optimal Monetary Policy Rules for the Euro Area: An Analysis Using the Area Wide Model
    Journal of Common Market Studies, 2005, 43, (3), 507-537 Downloads View citations (31)
    See also Working Paper (2004)
  3. Quantitative evidence on price determination, Federal Reserve Board, Washington, D.C., September 29-30, 2005
    Proceedings, 2005 Downloads
  4. Tax reform and labour market performance in the Euro area: a macroeconomic assessment
    Proceedings, 2005 Downloads View citations (5)
  5. The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area
    International Journal of Central Banking, 2005, 1, (1) Downloads View citations (32)
    See also Working Paper (2005)

2004

  1. Production, supply and factor shares: an application to estimating German long-run supply
    Economic Modelling, 2004, 21, (2), 191-215 Downloads View citations (9)
  2. Supply, Factor Shares and Inflation Persistence: Re-examining Euro-area New-Keynesian Phillips Curves
    Oxford Bulletin of Economics and Statistics, 2004, 66, (s1), 637-670 Downloads View citations (27)
  3. The Effects of Euro Area Interest Rate Changes: Evidence from Macroeconomic Models
    National Institute Economic Review, 2004, 187, (1), 93-103 Downloads View citations (2)
  4. UNEMPLOYMENT, HYSTERESIS AND TRANSITION
    Scottish Journal of Political Economy, 2004, 51, (3), 377-401 Downloads View citations (59)
    See also Working Paper (2003)

2003

  1. Deficit Targeting Strategies: Fiscal Consolidation and the Probability Distribution of Deficits under the Stability Pact
    Journal of Common Market Studies, 2003, 41, (3), 421-444 Downloads View citations (6)

1999

  1. Nonlinearity, Computational Complexity and Macroeconomic Modelling
    Journal of Economic Surveys, 1999, 13, (5), 577-618 Downloads View citations (14)

1998

  1. An algorithm competition: First-order iterations versus Newton-based techniques
    Journal of Economic Dynamics and Control, 1998, 22, (8-9), 1291-1318 Downloads View citations (66)
  2. Handbook of computational economics: H.M. Amman, D.A. Kendrick, J. Rust, (eds.), vol. 1. North-Holland, Amsterdam, 1996, pp. xxi + 827, $163.75/265.0 Dutch Guilders. (ISBN 0-444-89857-3)
    Journal of Economic Dynamics and Control, 1998, 22, (3), 483-487 Downloads

Chapters

2005

  1. The Eurosystem's multi-country model and the link block
    Chapter 4 in Econometric Models of the Euro-area Central Banks, 2005 Downloads View citations (1)
 
Page updated 2019-06-15