Details about Alpo Willman

Access statistics for papers by Alpo Willman.

Last updated 2024-03-15. Update your information in the RePEc Author Service.

Short-id: pwi210

Working Papers

2018

1. The role of factor substitution and technical progress in China's great expansion
   Working Paper Series, European Central Bank View citations (5)

2017

2. Unraveling the Skill Premium
   School of Economics Discussion Papers, School of Economics, University of Surrey View citations (4)
   Also in Working Paper Series, European Central Bank (2015)
   See also Journal Article UNRAVELING THE SKILL PREMIUM, Macroeconomic Dynamics, Cambridge University Press (2018) View citations (12) (2018)

2014

3. Model of the United States economy with learning MUSEL
   Working Paper Series, European Central Bank View citations (1)

2013

4. Shocking Stuff: Technology, Hours, and Factor Substitution
   School of Economics Discussion Papers, School of Economics, University of Surrey View citations (3)
   Also in EcoMod2010, EcoMod (2010) View citations (6)
   Working Paper Series, European Central Bank (2010) View citations (21)
   See also Journal Article SHOCKING STUFF: TECHNOLOGY, HOURS, AND FACTOR SUBSTITUTION, Journal of the European Economic Association, European Economic Association (2014) View citations (47) (2014)

2012

5. Explaining the Skill Premium: Technical Change or Capita-Skill Complements?
   EcoMod2012, EcoMod View citations (1)
6. Non-Balanced Growth and Production Technology Estimation
   Studies in Economics, School of Economics, University of Kent View citations (6)
7. Technology, Utilization and Inflation: What Drives the New Keynesian Phillips Curve?
   School of Economics Discussion Papers, School of Economics, University of Surrey View citations (13)
   Also in Working Paper Series, European Central Bank (2011) View citations (7)
   See also Journal Article Technology, Utilization, and Inflation: What Drives the New Keynesian Phillips Curve?, Journal of Money, Credit and Banking, Blackwell Publishing (2013) View citations (11) (2013)

2011

8. Aggregation, the skill premium, and the two-level production function
   Working Paper Series, European Central Bank View citations (3)
9. The ECB's New Multi-Country Model for the Euro area: NMCM - with Boundedly Rational Learning Expectations*
   Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (15)
   Also in Working Paper Series, European Central Bank (2011) View citations (17)
10. The ECB's New Multi-Country Model for the euro area: NMCM - simulated with rational expectations
    Working Paper Series, European Central Bank View citations (10)
    See also Journal Article The ECB's New Multi-Country Model for the euro area: NMCM — Simulated with rational expectations, Economic Modelling, Elsevier (2012) View citations (14) (2012)
11. The normalized CES production function: theory and empirics
    Working Paper Series, European Central Bank View citations (27)
    See also Journal Article THE NORMALIZED CES PRODUCTION FUNCTION: THEORY AND EMPIRICS, Journal of Economic Surveys, Wiley Blackwell (2012) View citations (171) (2012)

2010

12. In Dubio, pro CES: technical progress specification and the elasticity of substitution
    EcoMod2010, EcoMod
13. In dubio pro CES - Supply estimation with mis-specified technical change
    Working Paper Series, European Central Bank View citations (17)
14. MEMBER: Multi-Country Euro Area Model with Boundedly Estimated Rationality
    EcoMod2010, EcoMod View citations (1)
15. Which policy-mix to mitigate the effects of the financial heterogeneity in a monetary union?
    EcoMod2010, EcoMod

2009

16. Identifying the elasticity of substitution with biased technical change
    Working Paper Series, European Central Bank View citations (66)
    See also Journal Article Identifying the Elasticity of Substitution with Biased Technical Change, American Economic Review, American Economic Association (2010) View citations (314) (2010)

2008

17. Medium run redux: technical change, factor shares and frictions in the euro area
    Working Paper Series, European Central Bank View citations (10)

2007

18. Phillips-Curve Dynamics: Mark-Up Cyclicality, Effective Hours and Regime-Dependency
    Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel)
19. Sequential optimization, front-loaded information, and U.S. consumption
    Working Paper Series, European Central Bank View citations (6)
20. State-dependency and firm-level optimization: a contribution to Calvo price staggering
    Working Paper Series, European Central Bank View citations (7)

2005

21. Wealth and asset price effects on economic activity
    Open Access publications, School of Economics, University College Dublin View citations (106)
    Also in Occasional Paper Series, European Central Bank (2005) View citations (67)

2004

22. 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 View citations (33)
    Also in Working Paper Series, European Central Bank (2004) View citations (51)

2003

23. Consumption, habit persistence, imperfect information and the lifetime budget constraint
    Working Paper Series, European Central Bank View citations (4)
24. New Keynesian Phillips Curves: a reassessment using euro-area data
    Working Paper Series, European Central Bank View citations (25)

2002

25. Euro area production function and potential output: a supply side system approach
    Working Paper Series, European Central Bank View citations (33)
26. The Spanish block of the ESCB-Multi-Country model
    Working Papers, Banco de España View citations (23)
    Also in Working Paper Series, European Central Bank (2002) View citations (21)

1998

27. The BOF5 macroeconomic model of Finland: Structure and equations
    Bank of Finland Research Discussion Papers, Bank of Finland

1990

28. Financial markets in the BOF4 model of the Finnish economy
    Bank of Finland Research Discussion Papers, Bank of Finland
29. Income distribution and government finances in the BOF4 model of the Finnish economy
    Bank of Finland Research Discussion Papers, Bank of Finland
30. Macroeconomic foundations and simulation properties of the BOF4 quarterly model of the Finnish economy
    Bank of Finland Research Discussion Papers, Bank of Finland View citations (2)

1989

31. Consumption and investment in the BOF4 quarterly model of the Finnish economy
    Bank of Finland Research Discussion Papers, Bank of Finland
32. Labour supply, wages and prices in the BOF4 quarterly model of the Finnish economy
    Bank of Finland Research Discussion Papers, Bank of Finland

1988

33. Devaluation expectations and speculative attacks on the currency
    Bank of Finland Research Discussion Papers, Bank of Finland
34. Exports and imports in the BOF4 quarterly model of the Finnish economy
    Bank of Finland Research Discussion Papers, Bank of Finland View citations (3)
35. If the markka floated: Simulating the BOF4 model with fixed and floating exchange rates
    Bank of Finland Research Discussion Papers, Bank of Finland
    See also Journal Article If the markka floated: simulating the BOF4 model with fixed and floating exchange rates, Finnish Economic Papers, Finnish Economic Association (1989) View citations (4) (1989)
36. Production and employment in the BOF4 quarterly model of the Finnish economy
    Bank of Finland Research Discussion Papers, Bank of Finland View citations (2)

Journal Articles

2022

1. China’s great expansion: The role of factor substitution and technical progress
   European Economic Review, 2022, 141, (C) View citations (3)

2018

2. UNRAVELING THE SKILL PREMIUM
   Macroeconomic Dynamics, 2018, 22, (1), 33-62 View citations (12)
   See also Working Paper Unraveling the Skill Premium, School of Economics Discussion Papers (2017) View citations (4) (2017)

2015

3. Production Technology Estimates and Balanced Growth
   Oxford Bulletin of Economics and Statistics, 2015, 77, (1), 40-65 View citations (50)

2014

4. SHOCKING STUFF: TECHNOLOGY, HOURS, AND FACTOR SUBSTITUTION
   Journal of the European Economic Association, 2014, 12, (1), 108-128 View citations (47)
   See also Working Paper Shocking Stuff: Technology, Hours, and Factor Substitution, School of Economics Discussion Papers (2013) View citations (3) (2013)

2013

5. Limited information minimal state variable learning in a medium-scale multi-country model
   Economic Modelling, 2013, 33, (C), 808-825 View citations (14)
6. MEDIUM RUN REDUX
   Macroeconomic Dynamics, 2013, 17, (4), 695-727 View citations (68)
7. Technology, Utilization, and Inflation: What Drives the New Keynesian Phillips Curve?
   Journal of Money, Credit and Banking, 2013, 45, (8), 1547-1579 View citations (11)
   Also in Journal of Money, Credit and Banking, 2013, 45, (8), 1547-1579 (2013) View citations (1)
   See also Working Paper Technology, Utilization and Inflation: What Drives the New Keynesian Phillips Curve?, School of Economics Discussion Papers (2012) View citations (13) (2012)

2012

8. THE NORMALIZED CES PRODUCTION FUNCTION: THEORY AND EMPIRICS
   Journal of Economic Surveys, 2012, 26, (5), 769-799 View citations (171)
   See also Working Paper The normalized CES production function: theory and empirics, Working Paper Series (2011) View citations (27) (2011)
9. The ECB's New Multi-Country Model for the euro area: NMCM — Simulated with rational expectations
   Economic Modelling, 2012, 29, (6), 2597-2614 View citations (14)
   See also Working Paper The ECB's New Multi-Country Model for the euro area: NMCM - simulated with rational expectations, Working Paper Series (2011) View citations (10) (2011)

2010

10. ARROW–CALVO PRICE STAGGERING
    Manchester School, 2010, 78, (6), 556-581
11. Identifying the Elasticity of Substitution with Biased Technical Change
    American Economic Review, 2010, 100, (4), 1330-57 View citations (314)
    See also Working Paper Identifying the elasticity of substitution with biased technical change, Working Paper Series (2009) View citations (66) (2009)

2008

12. Unwrapping some euro area growth puzzles: Factor substitution, productivity and unemployment
    Journal of Macroeconomics, 2008, 30, (2), 645-666 View citations (42)

2007

13. 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 View citations (251)
14. Productivity growth in the euro area
    Research Bulletin, 2007, 6, 7-9 View citations (2)
15. The long-term sucCESs of the neoclassical growth model
    Oxford Review of Economic Policy, 2007, 23, (1), 94-114 View citations (44)

2004

16. Production, supply and factor shares: an application to estimating German long-run supply
    Economic Modelling, 2004, 21, (2), 191-215 View citations (9)
17. 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 View citations (33)

2000

18. The BOF5 macroeconomic model of Finland, structure and dynamic microfoundations
    Economic Modelling, 2000, 17, (2), 275-303 View citations (13)

1991

19. Why there is a lower bound on the central bank's foreign reserves
    Finnish Economic Papers, 1991, 4, (2), 113-129

1989

20. If the markka floated: simulating the BOF4 model with fixed and floating exchange rates
    Finnish Economic Papers, 1989, 2, (1), 3-19 View citations (4)
    See also Working Paper If the markka floated: Simulating the BOF4 model with fixed and floating exchange rates, Bank of Finland Research Discussion Papers (1988) (1988)

1988

21. Balance-of-payments crises and monetary policy reactions in a model with imperfect substitutability between domestic and foreign bonds
    Economics Letters, 1988, 26, (1), 77-81 View citations (1)
22. The collapse of the fixed exchange rate regime with sticky wages and imperfect substitutability between domestic and foreign bonds
    European Economic Review, 1988, 32, (9), 1817-1838 View citations (36)

1987

23. Speculative attacks on the currency with uncertain monetary policy reactions
    Economics Letters, 1987, 25, (1), 75-78 View citations (6)

Chapters

2011

1. Chapter 15 Aggregation, the Skill Premium, and the Two-Level Production Function
   A chapter in Economic Growth and Development, 2011, pp 417-436

1992

2. The structure and foundations of the BOF4 model
   A chapter in Economic Modeling in the Nordic Countries, 1992, pp 139-183