Klaus Adam - Selected Publications#

“Optimal Trend Inflation“, with Henning Weber, American Economic Review, Vol. 109(2), pp. 702-737, 2019

“Stock Price Booms and Expected Capital Gains”, with Albert Marcet and Johannes Beutel, American Economic Review, Vol. 107(8), 2352–2408, 2017

“Optimal Sovereign Default” (with Applications to Greece), with Michael Grill, American Economic Journal: Macroeconomics, Vol. 9(1), pp. 128–164, 2017

“Price Level Changes and the Redistribution of Nominal Wealth across the Euro Area”, with Junyi Zhu, Journal of the European Economic Association, Vol 14(4), pp. 871-906, 2016

“Stock Market Volatility and Learning”, with Albert Marcet and Juan Pablo Nicolini, Journal of Finance, Vol. 71(1), pp. 33-82, 2016

“Winners and Losers from Asset Price Inflation in the Euro Area” with Panagiota Tzamourani, European Economic Review, Vol 89, pp. 172–192, 2016

“Can a Financial Transactions Tax Prevent Asset Price Booms?”, with Johannes Beutel, Albert Marcet, and Sebastian Merkel, Journal of Monetary Economics, Vol. 76, S90–S109, 2015

“Robustly Optimal Monetary Policy in a Microfounded New Keynesian Model” with Michael Woodford, Journal of Monetary Economics, 59, 468–487, 2012

“House Price Booms and the Current Account”, with Albert Marcet and Pei Kuang, NBER Macroeconomics Annual 2011, Vol.26, 77–122 (chapter 2), MIT Press, 2012

"Inflation Dynamics and Subjective Expectations in the United States", with Mario Padula, Economic Inquiry, Vol. 49, pp. 13-25, 2011

"Government Debt and Optimal Monetary and Fiscal Policy", European Economic Review, Vol. 55, 57–74, 2011

"Monetary Policy and Aggregate Volatility", Journal of Monetary Economics, Volume 56, pp. S1-S18, 2009

"Monetary Conservatism and Fiscal Policy", with Roberto Billi, Journal of Monetary Economics, Vol. 55(8), 1376-1388, 2008

"Experimental Evidence on the Persistence of Output and Inflation", Economic Journal, Vol. 117, 603-635, 2007

“Government Debt and Optimal Monetary and Fiscal Policy”, European Economic Review, Vol. 55(1), 57-74, 2011

"Discretionary Monetary Policy and the Zero Lower Bound on Nominal Interest Rates", with Roberto Billi, Journal of Monetary Economics, Vol. 54(3), 728-752, 2007

"Optimal Monetary Policy with Imperfect Common Knowledge", Journal of Monetary Economics, Vol. 54(2), 276-301, 2007

"Optimal Monetary Policy under Commitment with a Zero Bound on Nominal Interest Rates", with Roberto Billi, Journal of Money Credit and Banking, Vol. 38(7), 1877-1905, 2006

“Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky Prices”, Review of Economic Studies, Vol. 70(4), 887-908, 2003

"Learning While Searching for the Best Alternative", Journal of Economic Theory, Vol. 101, 252-280, 2001