Klaus Adam

Klaus Adam is Professor of Economics at the University of Mannheim. He previously held a professorship at the University of Oxford and Nuffield College and also worked for the European Central Bank. He is a member of the Academic Advisory Board of the German Ministry of Finance, Research Professor at the Deutsche Bundes­bank, editor of the International Journal of Central Banking and associate editor for the Journal of Monetary Economics.

Link to CV                         Google Scholar page

What's new? 

#WeekInEurope Podcast (Sept 29, 2022):   
Fiscal Sustainability in Italy and the U.K.

                    >>>> Subscription links here 



Opinion piece (Sept. 12, FAZ newspaper):
What is needed to get inflation under control? (in German)

New working paper  (March 2022):  Subjective Housing Expectations, Falling Natural Rates and the Optimal Inflation Target  also available as CEPR Discussion Paper

Just accepted for publication:
(1)
The Case for a Positive Euro Area Inflation Target: Evidence from France, Germany and Italy, forthcoming: Journal of Monetary Economics, online appendix here
(2)
Estimating the Optimal Inflation Target from Trends in Relative Prices, with Henning Weber, forthcoming: American Economic Journal: Macroeconomics
(2) Expectations Data in Asset Pricing, with Stefan Nagel, Chapter in the Handbook of Economic Expectations

Opinion piece on current ECB policy (in German) published  

with Hans Gruener in Frankfurter Allgemeine Zeitung (FAZ, Jan 22).


Just published: Robustly Optimal Monetary Policy in a New Keynesian Model with Housing, with Michael Woodford, Journal of Economic Theory, Vol. 198, December 2021, JET link

CEPR Report: The ECB strategy: The 2021 review and its future, with Lucrezia Reichlin,  Warwick McKibbin, Michael McMahon, Ricardo Reis, Giovanni Ricco,  and Beatrice Weder di Mauro; September 2021. 


New Working Paper:  The Case for a Positive Inflation Target in the Euro Area: Evidence from France, Germany and Italy,  revised version: May 2022


Recently published:

Monetary Policy Challenges from Falling Natural Interest Rates, in: ECB Sintra Forum Conference Proceedings, p. 186-209,  May 2021,  slides and video of conference presentation, Media coverage: Bloomberg, ReutersFAZ 


Do Survey Expectations of Returns Reflect Risk Adjustments? with Stefan Nagel & Dmitry Matveev, Journal of Monetary Economics, pp. 723-749, January 2021

July 2020: I've been elected to Academia Europaea^