Klaus Adam

Klaus Adam is Professor of Economics at University College London (UCL). He previously held professorships at the University of Mannheim (on leave), University of Oxford & 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, and associate editor for the Journal of Monetary Economics.

Link to CV                         Google Scholar page

What's new? 

Latest #WeekInEurope Podcast (4 October 2024): 

The Future of Europe's Auto Industry, with Valentin Mory (Natixis)

New working papers: 

The Optimal Inflation Target: Bridging the Gap between Theory and Policy
, with Henning Weber, forthcoming in: Handbook of Inflation, June 2024

Inflation Distorts Relative Prices: Theory and Evidence, with Andrey Alexandrov and Henning Weber, updated May 2024

Overconfidence in Private Information Explains Biases in Professional Forecasts, with Pei Kuang and Shihan Xie, new version: October 2024
 

Markups and Marginal Costs over the Firm Life: Implications for the Optimal Inflation Target, with Tobias Renkin and Gabriel Zuellig, preliminary version

Just published: 


Subjective Housing Price Expectations, Falling Natural Rates and the Optimal Inflation Target, with Oliver Pfaeuti and Timo Reinelt,  forthcoming in: Journal of Monetary Economics

Discussion of "Who Bears the Costs of Inflation? Euro Area Households and the 2021-2022 Shock" by F. Pallotti, G. Paz-Pardo, J. Slacalek, O. Tristani and G.L. Violante, forthcoming: Journal of Monetary Economics

Estimating the Optimal Inflation Target from Trends in Relative Prices, with Henning Weber, American Economic Journal: Macroeconomics, Vol.15 (3): 1-42, 2023

Expectations Data in Asset Pricing
, with Stefan Nagel, Chapter 16 in the Handbook of Economic Expectations, 2023, pre-print version here


The Case for a Positive Euro Area Inflation Target: Evidence from France, Germany and Italy, Journal of Monetary Economics, Vol. 132, November 2022, online appendix here 

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