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? 

Latest #WeekInEurope Podcast (Nov 25):           
The EU-China Reationship: Perspectives from Hong Kong, with Alicia Garica Herrero
Subscribe here 

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

Just accepted for publication:
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

Just published:

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 

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. 

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^Oct