!!Klaus Adam - Selected Publications

“Optimal Trend Inflation“, with Henning Weber, American Economic Review, Vol. 109(2), pp. 702-737, 2019\\
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 “Stock Price Booms and Expected Capital Gains”, with Albert Marcet and Johannes Beutel, American Economic Review, Vol. 107(8), 2352–2408, 2017\\
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“Optimal Sovereign Default” (with Applications to Greece), with Michael Grill, American Economic Journal: Macroeconomics, Vol. 9(1), pp. 128–164, 2017 \\
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“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\\
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“Stock Market Volatility and Learning”, with Albert Marcet and Juan Pablo Nicolini, Journal of Finance, Vol. 71(1), pp. 33-82, 2016 \\
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“Winners and Losers from Asset Price Inflation in the Euro Area” with Panagiota Tzamourani, European Economic Review, Vol 89, pp. 172–192, 2016\\
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“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\\
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“Robustly Optimal Monetary Policy in a Microfounded New Keynesian Model” with Michael Woodford, Journal of Monetary Economics, 59, 468–487, 2012\\
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“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\\
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"Inflation Dynamics and Subjective Expectations in the United States", with Mario Padula, Economic Inquiry, Vol. 49, pp. 13-25, 2011\\
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"Government Debt and Optimal Monetary and Fiscal Policy", European Economic Review, Vol. 55, 57–74, 2011\\
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"Monetary Policy and Aggregate Volatility", Journal of Monetary Economics, Volume 56, pp. S1-S18, 2009\\
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"Monetary Conservatism and Fiscal Policy", with Roberto Billi, Journal of Monetary Economics, Vol. 55(8), 1376-1388, 2008\\
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"Experimental Evidence on the Persistence of Output and Inflation", Economic Journal, Vol. 117, 603-635, 2007\\
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“Government Debt and Optimal Monetary and Fiscal Policy”, European Economic Review, Vol. 55(1), 57-74, 2011\\
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"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\\
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"Optimal Monetary Policy with Imperfect Common Knowledge", Journal of Monetary Economics, Vol. 54(2), 276-301, 2007\\
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"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\\
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“Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky Prices”, Review of Economic Studies, Vol. 70(4), 887-908, 2003\\
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"Learning While Searching for the Best Alternative", Journal of Economic Theory, Vol. 101, 252-280, 2001