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McAdam, Peter

Research

Division

Monetary Policy Research

Current position

Senior Lead Economist

Fields of interest

Mathematical and Quantitative Methods,
Macroeconomics and Monetary Economics,
Labour Economics

Email

peter.mcadam@ecb.europa.eu

Other current responsibilities
  • 2015-2018
    Sintra Steering Committee
  • 2015-2017
    WGEM Secretary
Professional experience
  • 1999-
    European Central Bank

ECB Working Paper Series

2020
McAdam, Peter, Warne, Anders
Density forecast combinations: the real-time dimension
No 2378
2019
Christopoulos, Dimitris, McAdam, Peter, Tzavalis, Elias
Exploring Okun’s law asymmetry: an endogenous threshold LSTR approach
No 2345
McAdam, Peter, Petroulakis, Filippos, Vansteenkiste, Isabel, Cavalleri, Maria Chiara, Eliet, Alice, Soares, Ana
Concentration, market power and dynamism in the euro area
No 2253
McAdam, Peter, Bridji, Slim, Charpe, Matthieu
Labor share and growth in the long run
No 2251
Faria, Joao Ricardo, McAdam, Peter
The Green Golden Rule: habit and anticipation of future consumption
No 2247
2018
Manu, Ana-Simona, McAdam, Peter, Willman, Alpo
The role of factor substitution and technical progress in China's great expansion
No 2180
Laeven, Luc, McAdam, Peter, Popov, Alexander
Credit shocks, employment protection, and growth: firm-level evidence from Spain
No 2166
McAdam, Peter, Warne, Anders
Euro area real-time density forecasting with financial or labor market frictions
No 2140
Christopoulos, Dimitris, McAdam, Peter, Tzavalis, Elias
Dealing with endogeneity in threshold models using copulas: an illustration to the foreign trade multiplier
No 2136
2015
McAdam, Peter, Muck, Jakub, Growiec, Jakub
Will the true labor share stand up?
No 1806
McAdam, Peter, Willman, Alpo
Unraveling the skill premium
No 1800
McAdam, Peter, Christopoulos, Dimitris
Do financial reforms help stabilize inequality?
No 1780
McAdam, Peter, Muck, Jakub, Growiec, Jakub
Endogenous labor share cycles: theory and evidence
No 1765
McAdam, Peter, Christopoulos, Dimitris
Efficiency, Inefficiency and the MENA Frontier
No 1757
2012
McAdam, Peter, Faria, Joao Ricardo
Anticipation of future consumption: a monetary perspective
No 1448
McAdam, Peter, Lombardo, Giovanni
Financial market frictions in a model of the euro area
No 1423
2011
McAdam, Peter, Willman, Alpo, León-Ledesma, Miguel A.
Aggregation, the skill premium, and the two-level production function
No 1400
McAdam, Peter, Willman, Alpo
Technology, utilization and inflation: what drives the New Keynesian Phillips Curve?
No 1369
Klump, Rainer, McAdam, Peter, Willman, Alpo
The normalized CES production function: theory and empirics
No 1294
2010
Cantore, Cristiano, León-Ledesma, Miguel A., McAdam, Peter, Willman, Alpo
Shocking stuff: technology, hours, and factor substitution
No 1278
McAdam, Peter, Willman, Alpo, León-Ledesma, Miguel A.
In dubio pro CES - Supply estimation with mis-specified technical change
No 1175
2009
McAdam, Peter, Willman, Alpo, León-Ledesma, Miguel A.
Identifying the elasticity of substitution with biased technical change
No 1001
2008
McAdam, Peter, Mestre, Ricardo
Is forecasting with large models informative? Assessing the role of judgement in macroeconomic forecasts
No 950
McAdam, Peter, Willman, Alpo
Medium run redux: technical change, factor shares and frictions in the euro area
No 915
Levine, Paul, McAdam, Peter, Pierse, Richard, Pearlman, Joseph G.
Risk Management in Action. Robust monetary policy rules under structured uncertainty.
No 870
2007
McAdam, Peter, Willman, Alpo
State-dependency and firm-level optimization: a contribution to Calvo price staggering
No 806
McAdam, Peter, Straub, Roland, Coenen, Günter
Tax reform and labour-market performance in the euro area: a simulation-based analysis using the New Area-Wide Model
No 747
McAdam, Peter, Levine, Paul, Pearlman, Joseph G.
Quantifying and sustaining welfare gains from monetary commitment
No 709
2006
Angelini, Elena, McAdam, Peter, D'Agostino, Antonello
The Italian block of the ESCB multi-country model
No 660
McAdam, Peter, Levine, Paul, Pearlman, Joseph G.
Inflation forecast-based-rules and indeterminacy: a puzzle and a resolution
No 643
2005
Adalid, Ramón, Coenen, Günter, McAdam, Peter, Siviero, Stefano
The performance and robustness of interest-rate rules in models of the euro area
No 479
2004
Klump, Rainer, McAdam, Peter, Willman, Alpo
Factor substitution and factor augmenting technical progress in the US: a normalized supply-side system approach
No 367
Dieppe, Alistair, Kuester, Keith, McAdam, Peter
Optimal monetary policy rules for the euro area: an analysis using the area wide model
No 360
McAdam, Peter, Jellema, Tjeerd, Keuning, Steven, Mink, Reimund
Developing a euro area accounting matrix: issues and applications
No 356
McAdam, Peter, McNelis, Paul
Forecasting inflation with thick models and neural networks
No 352
2003
McAdam, Peter
US, Japan and the euro area: comparing business-cycle features
No 283
McAdam, Peter, Willman, Alpo
New Keynesian Phillips Curves: a reassessment using euro-area data
No 265
León-Ledesma, Miguel A., McAdam, Peter
Unemployment, hysteresis and transition
No 234
2001
McAdam, Peter, Morgan, Julian
The monetary transmission mechanism at the euro-area level: issues and results using structural macroeconomic models
No 93

ECB Research bulletin

2018
Laeven, Luc, McAdam, Peter, Popov, Alexander
After the credit squeeze: how labour market flexibility can strengthen firm growth and employment
No 52

ECB Forum on Central Banking

2018
Hartmann, Philipp, McAdam, Peter
Price and wage-setting in advanced Economies: takeaways from the ECB’s 2018 Sintra Forum

Journal publications

2020
J. Growiec, P. McAdam & J. Muck
On the Optimal Labor Income Share
International Journal of Central Banking, Forthcoming
D. Christopoulos, C. P. McAdam, E. Tzavalis
Dealing with Endogeneity In Threshold Models using Copulas: An Illustration to the Foreign Trade Multiplier
Journal of Business and Economic Statistics, Forthcoming
2019
P. McAdam , A. Warne
Euro Area Real-Time Density Forecasting with Financial or Labor Market Frictions
International Journal of Forecasting, 35, 2, 580-600.
2018
J. Muck, J. Growiec
Endogenous Labor Share Cycles: Theory and Evidence
Journal of Economic Dynamics and Control, 87, 2, 74-93.
P. McAdam , J. Muck, J. Growiec
Will the 'True' Labor Share Stand Up? An Applied Survey on Labor Share Measures
Journal of Economic Surveys, 32, 4, 961-984
J. Faria, P. McAdam
The Green Golden Rule: Habit and Anticipation of Future Consumption
Economics Letters, 172, 131-133.
Christopoulos, D. and P. McAdam
On the Persistence of Cross-Country Inequality Measures
Journal of Money, Credit and Banking, 49, 1, 255-266.
Muck, J,. P. McAdam and J. Growiec
Endogenous Labor Share Cycles: Theory and Evidence
Journal of Economic Dynamics and Control, 87, 2, 74-93.
Muck, J,. P. McAdam and J. Growiec
Will the 'True' Labor Share Stand Up? An Applied Survey on Labor Share Measures
Journal of Economic Surveys, 32, 4, 961-984.
2015
León-Ledesma, M. A., P. McAdam and A. Willman
Production technology estimates and balanced growth
Oxford Bulletin of Economics and Statistics, 77(1), 40-65.
2014
Cantore, C., León-Ledesma, M. A., McAdam, P., Willman, A.
Shocking stuff: technology, hours, and factor substitution
Journal of the European Economic Association, 12(1), 108-128
McAdam, P. and A. Willman
Technology, Utilization and Inflation: What Drives the New Keynesian Phillips Curve?
Journal of Money, Credit and Banking, 45(8), 1547-1579
2013
Faria, J. R. and P. McAdam
Anticipation of Future Consumption: A Monetary Perspective
Journal of Money, Credit and Banking, 45, 2-3, 423-447
2012
R. Klump, P. McAdam and A. Willman
The Normalized CES Production Function: Theory And Empirics
Journal of Economic Surveys, 26, 5, 769-799.
P. Levine, P. McAdam, and J. Pearlman
Probability Models and Robust Policy Rules
European Economic Review, 56, 2, 246-262.
2010
M. Leon-Ledesma, P. McAdam and Alpo Willman
Estimating the Elasticity of Substitution with Biased Technical Change
American Economic Review, 100, 4, 1330-1357.
2008
Levine, P., P. McAdam and J. Pearlman
Quantifying and Sustaining Welfare Gains from Monetary Commitment
Journal of Monetary Economics, 55, 1253-1276
Coenen, G., P. McAdam and R. Straub
Tax Reform and Labour-Market Performance in the Euro Area: A Simulation-Based Analysis Using the New Area-Wide Model
Journal of Economic Dynamics and Control, 32, 8, 2543-2583
2007
Klump, R., P. McAdam and A. Willman
Factor Substitution and Factor Augmenting Technical Progress in the US: A Normalized Supply-Side System Approach
Review of Economics and Statistics, 89, 1, 183-192.
Levine, P., P. McAdam and J. Pearlman
Inflation Forecast-Based-Rules and Indeterminacy: A Puzzle and a Resolution
International Journal of Central Banking, 3, 4, 77-110
2005
Adalid, R., G. Coenen, P. McAdam and S. Siviero
The Robustness of Interest Rate Rules In Models of The Euro Area
International Journal of Central Banking 1(1), pp. 95-132.