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Prof Christopher Adam

Professor of Development Economics

Christopher Adam's current research spans three main themes: the macroeconomics of Africa; growth and structural change in low-income countries; and the economics and political economy of aid. His work uses methods of quantitative macroeconomics including stochastic and deterministic general equilibrium techniques.

Christopher Adam is a visiting professor at (CERDI), Universite d'Auvergne, Clermont-Ferrand and an occasional Visiting Scholar at the International Monetary Fund (IMF).  From 2003-05 he served as external Macroeconomic Adviser to the Policy Division at the Department for International Development (DFID) and continues to represent DFID as Vice Chair of the African Economic Research Consortium. Since 2009 he has been the lead academic for the International Growth Centre (IGC) programme in Tanzania and in 2011 was appointed Special Advisor to House of Lords Economic Affairs Committee Inquiry into Aid Effectiveness.

He is currently a co-editor of the Oxford Bulletin of Economics and Statistics and the Oxford Review of Economic Policy and is a member of the editorial board of Oxford Economic Papers, Oxford Development Studies and the Tanzania Economic Review.

Christopher Adam is currently course director for the MSc in Economics for Development, teaching macroeconomic theory. He occasionally teaches development macroeconomics and applied time-series econometrics, on the MPhil in Economics (Department of Economics) and the undergraduate Politics, Philosophy and Economics programme.

ODID Research Students supervised

Books and Monographs

Adam, Christopher (with Paul Collier, Michael Gondwe) (2014) Zambia: Building Prosperity from Resource Wealth, Oxford: Oxford University Press

Adam, Christopher, P Collier, N Ndung'u (eds) (2010) Kenya: Policies for Prosperity, Oxford: Oxford University Press

Journal Articles and Special Issues

Adam, Christopher (with D Cobham, K Mayhew) (2013) 'The Economic Record of the 1997-2010 Labour Government: An Assessment', Oxford Review of Economic Policy 29 (1): 1-24

Adam, Christopher (2013) 'Coping with adversity: the macroeconomic management of natural disasters', Environmental Science and Policy 27 (1): 99-111

Adam, Christopher (with P Subacchi, D Vines) (2012) 'International macroeconomic policy coordination: an overview', Oxford Review of Economic Policy 28 (3): 395-410

Adam, Christopher (2011) 'On the Macroeconomic Managment of Food Prices Shocks in Low Income Countries', Journal of African Economies 20: 63-99

Adam, Christopher, E Buffie, S O'Connell (2010) 'Fiscal Inertia, Donor Credibility, and the Monetary Management of Aid Surges', Journal of Development Economics 93(2): pp 287-98

Adam, Christopher, S O'Connell, E Buffie, C Pattillo (2009) 'Monetary Policy Rules for Managing Aid Surges in Africa', Review of Development Economics, 13(3): pp 464-90

Adam, Christopher, S Dercon (2009) 'The Assessment: The Politcal Economy of Development', Oxford Review of Economic Policy, 29(2): pp 1-21

Adam, Christopher, D Cobham (2009) 'Using Real-Time Output Gaps to Examine Past and Future Policy Choices', National Institute Economic Review, 210(1): pp 98-110

Adam, Christopher, D Vines (2009) 'Remaking Macroeconomic Policy after the Global Financial Crisis: A Balance-Sheet Approach', Oxford Review of Economic Policy, 25(4): pp 507-52

Adam, Christopher, P Collier, V Davies (2008) 'Post-Conflict Monetary Reconstruction', World Bank Economic Review, 22(1): pp 87-112

Adam, Christopher, E Buffie, S O'Connell and C Patillo (2008) 'Riding the Wave: Monetary Responses to Aid Surges in Low-Income Countries', European Economic Review, 52(8): pp 1378-95

Adam, Christopher (with B McPake, K G Hanson) (2007) 'Two-tier Charging Strategies in Public Hospitals: Implications for Intra-hospital Resource Allocation and Equity of Access to Hospital Services', Journal of Health Economics 26: 447-62

Adam, Christopher (with D P Cobham) (2007) 'Exchange Rate Regimes and Trade', The Manchester School 75(s1): 44-63

Adam, Christopher (with D Bevan) (2006) 'Aid and the Supply Side: Public Investment, Export Performance and Dutch Disease in Low Income Countries', The World Bank Economic Review 20(2): 261-90

Adam, Christopher (with D Bevan) (2005) 'Fiscal Deficits and Growth in Developing Countries', Journal of Public Economics 89(4): 571-97

Adam, Christopher (with S O'Connell) (2004) 'Aid Versus Trade Revisited: donor and Recipient Policies in the Presence of Learning-by-doing', The Economic Journal 114(492): 150-73

Adam, Christopher (with E Buffie, S O'Connell, C Pattillo) (2004) 'Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa', IMF Staff Papers 51: 126-60

Adam, Christopher (1999) 'Asset Portfolios and Credit Rationing: Evidence from Kenya', Economica 66

Adam, Christopher (with S O'Connell) (1999) 'Aid Taxation and Development in Sub-Saharan Africa', Economics and Politics (October)

Adam, Christopher (1999) 'Financial Liberalization and Currency Demand in Zambia', Journal of African Economies (October)

Adam, Christopher (1999) 'Liberalization, Policy Reform and the Demand for Money in Africa (Guest Editor's Introduction)', Journal of African Economies (October)

Adam, Christopher (1999) 'Effets de portefeuille, marche financiers et modeles EGC dans les pays en voie de developpement', Revue d'Economie du Developpement (November)

Adam, Christopher (with B Ndulu, N Sowa) (1996) 'Financial Liberalization, Exchange Rate Unification and Seigniorage in Kenya Ghana and Tanzania', Journal of Development Studies 32 (4)

Adam, Christopher (1995) 'Adjustment in Africa: A Review Article', The World Economy 18 (5)

Adam, Christopher (1995) 'Fiscal Adjustment, Financial Liberalization, and the Dynamics of Inflation: Some Evidence from Zambia', World Development 23 (5)

Chapters

Adam, Christopher (with P Kessy, C Kombe and S O'Connell) (2013) 'Exchange Rate Arrangements in the Transition to East African Monetary Union'. In O Williams (ed) The Quest for Regional Integration in East Africa, IMF and OUP

Adam, Christopher (2012) 'Exchange Rate Policy'. In E Aryeetey, S Devarajan, R Kanbur (eds) The Oxford Companion to the Economics of Africa, Basingstoke: Palgrave Macmillan

Adam, Christopher, A Musonda (2011) 'Copper Mining in Zambia: From Collapse to Recovery'. In P Collier, A Venables (eds) Plundered Nations? Successes and Failures in Natural Resource Extraction, Basingstoke: Palgrave Macmillan

Adam, Christopher, A Musonada (2010) 'The Economics of the Copper Price Boom in Zambia'. In C Adam, A Frazer, N Larmer (eds) Zambia, Mining and Neoliberalism, Basingstoke: Palgrave Macmillan

Adam, Christopher, P Collier, D Vines (2010) 'Small Developing Countries in the International Monetary System'. In P Subacchi, J Driffil (eds) Beyond the Dollar: Rethinking the International Monetary System, London: Chatham House, Royal Institute of International Affairs

Adam, Christopher, B O Maturu, N Ndung'u, S O'Connell (2010) 'Building a Kenyan Monetary Regime for the 21st Century'. In C S Adam, P Collier, N Ndung'u (eds) Kenya: Policies for Prosperity, Oxford: Oxford University Press

Adam, Christopher, P Collier, N Ndung'u (2010) 'Introduction'. In C S Adam, P Collier, N Ndung'u (eds) Kenya: Policies for Prosperity, Oxford: Oxford University Press

Adam, Christopher, D Cobham (2009) 'Alternative Exchange Rate Regimes for MENA Countries: Gravity Model Estimates of the Trade Effects'. In D Cobham, G Dibeh (eds) Monetary Policy and Central Banking in the Middle East and North Africa, London: Routledge

Adam, Christopher, A Sinha (2007) 'Modelling the Informal Economy in India: An Analysis of Trade Reforms'. In B Harriss-White, A Sinha (eds) Trade Liberalization and India's Informal Economy, Delhi: Oxford University Press

Adam, Christopher, B Harriss-White (2007) 'From Monet to Mondrian: Characterizing Informality in Field Research and Simulation Modeling'. In B Harriss-White, A Sinha (eds) Trade Liberalization and India's Informal Economy, Delhi: Oxford University Press

Adam, Christopher (with S O'Connell, E Buffie, C Patillo) (2007) 'Managing External Volatility: Central Bank Options in Low-Income Countries'. In N Batini (ed) Monetary Policy in Emerging Markets and Other Developing Countries, New York: Nova Publishers

Adam, Christopher (with B Goderis) (2007) 'Monetary Policy and Oil Price Surges in Nigeria'. In P Collier, C Soludo, C Pattillo (eds) Economic Policies for a Prosperous Nigeria, London: Palgrave Macmillan

Adam, Christopher (2006) 'Exogenous Inflows and Real Exchange Rates: Theoretical Quirk or Empirical Reality?'. In P Isard, L Lipschitz, A Mourmouras and B Yontcheva (eds) The Macroeconomic Management of Foreign Aid: Opportunities and Pitfalls, Washington, DC: International Monetary Fund

Adam, Christopher (with A Sinha) (2006) 'Trade Reforms and Informalization: Getting Behind Jobless Growth in India'. In B Guha-Khasnobis, R Kanbur (eds) Informal Labour Markets and Development, London: Palgrave Macmillan

Adam, Christopher (1999) 'Privatization in Sub-Saharan Africa: Issues in Regulation and the Macroeconomics of Transition'. In J Paulson (ed) African Economies in Transition, London: Macmillan

Adam, Christopher (with D Bevan) (1999) 'Fiscal Restraint and the Cash Budget in Zambia'. In P Collier, C Patillo (eds) Risk and Investment in Africa, London: Macmillan

Adam, Christopher (1998) 'Trade Liberalization in Zambia 1970-1995'. In A Oyijide, J W Gunning et al (eds) Trade Liberalization in Africa, London: Macmillan

Other Publications

Adam, Christopher (2011) 'Macroeconomic Management of Extreme Events', Paper for UK Government Foresight Project (Download from external site)

Adam, Christopher, P J Kessey, J J Nyella and S A O'Connell (2010) 'The Demand for Money in Tanzania', IGC-Bank of Tanzania Working Paper

Adam, Christopher (2010) 'The Predictability and Stability of the Money Multiplier in Tanzania', IGC-Bank of Tanzania Working Paper

Adam, Christopher (1999) 'A STATA Program for Implementing Kiviet's (1995) Small-Sample Correction for Dynamic Panel Data Estimators', CSAE Working Paper

Adam, Christopher (1999) 'The Transaction Demand for Money in Chile', Central Bank of Chile Working Paper (September)

Adam, Christopher (1998) 'Aid Taxation and Development: Analytical Perspectives on Aid Effectiveness in Sub-Saharan Africa', World Bank WPS Working Paper 1885

Adam, Christopher (with D Bevan) (1998) 'Costs and Benefits of Incorporating Asset Markets into CGE Models: Evidence and Design Issues', Oxford University Applied Economics Discussion Paper 202

Adam, Christopher (with J Hoddinott) (1997) 'Testing Nash Bargaining Models of Household Behaviour using Time Series Data', Oxford University Applied Economics Discussion Paper 191


christopher.adam(at)qeh.ox.ac.uk


+44 (1865) 281816


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