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Pascal Michaillat

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Pascal Michaillat & Emmanuel Saez, 2013. "Aggregate Demand, Idle Time, and Unemployment," NBER Working Papers 18826, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Types of unemployment
      by Mainly Macro in Mainly Macro on 2014-08-22 17:00:00
  2. Pascal Michaillat & Emmanuel Saez, 2014. "An Economical Business-Cycle Model," NBER Working Papers 19777, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. The best justification for IS-LM?
      by Economic Logician in Economic Logic on 2014-01-29 21:45:00
  3. Pascal Michaillat & Emmanuel Saez, 2018. "Resolving New Keynesian Anomalies with Wealth in the Utility Function," NBER Working Papers 24971, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. A New Keynesian Model with Wealth in the Utility Function
      by Christian Zimmermann in NEP-DGE blog on 2018-10-20 20:40:08
  4. Pascal Michaillat, 2012. "Do Matching Frictions Explain Unemployment? Not in Bad Times," American Economic Review, American Economic Association, vol. 102(4), pages 1721-1750, June.

    Mentioned in:

    1. Types of unemployment
      by Mainly Macro in Mainly Macro on 2014-08-22 17:00:00
    2. Aggregate demand and the labour market
      by Mainly Macro in Mainly Macro on 2014-07-15 20:05:00
    3. New Keynesian models and the labour market
      by Mainly Macro in Mainly Macro on 2013-08-23 18:30:00
  5. Camille Landais & Pascal Michaillat & Emmanuel Saez, 2010. "A Macroeconomic Theory of Optimal Unemployment Insurance," NBER Working Papers 16526, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Optimal Unemployment Insurance over the Business Cycle
      by Christian Zimmermann in NEP-DGE blog on 2010-12-17 17:01:01

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Pascal Michaillat & Emmanuel Saez, 2018. "Resolving New Keynesian Anomalies with Wealth in the Utility Function," NBER Working Papers 24971, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. > Macroeconomics > Monetary Theory

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Pascal Michaillat, 2014. "A Theory of Countercyclical Government Multiplier," American Economic Journal: Macroeconomics, American Economic Association, vol. 6(1), pages 190-217, January.

    Mentioned in:

    1. A Theory of Countercyclical Government Multiplier (AEJ:MA 2014) in ReplicationWiki ()
  2. Pascal Michaillat, 2012. "Do Matching Frictions Explain Unemployment? Not in Bad Times," American Economic Review, American Economic Association, vol. 102(4), pages 1721-1750, June.

    Mentioned in:

    1. Do Matching Frictions Explain Unemployment? Not in Bad Times (AER 2012) in ReplicationWiki ()

Working papers

  1. Pascal Michaillat & Emmanuel Saez, 2024. "Has the Recession Started?," Papers 2408.05856, arXiv.org, revised Sep 2024.

    Cited by:

    1. O'Trakoun, John & Scavette, Adam, 2025. "A better Sahm rule? Introducing the SOS recession indicator," Economics Letters, Elsevier, vol. 247(C).

  2. Pascal Michaillat, 2023. "Modeling Migration-Induced Unemployment," Papers 2303.13319, arXiv.org, revised Dec 2024.

    Cited by:

    1. Pascal Michaillat & Emmanuel Saez, 2024. "Beveridgean Phillips Curve," Papers 2401.12475, arXiv.org, revised Oct 2024.

  3. Pascal Michaillat & Emmanuel Saez, 2022. "u* = √uv," NBER Working Papers 30211, National Bureau of Economic Research, Inc.

    Cited by:

    1. Mark Setterfield, 2022. "Inflation and distribution during the post-COVID recovery: a Kaleckian approach," Working Papers 2209, New School for Social Research, Department of Economics.

  4. McCloskey, Adam & Michaillat, Pascal, 2022. "Incentive-Compatible Critical Values," CEPR Discussion Papers 16942, C.E.P.R. Discussion Papers.

    Cited by:

    1. Graham Elliott & Nikolay Kudrin & Kaspar Wuthrich, 2022. "The Power of Tests for Detecting $p$-Hacking," Papers 2205.07950, arXiv.org, revised Apr 2024.

  5. Adam McCloskey & Pascal Michaillat, 2020. "Critical Values Robust to P-hacking," Papers 2005.04141, arXiv.org, revised Dec 2023.

    Cited by:

    1. Guillaume Coqueret, 2023. "Forking paths in financial economics," Papers 2401.08606, arXiv.org.

  6. Pascal Michaillat & Emmanuel Saez, 2019. "Resolving New Keynesian Anomalies with Wealth in the Utility Function," Papers 1905.13645, arXiv.org, revised Dec 2019.

    Cited by:

    1. Adrien Auclert & Matthew Rognlie & Ludwig Straub, 2018. "The Intertemporal Keynesian Cross," NBER Working Papers 25020, National Bureau of Economic Research, Inc.
    2. Aronsson, Thomas & Ghosh, Sugata & Wendner, Ronald, 2021. "Positional Preferences and Efficiency in a Dynamic Economy," MPRA Paper 108335, University Library of Munich, Germany.
    3. Modesto, Leonor & Nourry, Carine & Seegmuller, Thomas & Venditti, Alain, 2021. "Growth and instability in a small open economy with debt," Mathematical Social Sciences, Elsevier, vol. 112(C), pages 26-37.
    4. Qichun He & Yulei Luo & Jun Nie & Heng-fu Zou, 2021. "Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism," CEMA Working Papers 615, China Economics and Management Academy, Central University of Finance and Economics.
    5. Mariano Kulish & Nadine Yamout, 2024. "The Fiscal Arithmetic of a Slowdown in Trend Growth," Working Papers 308, Red Nacional de Investigadores en Economía (RedNIE).
    6. Atif Mian & Ludwig Straub & Amir Sufi, 2021. "Indebted Demand," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 136(4), pages 2243-2307.
    7. Ansgar Rannenberg, 2019. "Inequality, the risk of secular stagnation and the increase in household deb," Working Paper Research 375, National Bank of Belgium.
    8. Cantore, C. & Freund, L. B., 2020. "Workers, Capitalists, and the Government: Fiscal Policy and Income (Re)Distribution," Cambridge Working Papers in Economics 2095, Faculty of Economics, University of Cambridge.
    9. Gauti B. Eggertsson & Marc Giannoni, 2020. "Medium-Term Money Neutrality and the Effective Lower Bound," NBER Working Papers 27669, National Bureau of Economic Research, Inc.
    10. Eyster, Erik & Madarasz, Kristof & Michaillat, Pascal, 2019. "Pricing under Fairness Concerns," Santa Cruz Department of Economics, Working Paper Series qt68z5w8j8, Department of Economics, UC Santa Cruz.
    11. Jean-Baptiste MICHAU, 2019. "The Preference for Net Wealth," Working Papers 2019-12, Center for Research in Economics and Statistics.
    12. Wolf, Martin & Fornaro, Luca, 2021. "Monetary Policy in the Age of Automation," CEPR Discussion Papers 16416, C.E.P.R. Discussion Papers.
    13. Ferry Syarifuddin & Toni Bakhtiar, 2022. "The Macroeconomic Effects of an Interest-Bearing CBDC: A DSGE Model," Mathematics, MDPI, vol. 10(10), pages 1-33, May.
    14. Sergeyev, Dmitriy & Lian, Chen & Gorodnichenko, Yuriy, 2023. "The Economics of Financial Stress," IZA Discussion Papers 16318, Institute of Labor Economics (IZA).
    15. Dennis Bonam, 2020. "A convenient truth: The convenience yield, low interest rates and implications for fiscal policy," Working Papers 700, DNB.
    16. Jean-Bernard Chatelain & Kirsten Ralf, 2024. "Wealth in the Quadratic Loss Function of the Ramsey Malinvaud Cass Koopmans Model of Optimal Savings," Revue d'économie politique, Dalloz, vol. 134(3), pages 371-390.
    17. Chunbing Cai & Jordan Roulleau-Pasdeloup, 2023. "Simple Analytics of the Government Investment Multiplier," Papers 2302.11212, arXiv.org, revised Sep 2023.
    18. He Nie & Jordan Roulleau-Pasdeloup, 2022. "Online Appendix to "The promises (and perils) of control-contingent forward guidance"," Online Appendices 21-153, Review of Economic Dynamics.
    19. Sami Alpanda & Uluc Aysun & Serdar Kabaca, 2023. "International Portfolio Rebalancing and Fiscal Policy Spillovers," Staff Working Papers 23-56, Bank of Canada.
    20. Ken-ichi Hashimoto & Yoshiyasu Ono & Matthias Schlegl, 2020. "Structural Unemployment, Underemployment, and Secular Stagnation," ISER Discussion Paper 1088r, Institute of Social and Economic Research, The University of Osaka, revised Mar 2021.
    21. Sanjay R. Singh & Pablo Cuba-Borda, 2019. "Understanding Persistent Stagnation," Working Papers 329, University of California, Davis, Department of Economics.
    22. Pablo Cuba-Borda & Sanjay R. Singh, 2022. "Understanding Persistent ZLB: Theory and Assessment," Working Papers 346, University of California, Davis, Department of Economics.
    23. Kragl, Jenny & Bental, Benjamin, 2020. "Other-Regarding Preferences and Incentives in the Societal Context," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224547, Verein für Socialpolitik / German Economic Association.
    24. Pascal Michaillat & Emmanuel Saez, 2014. "An Economical Business-Cycle Model," NBER Working Papers 19777, National Bureau of Economic Research, Inc.
    25. Qichun He & Yulei Luo & Jun Nie & Heng-fu Zou, 2022. "Online Appendix to "Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism"," Online Appendices 21-41, Review of Economic Dynamics.
    26. Zhao, Junzhu, 2023. "Wealth in utility, the Taylor principle and determinacy," Journal of Macroeconomics, Elsevier, vol. 76(C).
    27. Airaudo, Marco, 2020. "Temptation and forward-guidance," Journal of Economic Theory, Elsevier, vol. 186(C).
    28. Nobuyuki Hanaki & Yuta Shimodaira, 2024. "Wealth Preferences and Wealth Inequality: Experimental Evidence," ISER Discussion Paper 1260r, Institute of Social and Economic Research, The University of Osaka, revised Feb 2025.
    29. Coenen, Günter & Montes-Galdón, Carlos & Saint Guilhem, Arthur & Hutchinson, John & Motto, Roberto, 2022. "Rate forward guidance in an environment of large central bank balance sheets: a Eurosystem stock-taking assessment," Occasional Paper Series 290, European Central Bank.
    30. Bental, Benjamin & Kragl, Jenny, 2021. "Inequality and incentives with societal other-regarding preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 188(C), pages 1298-1324.
    31. Matthieu Darracq Paries & Georg Muller & Niki Papadopoulou, 2022. "Fiscal Multipliers with Sovereign Risk and Fragile Banks," Working Papers 2022-5, Central Bank of Cyprus.
    32. Daudignon, Sandra & Tristani, Oreste, 2023. "Monetary policy and the drifting natural rate of interest," Working Paper Series 2788, European Central Bank.
    33. Christian Schoder & Remzi Baris Tercioglu, 2024. "A climate-fiscal policy mix to achieve Türkiye’s net-zero ambition under feasibility constraints," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 21(2), pages 331-359, April.
    34. Kim, Minseong, 2019. "A comment on ergodicity economics," OSF Preprints 7gm8a, Center for Open Science.
    35. Yang Ming & Heng-fu Zou, 2024. "The Spirit of Capitalism, Entrepreneurship, and Talent Allocation," CEMA Working Papers 618, China Economics and Management Academy, Central University of Finance and Economics.
    36. Bredemeier, Christian & Juessen, Falko & Schabert, Andreas, 2022. "Why are fiscal multipliers moderate even under monetary accommodation?," European Economic Review, Elsevier, vol. 141(C).
    37. Ansgar Rannenberg, 2019. "State dependent fiscal multipliers with preferences over safe assests," Working Paper Research 374, National Bank of Belgium.
    38. Christian Bredemeier & Andreas Schabert & Christoph Kaufmann, 2018. "Interest Rate Spreads and Forward Guidance," 2018 Meeting Papers 491, Society for Economic Dynamics.
    39. Cairó, Isabel & Sim, Jae, 2024. "Market power, inequality, and financial instability," Journal of Economic Dynamics and Control, Elsevier, vol. 164(C).
    40. Chunbing Cai & Jordan Roulleau-Pasdeloup & Zhongxi Zheng, 2025. "Endogenous Persistence at the Effective Lower Bound," Papers 2501.06473, arXiv.org, revised Apr 2025.
    41. Agustín Arias & Benjamín García & Ignacio Rojas, 2023. "Forward Guidance: Estimating a Behavioral DSGE Model with System Priors," Working Papers Central Bank of Chile 994, Central Bank of Chile.
    42. Kazuma Inagakli, & Yoshiyasu Ono & Takayuki Tsuruga, 2022. "Accounting for the slowdown in output growth after the Great Recession: A wealth preference approach," ISER Discussion Paper 1174r, Institute of Social and Economic Research, The University of Osaka, revised Mar 2023.
    43. Behzad Diba & Olivier Loisel, 2019. "Pegging the Interest Rate on Bank Reserves: A Resolution of New Keynesian Puzzles and Paradoxes," Working Papers gueconwpa~19-19-05, Georgetown University, Department of Economics.
    44. Atif Mian & Ludwig Straub & Amir Sufi, 2021. "A Goldilocks Theory of Fiscal Policy," Working Papers 2021-37, Princeton University. Economics Department..
    45. Christoffel, Kai & Mazelis, Falk & Montes-Galdón, Carlos & Müller, Tobias, 2020. "Disciplining expectations and the forward guidance puzzle," Working Paper Series 2424, European Central Bank.
    46. Filippo Ferroni & Jonas D. M. Fisher & Leonardo Melosi, 2022. "Usual Shocks in our Usual Models," Working Paper Series WP 2022-39, Federal Reserve Bank of Chicago.
    47. Jeffrey R. Campbell & Filippo Ferroni & Jonas D. M. Fisher & Leonardo Melosi, 2019. "The limits of forward guidance," Working Paper Series WP-2019-3, Federal Reserve Bank of Chicago.
    48. Moore, Rachel & Pecoraro, Brandon, 2021. "Quantitative Analysis of a Wealth Tax in the United States: Exclusions, Evasion, and Expenditures," MPRA Paper 109120, University Library of Munich, Germany.
    49. Schoder, Christian & Tercioglu, Remzi Baris, 2023. "A Climate-Fiscal Policy Mix to Achieve Türkiye’s Net-Zero Ambition under Feasibility Constraints," Policy Research Working Paper Series 10551, The World Bank.
    50. Ferrari, Alessandro & Landi, Valerio Nispi, 2023. "Toward a green economy: the role of central bank’s asset purchases," Working Paper Series 2779, European Central Bank.
    51. Lepetit, Antoine & Fuentes-Albero, Cristina, 2022. "The limited power of monetary policy in a pandemic," European Economic Review, Elsevier, vol. 147(C).
    52. Pascal Michaillat & Emmanuel Saez, 2024. "Beveridgean Phillips Curve," Papers 2401.12475, arXiv.org, revised Oct 2024.
    53. Di Bucchianico, Stefano, 2020. "Discussing Secular Stagnation: A case for freeing good ideas from theoretical constraints?," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 288-297.
    54. Brent Bundick & Andrew Lee Smith, 2020. "Should We Be Puzzled by Forward Guidance?," Research Working Paper RWP 20-01, Federal Reserve Bank of Kansas City.
    55. Dario Bonciani & Joonseok Oh, 2021. "Optimal monetary policy mix at the zero lower bound," Bank of England working papers 945, Bank of England.
    56. Lai, Shuying & Qiu, Jing & Tao, Yuechuan & Zhao, Junhua, 2021. "Risk hedging for gas power generation considering power-to-gas energy storage in three different electricity markets," Applied Energy, Elsevier, vol. 291(C).
    57. Mehrotra, Neil R. & Sergeyev, Dmitriy, 2021. "Debt sustainability in a low interest rate world," Journal of Monetary Economics, Elsevier, vol. 124(S), pages 1-18.
    58. Darracq Pariès, Matthieu & Müller, Georg & Papadopoulou, Niki, 2023. "Fiscal multipliers within the euro area in the context of sovereign risk and bank fragility," Economic Modelling, Elsevier, vol. 126(C).
    59. Yulei Luo & Jun Nie & Heng-fu Zou, 2021. "Wealth in the Utility Function and Consumption Inequality," Research Working Paper RWP 21-17, Federal Reserve Bank of Kansas City.
    60. Sebastian Gechert & Jan Siebert, 2019. "Preferences over wealth," IMK Working Paper 200-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    61. Serdar Kabaca & Renske Maas & Kostas Mavromatis & Romanos Priftis, 2020. "Optimal Quantitative Easing in a Monetary Union," Staff Working Papers 20-49, Bank of Canada.
    62. Moore, Rachel & Pecoraro, Brandon, 2023. "Quantitative analysis of a wealth tax for the United States: Exclusions and expenditures," Journal of Macroeconomics, Elsevier, vol. 78(C).
    63. Jean-Baptiste Michau & Yoshiyasu Ono & Matthias Schlegl, 2018. "Wealth Preference and Rational Bubbles," CESifo Working Paper Series 7148, CESifo.
    64. Christian Bredemeier & Falko Juessen & Andreas Schabert, 2021. "Why Are Fiscal Multipliers Moderate Even Under Monetary Accommodation?," ECONtribute Discussion Papers Series 074, University of Bonn and University of Cologne, Germany.
    65. He, Qichun, 2024. "Wealth in the utility function, consumption subsidy, and long-run growth and welfare," Journal of Macroeconomics, Elsevier, vol. 82(C).
    66. Kopiec, Paweł, 2024. "Monetary-Fiscal Forward Guidance," MPRA Paper 120563, University Library of Munich, Germany.
    67. Ansgar Rannenberg, 2019. "Forward guidance with preferences over safe assets," Working Paper Research 364, National Bank of Belgium.
    68. Mirela Miescu, 2022. "Forward guidance shocks," Working Papers 352591340, Lancaster University Management School, Economics Department.
    69. Waters, George A., 2022. "The many faces of the taylor rule for advanced undergraduate macroeconomics," International Review of Economics Education, Elsevier, vol. 41(C).
    70. Airaudo, Marco, 2025. "Temptation-driven preferences: A resolution to New Keynesian anomalies," European Economic Review, Elsevier, vol. 172(C).

  7. Pascal Michaillat & Emmanuel Saez, 2019. "Beveridgean Unemployment Gap," Papers 1911.05271, arXiv.org, revised Nov 2021.

    Cited by:

    1. Fortin, Pierre, 2024. "Does immigration help alleviate economy-wide labour shortages?," CLEF Working Paper Series 70, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    2. Meryem Gökten & Philipp Heimberger & Andreas Lichtenberger, 2024. "How Far from Full Employment? The European Unemployment Problem Revisited," wiiw Working Papers 245, The Vienna Institute for International Economic Studies, wiiw.
    3. Joshua Bernstein & Alexander W. Richter & Nathaniel A. Throckmorton, 2025. "The Matching Function and Nonlinear Business Cycles," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(2-3), pages 349-376, March.
    4. Juan C. Córdoba & Anni T. Isojärvi & Haoran Li, 2024. "Endogenous Bargaining Power and Declining Labor Compensation Share," Opportunity and Inclusive Growth Institute Working Papers 092, Federal Reserve Bank of Minneapolis.
    5. Hie Joo Ahn & Leland D. Crane, 2020. "Dynamic Beveridge Curve Accounting," Finance and Economics Discussion Series 2020-027, Board of Governors of the Federal Reserve System (U.S.).
    6. Pascal Michaillat, 2024. "Modeling Migration-Induced Unemployment," NBER Working Papers 33047, National Bureau of Economic Research, Inc.
    7. Shisham Adhikari & Athanasios Geromichalos & Ioannis Kospentaris, 2023. "How much work experience do you need to get your first job? The macroeconomic implications of bias against labor market entrants," Working Papers 357, University of California, Davis, Department of Economics.
    8. Garita, Jonathan & Pastrana, Guillermo & Slon, Pablo, 2024. "Job displacement effects and labor market sorting during COVID-19," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 5(2).
    9. Demirgüç-Kunt, Asli & Lokshin, Michael & Torre, Iván, 2024. "Protect incomes or protect jobs? The role of social policies in post-pandemic recovery," World Development, Elsevier, vol. 182(C).
    10. Pascal Michaillat & Emmanuel Saez, 2024. "Beveridgean Phillips Curve," Papers 2401.12475, arXiv.org, revised Oct 2024.
    11. Fabrice Collard & Patrick Feve & Alain Guay, 2024. "Risk Scenarios and Macroeconomic Forecasts," Working Papers 24-03, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management, revised May 2024.
    12. Jelena Momcilovic and Mirjana Miletic & Jelena Momcilovic & Mirjana Miletic, 2024. "Analysis of the labour market and its impact on inflation in Serbia," Working Papers Bulletin 25, National Bank of Serbia.
    13. Alex Domash & Lawrence H. Summers, 2022. "How Tight are U.S. Labor Markets?," NBER Working Papers 29739, National Bureau of Economic Research, Inc.
    14. Leythienne, Jean Fernand, 2024. "Is euro area at full employment ? — A diagnosis from the Beveridge curve," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 322-340.
    15. Miroslav Gabrovski & Ioannis Kospentaris & Lucie Lebeau, 2024. "The Macroeconomics of Labor, Credit and Financial Market Imperfections," Working Papers 2409, Federal Reserve Bank of Dallas.

  8. Erik Eyster & Kristof Madarasz & Pascal Michaillat, 2019. "Pricing under Fairness Concerns," Papers 1904.05656, arXiv.org, revised Aug 2020.

    Cited by:

    1. Maxime C. Cohen & Adam N. Elmachtoub & Xiao Lei, 2022. "Price Discrimination with Fairness Constraints," Management Science, INFORMS, vol. 68(12), pages 8536-8552, December.
    2. Denis Claude & Mabel Tidball, 2022. "Taking firms’ margin targets seriously in a model of competition in supply functions," CEE-M Working Papers hal-03548797, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
    3. Pitschner, Stefan, 2020. "How do firms set prices? Narrative evidence from corporate filings," European Economic Review, Elsevier, vol. 124(C).
    4. Kirsten Hillebrand & Lars Hornuf, 2021. "The Social Dilemma of Big Data: Donating Personal Data to Promote Social Welfare," CESifo Working Paper Series 8926, CESifo.
    5. Ghazi, Soroush & Schneider, Mark, 2024. "Market value of rarity: A theory of fair value and evidence from rare baseball cards," Journal of Economic Behavior & Organization, Elsevier, vol. 219(C), pages 318-339.
    6. Marco Bertini & Stefan Buehler & Daniel Halbheer, 2020. "Pricing and Supply Chain Transparency to Conscientious Consumers," CESifo Working Paper Series 8675, CESifo.
    7. Alessandro Ispano & Peter Schwardmann, 2023. "Cursed Consumers and the Effectiveness of Consumer Protection Policies," Journal of Industrial Economics, Wiley Blackwell, vol. 71(2), pages 407-440, June.
    8. Jianyu Xu & Dan Qiao & Yu-Xiang Wang, 2022. "Doubly Fair Dynamic Pricing," Papers 2209.11837, arXiv.org.
    9. Pablo Cuba-Borda & Jean-Paul L'Huillier, 2025. "Inflation is a Supply Phenomenon," Working Papers 137, Brandeis University, Department of Economics and International Business School.
    10. Pascal Michaillat & Emmanuel Saez, 2024. "Beveridgean Phillips Curve," Papers 2401.12475, arXiv.org, revised Oct 2024.
    11. Rezaei, Sarah & Rosenkranz, Stephanie & Weitzel, Utz & Westbrock, Bastian, 2024. "Social preferences on networks," Journal of Public Economics, Elsevier, vol. 234(C).
    12. Shirota, Toyoichiro, 2025. "Optimal monetary policy under fairness concerns in pricing," Economics Letters, Elsevier, vol. 247(C).
    13. Michael Luca & Oren Reshef, 2021. "The Effect of Price on Firm Reputation," Management Science, INFORMS, vol. 67(7), pages 4408-4419, July.
    14. Yusuke Takahashi & Yoichiro Tamanyu, 2022. "Households' Perceived Inflation and CPI Inflation: the Case of Japan," Bank of Japan Working Paper Series 22-E-1, Bank of Japan.

  9. Pascal Michaillat & Emmanuel Saez, 2019. "An Economical Business-Cycle Model," Papers 1912.07163, arXiv.org, revised Apr 2021.

    Cited by:

    1. Aronsson, Thomas & Ghosh, Sugata & Wendner, Ronald, 2021. "Positional Preferences and Efficiency in a Dynamic Economy," MPRA Paper 108335, University Library of Munich, Germany.
    2. Michau, Jean-Baptiste, 2025. "Fiscal policy under secular stagnation: An optimal pump-priming strategy," Journal of Economic Dynamics and Control, Elsevier, vol. 175(C).
    3. François Le Grand & Xavier Ragot, 2020. "Managing Inequality over Business Cycles: Optimal Policies with Heterogeneous Agents and Aggregate Shocks," SciencePo Working papers hal-03476095, HAL.
    4. Garga, Vaishali & Singh, Sanjay R., 2021. "Output hysteresis and optimal monetary policy," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 871-886.
    5. Thomas Brzustowski & Nicolas Petrosky-Nadeau & Etienne Wasmer, 2015. "Disentangling goods, labor and credit market frictions in three European economies," SciencePo Working papers Main hal-03393222, HAL.
    6. Wang, Gaowang & Zou, Heng-fu, 2020. "Optimal fiscal and monetary policy in economies with capital," MPRA Paper 102753, University Library of Munich, Germany.
    7. Nicolas Petrosky-Nadeau & Etienne Wasmer & Shutian Zeng, 2014. "Shopping Time," Working Papers hal-03460207, HAL.
    8. Qichun He & Yulei Luo & Jun Nie & Heng-fu Zou, 2021. "Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism," CEMA Working Papers 615, China Economics and Management Academy, Central University of Finance and Economics.
    9. Uhlig, Harald & Fratto, Chiara, 2014. "Accounting for Post-Crisis Inflation and Employment: A Retro Analysis," CEPR Discussion Papers 10306, C.E.P.R. Discussion Papers.
    10. Boris Chafwehé & Rigas Oikonomou & Romanos Priftis & Lukas Vogel, 2022. "Optimal Monetary Policy with and without Debt," LIDAM Discussion Papers IRES 2022027, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    11. Michaillat, Pascal & Saez, Emmanuel, 2021. "Resolving New Keynesian Anomalies with Wealth in the Utility Function," Santa Cruz Department of Economics, Working Paper Series qt9wc7068w, Department of Economics, UC Santa Cruz.
    12. Robert E. Hall, 2016. "Macroeconomics of Persistent Slumps," NBER Working Papers 22230, National Bureau of Economic Research, Inc.
    13. Gerhard Illing & Yoshiyasu Ono & Matthias Schlegl, 2016. "Asset Prices and Leverage in a Model of Persistent Stagnation," ISER Discussion Paper 0988, Institute of Social and Economic Research, The University of Osaka.
    14. Illing, Gerhard & Ono, Yoshiyasu & Schlegl, Matthias, 2018. "Credit booms, debt overhang and secular stagnation," European Economic Review, Elsevier, vol. 108(C), pages 78-104.
    15. Saez, Emmanuel & Stantcheva, Stefanie, 2018. "A simpler theory of optimal capital taxation," Journal of Public Economics, Elsevier, vol. 162(C), pages 120-142.
    16. Pascal Michaillat, 2024. "Modeling Migration-Induced Unemployment," NBER Working Papers 33047, National Bureau of Economic Research, Inc.
    17. Nicolas Petrosky-Nadeau & Etienne Wasmer, 2015. "Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions," SciencePo Working papers Main hal-03392977, HAL.
    18. Ken-ichi Hashimoto & Yoshiyasu Ono & Matthias Schlegl, 2020. "Structural Unemployment, Underemployment, and Secular Stagnation," ISER Discussion Paper 1088r, Institute of Social and Economic Research, The University of Osaka, revised Mar 2021.
    19. Yoshiyasu Ono, 2017. "Country Size, Specialization Patterns and Secular Demand Stagnation," ISER Discussion Paper 1017, Institute of Social and Economic Research, The University of Osaka.
    20. Ken-ichi Hashimoto & Yoshiyasu Ono, 2019. "A simple aggregate demand analysis with dynamic optimization in a small open economy," ISER Discussion Paper 1061, Institute of Social and Economic Research, The University of Osaka.
    21. Nicolas Petrosky-Nadeau & Etienne Wasmer & Philippe Weil, 2021. "When Hosios Meets Phillips: Connecting Efficiency and Stability to Demand Shocks," Working Papers hal-03950239, HAL.
    22. Masako Ikefuji & Yoshiyasu Ono, 2020. "Environmental policies in a stagnant economy," ISER Discussion Paper 1110, Institute of Social and Economic Research, The University of Osaka.
    23. Nobuyuki Hanaki & Yuta Shimodaira, 2024. "Wealth Preferences and Wealth Inequality: Experimental Evidence," ISER Discussion Paper 1260r, Institute of Social and Economic Research, The University of Osaka, revised Feb 2025.
    24. Emanuele Franceschi, 2020. "A simple model of liquidity," PSE Working Papers halshs-02978552, HAL.
    25. Michau, Jean-Baptiste, 2018. "Secular stagnation: Theory and remedies," Journal of Economic Theory, Elsevier, vol. 176(C), pages 552-618.
    26. Murota, Ryu-ichiro, 2019. "Negative interest rate policy in a permanent liquidity trap," MPRA Paper 93498, University Library of Munich, Germany.
    27. Yoshiyasu Ono, 2018. "Macroeconomic Interdependence Between a Stagnant and a Fully Employed Country," The Japanese Economic Review, Japanese Economic Association, vol. 69(4), pages 450-477, December.
    28. Yang Ming & Heng-fu Zou, 2024. "The Spirit of Capitalism, Entrepreneurship, and Talent Allocation," CEMA Working Papers 618, China Economics and Management Academy, Central University of Finance and Economics.
    29. Matthias Schlegl, 2018. "Secular Stagnation in an Economy with Land," ISER Discussion Paper 1032, Institute of Social and Economic Research, The University of Osaka.
    30. Nicolas Petrosky-Nadeau & Etienne Wasmer, 2016. "The efficiency of surplus sharing," 2016 Meeting Papers 1318, Society for Economic Dynamics.
    31. Ikefuji, Masako & Ono, Yoshiyasu, 2024. "Environmental policies and stagnation in a two-country economy," Economic Modelling, Elsevier, vol. 141(C).
    32. Assenza, Tiziana & Cardaci, Alberto & Delli Gatti, Domenico & Grazzini, Jakob, 2017. "Policy experiments in an agent-based model with credit networks," Economics Discussion Papers 2017-66, Kiel Institute for the World Economy (IfW Kiel).
    33. Landais, Camille & Michaillat, Pascal & Saez, Emmanuel, 2018. "A macroeconomic approach to optimal unemployment insurance: applications," LSE Research Online Documents on Economics 88303, London School of Economics and Political Science, LSE Library.
    34. Schoder, Christian, 2020. "A Keynesian Dynamic Stochastic Disequilibrium model for business cycle analysis," Economic Modelling, Elsevier, vol. 86(C), pages 117-132.
    35. Boris Chafwehe & Rigas Oikonomou & Romanos Priftis & Lukas Vogel, 2018. "Endogenous forward guidance," Working Paper Research 354, National Bank of Belgium.
    36. Michaillat, Pascal & Saez, Emmanuel, 2019. "Beveridgean Unemployment Gap," CEPR Discussion Papers 14132, C.E.P.R. Discussion Papers.
    37. Ken-ichi Hashimoto & Kaz Miyagiwa & Yoshiyasu Ono & Matthias Schlegl, 2024. "Was Keynes right? A reconsideration of the effect of a protective tariff under stagnation," Working Papers 2409, Florida International University, Department of Economics.
    38. Mierau, Joachim & Mink, Mark, 2016. "A descriptive model of banking an aggregate demand," Research Report 16011-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    39. Pascal Michaillat & Emmanuel Saez, 2024. "Beveridgean Phillips Curve," Papers 2401.12475, arXiv.org, revised Oct 2024.
    40. Chiara Fratto & Harald Uhlig, 2019. "Online Appendix to "Accounting for Post-Crisis Inflation: A Retro Analysis"," Online Appendices 18-217, Review of Economic Dynamics.
    41. Rehme, Günther, 2018. "On "rusting" money: Silvio Gesell's Schwundgeld reconsidered," Darmstadt Discussion Papers in Economics 233, Darmstadt University of Technology, Department of Law and Economics.
    42. Ryu-ichiro Murota & Yoshiyasu Ono, 2015. "Fiscal Policy under Long-run Stagnation: A New Interpretation of the Multiplier Effect," ISER Discussion Paper 0937, Institute of Social and Economic Research, The University of Osaka.
    43. Murota, Ryu-ichiro & Ono, Yoshiyasu, 2015. "Fiscal policy under deflationary gap and long-run stagnation: Reinterpretation of Keynesian multipliers," Economic Modelling, Elsevier, vol. 51(C), pages 596-603.
    44. Jean-Baptiste Michau & Yoshiyasu Ono & Matthias Schlegl, 2018. "Wealth Preference and Rational Bubbles," CESifo Working Paper Series 7148, CESifo.
    45. He, Qichun, 2024. "Wealth in the utility function, consumption subsidy, and long-run growth and welfare," Journal of Macroeconomics, Elsevier, vol. 82(C).
    46. Yoshiyasu Ono, 2015. "Growth, Secular Stagnation and Wealth Preference," ISER Discussion Paper 0946, Institute of Social and Economic Research, The University of Osaka.

  10. Landais, Camille & Michaillat, Pascal & Saez, Emmanuel, 2018. "A macroeconomic approach to optimal unemployment insurance: theory," LSE Research Online Documents on Economics 88304, London School of Economics and Political Science, LSE Library.

    Cited by:

    1. Guillaume Wilemme, 2017. "Optimal Taxation to Correct Job Mismatching," AMSE Working Papers 1723, Aix-Marseille School of Economics, France.
    2. Ioana Marinescu & Daphne Skandalis & Daniel Zhao, 2021. "The Impact of the Federal Pandemic Unemployment Compensation on Job Search and Vacancy Creation," NBER Working Papers 28567, National Bureau of Economic Research, Inc.
    3. Adam M. Lavecchia, 2018. "Minimum Wage Policy with Optimal Taxes and Unemployment," Working Papers 1801E, University of Ottawa, Department of Economics.
    4. Kohlbrecher, Britta, 2019. "The (ir)relevance of real wage rigidity for optimal monetary policy," FAU Discussion Papers in Economics 07/2019, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
    5. Kory Kroft & Kavan Kucko & Etienne Lehmann & Johannes Friedrich Schmieder, 2017. "Optimal Income Taxation with Unemployment and Wage Responses: A Sufficient Statistics Approach," CESifo Working Paper Series 6686, CESifo.
    6. Emmanuel Saez & Benjamin Schoefer & David Seim, 2019. "Payroll Taxes, Firm Behavior, and Rent Sharing: Evidence from a Young Workers' Tax Cut in Sweden," American Economic Review, American Economic Association, vol. 109(5), pages 1717-1763, May.
    7. Yusuf Mercan & Benjamin Schoefer & Petr Sedláček, 2020. "A Congestion Theory of Unemployment Fluctuations," CESifo Working Paper Series 8731, CESifo.
    8. Hochmuth, Brigitte & Kohlbrecher, Britta & Merkl, Christian & Gartner, Hermann, 2021. "Hartz IV and the decline of German unemployment: A macroeconomic evaluation," Journal of Economic Dynamics and Control, Elsevier, vol. 127(C).
    9. Andreas Haller, Stefan Staubli, Josef Zweimüller, 2020. "Designing Disability Insurance Reforms: Tightening Eligibility Rules or Reducing Benefits?," Cahiers de recherche / Working Papers 5, Institut sur la retraite et l'épargne / Retirement and Savings Institute.
    10. Nils Mattis Gornemann, 2018. "HANK meets Ramsey: Optimal Coordination of Monetary and Labor Market Policies," 2018 Meeting Papers 1252, Society for Economic Dynamics.
    11. Galecka-Burdziak, Ewa & Góra, Marek & Jessen, Jonas & Jessen, Robin & Kluve, Jochen, 2021. "The Effects of Shortening Potential Benefit Duration: Evidence from Regional Cut-Offs and a Policy Reform," IZA Discussion Papers 14340, Institute of Labor Economics (IZA).
    12. David S. Lee & Pauline Leung & Christopher J. O'Leary & Zhuan Pei & Simon Quach, 2019. "Are Sufficient Statistics Necessary? Nonparametric Measurement of Deadweight Loss from Unemployment Insurance," NBER Working Papers 25574, National Bureau of Economic Research, Inc.
    13. Zweimüller, Josef, 2018. "Unemployment insurance and the labor market," Labour Economics, Elsevier, vol. 53(C), pages 1-14.
    14. Alisdair McKay & Ricardo Reis, 2016. "Optimal Automatic Stabilizers," Discussion Papers 1618, Centre for Macroeconomics (CFM).
    15. Marinescu, Ioana, 2019. "Reprint of: The general equilibrium impacts of unemployment insurance: Evidence from a large online job board," Journal of Public Economics, Elsevier, vol. 171(C), pages 70-85.
    16. Ioana Marinescu, 2016. "The General Equilibrium Impacts of Unemployment Insurance: Evidence from a Large Online Job Board," Working Papers id:11141, eSocialSciences.
    17. Camarero Garcia, Sebastian & Murmann, Martin, 2020. "Unemployment benefit duration and startup success," ZEW Discussion Papers 20-033, ZEW - Leibniz Centre for European Economic Research.
    18. Elira Kuka, 2018. "Quantifying the Benefits of Social Insurance: Unemployment Insurance and Health," Departmental Working Papers 1808, Southern Methodist University, Department of Economics.
    19. Andreas Hornstein & Marios Karabarbounis & Andre Kurmann & Etienne Lale & Lien Ta, 2023. "Disincentive Effects of Unemployment Insurance Benefits," Working Paper 23-11, Federal Reserve Bank of Richmond.
    20. Giulia Giupponi & Camille Landais, 2023. "Subsidizing Labour Hoarding in Recessions: The Employment and Welfare Effects of Short-time Work," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(4), pages 1963-2005.
    21. Pleninger, Regina, 2022. "Impact of natural disasters on the income distribution," World Development, Elsevier, vol. 157(C).
    22. Fredriksson, Peter & Söderström, Martin, 2020. "The equilibrium impact of unemployment insurance on unemployment: Evidence from a non-linear policy rule," Journal of Public Economics, Elsevier, vol. 187(C).
    23. Abdoulaye Ndiaye & Kyle Herkenhoff & Abdoulaye Cissé & Alessandro Dell'Acqua & Ahmadou A. Mbaye, 2024. "How to Fund Unemployment Insurance with Informality and False Claims: Evidence from Senegal," CESifo Working Paper Series 11271, CESifo.
    24. Xavier Pautrel, 2018. "Environmental Policy and Health in the Presence of Labor Market Imperfections," TEPP Working Paper 2018-09, TEPP.
    25. Gabriel Chodorow-Reich & Loukas Karabarbounis, 2016. "The Limited Macroeconomic Effects of Unemployment Benefit Extensions," Working Papers 733, Federal Reserve Bank of Minneapolis.
    26. Kyyrä, Tomi & Pesola, Hanna & Rissanen, Aarne, 2017. "Unemployment Insurance in Finland: A Review of Recent Changes and Empirical Evidence on Behavioral Responses," Research Reports 184, VATT Institute for Economic Research.
    27. Epstein, Brendan & Nunn, Ryan & Orak, Musa & Patel, Elena, 2023. "Taxation, social welfare, and labor market frictions," European Economic Review, Elsevier, vol. 151(C).
    28. Stéphane Auray & Aurélien Eyquem, 2022. "Optimal Unemployment Insurance in a THANK Model," Working Papers hal-03652789, HAL.
    29. Birinci, Serdar & Karahan, Fatih & Mercan, Yusuf & See, Kurt, 2021. "Labor market policies during an epidemic," Journal of Public Economics, Elsevier, vol. 194(C).
    30. Pawel Borys & Pawel Doligalski & Pawel Kopiec, 2021. "The Quantitative Importance of Technology and Demand Shocks for Unemployment Fluctuations in a Shopping Economy," Bristol Economics Discussion Papers 21/743, School of Economics, University of Bristol, UK.
    31. Edwyna Harris & Sumner La Croix, 2020. "South Australia’s Employment Relief Program for Assisted Immigrants: Promises and Reality, 1838-1843," Working Papers 202008, University of Hawaii at Manoa, Department of Economics.
    32. Merkl, Christian & van Rens, Thijs, 2012. "Selective Hiring and Welfare Analysis in Labor Market Models," IZA Discussion Papers 6294, Institute of Labor Economics (IZA).
    33. Steven Dieterle & Otavio Bartalotti & Quentin Brummet, 2016. "Revisiting the Effects of Unemployment Insurance Extensions on Unemployment: A Measurement Error-Corrected Regression Discontinuity Approach," Edinburgh School of Economics Discussion Paper Series 268, Edinburgh School of Economics, University of Edinburgh.
    34. Alexander Ahammer & Analisa Packham, 2020. "Dying to Work: Effects of Unemployment Insurance on Health," Economics working papers 2020-09, Department of Economics, Johannes Kepler University Linz, Austria.
    35. Mr. Tom Krebs & Mr. Martin Scheffel, 2017. "Labor Market Institutions and the Cost of Recessions," IMF Working Papers 2017/087, International Monetary Fund.
    36. Martin Gervais, 2012. "Optimal Unemployment Insurance in a Directed Search Model," 2012 Meeting Papers 1177, Society for Economic Dynamics.
    37. Ferey, Antoine, 2022. "Redistribution and Unemployment Insurance," Rationality and Competition Discussion Paper Series 345, CRC TRR 190 Rationality and Competition.
    38. Yavuz Arslan & Ahmet Degerli & Gazi Kabas, 2019. "Unintended Consequences of Unemployment Insurance Benefits: The Role of Banks," Swiss Finance Institute Research Paper Series 19-44, Swiss Finance Institute.
    39. Gerritsen, Aart, 2017. "Equity and efficiency in rationed labor markets," Journal of Public Economics, Elsevier, vol. 153(C), pages 56-68.
    40. Scott, Dana & Finamor, Lucas, 2020. "Employment Effects of Unemployment Insurance Generosity During the Pandemic," MPRA Paper 102390, University Library of Munich, Germany.
    41. Serdar Birinci, 2019. "Spousal Labor Supply Response to Job Displacement and Implications for Optimal Transfers," Working Papers 2019-020, Federal Reserve Bank of St. Louis, revised Jan 2024.
    42. Desmond Toohey, 2021. "The effects of unemployment insurance in late career: Evidence from Social Security offsets," Southern Economic Journal, John Wiley & Sons, vol. 88(2), pages 628-648, October.
    43. Tomaz Cajner & İlhan Güner & Toshihiko Mukoyama, 2025. "Gross Worker Flows over the Life Cycle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(4), pages 757-791, June.
    44. Kory Kroft & Fabian Lange & Matthew J. Notowidigdo & Matthew Tudball, 2019. "Long Time Out: Unemployment and Joblessness in Canada and the United States," Journal of Labor Economics, University of Chicago Press, vol. 37(S2), pages 355-397.
    45. Serdar Birinci & Kurt Gerrard See, 2018. "How Should Unemployment Insurance vary over the Business Cycle?," 2018 Meeting Papers 69, Society for Economic Dynamics.
    46. Pérez Pérez Jorge, 2022. "City Minimum Wages and Spatial Equilibrium Effects," Working Papers 2022-04, Banco de México.
    47. Cynthia Doniger, 2023. "Wage Dispersion with Heterogeneous Wage Contracts," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 138-160, December.
    48. Mitman, Kurt & Rabinovich, Stanislav, 2021. "Whether, When and How to Extend Unemployment Benefits: Theory and Application to COVID-19," IZA Discussion Papers 14085, Institute of Labor Economics (IZA).
    49. Pei, Yun & Xie, Zoe, 2022. "Timing and time inconsistency in search models," Economics Letters, Elsevier, vol. 220(C).
    50. Benzarti, Youssef & Harju, Jarkko, 2021. "Can payroll tax cuts help firms during recessions?," Journal of Public Economics, Elsevier, vol. 200(C).
    51. Pora, Pierre & Wilner, Lionel, 2020. "A decomposition of labor earnings growth: Recovering Gaussianity?," Labour Economics, Elsevier, vol. 63(C).
    52. Peter Ganong & Fiona Greig & Max Liebeskind & Pascal Noel & Daniel Sullivan & Joseph Vavra, 2021. "Spending and Job Search Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data," Working Papers 2021-19, Becker Friedman Institute for Research In Economics.
    53. Arash Nekoei & Andrea Weber, 2014. "Does Extending Unemployment Benefits Improve Job Quality?," NRN working papers 2014-04, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria.
    54. Ignaszak, Marek & Jung, Philip & Kuester, Keith, 2020. "Federal Unemployment Reinsurance and Local Labor-Market Policies," IZA Discussion Papers 13886, Institute of Labor Economics (IZA).
    55. Russell Wong & Guillaume Rocheteau & Zachary Bethune, 2017. "Unemployment, Aggregate Demand, and the Distribution of Liquidity," 2017 Meeting Papers 760, Society for Economic Dynamics.
    56. Peter Ganong & Fiona Greig & Pascal Noel & Daniel M. Sullivan & Joseph Vavra, 2024. "Spending and Job-Finding Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data," American Economic Review, American Economic Association, vol. 114(9), pages 2898-2939, September.
    57. Mishel Ghassibe & Francesco Zanetti, 2022. "State Dependence of Fiscal Multipliers: the Source of Fluctuations Matters," BCAM Working Papers 2204, Birkbeck Centre for Applied Macroeconomics.
    58. Moritz Drechsel-Grau, 2023. "Employment and Reallocation Effects of Higher Minimum Wages," CESifo Working Paper Series 10412, CESifo.
    59. James Roumasset, 2020. "Clubs, Coase, and the Role of Government," Working Papers 202007, University of Hawaii at Manoa, Department of Economics.
    60. Landais, Camille & Michaillat, Pascal & Saez, Emmanuel, 2018. "A macroeconomic approach to optimal unemployment insurance: applications," LSE Research Online Documents on Economics 88303, London School of Economics and Political Science, LSE Library.
    61. Patrick J. Conway, 2022. "Unemployment insurance programs and the choice to leave the labor force," Southern Economic Journal, John Wiley & Sons, vol. 88(4), pages 1373-1400, April.
    62. Duha T. Altindag & Bahadіr Dursun & Elif S. Filiz, 2022. "The effect of education on unemployment duration," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 21-42, January.
    63. Yavuz Arslan & Ahmet Degerli & Bulent Guler & Burhanettin Kurusçu, 2024. "Unemployment Insurance and Macro-Financial (In)Stability," Finance and Economics Discussion Series 2024-087, Board of Governors of the Federal Reserve System (U.S.).
    64. Alzate,David & Eliana Carranza & Duran-Franch,Joana & Truman G. Packard & Celina Proffen, 2024. "How Regulations Impact the Labor Market : A Review of the Literatures on Product and Labor Market Regulations," Policy Research Working Paper Series 10961, The World Bank.
    65. Landais, Camille & Giupponi, Giulia & Lapeyre, Alice, 2021. "Should We Insure Workers or Jobs During Recessions?," CEPR Discussion Papers 16421, C.E.P.R. Discussion Papers.
    66. Fackler, Daniel & Stegmaier, Jens & Weigt, Eva, 2019. "Does extended unemployment benefit duration ameliorate the negative employment effects of job loss?," Labour Economics, Elsevier, vol. 59(C), pages 123-138.
    67. Serdar Birinci & Kurt See, 2024. "The Implications of Labor Market Heterogeneity on Unemployment Insurance Design," Working Papers 2024-026, Federal Reserve Bank of St. Louis, revised 18 Nov 2024.
    68. Serdar Birinci & Kurt See, 2019. "Labor Market Responses to Unemployment Insurance: The Role of Heterogeneity," Working Papers 2019-022, Federal Reserve Bank of St. Louis, revised Nov 2021.
    69. Michaillat, Pascal & Saez, Emmanuel, 2019. "Beveridgean Unemployment Gap," CEPR Discussion Papers 14132, C.E.P.R. Discussion Papers.
    70. Pizzo, Alessandra & Villena-Roldán, Benjamin, 2024. "Labor markets, wage Inequality, and hiring selection," MPRA Paper 120281, University Library of Munich, Germany.
    71. Tomer Ifergane, 2022. "Time to Say Goodbye: The Macroeconomic Implications of Termination Notice," Discussion Papers 2212, Centre for Macroeconomics (CFM).
    72. Thomas Dengler & Britta Gehrke, 2022. "Short-Time Work and Precautionary Savings," CESifo Working Paper Series 9873, CESifo.
    73. Erhan Bayraktar & Indrajit Mitra & Jingjie Zhang, 2024. "Countercyclical unemployment benefits: a general equilibrium analysis of transition dynamics," Mathematics and Financial Economics, Springer, volume 18, number 3, December.
    74. Javier López Segovia, 2023. "Consumption Commitments and Unemployment Insurance," CRC TR 224 Discussion Paper Series crctr224_2023_458, University of Bonn and University of Mannheim, Germany.
    75. Spinnewijn, Johannes, 2020. "The trade-off between insurance and incentives in differentiated unemployment policies," LSE Research Online Documents on Economics 104718, London School of Economics and Political Science, LSE Library.
    76. Lee, Kangoh, 2022. "Unemployment insurance, mobile capital, output, and distributive effects," Economic Modelling, Elsevier, vol. 115(C).
    77. Joaquín Herrera & Martin González-Rozada & Hernan Ruffo, 2025. "The Fiscal Costs of Unemployment Insurance," Department of Economics Working Papers 2025_09, Universidad Torcuato Di Tella.
    78. Stiepelmann, Gero, 2024. "Optimal STW Policy in Recessions," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302419, Verein für Socialpolitik / German Economic Association.
    79. Sebastian Camarero Garcia & Martin Murmann, 2025. "How unemployment benefit duration shapes startup motivation and growth," Small Business Economics, Springer, vol. 64(4), pages 1565-1600, April.
    80. Boadway,Robin & Cuff,Katherine, 2022. "Tax Policy," Cambridge Books, Cambridge University Press, number 9781108949453, Enero-Abr.
    81. Philipp Mohl & Gilles Mourre & Klara Stovicek, 2019. "Automatic Fiscal Stabilisers in the EU: Size and Effectiveness," European Economy - Economic Briefs 045, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    82. Martin Gonzalez-Rozada & Hernan Ruffo, 2022. "The welfare effects of unemployment insurance in Argentina. New estimates using changes in the schedule of transfers," Papers 2202.01844, arXiv.org.
    83. Stähler, Nikolai & Moyen, Stephane & Winkler, Fabian, 2016. "Optimal Unemployment Insurance and International Risk Sharing," VfS Annual Conference 2016 (Augsburg): Demographic Change 145612, Verein für Socialpolitik / German Economic Association.
    84. Sainsbury, Tristram & Breunig, Robert & Watson, Timothy, 2022. "COVID-19 Private Pension Withdrawals and Unemployment Tenures," IZA Discussion Papers 15399, Institute of Labor Economics (IZA).
    85. Pei, Yun & Xie, Zoe, 2021. "A quantitative theory of time-consistent unemployment insurance," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 848-870.
    86. Cai, Zhifeng & Heathcote, Jonathan, 2023. "The Great Resignation and Optimal Unemployment Insurance," CEPR Discussion Papers 18526, C.E.P.R. Discussion Papers.
    87. Andersen, Torben M. & Kristoffersen, Mark Strom & Svarer, Michael, 2015. "Benefit Reentitlement Conditions in Unemployment Insurance Schemes," IZA Discussion Papers 8991, Institute of Labor Economics (IZA).
    88. Zamanzadeh, Akbar & Chan, Marc K. & Ehsani, Mohammad Ali & Ganjali, Mojtaba, 2020. "Unemployment duration, Fiscal and monetary policies, and the output gap: How do the quantile relationships look like?," Economic Modelling, Elsevier, vol. 91(C), pages 613-632.
    89. Huang, Po-Chun & Yang, Tzu-Ting, 2016. "Evaluation of optimal unemployment insurance with reemployment bonuses using regression discontinuity (kink) design," CLEF Working Paper Series 2, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    90. Dami'an Vergara, 2022. "Minimum Wages and Optimal Redistribution," Papers 2202.00839, arXiv.org, revised Dec 2022.
    91. Guo, Audrey, 2020. "The Effects of Unemployment Insurance Taxation on Multi-Establishment Firms," MPRA Paper 97919, University Library of Munich, Germany.
    92. Edwyna Harris & Sumner La Croix, 2020. "South Australia’s Employment Relief Program for Assisted Immigrants: Promises and Reality, 1838-1843," CEH Discussion Papers 03, Centre for Economic History, Research School of Economics, Australian National University.
    93. Meier, Mario & Obermeier, Tim, 2024. "Employer screening and optimal unemployment insurance," LSE Research Online Documents on Economics 126865, London School of Economics and Political Science, LSE Library.
    94. Landais, Camille & Giupponi, Giulia, 2018. "Subsidizing Labor Hoarding in Recessions: The Employment & Welfare Effects of Short Time Work," CEPR Discussion Papers 13310, C.E.P.R. Discussion Papers.

  11. Pascal Michaillat & Emmanuel Saez, 2018. "A New Keynesian Model with Wealth in the Utility Function," 2018 Meeting Papers 1276, Society for Economic Dynamics.

    Cited by:

    1. Ansgar Rannenberg, 2019. "Inequality, the risk of secular stagnation and the increase in household deb," Working Paper Research 375, National Bank of Belgium.
    2. Eyster, Erik & Madarasz, Kristof & Michaillat, Pascal, 2019. "Pricing under Fairness Concerns," Santa Cruz Department of Economics, Working Paper Series qt68z5w8j8, Department of Economics, UC Santa Cruz.
    3. Sergeyev, Dmitriy & Mehrotra, Neil, 2020. "Debt Sustainability in a Low Interest Rate World," CEPR Discussion Papers 15282, C.E.P.R. Discussion Papers.
    4. Sanjay R. Singh & Pablo Cuba-Borda, 2019. "Understanding Persistent Stagnation," Working Papers 329, University of California, Davis, Department of Economics.
    5. Paul Beaudry & Césaire Meh, 2021. "Monetary Policy, Trends in Real Interest Rates and Depressed Demand," Staff Working Papers 21-27, Bank of Canada.
    6. Christian Bredemeier & Andreas Schabert & Christoph Kaufmann, 2018. "Interest Rate Spreads and Forward Guidance," 2018 Meeting Papers 491, Society for Economic Dynamics.
    7. Behzad Diba & Olivier Loisel, 2019. "Pegging the Interest Rate on Bank Reserves: A Resolution of New Keynesian Puzzles and Paradoxes," Working Papers gueconwpa~19-19-05, Georgetown University, Department of Economics.
    8. Jeffrey R. Campbell & Jacob P. Weber, 2018. "Discretion Rather than Rules: Equilibrium Uniqueness and Forward Guidance with Inconsistent Optimal Plans," Working Paper Series WP-2018-14, Federal Reserve Bank of Chicago.
    9. Christoffel, Kai & Mazelis, Falk & Montes-Galdón, Carlos & Müller, Tobias, 2020. "Disciplining expectations and the forward guidance puzzle," Working Paper Series 2424, European Central Bank.
    10. Leon Podkaminer, 2021. "Dynamic Stochastic General Equilibrium: macroeconomics at a dead end," Bank i Kredyt, Narodowy Bank Polski, vol. 52(2), pages 97-122.
    11. Jeffrey R. Campbell & Filippo Ferroni & Jonas D. M. Fisher & Leonardo Melosi, 2019. "The limits of forward guidance," Working Paper Series WP-2019-3, Federal Reserve Bank of Chicago.
    12. Gechert, Sebastian & Siebert, Jan, 2022. "Preferences over wealth: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 1297-1317.
    13. Paul Beaudry & Katya Kartashova & Césaire Meh, 2023. "Gazing at r-star: A Hysteresis Perspective," Staff Working Papers 23-5, Bank of Canada.
    14. Lai, Shuying & Qiu, Jing & Tao, Yuechuan & Zhao, Junhua, 2021. "Risk hedging for gas power generation considering power-to-gas energy storage in three different electricity markets," Applied Energy, Elsevier, vol. 291(C).
    15. Petar Peshev, 2023. "Estimation of the Value, Distribution and Concentration of Wealth in Bulgaria, 1995-2020," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 104-129.
    16. Mehrotra, Neil R. & Sergeyev, Dmitriy, 2021. "Debt sustainability in a low interest rate world," Journal of Monetary Economics, Elsevier, vol. 124(S), pages 1-18.
    17. Sebastian Gechert & Jan Siebert, 2019. "Preferences over wealth," IMK Working Paper 200-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    18. Jean-Baptiste Michau & Yoshiyasu Ono & Matthias Schlegl, 2018. "Wealth Preference and Rational Bubbles," CESifo Working Paper Series 7148, CESifo.
    19. Glover, Andrew, 2019. "Aggregate effects of minimum wage regulation at the zero lower bound," Journal of Monetary Economics, Elsevier, vol. 107(C), pages 114-128.
    20. Ansgar Rannenberg, 2019. "Forward guidance with preferences over safe assets," Working Paper Research 364, National Bank of Belgium.

  12. Landais, Camille & Michaillat, Pascal & Saez, Emmanuel, 2018. "A macroeconomic approach to optimal unemployment insurance: applications," LSE Research Online Documents on Economics 88303, London School of Economics and Political Science, LSE Library.

    Cited by:

    1. Guillaume Wilemme, 2017. "Optimal Taxation to Correct Job Mismatching," AMSE Working Papers 1723, Aix-Marseille School of Economics, France.
    2. Ioana Marinescu & Daphne Skandalis & Daniel Zhao, 2021. "The Impact of the Federal Pandemic Unemployment Compensation on Job Search and Vacancy Creation," NBER Working Papers 28567, National Bureau of Economic Research, Inc.
    3. Kohlbrecher, Britta, 2019. "The (ir)relevance of real wage rigidity for optimal monetary policy," FAU Discussion Papers in Economics 07/2019, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
    4. Kory Kroft & Kavan Kucko & Etienne Lehmann & Johannes Friedrich Schmieder, 2017. "Optimal Income Taxation with Unemployment and Wage Responses: A Sufficient Statistics Approach," CESifo Working Paper Series 6686, CESifo.
    5. Karahan, Fatih & Mitman, Kurt & Moore, Brendan, 2019. "Individual and Market-Level Effects of UI Policies: Evidence from Missouri," IZA Discussion Papers 12805, Institute of Labor Economics (IZA).
    6. Emmanuel Saez & Benjamin Schoefer & David Seim, 2019. "Payroll Taxes, Firm Behavior, and Rent Sharing: Evidence from a Young Workers' Tax Cut in Sweden," American Economic Review, American Economic Association, vol. 109(5), pages 1717-1763, May.
    7. Yusuf Mercan & Benjamin Schoefer & Petr Sedláček, 2020. "A Congestion Theory of Unemployment Fluctuations," CESifo Working Paper Series 8731, CESifo.
    8. Hochmuth, Brigitte & Kohlbrecher, Britta & Merkl, Christian & Gartner, Hermann, 2021. "Hartz IV and the decline of German unemployment: A macroeconomic evaluation," Journal of Economic Dynamics and Control, Elsevier, vol. 127(C).
    9. Andreas Haller, Stefan Staubli, Josef Zweimüller, 2020. "Designing Disability Insurance Reforms: Tightening Eligibility Rules or Reducing Benefits?," Cahiers de recherche / Working Papers 5, Institut sur la retraite et l'épargne / Retirement and Savings Institute.
    10. Galecka-Burdziak, Ewa & Góra, Marek & Jessen, Jonas & Jessen, Robin & Kluve, Jochen, 2021. "The Effects of Shortening Potential Benefit Duration: Evidence from Regional Cut-Offs and a Policy Reform," IZA Discussion Papers 14340, Institute of Labor Economics (IZA).
    11. David S. Lee & Pauline Leung & Christopher J. O'Leary & Zhuan Pei & Simon Quach, 2019. "Are Sufficient Statistics Necessary? Nonparametric Measurement of Deadweight Loss from Unemployment Insurance," NBER Working Papers 25574, National Bureau of Economic Research, Inc.
    12. Zweimüller, Josef, 2018. "Unemployment insurance and the labor market," Labour Economics, Elsevier, vol. 53(C), pages 1-14.
    13. Cynthia L. Doniger, 2022. "These Caps Spilleth Over: Equilibrium Effects of Unemployment Insurance," Finance and Economics Discussion Series 2022-074, Board of Governors of the Federal Reserve System (U.S.).
    14. Alisdair McKay & Ricardo Reis, 2016. "Optimal Automatic Stabilizers," Discussion Papers 1618, Centre for Macroeconomics (CFM).
    15. Camarero Garcia, Sebastian & Murmann, Martin, 2020. "Unemployment benefit duration and startup success," ZEW Discussion Papers 20-033, ZEW - Leibniz Centre for European Economic Research.
    16. Elira Kuka, 2018. "Quantifying the Benefits of Social Insurance: Unemployment Insurance and Health," Departmental Working Papers 1808, Southern Methodist University, Department of Economics.
    17. Eyster, Erik & Madarasz, Kristof & Michaillat, Pascal, 2019. "Pricing under Fairness Concerns," Santa Cruz Department of Economics, Working Paper Series qt68z5w8j8, Department of Economics, UC Santa Cruz.
    18. Andreas Hornstein & Marios Karabarbounis & Andre Kurmann & Etienne Lale & Lien Ta, 2023. "Disincentive Effects of Unemployment Insurance Benefits," Working Paper 23-11, Federal Reserve Bank of Richmond.
    19. Giulia Giupponi & Camille Landais, 2023. "Subsidizing Labour Hoarding in Recessions: The Employment and Welfare Effects of Short-time Work," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(4), pages 1963-2005.
    20. Pleninger, Regina, 2022. "Impact of natural disasters on the income distribution," World Development, Elsevier, vol. 157(C).
    21. Fredriksson, Peter & Söderström, Martin, 2020. "The equilibrium impact of unemployment insurance on unemployment: Evidence from a non-linear policy rule," Journal of Public Economics, Elsevier, vol. 187(C).
    22. Abdoulaye Ndiaye & Kyle Herkenhoff & Abdoulaye Cissé & Alessandro Dell'Acqua & Ahmadou A. Mbaye, 2024. "How to Fund Unemployment Insurance with Informality and False Claims: Evidence from Senegal," CESifo Working Paper Series 11271, CESifo.
    23. Xavier Pautrel, 2018. "Environmental Policy and Health in the Presence of Labor Market Imperfections," TEPP Working Paper 2018-09, TEPP.
    24. Kyyrä, Tomi & Pesola, Hanna & Rissanen, Aarne, 2017. "Unemployment Insurance in Finland: A Review of Recent Changes and Empirical Evidence on Behavioral Responses," Research Reports 184, VATT Institute for Economic Research.
    25. Epstein, Brendan & Nunn, Ryan & Orak, Musa & Patel, Elena, 2023. "Taxation, social welfare, and labor market frictions," European Economic Review, Elsevier, vol. 151(C).
    26. Stéphane Auray & Aurélien Eyquem, 2022. "Optimal Unemployment Insurance in a THANK Model," Working Papers hal-03652789, HAL.
    27. Ken-ichi Hashimoto & Yoshiyasu Ono & Matthias Schlegl, 2020. "Structural Unemployment, Underemployment, and Secular Stagnation," ISER Discussion Paper 1088r, Institute of Social and Economic Research, The University of Osaka, revised Mar 2021.
    28. Birinci, Serdar & Karahan, Fatih & Mercan, Yusuf & See, Kurt, 2021. "Labor market policies during an epidemic," Journal of Public Economics, Elsevier, vol. 194(C).
    29. Pawel Borys & Pawel Doligalski & Pawel Kopiec, 2021. "The Quantitative Importance of Technology and Demand Shocks for Unemployment Fluctuations in a Shopping Economy," Bristol Economics Discussion Papers 21/743, School of Economics, University of Bristol, UK.
    30. Edwyna Harris & Sumner La Croix, 2020. "South Australia’s Employment Relief Program for Assisted Immigrants: Promises and Reality, 1838-1843," Working Papers 202008, University of Hawaii at Manoa, Department of Economics.
    31. Steven Dieterle & Otavio Bartalotti & Quentin Brummet, 2016. "Revisiting the Effects of Unemployment Insurance Extensions on Unemployment: A Measurement Error-Corrected Regression Discontinuity Approach," Edinburgh School of Economics Discussion Paper Series 268, Edinburgh School of Economics, University of Edinburgh.
    32. Alexander Ahammer & Analisa Packham, 2020. "Dying to Work: Effects of Unemployment Insurance on Health," Economics working papers 2020-09, Department of Economics, Johannes Kepler University Linz, Austria.
    33. Ferey, Antoine, 2022. "Redistribution and Unemployment Insurance," Rationality and Competition Discussion Paper Series 345, CRC TRR 190 Rationality and Competition.
    34. Yavuz Arslan & Ahmet Degerli & Gazi Kabas, 2019. "Unintended Consequences of Unemployment Insurance Benefits: The Role of Banks," Swiss Finance Institute Research Paper Series 19-44, Swiss Finance Institute.
    35. Gerritsen, Aart, 2017. "Equity and efficiency in rationed labor markets," Journal of Public Economics, Elsevier, vol. 153(C), pages 56-68.
    36. Scott, Dana & Finamor, Lucas, 2020. "Employment Effects of Unemployment Insurance Generosity During the Pandemic," MPRA Paper 102390, University Library of Munich, Germany.
    37. Serdar Birinci, 2019. "Spousal Labor Supply Response to Job Displacement and Implications for Optimal Transfers," Working Papers 2019-020, Federal Reserve Bank of St. Louis, revised Jan 2024.
    38. Desmond Toohey, 2021. "The effects of unemployment insurance in late career: Evidence from Social Security offsets," Southern Economic Journal, John Wiley & Sons, vol. 88(2), pages 628-648, October.
    39. Tomaz Cajner & İlhan Güner & Toshihiko Mukoyama, 2025. "Gross Worker Flows over the Life Cycle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(4), pages 757-791, June.
    40. Kory Kroft & Fabian Lange & Matthew J. Notowidigdo & Matthew Tudball, 2019. "Long Time Out: Unemployment and Joblessness in Canada and the United States," Journal of Labor Economics, University of Chicago Press, vol. 37(S2), pages 355-397.
    41. Serdar Birinci & Kurt Gerrard See, 2018. "How Should Unemployment Insurance vary over the Business Cycle?," 2018 Meeting Papers 69, Society for Economic Dynamics.
    42. Pérez Pérez Jorge, 2022. "City Minimum Wages and Spatial Equilibrium Effects," Working Papers 2022-04, Banco de México.
    43. Cynthia Doniger, 2023. "Wage Dispersion with Heterogeneous Wage Contracts," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 138-160, December.
    44. Conny Wunsch & Véra Zabrodina, 2023. "Unemployment Insurance with Response Heterogeneity," CESifo Working Paper Series 10704, CESifo.
    45. Mitman, Kurt & Rabinovich, Stanislav, 2021. "Whether, When and How to Extend Unemployment Benefits: Theory and Application to COVID-19," IZA Discussion Papers 14085, Institute of Labor Economics (IZA).
    46. Pei, Yun & Xie, Zoe, 2022. "Timing and time inconsistency in search models," Economics Letters, Elsevier, vol. 220(C).
    47. Benzarti, Youssef & Harju, Jarkko, 2021. "Can payroll tax cuts help firms during recessions?," Journal of Public Economics, Elsevier, vol. 200(C).
    48. Pora, Pierre & Wilner, Lionel, 2020. "A decomposition of labor earnings growth: Recovering Gaussianity?," Labour Economics, Elsevier, vol. 63(C).
    49. Ignaszak, Marek & Jung, Philip & Kuester, Keith, 2020. "Federal Unemployment Reinsurance and Local Labor-Market Policies," IZA Discussion Papers 13886, Institute of Labor Economics (IZA).
    50. Arindrajit Dube, 2021. "Aggregate Employment Effects of Unemployment Benefits During Deep Downturns: Evidence from the Expiration of the Federal Pandemic Unemployment Compensation," NBER Working Papers 28470, National Bureau of Economic Research, Inc.
    51. Peter Ganong & Fiona Greig & Pascal Noel & Daniel M. Sullivan & Joseph Vavra, 2024. "Spending and Job-Finding Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data," American Economic Review, American Economic Association, vol. 114(9), pages 2898-2939, September.
    52. Mishel Ghassibe & Francesco Zanetti, 2022. "State Dependence of Fiscal Multipliers: the Source of Fluctuations Matters," BCAM Working Papers 2204, Birkbeck Centre for Applied Macroeconomics.
    53. Karahan, Fatih & Mitman, Kurt & Moore, Brendan, 2022. "Micro and Macro Effects of UI Policies: Evidence from Missouri," CEPR Discussion Papers 14158, C.E.P.R. Discussion Papers.
    54. James Roumasset, 2020. "Clubs, Coase, and the Role of Government," Working Papers 202007, University of Hawaii at Manoa, Department of Economics.
    55. Patrick J. Conway, 2022. "Unemployment insurance programs and the choice to leave the labor force," Southern Economic Journal, John Wiley & Sons, vol. 88(4), pages 1373-1400, April.
    56. Duha T. Altindag & Bahadіr Dursun & Elif S. Filiz, 2022. "The effect of education on unemployment duration," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 21-42, January.
    57. Yavuz Arslan & Ahmet Degerli & Bulent Guler & Burhanettin Kurusçu, 2024. "Unemployment Insurance and Macro-Financial (In)Stability," Finance and Economics Discussion Series 2024-087, Board of Governors of the Federal Reserve System (U.S.).
    58. Alzate,David & Eliana Carranza & Duran-Franch,Joana & Truman G. Packard & Celina Proffen, 2024. "How Regulations Impact the Labor Market : A Review of the Literatures on Product and Labor Market Regulations," Policy Research Working Paper Series 10961, The World Bank.
    59. Landais, Camille & Giupponi, Giulia & Lapeyre, Alice, 2021. "Should We Insure Workers or Jobs During Recessions?," CEPR Discussion Papers 16421, C.E.P.R. Discussion Papers.
    60. Fackler, Daniel & Stegmaier, Jens & Weigt, Eva, 2019. "Does extended unemployment benefit duration ameliorate the negative employment effects of job loss?," Labour Economics, Elsevier, vol. 59(C), pages 123-138.
    61. Serdar Birinci & Kurt See, 2024. "The Implications of Labor Market Heterogeneity on Unemployment Insurance Design," Working Papers 2024-026, Federal Reserve Bank of St. Louis, revised 18 Nov 2024.
    62. Serdar Birinci & Kurt See, 2019. "Labor Market Responses to Unemployment Insurance: The Role of Heterogeneity," Working Papers 2019-022, Federal Reserve Bank of St. Louis, revised Nov 2021.
    63. Michaillat, Pascal & Saez, Emmanuel, 2019. "Beveridgean Unemployment Gap," CEPR Discussion Papers 14132, C.E.P.R. Discussion Papers.
    64. Pizzo, Alessandra & Villena-Roldán, Benjamin, 2024. "Labor markets, wage Inequality, and hiring selection," MPRA Paper 120281, University Library of Munich, Germany.
    65. Tomer Ifergane, 2022. "Time to Say Goodbye: The Macroeconomic Implications of Termination Notice," Discussion Papers 2212, Centre for Macroeconomics (CFM).
    66. Thomas Dengler & Britta Gehrke, 2022. "Short-Time Work and Precautionary Savings," CESifo Working Paper Series 9873, CESifo.
    67. Erhan Bayraktar & Indrajit Mitra & Jingjie Zhang, 2024. "Countercyclical unemployment benefits: a general equilibrium analysis of transition dynamics," Mathematics and Financial Economics, Springer, volume 18, number 3, December.
    68. Javier López Segovia, 2023. "Consumption Commitments and Unemployment Insurance," CRC TR 224 Discussion Paper Series crctr224_2023_458, University of Bonn and University of Mannheim, Germany.
    69. Spinnewijn, Johannes, 2020. "The trade-off between insurance and incentives in differentiated unemployment policies," LSE Research Online Documents on Economics 104718, London School of Economics and Political Science, LSE Library.
    70. Lee, Kangoh, 2022. "Unemployment insurance, mobile capital, output, and distributive effects," Economic Modelling, Elsevier, vol. 115(C).
    71. Joaquín Herrera & Martin González-Rozada & Hernan Ruffo, 2025. "The Fiscal Costs of Unemployment Insurance," Department of Economics Working Papers 2025_09, Universidad Torcuato Di Tella.
    72. Sebastian Camarero Garcia & Martin Murmann, 2025. "How unemployment benefit duration shapes startup motivation and growth," Small Business Economics, Springer, vol. 64(4), pages 1565-1600, April.
    73. Boadway,Robin & Cuff,Katherine, 2022. "Tax Policy," Cambridge Books, Cambridge University Press, number 9781108949453, Enero-Abr.
    74. Philipp Mohl & Gilles Mourre & Klara Stovicek, 2019. "Automatic Fiscal Stabilisers in the EU: Size and Effectiveness," European Economy - Economic Briefs 045, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    75. Martin Gonzalez-Rozada & Hernan Ruffo, 2022. "The welfare effects of unemployment insurance in Argentina. New estimates using changes in the schedule of transfers," Papers 2202.01844, arXiv.org.
    76. Stähler, Nikolai & Moyen, Stephane & Winkler, Fabian, 2016. "Optimal Unemployment Insurance and International Risk Sharing," VfS Annual Conference 2016 (Augsburg): Demographic Change 145612, Verein für Socialpolitik / German Economic Association.
    77. Sainsbury, Tristram & Breunig, Robert & Watson, Timothy, 2022. "COVID-19 Private Pension Withdrawals and Unemployment Tenures," IZA Discussion Papers 15399, Institute of Labor Economics (IZA).
    78. Pei, Yun & Xie, Zoe, 2021. "A quantitative theory of time-consistent unemployment insurance," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 848-870.
    79. Cai, Zhifeng & Heathcote, Jonathan, 2023. "The Great Resignation and Optimal Unemployment Insurance," CEPR Discussion Papers 18526, C.E.P.R. Discussion Papers.
    80. Zamanzadeh, Akbar & Chan, Marc K. & Ehsani, Mohammad Ali & Ganjali, Mojtaba, 2020. "Unemployment duration, Fiscal and monetary policies, and the output gap: How do the quantile relationships look like?," Economic Modelling, Elsevier, vol. 91(C), pages 613-632.
    81. Huang, Po-Chun & Yang, Tzu-Ting, 2016. "Evaluation of optimal unemployment insurance with reemployment bonuses using regression discontinuity (kink) design," CLEF Working Paper Series 2, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    82. Dami'an Vergara, 2022. "Minimum Wages and Optimal Redistribution," Papers 2202.00839, arXiv.org, revised Dec 2022.
    83. Guo, Audrey, 2020. "The Effects of Unemployment Insurance Taxation on Multi-Establishment Firms," MPRA Paper 97919, University Library of Munich, Germany.
    84. Edwyna Harris & Sumner La Croix, 2020. "South Australia’s Employment Relief Program for Assisted Immigrants: Promises and Reality, 1838-1843," CEH Discussion Papers 03, Centre for Economic History, Research School of Economics, Australian National University.
    85. Landais, Camille & Giupponi, Giulia, 2018. "Subsidizing Labor Hoarding in Recessions: The Employment & Welfare Effects of Short Time Work," CEPR Discussion Papers 13310, C.E.P.R. Discussion Papers.

  13. Michaillat, Pascal & Akerlof, George, 2017. "Beetles: Biased Promotions and Persistence of False Belief," CEPR Discussion Papers 12514, C.E.P.R. Discussion Papers.

    Cited by:

    1. Alexander Frankel & Maximilian Kasy, 2022. "Which Findings Should Be Published?," American Economic Journal: Microeconomics, American Economic Association, vol. 14(1), pages 1-38, February.
    2. Timothy Perri, 2018. "Economics of evaluation (with special reference to promotion and tenure committees)," Economics of Governance, Springer, vol. 19(1), pages 1-19, February.

  14. Erik Eyster & Kristof Madarasz & Pascal Michaillat, 2017. "Pricing when Customers Care about Fairness but Misinfer Markups," NBER Working Papers 23778, National Bureau of Economic Research, Inc.

    Cited by:

    1. Gabaix, Xavier, 2018. "Behavioral Inattention," CEPR Discussion Papers 13268, C.E.P.R. Discussion Papers.
    2. David Chavanne & Zak Danz & Jitu Dribssa & Rachel Powell & Matthew Sambor, 2022. "Context and the Perceived Fairness of Price Increases Coming out of COVID‐19," Social Science Quarterly, Southwestern Social Science Association, vol. 103(1), pages 55-68, January.
    3. Pooya Molavi, 2019. "Macroeconomics with Learning and Misspecification: A General Theory and Applications," 2019 Meeting Papers 1584, Society for Economic Dynamics.
    4. Tuomas Kosonen & Youssef Benzarti & Dorian Carloni & Jarkko Harju, 2017. "What Goes Up May Not Come Down: Asymmetric Incidence of Value-Added Taxes," Working Papers 317, Työn ja talouden tutkimus LABORE, The Labour Institute for Economic Research LABORE.
    5. Michael Luca & Oren Reshef, 2020. "The Effect of Price on Firm Reputation," NBER Working Papers 27405, National Bureau of Economic Research, Inc.

  15. Michaillat, Pascal & Saez, Emmanuel, 2016. "The Optimal Use of Government Purchases for Stabilization," CEPR Discussion Papers 11577, C.E.P.R. Discussion Papers.

    Cited by:

    1. Pablo D Fajgelbaum & Eduardo Morales & Juan Carlos Suárez Serrato & Owen Zidar, 2019. "State Taxes and Spatial Misallocation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(1), pages 333-376.
    2. Sanjay K. Chugh & Wolfgang Lechthaler & Christian Merkl, 2018. "Optimal Fiscal Policy with Labor Selection," CESifo Working Paper Series 7120, CESifo.
    3. Landais, Camille & Michaillat, Pascal & Saez, Emmanuel, 2018. "A macroeconomic approach to optimal unemployment insurance: theory," LSE Research Online Documents on Economics 88304, London School of Economics and Political Science, LSE Library.
    4. Xu, Kun & Xu, Wenli, 2015. "中国政府消费支出对经济波动的传导机理分析 [Study on Influential Mechanism Between Government Expenditure of Consumption and Economic Fluctuation]," MPRA Paper 70994, University Library of Munich, Germany, revised Dec 2015.
    5. Giorgio Motta & Raffaele Rossi, 2019. "Optimal Fiscal Policy with Consumption Taxation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(1), pages 139-161, February.

  16. Pascal Michaillat & Emmanuel Saez, 2015. "The Optimal Use of Government Purchases for Macroeconomic Stabilization," Discussion Papers 1515, Centre for Macroeconomics (CFM).

    Cited by:

    1. Pablo D Fajgelbaum & Eduardo Morales & Juan Carlos Suárez Serrato & Owen Zidar, 2019. "State Taxes and Spatial Misallocation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(1), pages 333-376.
    2. Sanjay K. Chugh & Wolfgang Lechthaler & Christian Merkl, 2018. "Optimal Fiscal Policy with Labor Selection," CESifo Working Paper Series 7120, CESifo.
    3. Landais, Camille & Michaillat, Pascal & Saez, Emmanuel, 2018. "A macroeconomic approach to optimal unemployment insurance: theory," LSE Research Online Documents on Economics 88304, London School of Economics and Political Science, LSE Library.
    4. Xu, Kun & Xu, Wenli, 2015. "中国政府消费支出对经济波动的传导机理分析 [Study on Influential Mechanism Between Government Expenditure of Consumption and Economic Fluctuation]," MPRA Paper 70994, University Library of Munich, Germany, revised Dec 2015.

  17. Erik Eyster & Kristof Madarasz & Pascal Michaillat, 2015. "Preferences for Fair Prices, Cursed Inferences, and the Nonneutrality of Money," CEP Discussion Papers dp1325, Centre for Economic Performance, LSE.

    Cited by:

    1. Stéphane Dupraz, 2024. "A Kinked‐Demand Theory of Price Rigidity," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(2-3), pages 325-363, March.
    2. Olivier Coibion & Yuriy Gorodnichenko & Rupal Kamdar, 2017. "The Formation of Expectations, Inflation and the Phillips Curve," NBER Working Papers 23304, National Bureau of Economic Research, Inc.
    3. Alessandro Ispano & Peter Schwardmann, 2018. "Competition over Cursed Consumers," CESifo Working Paper Series 7046, CESifo.
    4. Xavier Gabaix, 2016. "A Behavioral New Keynesian Model," NBER Working Papers 22954, National Bureau of Economic Research, Inc.

  18. Pascal Michaillat & Emmanuel Saez, 2014. "Aggregate Demand, Idle Time, and Unemployment," Discussion Papers 1419, Centre for Macroeconomics (CFM).

    Cited by:

    1. Kory Kroft & Kavan Kucko & Etienne Lehmann & Johannes Friedrich Schmieder, 2017. "Optimal Income Taxation with Unemployment and Wage Responses: A Sufficient Statistics Approach," CESifo Working Paper Series 6686, CESifo.
    2. Schlenker, Oliver, 2024. "The deadly consequences of labor scarcity: Evidence from hospitals," Working Papers 42, University of Konstanz, Cluster of Excellence "The Politics of Inequality. Perceptions, Participation and Policies".
    3. Pascal Michaillat & Emmanuel Saez & Camille Landais, 2011. "Optimal Unemployment Insurance over the Business Cycle," 2011 Meeting Papers 124, Society for Economic Dynamics.
    4. Pawel Krolikowski & Andrew H. McCallum, 2016. "Goods-Market Frictions and International Trade," Working Papers (Old Series) 1635, Federal Reserve Bank of Cleveland.
    5. Fernández-Villaverde, Jesús & Mandelman, Federico & Zanetti, Francesco & Yu, Yang, 2021. "The ``Matthew Effect'' and Market Concentration: Search Complementarities and Monopsony Power," CEPR Discussion Papers 15788, C.E.P.R. Discussion Papers.
    6. Hashmat Khan & Sergio Lago Alves, 2025. "Are New Keynesian Models Useful When Trend Inflation is Not Very Low?," Carleton Economic Papers 25-01, Carleton University, Department of Economics.
    7. Fernández-Villaverde, Jesús & Yu, Yang & Zanetti, Francesco, 2024. "Technological Synergies, Heterogeneous Firms, and Idiosyncratic Volatility," CEPR Discussion Papers 18899, C.E.P.R. Discussion Papers.
    8. Jesus Fernandez-Villaverde & Francesco Zanetti & Federico Mandelman & Yang Yu, 2019. "Search Complementarities, Aggregate Fluctuations, and Fiscal Policy," Economics Series Working Papers 880, University of Oxford, Department of Economics.
    9. Denderski, Piotr & Sniekers, Florian, 2021. "Declining Search Frictions and Type-of-Employment Choice," Discussion Paper 2021-010, Tilburg University, Center for Economic Research.
    10. Xiwen Bai & Jesús Fernández-Villaverde & Yiliang Li & Francesco Zanetti, 2024. "The Causal Effects of Global Supply Chain Disruptions on Macroeconomic Outcomes: Evidence and Theory," CESifo Working Paper Series 10930, CESifo.
    11. Pascal Michaillat, 2024. "Modeling Migration-Induced Unemployment," NBER Working Papers 33047, National Bureau of Economic Research, Inc.
    12. Robertas Zubrickas, 2020. "Contingent wage subsidy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(4), pages 1105-1119, August.
    13. Shogo Ogawa, 2022. "Neoclassical stability and Keynesian instability: A two‐sector disequilibrium approach," Metroeconomica, Wiley Blackwell, vol. 73(2), pages 481-513, May.
    14. Epstein, Brendan & Nunn, Ryan & Orak, Musa & Patel, Elena, 2023. "Taxation, social welfare, and labor market frictions," European Economic Review, Elsevier, vol. 151(C).
    15. Ken-ichi Hashimoto & Yoshiyasu Ono & Matthias Schlegl, 2020. "Structural Unemployment, Underemployment, and Secular Stagnation," ISER Discussion Paper 1088r, Institute of Social and Economic Research, The University of Osaka, revised Mar 2021.
    16. Bihemo Kimasa & Leo Kaas, 2016. "Firm dynamics with frictional product and labor markets," 2016 Meeting Papers 1033, Society for Economic Dynamics.
    17. Pascal Michaillat & Emmanuel Saez, 2014. "An Economical Business-Cycle Model," NBER Working Papers 19777, National Bureau of Economic Research, Inc.
    18. Auerbach, Alan J. & Gorodnichenko, Yuriy & Murphy, Daniel, 2021. "Inequality, fiscal policy and COVID19 restrictions in a demand-determined economy," European Economic Review, Elsevier, vol. 137(C).
    19. Alan Auerbach & Yuriy Gorodnichenko & Daniel Murphy, 2020. "Local Fiscal Multipliers and Fiscal Spillovers in the USA," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(1), pages 195-229, March.
    20. Pérez Pérez Jorge, 2022. "City Minimum Wages and Spatial Equilibrium Effects," Working Papers 2022-04, Banco de México.
    21. Ogawa, Shogo, 2019. "Effective Demand and Quantity Constrained Growth: A Simple Two-Sector Disequilibrium Approach," MPRA Paper 93336, University Library of Munich, Germany.
    22. Chipeta Chama & Meyer Daniel Francois & Muzindutsi Paul-Francois, 2017. "The Effect of Exchange Rate Movements and Economic Growth on Job Creation," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 62(2), pages 20-41, August.
    23. Stefanadis, Christodoulos, 2023. "Oligarchy, underutilized capacity, and government policy," European Economic Review, Elsevier, vol. 160(C).
    24. Pablo Ottonello, 2015. "Capital Unemployment, Financial Shocks, and Investment Slumps," 2015 Meeting Papers 1153, Society for Economic Dynamics.
    25. Balleer, Almut & Noeller, Marvin, 2023. "Monetary policy in the presence of supply constraints: Evidence from German firm-level data," Ruhr Economic Papers 1060, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    26. Ogawa, Shogo, 2021. "One Suggestion for Microfoundation of Non-Walrasian Disequilibrium Macroeconomics: Matching Theory with Dual Decision," MPRA Paper 106636, University Library of Munich, Germany.
    27. Gottfries, Nils & Stadin, Karolina, 2016. "The Matching Process: Search or Mismatch," Ratio Working Papers 279, The Ratio Institute.
    28. Mountford, Andrew & Wadsworth, Jonathan, 2023. "‘Good jobs’, training and skilled immigration," LSE Research Online Documents on Economics 118784, London School of Economics and Political Science, LSE Library.
    29. Russell Wong & Guillaume Rocheteau & Zachary Bethune, 2017. "Unemployment, Aggregate Demand, and the Distribution of Liquidity," 2017 Meeting Papers 760, Society for Economic Dynamics.
    30. Corsetti, Giancarlo & Brendon, Charles, 2016. "COEURE Survey: Fiscal and Monetary Policies after the Crises," CEPR Discussion Papers 11088, C.E.P.R. Discussion Papers.
    31. Mishel Ghassibe & Francesco Zanetti, 2022. "State Dependence of Fiscal Multipliers: the Source of Fluctuations Matters," BCAM Working Papers 2204, Birkbeck Centre for Applied Macroeconomics.
    32. Kopiec, Paweł, 2022. "The government spending multiplier in the Heterogeneous Agent New Keynesian model," European Economic Review, Elsevier, vol. 145(C).
    33. Pascal Michaillat & Emmanuel Saez, 2015. "The Optimal Use of Government Purchases for Stabilization," NBER Working Papers 21322, National Bureau of Economic Research, Inc.
    34. Ogawa, Shogo, 2022. "Capital and inventory investments under quantity constraints: A microfounded Metzlerian model," MPRA Paper 111906, University Library of Munich, Germany.
    35. Dennis Egger & Johannes Haushofer & Edward Miguel & Paul Niehaus & Michael W. Walker, 2019. "General Equilibrium Effects of Cash Transfers: Experimental Evidence from Kenya," NBER Working Papers 26600, National Bureau of Economic Research, Inc.
    36. Alan J. Auerbach & Yuriy Gorodnichenko & Peter McCrory & Daniel Murphy, 2021. "Fiscal Multipliers in the COVID19 Recession," NBER Working Papers 29531, National Bureau of Economic Research, Inc.
    37. Alan J. Auerbach & Yuriy Gorodnichenko & Daniel Murphy, 2019. "Macroeconomic Frameworks," NBER Working Papers 26365, National Bureau of Economic Research, Inc.
    38. Nopphol Witvorapong & Chak Hung Jack Cheng, 2024. "Health care policy uncertainty and state-level employment," Empirical Economics, Springer, vol. 66(6), pages 2501-2532, June.
    39. Garibaldi, Pietro & Gomes, Pedro Maia & Sopraseuth, Thepthida, 2019. "Public Employment Redux," IZA Discussion Papers 12871, Institute of Labor Economics (IZA).
    40. Stadin, Karolina, 2015. "Firms’ employment dynamics and the state of the labor market," Working Paper Series 2015:20, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    41. Michaillat, Pascal & Saez, Emmanuel, 2015. "The optimal use of government purchases for macroeconomic stabilization," LSE Research Online Documents on Economics 87160, London School of Economics and Political Science, LSE Library.
    42. Guidon Fenig & Luba Petersen, 2017. "Distributing scarce jobs and output: experimental evidence on the dynamic effects of rationing," Experimental Economics, Springer;Economic Science Association, vol. 20(3), pages 707-735, September.
    43. Murphy, Daniel, 2017. "Excess capacity in a fixed-cost economy," European Economic Review, Elsevier, vol. 91(C), pages 245-260.
    44. Mei Dong & Toshiaki Shoji & Yuki Teranishi, 2021. "Product Cycles and Prices: a Search Foundation," Working Papers e161, Tokyo Center for Economic Research.
    45. Roger E A Farmer, 2020. "The importance of beliefs in shaping macroeconomic outcomes," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 36(3), pages 675-711.
    46. Paweł Borys & Paweł Doligalski & Paweł Kopiec, 2018. "Labor market institutions in a shopping economy," NBP Working Papers 275, Narodowy Bank Polski.
    47. Coibion, Olivier & Gorodnichenko, Yuriy & Koustas, Dmitri, 2022. "Consumption Inequality and the Frequency of Purchases," Department of Economics, Working Paper Series qt5jm2t8tx, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    48. Pascal Michaillat & Emmanuel Saez, 2024. "Beveridgean Phillips Curve," Papers 2401.12475, arXiv.org, revised Oct 2024.
    49. Michaillat, Pascal & Saez, Emmanuel, 2024. "Has the Recession Started?," Santa Cruz Department of Economics, Working Paper Series qt0h0295t7, Department of Economics, UC Santa Cruz.
    50. Yıldırım Mustafa Ozan & Yıldırım Ahmet Eren, 2017. "The Influence of Consumption and Investment on Unemployment in Turkey: A Svar Approach," Ekonomika (Economics), Sciendo, vol. 96(1), pages 74-92, January.
    51. Stefan Eriksson & Karolina Stadin, 2017. "What are the determinants of hiring? The importance of product market demand and search frictions," Applied Economics, Taylor & Francis Journals, vol. 49(50), pages 5144-5165, October.
    52. Luba Petersen & Guidon Fenig, 2015. "Distributing scarce jobs and output: Experimental evidence on the effects of rationing," Discussion Papers dp15-02, Department of Economics, Simon Fraser University.
    53. Daniel Murphy & Eric Young, 2020. "Government Debt Limits and Stabilization Policy," Working Papers 20-23, Federal Reserve Bank of Cleveland.
    54. Gantert, Konstantin, 2022. "The Impact of Active Aggregate Demand on Utilization-Adjusted TFP," VfS Annual Conference 2022 (Basel): Big Data in Economics 264103, Verein für Socialpolitik / German Economic Association.
    55. Kopiec, Pawel, 2019. "Household Heterogeneity and the Value of Government Spending Multiplier: an Analytical Characterization," MPRA Paper 93499, University Library of Munich, Germany.
    56. Pascal Michaillat, 2025. "Early and Accurate Recession Detection Using Classifiers on the Anticipation-Precision Frontier," NBER Working Papers 34015, National Bureau of Economic Research, Inc.
    57. Focacci, Antonio, 2017. "Controversial curves of the economy: An up-to-date investigation of long waves," Technological Forecasting and Social Change, Elsevier, vol. 116(C), pages 271-285.
    58. Ogawa, Shogo, 2024. "Perceived and expected quantity constraints in inventory dynamics," MPRA Paper 120629, University Library of Munich, Germany.
    59. Martin S. Eichenbaum, 2015. "Comment," NBER Macroeconomics Annual, University of Chicago Press, vol. 29(1), pages 129-145.
    60. Paweł Kopiec, 2023. "Frictional product market, supply chains and the impact of government expenditures on private consumption," Bank i Kredyt, Narodowy Bank Polski, vol. 54(3), pages 285-308.
    61. Zhen Huo & Jose-Victor Rios-Rull, 2020. "Demand Induced Fluctuations," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 99-117, August.
    62. Gantert, Konstantin, 2022. "The impact of active aggregate demand on utilisation-adjusted TFP," IWH Discussion Papers 9/2022, Halle Institute for Economic Research (IWH).
    63. Paweł Kopiec, 2022. "A Theory of The Procyclical Effectiveness of Forward Guidance," KAE Working Papers 2022-081, Warsaw School of Economics, Collegium of Economic Analysis.
    64. Birchenall, Javier A., 2024. "A competitive theory of mismatch," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
    65. Ogawa, Shogo, 2022. "Survey of non-Walrasian disequilibrium economic theory," MPRA Paper 115011, University Library of Munich, Germany.
    66. Sergio Lago Alves & Hashmat Khan, 2024. "Are New Keynesian Models Useful When Trend Inflation is Not Low?," Working Papers 24-08, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management, revised Aug 2024.
    67. Piotr Denderski & Florian Sniekers, 2024. "Declining Search Frictions, Unemployment and Self-Employment," The Economic Journal, Royal Economic Society, vol. 134(659), pages 1100-1145.
    68. Murakami, Hiroki, 2018. "Existence and uniqueness of growth cycles in post Keynesian systems," Economic Modelling, Elsevier, vol. 75(C), pages 293-304.

  19. Erik Eyster & Kristof Madarasz & Pascal Michaillat, 2014. "The Curse of Inflation," Discussion Papers 1430, Centre for Macroeconomics (CFM).

    Cited by:

    1. Pascal Michaillat & Emmanuel Saez, 2014. "An Economical Business-Cycle Model," NBER Working Papers 19777, National Bureau of Economic Research, Inc.

  20. Michaillat, Pascal, 2014. "A theory of countercyclical government multiplier," LSE Research Online Documents on Economics 50247, London School of Economics and Political Science, LSE Library.

    Cited by:

    1. Michau, Jean-Baptiste, 2025. "Fiscal policy under secular stagnation: An optimal pump-priming strategy," Journal of Economic Dynamics and Control, Elsevier, vol. 175(C).
    2. Mario Alloza, 2017. "Is fiscal policy more effective in uncertain times or during recessions?," Working Papers 1730, Banco de España.
    3. KLEIN, Mathias & POLATTIMUR, Hamza & WINKLER, Roland, 2020. "Fiscal spending multipliers over the household leverage cycle," Working Papers 2020007, University of Antwerp, Faculty of Business and Economics.
    4. Feng, Shuaizhang & Guo, Naijia, 2021. "Labor market dynamics in urban China and the role of the state sector," Journal of Comparative Economics, Elsevier, vol. 49(4), pages 918-932.
    5. Matteo Salto, 2016. "Fiscal Policy after the Crisis – Workshop Proceedings," European Economy - Discussion Papers 035, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    6. Idriss Fontaine & Ismael Galvez-Iniesta & Pedro Gomes & Diego Vila-Martin, 2019. "Labour market flows : Accounting for the public sector," Working Papers hal-02334064, HAL.
    7. Luca Metelli & Kevin Pallara, 2020. "Fiscal space and the size of the fiscal multiplier," Temi di discussione (Economic working papers) 1293, Bank of Italy, Economic Research and International Relations Area.
    8. Richard McManus & F. Gulcin Ozkan & Dawid Trzeciakiewicz, 2021. "Why are Fiscal Multipliers Asymmetric? The Role of Credit Constraints," Economica, London School of Economics and Political Science, vol. 88(349), pages 32-69, January.
    9. Marco Bernardini & Gert Peersman, 2015. "Private Debt Overhang And The Government Spending Multiplier: Evidence For The United States," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 15/901, Ghent University, Faculty of Economics and Business Administration.
    10. Efrem Castelnuovo & Guay Lim, 2018. "What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers," CAMA Working Papers 2018-59, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    11. Mr. Shafik Hebous & Tom Zimmermann, 2016. "Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement," IMF Working Papers 2016/060, International Monetary Fund.
    12. Fotiou, Alexandra, 2022. "Non-linearities in fiscal policy: The role of debt," European Economic Review, Elsevier, vol. 150(C).
    13. Amélie Barbier‐Gauchard & Thierry Betti, 2021. "Spillover effects of fiscal policy in a monetary union: Why do fiscal instruments matter?," Bulletin of Economic Research, Wiley Blackwell, vol. 73(1), pages 1-33, January.
    14. Stéphane Auray & Aurélien Eyquem, 2020. "The Macroeconomic Effects Of Lockdown Policies," SciencePo Working papers Main hal-03389198, HAL.
    15. Christian Glocker & Giulia Sestieri & Pascal Towbin, 2017. "Time-varying fiscal spending multipliers in the UK," Working papers 643, Banque de France.
    16. Boehm, Christoph E., 2020. "Government consumption and investment: Does the composition of purchases affect the multiplier?," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 80-93.
    17. Gomes, Pedro Maia, 2017. "Heterogeneity and the Public Sector Wage Policy," IZA Discussion Papers 11091, Institute of Labor Economics (IZA).
    18. Amélie BARBIER-GAUCHARD & Thierry BETTI & Théo METZ, 2023. "Fiscal multipliers, public debt anchor and government credibility in a behavioural macroeconomic model," Working Papers of BETA 2023-14, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    19. Pascal Michaillat, 2024. "Modeling Migration-Induced Unemployment," NBER Working Papers 33047, National Bureau of Economic Research, Inc.
    20. Kamalyan, Hayk, 2021. "Phase-Dependent Monetary and Fiscal Policy," MPRA Paper 110341, University Library of Munich, Germany.
    21. Valerie A. Ramey, 2019. "Ten Years after the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?," Journal of Economic Perspectives, American Economic Association, vol. 33(2), pages 89-114, Spring.
    22. Julien Albertini & Stéphane Auray & Hafedh Bouakez & Aurélien Eyquem, 2019. "Taking off into the Wind: Unemployment Risk and State-Dependent Government Spending Multipliers," Post-Print halshs-02503455, HAL.
    23. Christoph Boehm & Nitya Pandalai-Nayar, 2020. "Convex Supply Curves," NBER Working Papers 26829, National Bureau of Economic Research, Inc.
    24. Sergeyev, Dmitriy & Miyamoto, Wataru & Nguyen, Thu-Van, 2016. "Government Spending Multipliers under the Zero Lower Bound: Evidence from Japan," CEPR Discussion Papers 11633, C.E.P.R. Discussion Papers.
    25. Michaillat, Pascal & Saez, Emmanuel, 2014. "Aggregate demand, idle time, and unemployment," LSE Research Online Documents on Economics 86338, London School of Economics and Political Science, LSE Library.
    26. Zhao, Ran & He, Pinglin, 2024. "Government spending efficiency, fiscal decentralization and regional innovation capability: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 693-706.
    27. Andri Chassamboulli & Pedro Gomes, 2021. "Jumping the queue: nepotism and public-sector pay," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 344-366, January.
    28. Luisito Bertinelli & Olivier Cardi & Romain Restout, 2018. "Relative Productivity and Search Unemployment in an Open Economy," LIDAM Discussion Papers IRES 2018008, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    29. Kohlbrecher, Britta & Merkl, Christian & Nordmeier, Daniela, 2016. "Revisiting the matching function," FAU Discussion Papers in Economics 06/2016, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
    30. Matthieu Bussière & Laurent Ferrara & Michel Juillard & Daniele Siena, 2017. "Can Fiscal Budget-Neutral Reforms Stimulate Growth? Model-Based Results," Working papers 625, Banque de France.
    31. Andrea Tafuro, 2015. "The Effects of Fiscal Policy on Employment: an Analysis of the Aggregate Evidence," Working Papers 2015: 03, Department of Economics, University of Venice "Ca' Foscari".
    32. Gehrke, Britta & Weber, Enzo, 2018. "Identifying asymmetric effects of labor market reforms," European Economic Review, Elsevier, vol. 110(C), pages 18-40.
    33. Pérez, Javier J. & Rodríguez-Vives, Marta & Depalo, Domenico & Papapetrou, Evangelia & Aouriri, Marie & Campos, Maria M. & Celov, Dmitrij & Pesliakaitė, Jurga & Ramos, Roberto, 2016. "The fiscal and macroeconomic effects of government wages and employment reform," Occasional Paper Series 176, European Central Bank.
    34. Shuaizhang Feng & Naijia Guo, 2019. "Labor Market Dynamics in Urban China and the Role of the State Sector," Working Papers 2019-008, Human Capital and Economic Opportunity Working Group.
    35. Pérez Pérez Jorge & Suher Michael, 2020. "The Efficacy of Hiring Credits in Distressed Areas," Working Papers 2020-05, Banco de México.
    36. Chacko George & Florian Kuhn, 2019. "Business Cycle Implications of Capacity Constraints under Demand Shocks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 94-121, April.
    37. Holden, Steinar & Sparrman, Victoria, 2011. "Do Government Purchases Affect Unemployment?," Memorandum 17/2011, Oslo University, Department of Economics.
    38. Chassamboulli, Andri & Gomes, Pedro, 2023. "Public-sector employment, wages and education decisions," Labour Economics, Elsevier, vol. 82(C).
    39. Mario Di Serio & Matteo Fragetta & Emanuel Gasteiger & Giovanni Melina, 2024. "The Euro Area Government Spending Multiplier in Demand‐ and Supply‐Driven Recessions," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 86(6), pages 1342-1372, December.
    40. Ana Lamo & Enrique Moral-Benito & Javier J. Pérez, 2016. "Does slack influence public and private labour market interactions?," Working Papers 1605, Banco de España.
    41. Bjoern Bruegemann, 2017. "Privately Efficient Wage Rigidity Under Diminishing Returns," 2017 Meeting Papers 978, Society for Economic Dynamics.
    42. Berge, Travis & De Ridder, Maarten & Pfajfar, Damjan, 2021. "When is the fiscal multiplier high? A comparison of four business cycle phases," LSE Research Online Documents on Economics 111517, London School of Economics and Political Science, LSE Library.
    43. Mishel Ghassibe & Francesco Zanetti, 2022. "State Dependence of Fiscal Multipliers: the Source of Fluctuations Matters," BCAM Working Papers 2204, Birkbeck Centre for Applied Macroeconomics.
    44. Yifei Lyu & Eul Noh, 2022. "Cyclical variation in US government spending multipliers," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 831-846, April.
    45. Athanasios Geromichalos & Ioannis Kospentaris, 2020. "The Unintended Consequences of Meritocratic Government Hiring," Working Papers 335, University of California, Davis, Department of Economics.
    46. Shingo Watanabe, 2019. "What Do British Historical Data Tell Us About Government Spending Multipliers?," Economic Inquiry, Western Economic Association International, vol. 57(2), pages 1141-1162, April.
    47. Jesper Lindé & Mathias Trabandt, 2017. "Should We Use Linearised Models to Calculate Fiscal Multipliers?," European Economy - Discussion Papers 064, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    48. Alan J. Auerbach & Yuriy Gorodnichenko & Peter McCrory & Daniel Murphy, 2021. "Fiscal Multipliers in the COVID19 Recession," NBER Working Papers 29531, National Bureau of Economic Research, Inc.
    49. Lucas Navarro & Mauricio Tejada, 2022. "Does Public Sector Employment Buffer the Minimum Wage Effects?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 168-196, January.
    50. Amelie Barbier-Gauchard & Thierry Betti & Theo Metz, 2023. "Fiscal multipliers, public debt anchor and government credibility in a behavioural macroeconomic model," Working Papers 2023.10, International Network for Economic Research - INFER.
    51. Paras Sachdeva & Wasim Ahmad & N. R. Bhanumurthy, 2024. "Public expenditure multiplier across business cycle phases in an emerging economy: new empirical evidence and dimension," Empirical Economics, Springer, vol. 66(1), pages 279-299, January.
    52. Landais, Camille & Michaillat, Pascal & Saez, Emmanuel, 2018. "A macroeconomic approach to optimal unemployment insurance: applications," LSE Research Online Documents on Economics 88303, London School of Economics and Political Science, LSE Library.
    53. Coppola, Gianluigi & Destefanis, Sergio & Di Serio, Mario & Fragetta, Matteo, 2024. "Fiscal multipliers in recession and expansion. An analysis for the Italian regions," Structural Change and Economic Dynamics, Elsevier, vol. 71(C), pages 538-556.
    54. Grimaud, Alex, 2023. "Unemployment Risk and Discretionary Fiscal Spending," Department of Economics Working Paper Series 335, WU Vienna University of Economics and Business.
    55. Yoon J. Jo & Sarah Zubairy, 2022. "State Dependent Government Spending Multipliers: Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations," NBER Working Papers 30025, National Bureau of Economic Research, Inc.
    56. Matthew Knowles, 2023. "Capital Deaccumulation and the Large Persistent Effects of Financial Crises," ECONtribute Discussion Papers Series 218, University of Bonn and University of Cologne, Germany.
    57. Garibaldi, Pietro & Gomes, Pedro Maia & Sopraseuth, Thepthida, 2019. "Public Employment Redux," IZA Discussion Papers 12871, Institute of Labor Economics (IZA).
    58. Eric Sims & Jonathan Wolff, 2013. "The Output and Welfare Effects of Government Spending Shocks over the Business Cycle," NBER Working Papers 19749, National Bureau of Economic Research, Inc.
    59. Biolsi, Christopher, 2017. "Nonlinear effects of fiscal policy over the business cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 78(C), pages 54-87.
    60. Pierpaolo Benigno & Gauti B. Eggertsson, 2023. "It’s Baaack: The Surge in Inflation in the 2020s and the Return of the Non-Linear Phillips Curve," NBER Working Papers 31197, National Bureau of Economic Research, Inc.
    61. Michaillat, Pascal & Saez, Emmanuel, 2015. "The optimal use of government purchases for macroeconomic stabilization," LSE Research Online Documents on Economics 87160, London School of Economics and Political Science, LSE Library.
    62. Andri Chassamboulli & Pedro Gomes, 2018. "Meritocracy, Public-Sector Pay and Human Capital Accumulation," University of Cyprus Working Papers in Economics 08-2018, University of Cyprus Department of Economics.
    63. Thierry Betti & Thomas Coudert, 2022. "How harmful are cuts in public employment and wage in times of high unemployment?," Post-Print hal-03982745, HAL.
    64. Thierry Betti & Thomas Coudert, 2015. "How can the labor market accounts for the effectiveness of fiscal policy over the business cycle?," Working Papers of BETA 2015-16, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    65. Buchheim, Lukas & Watzinger, Martin & Wilhelm, Matthias, 2020. "Job creation in tight and slack labor markets," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 126-143.
    66. Jordan Roulleau-Pasdeloup, 2016. "The Government Spending Multiplier in a Deep Recession," Cahiers de Recherches Economiques du Département d'économie 16.22, Université de Lausanne, Faculté des HEC, Département d’économie.
    67. Marco Amendola & Marcelo C. Pereira, 2025. "Are fiscal multipliers state dependent? Insights from an agent-based model," LEM Papers Series 2025/10, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    68. Osiebuni Collins OBU & Wilfred I. UKPERE, 2022. "The Implications of the Incursion of Cryptocurrency on the Effectiveness of Fiscal Policy," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 23(1), pages 134-150, June.
    69. Rabia Rafique & Asad Nisar & Syed Sadaqat Ali Shah, 2024. "Testing the effects of fiscal policy shocks on output growth in recession and expansion: empirical evidence from developing countries," Economic Change and Restructuring, Springer, vol. 57(3), pages 1-26, June.
    70. Mr. Tidiane Kinda & Andras Lengyel & Kaustubh Chahande, 2022. "Fiscal Multipliers During Pandemics," IMF Working Papers 2022/149, International Monetary Fund.
    71. Patrick Blagrave & Giang Ho & Ksenia Koloskova & Mr. Esteban Vesperoni, 2017. "Fiscal Spillovers: The Importance of Macroeconomic and Policy Conditions in Transmission," IMF Spillover Notes 2017/002, International Monetary Fund.
    72. Dell'Erba, Salvatore & Koloskova, Ksenia & Poplawski-Ribeiro, Marcos, 2018. "Medium-term fiscal multipliers during protracted economic contractions," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 35-52.
    73. Karaki, Mohamad B. & Safieddine, Hadi, 2023. "Do defense news crowd out private investment?," Economics Letters, Elsevier, vol. 233(C).
    74. Gilles Dufrénot & Aurélia Jambois & Laurine Jambois & Guillaume Khayat, 2016. "Regime-Dependent Fiscal Multipliers in the United States," Post-Print hal-01447865, HAL.
    75. Glocker, Christian & Sestieri, Giulia & Towbin, Pascal, 2019. "Time-varying government spending multipliers in the UK," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 180-197.
    76. Feng, Shuaizhang & Guo, Naijia, 2019. "Labor Market Dynamics in Urban China and the Role of the State Sector," IZA Discussion Papers 12170, Institute of Labor Economics (IZA).
    77. Javier J. Perez & Ana Lamo & Enrique Moral-Benito, 2015. "Does Slack Influence Public and Private Labor Market," EcoMod2015 8792, EcoMod.
    78. Viacheslav Sheremirov & Sandra Spirovska, 2019. "Fiscal multipliers in advanced and developing countries: evidence from military spending," Working Papers 19-3, Federal Reserve Bank of Boston.
    79. Bill Dupor & Rodrigo Guerrero, 2021. "The Aggregate And Local Economic Effects Of Government Financed Health Care," Economic Inquiry, Western Economic Association International, vol. 59(2), pages 662-670, April.
    80. Shen, Wenyi & Yang, Shu-Chun S., 2018. "Downward nominal wage rigidity and state-dependent government spending multipliers," Journal of Monetary Economics, Elsevier, vol. 98(C), pages 11-26.
    81. Ziegenbein, Alexander, 2024. "When are tax multipliers large?," Journal of Economic Dynamics and Control, Elsevier, vol. 158(C).
    82. Paweł Kopiec, 2022. "A Theory of The Procyclical Effectiveness of Forward Guidance," KAE Working Papers 2022-081, Warsaw School of Economics, Collegium of Economic Analysis.
    83. Demirel, Ufuk Devrim, 2021. "The short-term effects of tax changes: The role of state dependence," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 918-934.
    84. Andri Chassamboulli & Pedro Gomes, 2019. "Public-Sector Employment, Wages and Human Capital Accumulation," University of Cyprus Working Papers in Economics 07-2019, University of Cyprus Department of Economics.
    85. Valerie A. Ramey & Sarah Zubairy, 2018. "Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data," Journal of Political Economy, University of Chicago Press, vol. 126(2), pages 850-901.
    86. Kim, Wongi, 2023. "Private sector debt overhang and government spending multipliers: Not all debts are alike," European Economic Review, Elsevier, vol. 154(C).
    87. Aursland, Thor Andreas & Frankovic, Ivan & Kanik, Birol & Saxegaard, Magnus, 2020. "State-dependent fiscal multipliers in NORA - A DSGE model for fiscal policy analysis in Norway," Economic Modelling, Elsevier, vol. 93(C), pages 321-353.

  21. Emmanuel Saez & Pascal Michaillat, 2013. "A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters," 2013 Meeting Papers 1216, Society for Economic Dynamics.

    Cited by:

    1. Michaillat, Pascal, 2012. "A Theory of Countercyclical Government-Consumption Multiplier," CEPR Discussion Papers 9052, C.E.P.R. Discussion Papers.
    2. Wouter Den Haan, 2014. "Inventories and the Role of Goods-Market Frictions for Business Cycles," Discussion Papers 1402, Centre for Macroeconomics (CFM).
    3. Ogawa, Shogo, 2021. "One Suggestion for Microfoundation of Non-Walrasian Disequilibrium Macroeconomics: Matching Theory with Dual Decision," MPRA Paper 106636, University Library of Munich, Germany.
    4. Gillman, Max & Benk, Szilard & Csabafi, Tamas, 2023. "Supply-side economics with AS-AD in Ramsey dynamic general equilibrium," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 505-531.
    5. Den Haan, Wouter, 2013. "Inventories and the Role of Goods-Market Frictions for Business Cycles," CEPR Discussion Papers 9628, C.E.P.R. Discussion Papers.
    6. Mirko Abbritti & Tommaso Trani, 2014. "Search and Bargaining in the Product Market and Price Rigidities," Faculty Working Papers 09/14, School of Economics and Business Administration, University of Navarra.

  22. Pascal Michaillat & Emmanuel Saez, 2013. "A Model of Aggregate Demand and Unemployment," CEP Discussion Papers dp1235, Centre for Economic Performance, LSE.

    Cited by:

    1. Pascal Michaillat & Emmanuel Saez & Camille Landais, 2011. "Optimal Unemployment Insurance over the Business Cycle," 2011 Meeting Papers 124, Society for Economic Dynamics.
    2. Ryan Chahrour & Sanjay Chugh & Tristan Potter, 2016. "Searching for Wages in an Estimated Labor Matching Model," School of Economics Working Paper Series 2016-17, LeBow College of Business, Drexel University.
    3. Zhen Huo & Jose-Victor Rios-Rull, 2015. "Tightening Financial Frictions on Households, Recessions, and Price Reallocations," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(1), pages 118-139, January.
    4. Pascal Michaillat & Emmanuel Saez, 2014. "An Economical Business-Cycle Model," NBER Working Papers 19777, National Bureau of Economic Research, Inc.
    5. Huo, Zhen, 2016. "Financial Frictions, Asset Prices, and the Great Recession," CEPR Discussion Papers 11544, C.E.P.R. Discussion Papers.
    6. Charpe, Matthieu & Kühn, Stefan, 2015. "Demand and supply effects of bargaining power shocks," Economic Modelling, Elsevier, vol. 51(C), pages 21-32.

  23. Michaillat, Pascal, 2012. "A Theory of Countercyclical Government-Consumption Multiplier," CEPR Discussion Papers 9052, C.E.P.R. Discussion Papers.

    Cited by:

    1. Jordan Roulleau-Pasdeloup, 2013. "The Productive Government Spending Multiplier, In and Out of The Zero Lower Bound," Working Papers 2013-02, Center for Research in Economics and Statistics.
    2. Jordan Roulleau-Pasdeloup, 2016. "The Government Spending Multiplier in a Deep Recession," Cahiers de Recherches Economiques du Département d'économie 16.22, Université de Lausanne, Faculté des HEC, Département d’économie.
    3. Jordan Roulleau-Pasdeloup, 2014. "Why is the Government Spending Multiplier Larger at the Zero Lower Bound ? Not (Only) Because of the Zero Lower Bound," Working Papers 2014-02, Center for Research in Economics and Statistics.
    4. Annalisa Cristini & Piero Ferri & Anna Maria Variato, 2015. "Search Theories and Aggregate Demand," Review of Economics & Finance, Better Advances Press, Canada, vol. 5, pages 55-65, August.
    5. Shafik Hebous & Tom Zimmermann, 2013. "Cross-Border Effects of Fiscal Consolidations: Estimates Based on Narrative Records," CESifo Working Paper Series 4311, CESifo.
    6. Ricardo Silva & Vitor Manuel Carvalho & Ana Paula Ribeiro, 2013. "How large are fiscal multipliers? A panel-data VAR approach for the Euro area," FEP Working Papers 500, Universidade do Porto, Faculdade de Economia do Porto.

  24. Pascal Michaillat, 2012. "Fiscal Multipliers over the Business Cycle," CEP Discussion Papers dp1115, Centre for Economic Performance, LSE.

    Cited by:

    1. Pascal Michaillat, 2012. "Do Matching Frictions Explain Unemployment? Not in Bad Times," American Economic Review, American Economic Association, vol. 102(4), pages 1721-1750, June.
    2. Andrea Tafuro, 2015. "The Effects of Fiscal Policy on Employment: an Analysis of the Aggregate Evidence," Working Papers 2015: 03, Department of Economics, University of Venice "Ca' Foscari".
    3. Felix Reichling & Charles Whalen, 2015. "The Fiscal Multiplier and Economic Policy Analysis in the United States: Working Paper 2015-02," Working Papers 49925, Congressional Budget Office.
    4. Eduardo Garzón Espinosa & Bibiana Medialdea García & Esteban Cruz Hidalgo, 2021. "Fiscal Policy Approaches: An Inquiring Look From The Modern Monetary Theory," Journal of Economic Issues, Taylor & Francis Journals, vol. 55(4), pages 999-1022, October.
    5. Christophe Blot & Marion Cochard & Jérôme Creel & Bruno Ducoudré & Danielle Schweisguth & Xavier Timbeau, 2014. "Fiscal consolidation in times of crisis: is the sooner really the better?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 159-192.
    6. Christophe Blot & Marion Cochard & Jérôme Creel & Bruno Ducoudre & Danielle Schweisguth & Xavier Timbeau, 2014. "Fiscal Consolidation, Public Debt and Output Dynamics in the Euro Area: lessons from a simple model with time-varying fiscal multipliers," Post-Print hal-03429902, HAL.
    7. Charles J. Whalen & Felix Reichling, 2015. "The Fiscal Multiplier And Economic Policy Analysis In The United States," Contemporary Economic Policy, Western Economic Association International, vol. 33(4), pages 735-746, October.
    8. W Qazizada & Engelbert Stockhammer, 2014. "Government spending multipliers in contraction and expansion," Economics Discussion Papers 2014-2, School of Economics, Kingston University London.
    9. Felix Reichling & Charles Whalen, 2012. "Assessing the Short-Term Effects on Output of Changes in Federal Fiscal Policies: Working Paper 2012-08," Working Papers 43278, Congressional Budget Office.

  25. Camille Landais & Pascal Michaillat & Emmanuel Saez, 2011. "Optimal Unemployment Insurance Over the Business Cycle," CEP Discussion Papers dp1078, Centre for Economic Performance, LSE.

    Cited by:

    1. Zweimüller, Josef & Staubli, Stefan & Inderbitzin, Lukas, 2015. "Extended Unemployment Benefits and Early Retirement: Program Complementarity and Program Substitution," CEPR Discussion Papers 10646, C.E.P.R. Discussion Papers.
    2. Kory Kroft & Kavan Kucko & Etienne Lehmann & Johannes Friedrich Schmieder, 2017. "Optimal Income Taxation with Unemployment and Wage Responses: A Sufficient Statistics Approach," CESifo Working Paper Series 6686, CESifo.
    3. Juan Carlos Suárez Serrato & Owen Zidar, 2016. "Who Benefits from State Corporate Tax Cuts? A Local Labor Markets Approach with Heterogeneous Firms," American Economic Review, American Economic Association, vol. 106(9), pages 2582-2624, September.
    4. Henry S. Farber & Robert G. Valletta, 2013. "Do Extended Unemployment Benefits Lengthen Unemployment Spells? Evidence from Recent Cycles in the U.S. Labor Market," Working Papers 1450, Princeton University, Department of Economics, Industrial Relations Section..
    5. Philip Jung & Keith Kuester, 2011. "Optimal labor-market policy in recessions," Working Papers 11-48, Federal Reserve Bank of Philadelphia.
    6. Rothstein, Jesse & Valletta, Robert G., 2014. "Scraping By: Income and Program Participation After the Loss of Extended Unemployment Benefits," IZA Discussion Papers 8022, Institute of Labor Economics (IZA).
    7. Emmanuel Saez & Pascal Michaillat, 2013. "A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters," 2013 Meeting Papers 1216, Society for Economic Dynamics.
    8. Romain Duval & Davide Furceri, 2018. "The Effects of Labor and Product Market Reforms: The Role of Macroeconomic Conditions and Policies," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(1), pages 31-69, March.
    9. Martin Gonzalez-Rozada & Hernan Ruffo, 2016. "Optimal Unemployment Benefits in the Presence of Informal Labor Markets," Department of Economics Working Papers 2016_03, Universidad Torcuato Di Tella.
    10. Casey B. Mulligan, 2012. "Do Welfare Policies Matter for Labor Market Aggregates? Quantifying Safety Net Work Incentives since 2007," NBER Working Papers 18088, National Bureau of Economic Research, Inc.
    11. Alisdair McKay & Ricardo Reis, 2016. "Optimal Automatic Stabilizers," Discussion Papers 1618, Centre for Macroeconomics (CFM).
    12. Elira Kuka, 2018. "Quantifying the Benefits of Social Insurance: Unemployment Insurance and Health," Departmental Working Papers 1808, Southern Methodist University, Department of Economics.
    13. Lawrence Christiano & Mathias Trabandt & Karl Walentin, 2021. "Involuntary Unemployment and the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 26-54, January.
    14. Kory Kroft & Matthew J. Notowidigdo, 2016. "Should Unemployment Insurance Vary with the Unemployment Rate? Theory and Evidence," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 83(3), pages 1092-1124.
    15. Bruno Crépon & Esther Duflo & Marc Gurgand & Roland Rathelot & Philippe Zamora, 2013. "Do Labor Market Policies have Displacement Effects? Evidence from a Clustered Randomized Experiment," Post-Print halshs-00840901, HAL.
    16. Kurt Mitman & Stanislav Rabinovich, 2011. "Pro-cyclical Unemployment Benefits? Optimal Policy in an Equilibrium Business Cycle Model," PIER Working Paper Archive 11-023, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    17. Euiyoung Jung, 2021. "On the design of labor market programs as stabilization policies," PSE Working Papers halshs-03243698, HAL.
    18. Fuhito Kojima & Parag Pathak & Alvin Roth, 2013. "Matching with Couples: Stability and Incentives in Large Markets," Discussion Papers 12-018, Stanford Institute for Economic Policy Research.
    19. Makoto Nakajima, 2011. "Quantitative Analysis of Unemployment Benefit Extensions," 2011 Meeting Papers 328, Society for Economic Dynamics.
    20. Andreas I. Mueller & Jesse Rothstein & Till M. von Wachter, 2013. "Unemployment Insurance and Disability Insurance in the Great Recession," NBER Chapters, in: Labor Markets in the Aftermath of the Great Recession, pages 445-475, National Bureau of Economic Research, Inc.
    21. Valletta, Robert G., 2014. "Recent Extensions of U.S. Unemployment Benefits: Search Responses in Alternative Labor Market States," IZA Discussion Papers 8247, Institute of Labor Economics (IZA).
    22. Krebs, Tom & Scheffel, Martin, 2014. "Labor Market Reform and the Cost of Business Cycles," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100427, Verein für Socialpolitik / German Economic Association.
    23. Jeremy Schwartz, 2019. "The Job Search Intensity Supply Curve: How Labor Market Conditions Affect Job Search Effort," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 45(2), pages 269-300, April.
    24. Rothstein, Jesse, 2011. "Unemployment Insurance and Job Search in the Great Recession," Department of Economics, Working Paper Series qt5611t356, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    25. Lommerud, Kjell Erik & Vagstad, Steinar & Straume, Odd Rune, 2016. "Employment protection and unemployment benefits: On technology adoption and job creation in a matching model," CEPR Discussion Papers 11192, C.E.P.R. Discussion Papers.
    26. Pascal Michaillat, 2012. "Do Matching Frictions Explain Unemployment? Not in Bad Times," American Economic Review, American Economic Association, vol. 102(4), pages 1721-1750, June.
    27. Michaillat, Pascal, 2011. "Fiscal Multipliers Over the Business Cycle," CEPR Discussion Papers 8610, C.E.P.R. Discussion Papers.
    28. Kohlbrecher, Britta, 2016. "Optimal Monetary Policy under Rigid Wages and Decreasing Returns," VfS Annual Conference 2016 (Augsburg): Demographic Change 145867, Verein für Socialpolitik / German Economic Association.
    29. Bhattacharyya, Chandril & Gupta, Manash Ranjan, 2020. "Union, Efficiency of Labour and Endogenous Growth," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 61(2), pages 170-202, December.
    30. Merkl, Christian & van Rens, Thijs, 2012. "Selective Hiring and Welfare Analysis in Labor Market Models," IZA Discussion Papers 6294, Institute of Labor Economics (IZA).
    31. Rafael Lalive & Camille Landais & Josef Zweimüller, 2015. "Market Externalities of Large Unemployment Insurance Extension Programs," American Economic Review, American Economic Association, vol. 105(12), pages 3564-3596, December.
    32. Cacciatore, Matteo & Duval, Romain & Fiori, Giuseppe & Ghironi, Fabio, 2016. "Market reforms in the time of imbalance," Journal of Economic Dynamics and Control, Elsevier, vol. 72(C), pages 69-93.
    33. Michaillat, Pascal & Saez, Emmanuel, 2014. "Aggregate demand, idle time, and unemployment," LSE Research Online Documents on Economics 86338, London School of Economics and Political Science, LSE Library.
    34. Florian Scheuer, 2013. "Optimal Asset Taxes in Financial Markets with Aggregate Uncertainty," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(3), pages 405-420, July.
    35. Michaillat, Pascal, 2012. "A Theory of Countercyclical Government-Consumption Multiplier," CEPR Discussion Papers 9052, C.E.P.R. Discussion Papers.
    36. Chetty, Nadarajan & Finkelstein, Amy Nadya, 2013. "Social Insurance: Connecting Theory to Data," Scholarly Articles 34330197, Harvard University Department of Economics.
    37. East, Chloe N. & Kuka, Elira, 2015. "Reexamining the consumption smoothing benefits of Unemployment Insurance," Journal of Public Economics, Elsevier, vol. 132(C), pages 32-50.
    38. François Gerard & Gustavo Gonzaga, 2016. "Informal Labor and the Efficiency Cost of Social Programs: Evidence from the Brazilian Unemployment Insurance Program," NBER Working Papers 22608, National Bureau of Economic Research, Inc.
    39. Casey B. Mulligan, 2011. "The Expanding Social Safety Net," NBER Working Papers 17654, National Bureau of Economic Research, Inc.
    40. Peter Nilsson & Johannes Spinnewijn & Camille Landais, 2015. "The Optimal Timing of Unemployment Benefits: Theory and Evidence from Sweden," 2015 Meeting Papers 279, Society for Economic Dynamics.
    41. Tatsiramos, K. & van Ours, J.C., 2012. "Labor Market Effects of Unemployment Insurance Design," Other publications TiSEM 0550ec64-1dd7-4fd8-a559-7, Tilburg University, School of Economics and Management.
    42. Pascal Michaillat & Emmanuel Saez, 2013. "A Model of Aggregate Demand and Unemployment," CEP Discussion Papers dp1235, Centre for Economic Performance, LSE.
    43. Tumen, Semih, 2013. "Informal versus Formal Search: Which Yields a Better Pay?," MPRA Paper 50446, University Library of Munich, Germany.
    44. Noah Williams & Rui Li, 2014. "Optimal Unemployment Insurance and Cyclical Fluctuations," 2014 Meeting Papers 804, Society for Economic Dynamics.
    45. Lee, David & Saez, Emannuel, 2010. "Optimal Minimum Wage Policy in Competitive Labor Markets," Department of Economics, Working Paper Series qt07w2z7t6, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    46. Ek, Susanne, 2012. "Unemployment benefits or taxes: How should policy makers redistribute income over the business cycle?," Working Paper Series 2012:2, Uppsala University, Department of Economics.
    47. Arash Nekoei & Andrea Weber, 2014. "Does Extending Unemployment Benefits Improve Job Quality?," NRN working papers 2014-04, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria.
    48. Bjoern Bruegemann, 2017. "Privately Efficient Wage Rigidity Under Diminishing Returns," 2017 Meeting Papers 978, Society for Economic Dynamics.
    49. Taskin, Temel, 2011. "Unemployment insurance and home production," MPRA Paper 34878, University Library of Munich, Germany.
    50. Marius Clemens & Guillaume Claveres, 2017. "Unemployment Insurance Union," 2017 Meeting Papers 1340, Society for Economic Dynamics.
    51. Mr. Tom Krebs & Mr. Martin Scheffel, 2013. "Macroeconomic Evaluation of Labor Market Reform in Germany," IMF Working Papers 2013/042, International Monetary Fund.
    52. Andrew C. Johnston & Alexandre Mas, 2016. "Potential Unemployment Insurance Duration and Labor Supply: The Individual and Market-Level Response to a Benefit Cut," NBER Working Papers 22411, National Bureau of Economic Research, Inc.
    53. Martin Gonzalez-Rozada & Hernan Ruffo, 2014. "The Effects of Unemployment Insurance Under High Informality: Evidence from Argentina," Department of Economics Working Papers wp201403, Universidad Torcuato Di Tella.
    54. Robin Boadway, 2012. "Recent Advances in Optimal Income Taxation," Hacienda Pública Española / Review of Public Economics, IEF, vol. 200(1), pages 15-39, March.
    55. Landais, Camille, 2012. "Assessing the welfare effects of unemployment benefits using the regression kink design," LSE Research Online Documents on Economics 58025, London School of Economics and Political Science, LSE Library.
    56. Euiyoung Jung, 2021. "On the design of labor market programs as stabilization policies," Working Papers halshs-03243698, HAL.
    57. Martin Gonzalez-Rozada & Hernan Ruffo, 2014. "The Effects of Unemployment Insurance Under High Informality: Evidence from Argentina," Department of Economics Working Papers 2014_3, Universidad Torcuato Di Tella.
    58. Scott Baker & Andrey Fradkin, 2011. "What Drives Job Search? Evidence from Google Search Data," Discussion Papers 10-020, Stanford Institute for Economic Policy Research.
    59. Kavan Kucko & Johannes Schmieder & Etienne Lehmann & Kory Kroft, 2015. "Optimal Income Taxation under Unemployment: A Sufficient Statistics Approach," 2015 Meeting Papers 680, Society for Economic Dynamics.
    60. Toshihiko Mukoyama & Christina Patterson & Ayşegül Şahin, 2018. "Job Search Behavior over the Business Cycle," American Economic Journal: Macroeconomics, American Economic Association, vol. 10(1), pages 190-215, January.
    61. Torben M. Andersen, 2014. "Tuning unemployment insurance to the business cycle," IZA World of Labor, Institute of Labor Economics (IZA), pages 1-54, May.
    62. Walter Nicholson & Karen Needels & Heinrich Hock, 2014. "Unemployment Compensation During the Great Recession: Theory and Evidence," National Tax Journal, National Tax Association;National Tax Journal, vol. 67(1), pages 187-218, March.
    63. Demirgüç-Kunt, Asli & Lokshin, Michael & Torre, Iván, 2024. "Protect incomes or protect jobs? The role of social policies in post-pandemic recovery," World Development, Elsevier, vol. 182(C).
    64. Walter Nicholson & Karen Needels, "undated". "The EUC08 Program in Theoretical and Historical Perspective," Mathematica Policy Research Reports 9046cb11c3aa44c8a036a6e38, Mathematica Policy Research.
    65. Machikita, Tomohiro & Kohara, Miki & Sasaki, Masaru, 2013. "The Effect of Extended Unemployment Benefit on the Job Finding Hazards: A Quasi-Experiment in Japan," IZA Discussion Papers 7559, Institute of Labor Economics (IZA).
    66. Gerritsen, Aart, 2016. "Optimal taxation when people do not maximize well-being," Journal of Public Economics, Elsevier, vol. 144(C), pages 122-139.
    67. Johannes F. Schmieder & Till M. von Wachter & Stefan Bender, 2012. "The Effects of Extended Unemployment Insurance over the Business Cycle: Evidence from Regression Discontinuity Estimates Over Twenty Years," NBER Working Papers 17813, National Bureau of Economic Research, Inc.
    68. Williamson, Stephen D. & Wang, Cheng, 1999. "Moral Hazard, Optimal Unemployment Insurance, and Experience Rating," Working Papers 99-03, University of Iowa, Department of Economics.
    69. Thomas Piketty & Emmanuel Saez, 2012. "Optimal Labor Income Taxation," NBER Working Papers 18521, National Bureau of Economic Research, Inc.
    70. Jonas Kolsrud & Camille Landais & Peter Nilsson & Johannes Spinnewijn, 2015. "The Optimal Timing of UI Benefits: Theory and Evidence from Sweden," CEP Discussion Papers dp1361, Centre for Economic Performance, LSE.
    71. Mark Strøm Kristoffersen, 2012. "Business Cycle Dependent Unemployment Benefits with Wealth Heterogeneity and Precautionary Savings," Economics Working Papers 2012-19, Department of Economics and Business Economics, Aarhus University.
    72. Pollak, Andreas, 2013. "Employment Insurance and the Business Cycle," MPRA Paper 49358, University Library of Munich, Germany.
    73. Yolanda Rebollo-Sanz & J. García-Pérez, 2015. "Are unemployment benefits harmful to the stability of working careers? The case of Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 6(1), pages 1-41, March.
    74. Aart Gerritsen, 2015. "Optimal Taxation when People Do Not Maximize Well-Being," Working Papers tax-mpg-rps-2015-07, Max Planck Institute for Tax Law and Public Finance.
    75. Nathaniel Hendren, 2017. "Knowledge of Future Job Loss and Implications for Unemployment Insurance," American Economic Review, American Economic Association, vol. 107(7), pages 1778-1823, July.
    76. Aart Gerritsen, 2016. "Equity and Efficiency in Rationed Labor Markets," Working Papers tax-mpg-rps-2016-04, Max Planck Institute for Tax Law and Public Finance.
    77. Tito Boeri & Jan van Ours, 2013. "The Economics of Imperfect Labor Markets: Second Edition," Economics Books, Princeton University Press, edition 1, number 10142.
    78. Albertini, Julien & Poirier, Arthur, 2014. "Unemployment benefits extensions at the zero lower bound on nominal interest rate," SFB 649 Discussion Papers 2014-019, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    79. François Gerard & Gustavo Gonzaga, 2013. "Informal Labor and the Cost of Social Programs: Evidence from 15 Years of Unemployment Insurance in Brazil," Textos para discussão 608, Department of Economics PUC-Rio (Brazil).
    80. Acedański, Jan, 2016. "Youth unemployment and welfare gains from eliminating business cycles — The case of Poland," Economic Modelling, Elsevier, vol. 57(C), pages 248-262.
    81. Mitman, Kurt & Rabinovich, Stanislav, 2015. "Optimal unemployment insurance in an equilibrium business-cycle model," Journal of Monetary Economics, Elsevier, vol. 71(C), pages 99-118.
    82. Moyen, Stéphane & Stähler, Nikolai, 2014. "Unemployment Insurance And The Business Cycle: Should Benefit Entitlement Duration React To The Cycle?," Macroeconomic Dynamics, Cambridge University Press, vol. 18(3), pages 497-525, April.
    83. Immervoll, Herwig, 2012. "Reforming the Benefit System to 'Make Work Pay': Options and Priorities in a Weak Labour Market," IZA Policy Papers 50, Institute of Labor Economics (IZA).

  26. Pascal Michaillat, 2010. "Do Matching Frictions Explain Unemployment? Not in Bad Times," CEP Discussion Papers dp1024, Centre for Economic Performance, LSE.

    Cited by:

    1. Isoré, Marlène, 2016. "International propagation of financial shocks in a search and matching environment," Bank of Finland Research Discussion Papers 28/2016, Bank of Finland.
    2. Ioana Marinescu & Daphne Skandalis & Daniel Zhao, 2021. "The Impact of the Federal Pandemic Unemployment Compensation on Job Search and Vacancy Creation," NBER Working Papers 28567, National Bureau of Economic Research, Inc.
    3. Davis, Steven J. & Krolikowski, Pawel M., 2023. "Sticky Wages on the Layoff Margin," IZA Discussion Papers 16351, Institute of Labor Economics (IZA).
    4. Adam M. Lavecchia, 2018. "Minimum Wage Policy with Optimal Taxes and Unemployment," Working Papers 1801E, University of Ottawa, Department of Economics.
    5. Kohlbrecher, Britta, 2019. "The (ir)relevance of real wage rigidity for optimal monetary policy," FAU Discussion Papers in Economics 07/2019, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
    6. Kory Kroft & Kavan Kucko & Etienne Lehmann & Johannes Friedrich Schmieder, 2017. "Optimal Income Taxation with Unemployment and Wage Responses: A Sufficient Statistics Approach," CESifo Working Paper Series 6686, CESifo.
    7. Pascal Michaillat & Emmanuel Saez & Camille Landais, 2011. "Optimal Unemployment Insurance over the Business Cycle," 2011 Meeting Papers 124, Society for Economic Dynamics.
    8. Yusuf Mercan & Benjamin Schoefer & Petr Sedláček, 2020. "A Congestion Theory of Unemployment Fluctuations," CESifo Working Paper Series 8731, CESifo.
    9. Molina-Domene, Maria, 2018. "Labor specialization as a source of market frictions," LSE Research Online Documents on Economics 91703, London School of Economics and Political Science, LSE Library.
    10. Emmanuel Saez & Pascal Michaillat, 2013. "A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters," 2013 Meeting Papers 1216, Society for Economic Dynamics.
    11. Miguel Casares & Antonio Moreno & Jesús Vázquez, 2012. "An Estimated New-Keynesian Model with Unemployment as Excess Supply of Labor," Faculty Working Papers 01/12, School of Economics and Business Administration, University of Navarra.
    12. Felix Koenig & Alan Manning & Barbara Petrongolo, 2016. "Reservation wages and the wage flexibility puzzle," CEP Discussion Papers dp1406, Centre for Economic Performance, LSE.
    13. Zweimüller, Josef, 2018. "Unemployment insurance and the labor market," Labour Economics, Elsevier, vol. 53(C), pages 1-14.
    14. Cynthia L. Doniger, 2022. "These Caps Spilleth Over: Equilibrium Effects of Unemployment Insurance," Finance and Economics Discussion Series 2022-074, Board of Governors of the Federal Reserve System (U.S.).
    15. Marinescu, Ioana, 2019. "Reprint of: The general equilibrium impacts of unemployment insurance: Evidence from a large online job board," Journal of Public Economics, Elsevier, vol. 171(C), pages 70-85.
    16. Ioana Marinescu, 2016. "The General Equilibrium Impacts of Unemployment Insurance: Evidence from a Large Online Job Board," Working Papers id:11141, eSocialSciences.
    17. Luca Fornaro, 2018. "International Debt Deleveraging," Journal of the European Economic Association, European Economic Association, vol. 16(5), pages 1394-1432.
    18. Gordon Phillips & Kyle Herkenhoff, 2015. "The Impact of Consumer Credit Constraints on Earnings, Sorting, and Job Finding Rates of Displaced Workers," 2015 Meeting Papers 375, Society for Economic Dynamics.
    19. Bruno Crépon & Esther Duflo & Marc Gurgand & Roland Rathelot & Philippe Zamora, 2013. "Do Labor Market Policies have Displacement Effects? Evidence from a Clustered Randomized Experiment," Post-Print halshs-00840901, HAL.
    20. Föll, Tobias, 2017. "Financial Constraints, Wage Rigidity, and the Labor Market," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168080, Verein für Socialpolitik / German Economic Association.
    21. Giulia Giupponi & Camille Landais, 2023. "Subsidizing Labour Hoarding in Recessions: The Employment and Welfare Effects of Short-time Work," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(4), pages 1963-2005.
    22. Sanjay K. Chugh & Christian Merkl, 2015. "Efficiency and Labor Market Dynamics in a Model of Labor Selection," CESifo Working Paper Series 5474, CESifo.
    23. José Ramón García & Valeri Sorolla, 2017. "Frictional and Non-Frictional Unemployment in a Labor Market with Matching Frictions," Manchester School, University of Manchester, vol. 85(4), pages 450-465, July.
    24. Fredriksson, Peter & Söderström, Martin, 2020. "The equilibrium impact of unemployment insurance on unemployment: Evidence from a non-linear policy rule," Journal of Public Economics, Elsevier, vol. 187(C).
    25. José Ramón García Martínez & Valeri Sorolla, 2013. "Frictional and Non Frictional Unemployment in Models with Matching Frictions," Working Papers. Serie AD 2013-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    26. Qazi Haque & Nicolas Groshenny & Mark Weder, 2021. "Do we really know that U.S. monetary policy was destabilizing in the 1970s?," Post-Print hal-04204647, HAL.
    27. Pascal Michaillat, 2024. "Modeling Migration-Induced Unemployment," NBER Working Papers 33047, National Bureau of Economic Research, Inc.
    28. Pascal Michaillat, 2012. "Do Matching Frictions Explain Unemployment? Not in Bad Times," American Economic Review, American Economic Association, vol. 102(4), pages 1721-1750, June.
    29. Davoine, Thomas, 2015. "A theoretical rationale for flexicurity policies based on education," Economics Series 311, Institute for Advanced Studies.
    30. Inés Hardoy & Pål Schøne, 2014. "Does the impact of plant closure on labour market attachment differ between immigrants and native workers across the business cycle?," Empirical Economics, Springer, vol. 46(1), pages 229-252, February.
    31. Michaillat, Pascal, 2011. "Fiscal Multipliers Over the Business Cycle," CEPR Discussion Papers 8610, C.E.P.R. Discussion Papers.
    32. Michael W. L. Elsby & Ryan Michaels & David Ratner, 2015. "The Beveridge Curve: A Survey," Journal of Economic Literature, American Economic Association, vol. 53(3), pages 571-630, September.
    33. Kohlbrecher, Britta, 2016. "Optimal Monetary Policy under Rigid Wages and Decreasing Returns," VfS Annual Conference 2016 (Augsburg): Demographic Change 145867, Verein für Socialpolitik / German Economic Association.
    34. Ken-ichi Hashimoto & Yoshiyasu Ono & Matthias Schlegl, 2020. "Structural Unemployment, Underemployment, and Secular Stagnation," ISER Discussion Paper 1088r, Institute of Social and Economic Research, The University of Osaka, revised Mar 2021.
    35. Steven Dieterle & Otavio Bartalotti & Quentin Brummet, 2016. "Revisiting the Effects of Unemployment Insurance Extensions on Unemployment: A Measurement Error-Corrected Regression Discontinuity Approach," Edinburgh School of Economics Discussion Paper Series 268, Edinburgh School of Economics, University of Edinburgh.
    36. Rafael Lalive & Camille Landais & Josef Zweimüller, 2015. "Market Externalities of Large Unemployment Insurance Extension Programs," American Economic Review, American Economic Association, vol. 105(12), pages 3564-3596, December.
    37. Eric T. Swanson, 2013. "Implications of Labor Market Frictions for Risk Aversion and Risk Premia," Working Paper Series 2013-30, Federal Reserve Bank of San Francisco.
    38. Pascal Michaillat & Emmanuel Saez, 2014. "An Economical Business-Cycle Model," NBER Working Papers 19777, National Bureau of Economic Research, Inc.
    39. Roulleau-Pasdeloup, Jordan, 2023. "Analyzing Linear DSGE models: the Method of Undetermined Markov States," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
    40. Michaillat, Pascal & Saez, Emmanuel, 2014. "Aggregate demand, idle time, and unemployment," LSE Research Online Documents on Economics 86338, London School of Economics and Political Science, LSE Library.
    41. Michaillat, Pascal, 2012. "A Theory of Countercyclical Government-Consumption Multiplier," CEPR Discussion Papers 9052, C.E.P.R. Discussion Papers.
    42. Carlos Carrillo-Tudela & Camila Comunello & Alex Clymo & Annette Jäckle & Ludo Visschers & David Zentler-Munro, 2022. "Search and Reallocation in the Covid-19 Pandemic: Evidence from the UK," CESifo Working Paper Series 9621, CESifo.
    43. Nelson Lind, 2017. "Credit Regimes and the Seeds of Crisis," 2017 Meeting Papers 1474, Society for Economic Dynamics.
    44. Meier, Mario & Obermeier, Tim, 2017. "Employer Screening, Unemployment Stigma and Optimal Unemployment Insurance," EconStor Preprints 148303, ZBW - Leibniz Information Centre for Economics.
    45. Gerritsen, Aart, 2017. "Equity and efficiency in rationed labor markets," Journal of Public Economics, Elsevier, vol. 153(C), pages 56-68.
    46. Aysun, Uluc & Bouvet, Florence & Hofler, Richard, 2014. "An alternative measure of structural unemployment," Economic Modelling, Elsevier, vol. 38(C), pages 592-603.
    47. Jonathon Hazell & Bledi Taska, 2020. "Downward Rigidity in the Wage for New Hires," Discussion Papers 2028, Centre for Macroeconomics (CFM).
    48. Gehrke, Britta & Weber, Enzo, 2018. "Identifying asymmetric effects of labor market reforms," European Economic Review, Elsevier, vol. 110(C), pages 18-40.
    49. Britta Gehrke & Brigitte Hochmuth, 2021. "Counteracting Unemployment in Crises: Non‐Linear Effects of Short‐Time Work Policy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(1), pages 144-183, January.
    50. Pérez Pérez Jorge, 2022. "City Minimum Wages and Spatial Equilibrium Effects," Working Papers 2022-04, Banco de México.
    51. Wolf, Martin, 2020. "Pecuniary externalities in economies with downward wage rigidity," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 219-235.
    52. Maria Molina-Domene, 2018. "Labor specialization as a source of market frictions," CEP Discussion Papers dp1580, Centre for Economic Performance, LSE.
    53. Bertola, Giuseppe, 2016. "European Unemployment Revisited: Shocks, Institutions, Integration," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201621, University of Turin.
    54. Fabrizio Perri & Jonathan Heathcote, 2013. "Wealth and Volatility," 2013 Meeting Papers 385, Society for Economic Dynamics.
    55. Marco Battaglini & Stephen Coate, 2011. "Fiscal Policy and Unemployment," NBER Working Papers 17562, National Bureau of Economic Research, Inc.
    56. Domenico Ferraro & Giuseppe Fiori, 2023. "Nonlinear Employment Effects of Tax Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(5), pages 1001-1042, August.
    57. Christopher A. Pissarides, 2013. "Unemployment in the Great Recession," Economica, London School of Economics and Political Science, vol. 80(319), pages 385-403, July.
    58. Pascal Michaillat & Emmanuel Saez, 2013. "A Model of Aggregate Demand and Unemployment," CEP Discussion Papers dp1235, Centre for Economic Performance, LSE.
    59. Francesco Furlanetto & Nicolas Groshenny, 2015. "Mismatch Shocks and Unemployment During the Great Recession," School of Economics and Public Policy Working Papers 2015-14, University of Adelaide, School of Economics and Public Policy.
    60. Altmann, Steffen & Glenny, Anita Marie & Mahlstedt, Robert & Sebald, Alexander, 2022. "The Direct and Indirect Effects of Online Job Search Advice," IZA Discussion Papers 15830, Institute of Labor Economics (IZA).
    61. Gottfries, Nils & Stadin, Karolina, 2016. "The Matching Process: Search or Mismatch," Ratio Working Papers 279, The Ratio Institute.
    62. Paula Alexandra Roibu Crucianu, 2019. "The Impact of Unemployment on the Economic Growth in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 174-179, December.
    63. Florin Bilbiie & Tommaso Monacelli & Roberto Perotti, 2015. "Is Government Spending at the Zero Lower Bound Desirable?," Working Papers 555, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    64. Martin Wolf, 2018. "Optimal Prudential Policy in Economies with Downward Wage Rigidity," Vienna Economics Papers vie1804, University of Vienna, Department of Economics.
    65. Keshab Bhattarai & Huw Dixon, 2014. "Equilibrium Unemployment in a General Equilibrium Model with Taxes," Manchester School, University of Manchester, vol. 82(S1), pages 90-128, September.
    66. Bjoern Bruegemann, 2017. "Privately Efficient Wage Rigidity Under Diminishing Returns," 2017 Meeting Papers 978, Society for Economic Dynamics.
    67. Andreas Bastgen, 2024. "Does the effect of employment protection depend on the composition of unemployment?," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 58(1), pages 1-28, December.
    68. Caponi, Vincenzo, 2017. "Public employment policies and regional unemployment differences," Regional Science and Urban Economics, Elsevier, vol. 63(C), pages 1-12.
    69. Andrew C. Johnston & Alexandre Mas, 2016. "Potential Unemployment Insurance Duration and Labor Supply: The Individual and Market-Level Response to a Benefit Cut," NBER Working Papers 22411, National Bureau of Economic Research, Inc.
    70. Francesco Furlanett & Nicolas Groshenny, 2012. "Matching efficiency and business cycle fluctuations," Reserve Bank of New Zealand Discussion Paper Series DP2012/06, Reserve Bank of New Zealand.
    71. Aida Caldera Sánchez & Alain de Serres & Naomitsu Yashiro, 2017. "Reforming in a Difficult Macroeconomic Context: A Review of Issues and Recent Literature," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 1-41, February.
    72. Peter Ganong & Fiona Greig & Pascal Noel & Daniel M. Sullivan & Joseph Vavra, 2024. "Spending and Job-Finding Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data," American Economic Review, American Economic Association, vol. 114(9), pages 2898-2939, September.
    73. Ghironi, Fabio, 2017. "Macro Needs Micro," CEPR Discussion Papers 12299, C.E.P.R. Discussion Papers.
    74. Nikolaos Kokonas & Paulo Santos Monteiro, 2020. "The Ins and Outs of Unemployment in General Equilibrium," Discussion Papers 2014, Centre for Macroeconomics (CFM).
    75. Domenico Ferraro, 2018. "Online Appendix to "The Asymmetric Cyclical Behavior of the U.S. Labor Market"," Online Appendices 16-161, Review of Economic Dynamics.
    76. Camille Landais & Pascal Michaillat & Emmanuel Saez, 2010. "A Macroeconomic Theory of Optimal Unemployment Insurance," NBER Working Papers 16526, National Bureau of Economic Research, Inc.
    77. Peter A. Diamond, 2013. "Cyclical unemployment, structural unemployment," Working Papers 13-5, Federal Reserve Bank of Boston.
    78. Mikael Carlsson & Stefan Eriksson & Nils Gottfries, 2013. "Product market imperfections and employment dynamics," Oxford Economic Papers, Oxford University Press, vol. 65(2), pages 447-470, April.
    79. Yuliya Demyanyk & Elena Loutskina & Daniel Murphy, 2019. "Fiscal Stimulus and Consumer Debt," The Review of Economics and Statistics, MIT Press, vol. 101(4), pages 728-741, October.
    80. Landais, Camille & Michaillat, Pascal & Saez, Emmanuel, 2018. "A macroeconomic approach to optimal unemployment insurance: applications," LSE Research Online Documents on Economics 88303, London School of Economics and Political Science, LSE Library.
    81. Patrick J. Conway, 2022. "Unemployment insurance programs and the choice to leave the labor force," Southern Economic Journal, John Wiley & Sons, vol. 88(4), pages 1373-1400, April.
    82. Schoder, Christian, 2020. "A Keynesian Dynamic Stochastic Disequilibrium model for business cycle analysis," Economic Modelling, Elsevier, vol. 86(C), pages 117-132.
    83. Piero Ferri & Annalisa Cristini & Anna Maria Variato, 2019. "Growth, unemployment and heterogeneity," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 14(3), pages 573-593, September.
    84. Christian Schoder, 2017. "An estimated Dynamic Stochastic Disequilibrium model of Euro-Area unemployment," Working Papers 1725, New School for Social Research, Department of Economics.
    85. Kavan Kucko & Johannes Schmieder & Etienne Lehmann & Kory Kroft, 2015. "Optimal Income Taxation under Unemployment: A Sufficient Statistics Approach," 2015 Meeting Papers 680, Society for Economic Dynamics.
    86. Vasilev, Aleksandar, 2021. "A Real-Business-Cycle model with search-and-matching frictions and efficiency ("fair") wages," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 64(2), pages 1-23.
    87. Stadin, Karolina, 2015. "Firms’ employment dynamics and the state of the labor market," Working Paper Series 2015:20, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    88. Guidon Fenig & Luba Petersen, 2017. "Distributing scarce jobs and output: experimental evidence on the dynamic effects of rationing," Experimental Economics, Springer;Economic Science Association, vol. 20(3), pages 707-735, September.
    89. Ying Tung Chan & Chi Man Yip, 2023. "On the ambiguity of job search," Economic Inquiry, Western Economic Association International, vol. 61(4), pages 1006-1033, October.
    90. Murphy, Daniel, 2017. "Excess capacity in a fixed-cost economy," European Economic Review, Elsevier, vol. 91(C), pages 245-260.
    91. Hristov, Atanas, 2022. "Credit spread and the transmission of government purchases shocks," Economic Modelling, Elsevier, vol. 107(C).
    92. Landais, Camille & Michaillat, Pascal & Saez, Emmanuel, 2018. "A macroeconomic approach to optimal unemployment insurance: theory," LSE Research Online Documents on Economics 88304, London School of Economics and Political Science, LSE Library.
    93. Feng Dong, 2023. "Aggregate Implications of Financial Frictions for Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 48, pages 45-71, April.
    94. Michaillat, Pascal & Saez, Emmanuel, 2019. "Beveridgean Unemployment Gap," CEPR Discussion Papers 14132, C.E.P.R. Discussion Papers.
    95. Almazan, Andres & de Motta, Adolfo & Titman, Sheridan, 2015. "Debt, labor markets, and the creation and destruction of firms," Journal of Financial Economics, Elsevier, vol. 118(3), pages 636-657.
    96. Stéphane Dupraz & Emi Nakamura & Jón Steinsson, 2019. "A Plucking Model of Business Cycles," NBER Working Papers 26351, National Bureau of Economic Research, Inc.
    97. Pascal Michaillat & Emmanuel Saez, 2024. "Beveridgean Phillips Curve," Papers 2401.12475, arXiv.org, revised Oct 2024.
    98. Paweł Kopiec, 2018. "Employment prospects and the propagation of fiscal stimulus," NBP Working Papers 296, Narodowy Bank Polski.
    99. Regis Barnichon & Andrew Figura, 2015. "Declining Desire to Work and Downward Trends in Unemployment and Participation," NBER Working Papers 21252, National Bureau of Economic Research, Inc.
    100. Hugo Erken & Eric Loon & Wouter Verbeek, 2015. "Mismatch on the Dutch Labour Market in the Great Recession," De Economist, Springer, vol. 163(4), pages 435-459, December.
    101. Clymo, Alex, 2020. "Discounts, rationing, and unemployment," European Economic Review, Elsevier, vol. 128(C).
    102. Martins, Pedro S. & Snell, Andy & Stüber, Heiko & Thomas, Jonathan P., 2016. "Bias in Returns to Tenure When Firm Wages and Employment Comove: A Quantitative Assessment and Solution," IZA Discussion Papers 9849, Institute of Labor Economics (IZA).
    103. Stefan Eriksson & Karolina Stadin, 2017. "What are the determinants of hiring? The importance of product market demand and search frictions," Applied Economics, Taylor & Francis Journals, vol. 49(50), pages 5144-5165, October.
    104. Luba Petersen & Guidon Fenig, 2015. "Distributing scarce jobs and output: Experimental evidence on the effects of rationing," Discussion Papers dp15-02, Department of Economics, Simon Fraser University.
    105. Yagan, Danny, 2016. "The Enduring Employment Impact of Your Great Recession Location," Institute for Research on Labor and Employment, Working Paper Series qt12d0w9bs, Institute of Industrial Relations, UC Berkeley.
    106. Michaillat, Pascal & Saez, Emmanuel, 2022. "u^* = \sqrt{uv}," Santa Cruz Department of Economics, Working Paper Series qt1r99n786, Department of Economics, UC Santa Cruz.
      • Pascal Michaillat & Emmanuel Saez, 2022. "u^* = \sqrt{uv}," Papers 2206.13012, arXiv.org, revised Jun 2024.
    107. Hargaden, Enda Patrick, 2020. "Taxpayer responses in good times and bad," Journal of Economic Behavior & Organization, Elsevier, vol. 176(C), pages 653-690.
    108. Haefke, Christian & Reiter, Michael, 2012. "What Do Participation Fluctuations Tell Us About Labor Supply Elasticities?," VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62055, Verein für Socialpolitik / German Economic Association.
    109. Eliza Forsythe, 2022. "Why Don’t Firms Hire Young Workers During Recessions? [Real wages and the business cycle]," The Economic Journal, Royal Economic Society, vol. 132(645), pages 1765-1789.
    110. Jordan Roulleau-Pasdeloup, 2014. "Why is the Government Spending Multiplier Larger at the Zero Lower Bound ? Not (Only) Because of the Zero Lower Bound," Working Papers 2014-02, Center for Research in Economics and Statistics.
    111. Yuelin Liu, 2014. "Endogenous Labor Force Participation, Involuntary Unemployment and Monetary Policy," Discussion Papers 2014-41, School of Economics, The University of New South Wales.
    112. Domenico Ferraro, 2014. "The Asymmetric Cyclical Behavior of the U.S. Labor Market," 2014 Meeting Papers 1104, Society for Economic Dynamics.
    113. Stadin, Karolina, 2012. "Vacancy Matching and Labor Market Conditions," Working Paper Series 2012:16, Uppsala University, Department of Economics.
    114. Nikolaos Kokonas & Paulo Santos Monteiro, 2023. "Self-fulfilling labor wedge fluctuations and unemployment insurance," Discussion Papers 2313, Centre for Macroeconomics (CFM).
    115. Boone, Christopher & Dube, Arindrajit & Goodman, Lucas & Kaplan, Ethan, 2016. "Unemployment Insurance Generosity and Aggregate Employment," IZA Discussion Papers 10439, Institute of Labor Economics (IZA).
    116. Annalisa Cristini & Piero Ferri & Anna Maria Variato, 2015. "Search Theories and Aggregate Demand," Review of Economics & Finance, Better Advances Press, Canada, vol. 5, pages 55-65, August.
    117. Birchenall, Javier A., 2024. "A competitive theory of mismatch," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
    118. Neil Mehrotra & Dmitriy Sergeyev, 2013. "Sectoral Shocks, the Beveridge Curve and Monetary Policy," 2013 Meeting Papers 919, Society for Economic Dynamics.
    119. Eriksson, Stefan & Stadin, Karolina, 2015. "What are the determinants of hiring? The role of demand and supply factors," Working Paper Series 2015:14, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    120. Pietro Tebaldi & Matthew Jackson, 2014. "A Forest Fire Theory of Recessions and Unemployment," 2014 Meeting Papers 120, Society for Economic Dynamics.
    121. Yuan, Wen Jin & Antonio, Katherine & Butcher, Arona, 2022. "Incorporating Industry-Specific Wages and Unemployment into the GTAP Model: U.S.-EU Trade Liberalization Scenarios," Conference papers 333450, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    122. Thomas Davoine, 2023. "Flexicurity, education and optimal labour market policies," LABOUR, CEIS, vol. 37(4), pages 592-625, December.
    123. Eriksson, Stefan & Stadin, Karolina, 2011. "The Determinants of Hiring in Local Labor Markets: The Role of Demand and Supply Factors," Working Paper Series 2011:19, Uppsala University, Department of Economics.
    124. Tumino, Alberto, 2015. "The scarring effect of unemployment from the early ‘90s to the Great Recession," ISER Working Paper Series 2015-05, Institute for Social and Economic Research.
    125. Marco Fongoni, 2018. "Workers' reciprocity and the (ir)relevance of wage cyclicality for the volatility of job creation," Working Papers 1809, University of Strathclyde Business School, Department of Economics.
    126. Landais, Camille & Giupponi, Giulia, 2018. "Subsidizing Labor Hoarding in Recessions: The Employment & Welfare Effects of Short Time Work," CEPR Discussion Papers 13310, C.E.P.R. Discussion Papers.

  27. Camille Landais & Pascal Michaillat & Emmanuel Saez, 2010. "A Macroeconomic Theory of Optimal Unemployment Insurance," NBER Working Papers 16526, National Bureau of Economic Research, Inc.

    Cited by:

    1. Adam M. Lavecchia, 2018. "Minimum Wage Policy with Optimal Taxes and Unemployment," Working Papers 1801E, University of Ottawa, Department of Economics.
    2. Henry S. Farber & Robert G. Valletta, 2013. "Do Extended Unemployment Benefits Lengthen Unemployment Spells? Evidence from Recent Cycles in the U.S. Labor Market," Working Papers 1450, Princeton University, Department of Economics, Industrial Relations Section..
    3. Rothstein, Jesse & Valletta, Robert G., 2014. "Scraping By: Income and Program Participation After the Loss of Extended Unemployment Benefits," IZA Discussion Papers 8022, Institute of Labor Economics (IZA).
    4. Philip Jung & Keith Kuester, 2011. "Optimal labor-market policy in recessions," Working Papers 11-48, Federal Reserve Bank of Philadelphia.
    5. Casey B. Mulligan, 2012. "Do Welfare Policies Matter for Labor Market Aggregates? Quantifying Safety Net Work Incentives since 2007," NBER Working Papers 18088, National Bureau of Economic Research, Inc.
    6. Davide Malacrino & Eran Hoffmann, 2016. "Employment Time and the Cyclicality of Earnings Growth," 2016 Meeting Papers 1556, Society for Economic Dynamics.
    7. Alisdair McKay & Ricardo Reis, 2016. "Optimal Automatic Stabilizers," Discussion Papers 1618, Centre for Macroeconomics (CFM).
    8. Johannes F. Schmieder & Till von Wachter, 2016. "The Effects of Unemployment Insurance Benefits: New Evidence and Interpretation," Annual Review of Economics, Annual Reviews, vol. 8(1), pages 547-581, October.
    9. Kory Kroft & Matthew J. Notowidigdo, 2016. "Should Unemployment Insurance Vary with the Unemployment Rate? Theory and Evidence," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 83(3), pages 1092-1124.
    10. Kurt Mitman & Stanislav Rabinovich, 2011. "Pro-cyclical Unemployment Benefits? Optimal Policy in an Equilibrium Business Cycle Model," PIER Working Paper Archive 11-023, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    11. Valletta, Robert G., 2014. "Recent Extensions of U.S. Unemployment Benefits: Search Responses in Alternative Labor Market States," IZA Discussion Papers 8247, Institute of Labor Economics (IZA).
    12. Rothstein, Jesse, 2011. "Unemployment Insurance and Job Search in the Great Recession," Department of Economics, Working Paper Series qt5611t356, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    13. Lommerud, Kjell Erik & Vagstad, Steinar & Straume, Odd Rune, 2016. "Employment protection and unemployment benefits: On technology adoption and job creation in a matching model," CEPR Discussion Papers 11192, C.E.P.R. Discussion Papers.
    14. Gabriel Chodorow-Reich & Loukas Karabarbounis, 2016. "The Limited Macroeconomic Effects of Unemployment Benefit Extensions," Working Papers 733, Federal Reserve Bank of Minneapolis.
    15. Inés Hardoy & Pål Schøne, 2014. "Does the impact of plant closure on labour market attachment differ between immigrants and native workers across the business cycle?," Empirical Economics, Springer, vol. 46(1), pages 229-252, February.
    16. Michaillat, Pascal, 2011. "Fiscal Multipliers Over the Business Cycle," CEPR Discussion Papers 8610, C.E.P.R. Discussion Papers.
    17. David Saha & Ronnie Schöb, 2019. "Unemployment insurance in unionized labor markets with mobile workers: neither Ghent nor centralized," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 46(2), pages 305-326, May.
    18. Jesse Rothstein & Till von Wachter, 2016. "Social Experiments in the Labor Market," NBER Working Papers 22585, National Bureau of Economic Research, Inc.
    19. Michaillat, Pascal & Saez, Emmanuel, 2014. "Aggregate demand, idle time, and unemployment," LSE Research Online Documents on Economics 86338, London School of Economics and Political Science, LSE Library.
    20. Florian Scheuer, 2013. "Optimal Asset Taxes in Financial Markets with Aggregate Uncertainty," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(3), pages 405-420, July.
    21. Michaillat, Pascal, 2012. "A Theory of Countercyclical Government-Consumption Multiplier," CEPR Discussion Papers 9052, C.E.P.R. Discussion Papers.
    22. Mr. Tom Krebs & Mr. Martin Scheffel, 2017. "Labor Market Institutions and the Cost of Recessions," IMF Working Papers 2017/087, International Monetary Fund.
    23. Meier, Mario & Obermeier, Tim, 2017. "Employer Screening, Unemployment Stigma and Optimal Unemployment Insurance," EconStor Preprints 148303, ZBW - Leibniz Information Centre for Economics.
    24. Martin Gervais, 2012. "Optimal Unemployment Insurance in a Directed Search Model," 2012 Meeting Papers 1177, Society for Economic Dynamics.
    25. Robin Boadway & Katherine Cuff, 2018. "Optimal unemployment insurance and redistribution," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 20(3), pages 303-324, June.
    26. Casey B. Mulligan, 2011. "The Expanding Social Safety Net," NBER Working Papers 17654, National Bureau of Economic Research, Inc.
    27. Lee, David & Saez, Emannuel, 2010. "Optimal Minimum Wage Policy in Competitive Labor Markets," Department of Economics, Working Paper Series qt07w2z7t6, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    28. Ek, Susanne, 2012. "Unemployment benefits or taxes: How should policy makers redistribute income over the business cycle?," Working Paper Series 2012:2, Uppsala University, Department of Economics.
    29. Taskin, Temel, 2011. "Unemployment insurance and home production," MPRA Paper 34878, University Library of Munich, Germany.
    30. Mr. Tom Krebs & Mr. Martin Scheffel, 2013. "Macroeconomic Evaluation of Labor Market Reform in Germany," IMF Working Papers 2013/042, International Monetary Fund.
    31. Pascal Michaillat & Emmanuel Saez, 2015. "The Optimal Use of Government Purchases for Stabilization," NBER Working Papers 21322, National Bureau of Economic Research, Inc.
    32. Scott Baker & Andrey Fradkin, 2011. "What Drives Job Search? Evidence from Google Search Data," Discussion Papers 10-020, Stanford Institute for Economic Policy Research.
    33. Michaillat, Pascal & Saez, Emmanuel, 2015. "The optimal use of government purchases for macroeconomic stabilization," LSE Research Online Documents on Economics 87160, London School of Economics and Political Science, LSE Library.
    34. Parkhomenko, Andrii, 2016. "Opportunity to Move: Macroeconomic Effects of Relocation Subsidies," MPRA Paper 75256, University Library of Munich, Germany.
    35. Machikita, Tomohiro & Kohara, Miki & Sasaki, Masaru, 2013. "The Effect of Extended Unemployment Benefit on the Job Finding Hazards: A Quasi-Experiment in Japan," IZA Discussion Papers 7559, Institute of Labor Economics (IZA).
    36. Johannes F. Schmieder & Till M. von Wachter & Stefan Bender, 2012. "The Effects of Extended Unemployment Insurance over the Business Cycle: Evidence from Regression Discontinuity Estimates Over Twenty Years," NBER Working Papers 17813, National Bureau of Economic Research, Inc.
    37. Thomas Piketty & Emmanuel Saez, 2012. "Optimal Labor Income Taxation," NBER Working Papers 18521, National Bureau of Economic Research, Inc.
    38. Pollak, Andreas, 2013. "Employment Insurance and the Business Cycle," MPRA Paper 49358, University Library of Munich, Germany.
    39. Stähler, Nikolai & Moyen, Stephane & Winkler, Fabian, 2016. "Optimal Unemployment Insurance and International Risk Sharing," VfS Annual Conference 2016 (Augsburg): Demographic Change 145612, Verein für Socialpolitik / German Economic Association.

Articles

  1. Pascal Michaillat & Emmanuel Saez, 2022. "An economical business-cycle model [Breaking through the zero lower bound]," Oxford Economic Papers, Oxford University Press, vol. 74(2), pages 382-411.
    See citations under working paper version above.
  2. Pascal Michaillat & Emmanuel Saez, 2021. "Resolving New Keynesian Anomalies with Wealth in the Utility Function," The Review of Economics and Statistics, MIT Press, vol. 103(2), pages 197-215, May.
    See citations under working paper version above.
  3. Erik Eyster & Kristóf Madarász & Pascal Michaillat, 2021. "Pricing Under Fairness Concerns," Journal of the European Economic Association, European Economic Association, vol. 19(3), pages 1853-1898.
    See citations under working paper version above.
  4. Pascal Michaillat & Emmanuel Saez, 2019. "Optimal Public Expenditure with Inefficient Unemployment," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(3), pages 1301-1331.

    Cited by:

    1. Michau, Jean-Baptiste, 2025. "Fiscal policy under secular stagnation: An optimal pump-priming strategy," Journal of Economic Dynamics and Control, Elsevier, vol. 175(C).
    2. Garin, Andrew, 2019. "Putting America to work, where? Evidence on the effectiveness of infrastructure construction as a locally targeted employment policy," Journal of Urban Economics, Elsevier, vol. 111(C), pages 108-131.
    3. CPD IRBD 2020 Team, 2020. "Responding to COVID-19: A Rapid Assessment of Stimulus Packages and Relief Measures," CPD Working Paper 136, Centre for Policy Dialogue (CPD).
    4. Pascal Michaillat, 2024. "Modeling Migration-Induced Unemployment," NBER Working Papers 33047, National Bureau of Economic Research, Inc.
    5. Epstein, Brendan & Nunn, Ryan & Orak, Musa & Patel, Elena, 2023. "Taxation, social welfare, and labor market frictions," European Economic Review, Elsevier, vol. 151(C).
    6. Julien Albertini & Stéphane Auray & Hafedh Bouakez & Aurélien Eyquem, 2019. "Taking off into the Wind: Unemployment Risk and State-Dependent Government Spending Multipliers," Post-Print halshs-02503455, HAL.
    7. Sergeyev, Dmitriy & Miyamoto, Wataru & Nguyen, Thu-Van, 2016. "Government Spending Multipliers under the Zero Lower Bound: Evidence from Japan," CEPR Discussion Papers 11633, C.E.P.R. Discussion Papers.
    8. Pascal Michaillat & Emmanuel Saez, 2014. "An Economical Business-Cycle Model," NBER Working Papers 19777, National Bureau of Economic Research, Inc.
    9. Paweł Kopiec, 2025. "Labor market slack, household inequality and monetary policy," NBP Working Papers 375, Narodowy Bank Polski.
    10. Javier Bianchi & Pablo Ottonello & Ignacio Presno, 2019. "Fiscal Stimulus under Sovereign Risk," NBER Working Papers 26307, National Bureau of Economic Research, Inc.
    11. Benzarti, Youssef & Harju, Jarkko, 2021. "Can payroll tax cuts help firms during recessions?," Journal of Public Economics, Elsevier, vol. 200(C).
    12. Mishel Ghassibe & Francesco Zanetti, 2022. "State Dependence of Fiscal Multipliers: the Source of Fluctuations Matters," BCAM Working Papers 2204, Birkbeck Centre for Applied Macroeconomics.
    13. Kopiec, Paweł, 2022. "The government spending multiplier in the Heterogeneous Agent New Keynesian model," European Economic Review, Elsevier, vol. 145(C).
    14. Landais, Camille & Michaillat, Pascal & Saez, Emmanuel, 2018. "A macroeconomic approach to optimal unemployment insurance: applications," LSE Research Online Documents on Economics 88303, London School of Economics and Political Science, LSE Library.
    15. Landais, Camille & Giupponi, Giulia & Lapeyre, Alice, 2021. "Should We Insure Workers or Jobs During Recessions?," CEPR Discussion Papers 16421, C.E.P.R. Discussion Papers.
    16. Michaillat, Pascal & Saez, Emmanuel, 2019. "Beveridgean Unemployment Gap," CEPR Discussion Papers 14132, C.E.P.R. Discussion Papers.
    17. Pascal Michaillat & Emmanuel Saez, 2024. "Beveridgean Phillips Curve," Papers 2401.12475, arXiv.org, revised Oct 2024.
    18. Michaillat, Pascal & Saez, Emmanuel, 2024. "Has the Recession Started?," Santa Cruz Department of Economics, Working Paper Series qt0h0295t7, Department of Economics, UC Santa Cruz.
    19. Kopiec, Pawel, 2019. "Household Heterogeneity and the Value of Government Spending Multiplier: an Analytical Characterization," MPRA Paper 93499, University Library of Munich, Germany.
    20. Paweł Kopiec, 2022. "A Theory of The Procyclical Effectiveness of Forward Guidance," KAE Working Papers 2022-081, Warsaw School of Economics, Collegium of Economic Analysis.
    21. Hickey, Rónán & Lozej, Matija & Smyth, Diarmaid, 2019. "Government Investment, Its Financing and the Public Capital Stock: A Small Open Economy Perspective," Research Technical Papers 9/RT/19, Central Bank of Ireland.
    22. Ogawa, Shogo, 2022. "Survey of non-Walrasian disequilibrium economic theory," MPRA Paper 115011, University Library of Munich, Germany.
    23. Hickey, Rónán & Lozej, Matija & Smyth, Diarmaid, 2020. "Financing government investment and its implications for public capital: A small open economy perspective," Economic Modelling, Elsevier, vol. 93(C), pages 620-641.

  5. Camille Landais & Pascal Michaillat & Emmanuel Saez, 2018. "A Macroeconomic Approach to Optimal Unemployment Insurance: Theory," American Economic Journal: Economic Policy, American Economic Association, vol. 10(2), pages 152-181, May.
    See citations under working paper version above.
  6. Camille Landais & Pascal Michaillat & Emmanuel Saez, 2018. "A Macroeconomic Approach to Optimal Unemployment Insurance: Applications," American Economic Journal: Economic Policy, American Economic Association, vol. 10(2), pages 182-216, May.
    See citations under working paper version above.
  7. Pascal Michaillat & Emmanuel Saez, 2015. "Aggregate Demand, Idle Time, and Unemployment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 130(2), pages 507-569.
    See citations under working paper version above.
  8. Pascal Michaillat, 2014. "A Theory of Countercyclical Government Multiplier," American Economic Journal: Macroeconomics, American Economic Association, vol. 6(1), pages 190-217, January.
    See citations under working paper version above.
  9. Pascal Michaillat, 2012. "Do Matching Frictions Explain Unemployment? Not in Bad Times," American Economic Review, American Economic Association, vol. 102(4), pages 1721-1750, June.
    See citations under working paper version above.
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