Details about Pascal Michaillat

Access statistics for papers by Pascal Michaillat.

Last updated 2025-04-03. Update your information in the RePEc Author Service.

Short-id: pmi1005

Working Papers

2024

1. $u^* = \sqrt{uv}$
   Papers, arXiv.org
2. Beveridgean Phillips Curve
   Papers, arXiv.org
3. Has the Recession Started?
   Papers, arXiv.org
4. Modeling Migration-Induced Unemployment
   Papers, arXiv.org
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024)

2023

5. Critical Values Robust to P-hacking
   Papers, arXiv.org View citations (1)
6. Modeling the Displacement of Native Workers by Immigrants
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2022

7. Incentive-Compatible Critical Values
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
8. u* = √uv
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2021

9. An Economical Business-Cycle Model
   Papers, arXiv.org View citations (1)
   Also in 2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (55)
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014) View citations (57)
   NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (65)
   Discussion Papers, Centre for Macroeconomics (CFM) (2014) View citations (56)
   Working Papers Series, Institute for New Economic Thinking (2014) View citations (55)
   See also Journal Article An economical business-cycle model, Oxford Economic Papers, Oxford University Press (2022) View citations (10) (2022)
10. Beveridgean Unemployment Gap
    Papers, arXiv.org View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (4)
    NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (4)

2020

11. Pricing under Fairness Concerns
    Papers, arXiv.org View citations (5)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2020) View citations (5)
    See also Journal Article Pricing Under Fairness Concerns, Journal of the European Economic Association, European Economic Association (2021) View citations (8) (2021)

2019

12. Resolving New Keynesian Anomalies with Wealth in the Utility Function
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (31)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (18)
    Papers, arXiv.org (2019) View citations (29)
    See also Journal Article Resolving New Keynesian Anomalies with Wealth in the Utility Function, The Review of Economics and Statistics, MIT Press (2021) View citations (45) (2021)

2018

13. A New Keynesian Model with Wealth in the Utility Function
    2018 Meeting Papers, Society for Economic Dynamics View citations (25)
14. A macroeconomic approach to optimal unemployment insurance: applications
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (93)
    See also Journal Article A Macroeconomic Approach to Optimal Unemployment Insurance: Applications, American Economic Journal: Economic Policy, American Economic Association (2018) View citations (120) (2018)
15. A macroeconomic approach to optimal unemployment insurance: theory
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (90)
    See also Journal Article A Macroeconomic Approach to Optimal Unemployment Insurance: Theory, American Economic Journal: Economic Policy, American Economic Association (2018) View citations (132) (2018)

2017

16. Beetles: Biased Promotions and Persistence of False Belief
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (3)
17. Pricing when Customers Care about Fairness but Misinfer Markups
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2016

18. The Optimal Use of Government Purchases for Stabilization
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (5)

2015

19. Aggregate demand, idle time, and unemployment
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (89)
    Also in Upjohn Working Papers, W.E. Upjohn Institute for Employment Research (2014) View citations (8)
    Discussion Papers, Centre for Macroeconomics (CFM) (2014) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (5)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014)
    See also Journal Article Aggregate Demand, Idle Time, and Unemployment, The Quarterly Journal of Economics, President and Fellows of Harvard College (2015) View citations (102) (2015)
20. Preferences for Fair Prices, Cursed Inferences, and the Nonneutrality of Money
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (3)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2015) View citations (4)
21. The Optimal Use of Government Purchases for Macroeconomic Stabilization
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (7)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2015) View citations (3)

2014

22. A theory of countercyclical government multiplier
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (115)
    See also Journal Article A Theory of Countercyclical Government Multiplier, American Economic Journal: Macroeconomics, American Economic Association (2014) View citations (113) (2014)
23. The Curse of Inflation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014)
    Discussion Papers, Centre for Macroeconomics (CFM) (2014) View citations (1)

2013

24. A Model of Aggregate Demand and Unemployment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2013) View citations (10)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2013) View citations (10)
25. A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters
    2013 Meeting Papers, Society for Economic Dynamics View citations (6)
26. Optimal Unemployment Insurance over the Business Cycle
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (11)
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (12)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2011) View citations (61)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2010) View citations (87)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2013) View citations (29)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (92)

2012

27. A Theory of Countercyclical Government-Consumption Multiplier
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2012) View citations (2)
28. Fiscal Multipliers over the Business Cycle
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (13)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2012)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (14)
29. Jobs in a recession
    CentrePiece - The magazine for economic performance, Centre for Economic Performance, LSE

2010

30. A Macroeconomic Theory of Optimal Unemployment Insurance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)
31. Do Matching Frictions Explain Unemployment? Not in Bad Times
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (56)
    See also Journal Article Do Matching Frictions Explain Unemployment? Not in Bad Times, American Economic Review, American Economic Association (2012) View citations (201) (2012)

Journal Articles

2022

1. An economical business-cycle model
   (Breaking through the zero lower bound)
   Oxford Economic Papers, 2022, 74, (2), 382-411 View citations (10)
   See also Working Paper An Economical Business-Cycle Model, Papers (2021) View citations (1) (2021)

2021

2. Pricing Under Fairness Concerns
   Journal of the European Economic Association, 2021, 19, (3), 1853-1898 View citations (8)
   See also Working Paper Pricing under Fairness Concerns, Papers (2020) View citations (5) (2020)
3. Resolving New Keynesian Anomalies with Wealth in the Utility Function
   The Review of Economics and Statistics, 2021, 103, (2), 197-215 View citations (45)
   See also Working Paper Resolving New Keynesian Anomalies with Wealth in the Utility Function, CEPR Discussion Papers (2019) View citations (31) (2019)

2019

4. Optimal Public Expenditure with Inefficient Unemployment
   The Review of Economic Studies, 2019, 86, (3), 1301-1331 View citations (33)

2018

5. A Macroeconomic Approach to Optimal Unemployment Insurance: Applications
   American Economic Journal: Economic Policy, 2018, 10, (2), 182-216 View citations (120)
   See also Working Paper A macroeconomic approach to optimal unemployment insurance: applications, LSE Research Online Documents on Economics (2018) View citations (93) (2018)
6. A Macroeconomic Approach to Optimal Unemployment Insurance: Theory
   American Economic Journal: Economic Policy, 2018, 10, (2), 152-81 View citations (132)
   See also Working Paper A macroeconomic approach to optimal unemployment insurance: theory, LSE Research Online Documents on Economics (2018) View citations (90) (2018)

2015

7. Aggregate Demand, Idle Time, and Unemployment
   The Quarterly Journal of Economics, 2015, 130, (2), 507-569 View citations (102)
   See also Working Paper Aggregate demand, idle time, and unemployment, LSE Research Online Documents on Economics (2015) View citations (89) (2015)

2014

8. A Theory of Countercyclical Government Multiplier
   American Economic Journal: Macroeconomics, 2014, 6, (1), 190-217 View citations (113)
   See also Working Paper A theory of countercyclical government multiplier, LSE Research Online Documents on Economics (2014) View citations (115) (2014)

2012

9. Do Matching Frictions Explain Unemployment? Not in Bad Times
   American Economic Review, 2012, 102, (4), 1721-50 View citations (201)
   See also Working Paper Do Matching Frictions Explain Unemployment? Not in Bad Times, CEP Discussion Papers (2010) View citations (56) (2010)