WORKING PAPERS
A New Keynesian Model with Wealth in the Utility Function
Pascal Michaillat, Emmanuel Saez | February 2018
Beetles: Biased Promotions and Persistence of False Belief
George Akerlof, Pascal Michaillat | November 2017
Pricing When Customers Care about Fairness but Misinfer Markup
Erik Eyster, Kristof Madarasz, Pascal Michaillat | September 2017
Monetary Policy and Unemployment: A Matching Approach
Pascal Michaillat, Emmanuel Saez | April 2016
An Economical Business-Cycle Model
Pascal Michaillat, Emmanuel Saez | April 2015
PUBLISHED PAPERS
Optimal Public Expenditure with Inefficient Unemployment
Pascal Michaillat, Emmanuel Saez | Review of Economic Studies | June 2018
A Macroeconomic Approach to Optimal Unemployment Insurance: Applications
Camille Landais, Pascal Michaillat, Emmanuel Saez | American Economic Journal: Economic Policy | May 2018
A Macroeconomic Approach to Optimal Unemployment Insurance: Theory
Camille Landais, Pascal Michaillat, Emmanuel Saez | American Economic Journal: Economic Policy | May 2018
Aggregate Demand, Idle Time, and Unemployment
Pascal Michaillat, Emmanuel Saez | Quarterly Journal of Economics | May 2015
A Theory of Countercyclical Government Multiplier
Pascal Michaillat | American Economic Journal: Macroeconomics | January 2014
Do Matching Frictions Explain Unemployment? Not in Bad Times
Pascal Michaillat | American Economic Review | June 2012