Pascal Michaillat

lectures on unemployment


author・Pascal Michaillat
​date・December 2020
school・Brown University
permalink・https://www.pascalmichaillat.org/t1.html

the matching function


lecture 1・The Matching Function

notes 1・The Matching Function

reading 1・Looking into the Black Box: A Survey of the Matching Function
reading 2・The Beveridge Curve: A Survey

the matching model of the labor market


lecture 2・Introduction to the Matching Model
lecture 3・Labor Supply in the Matching Model
lecture 4・Labor Demand in the Matching Model
lecture 5・Equilibrium in the Matching Model

notes 2・The Matching Model of the Labor Market

reading 3・Equilibrium Unemployment Theory
reading 4・Search-Theoretic Models of the Labor Market: A Survey

wages & unemployment fluctuations


lecture 6・Unemployment Fluctuations in the Data
lecture 7・Wage Functions
lecture 8・Unemployment Fluctuations with Rigid Wages
lecture 9・Unemployment Fluctuations with Bargained Wages

notes 3・Wages & Unemployment Fluctuations​

reading 5・The Cyclical Behavior of Equilibrium Unemployment and Vacancies
reading 6・Employment Fluctuations with Equilibrium Wage Stickiness

frictional & rationing unemployment


lecture 10・Absence of Job Rationing in Standard Models
lecture 11・A Matching Model with Job Rationing (Part 1)
lecture 12・A Matching Model with Job Rationing (Part 2)

notes 4・Frictional & Rationing Unemployment

reading 7・Do Matching Frictions Explain Unemployment? Not in Bad Times
reading 8・Aggregate Demand, Idle Time, and Unemployment

efficient unemployment & unemployment gap


lecture 13・Efficient Unemployment in the Matching Model
lecture 14・Efficient Unemployment in Beveridgean Models

notes 5・Efficient Unemployment & Unemployment Gap

reading 9・Beveridgean Unemployment Gap
reading 10・On the Efficiency of Matching and Related Models of Search and Unemployment

government policies


lecture 15・Wage Policies
lecture 16・Public Employment
lecture 17・Unemployment Insurance (Part 1)
lecture 18・Unemployment Insurance (Part 2)

notes 6・Government Policies

reading 11・A Theory of Countercyclical Government Multiplier
reading 12・A Macroeconomic Approach to Optimal Unemployment Insurance: Theory