Claudio Michelacci

CEMFI - Calle Casado del Alisal 5 - 28014 Madrid - Spain
Phone: +34 914 290 551 - Fax: +34 914 291 056 - E-mail: c.michelacci@cemfi.es

DOCTORAL STUDIES

Ph.D., London School of Economics, 1998

TEACHING

Macroeconomics. International Economics

CURRENT RESEARCH

Growth, search, labour

CURRICULUM VITAE (the following highlighted items can be downloaded in pdf format )

PUBLICATIONS

“Financial Markets and Wages,” (2009), [with Vincenzo Quadrini], Review of Economic Studies, 76 (2), 795-827.
“Social Contacts and Occupational Choice,” (2008), [with Samuel Bentolila and Javier Suarez], Economica, forthcoming. A Financial Time article about this paper. A Financial Time Deutschland article about this paper
“On the effects of Technology Shocks on Hours and Output: A Robustness Analysis ,” (2007), [with Fabio Canova and David Lopez Salido], Journal of Applied Econometrics, forthcoming
“Technology Shocks and Job Flows,” (2007), [with David Lopez Salido], Review of Economic Studies, 74. Replication Material (Data, Programs and Computational Appendix).
“Why So Many Local Entrepreneurs?,” (2007), [with Olmo Silva], Review of Economics and Statistics, 89(4).
“Incomplete Wage Posting,” (2006), [with Javier Suarez], Journal of Political Economy, 114 (6). Complementary note (“Incomplete Wage Posting with Ranking”)

“Borrowing from employees: Wage dynamics with Financial Constraints,” (2005), [with Vincenzo Quadrini], Journal of the European Economic Association, 3 (2-3).
“Cross-Sectional Heterogeneity and the Persistence of Aggregate Fluctuations,” (2004), Journal of Monetary Economics, October, 51, 1321-1352
“Business Creation and the Stock Market,” (2004), [with Javier Suarez], Review of Economic Studies, 71, 459-481. A Corriere della Sera article about this paper
“Low Returns in R&D Due to the Lack of Entrepreneurial Skills,” (2003), Economic Journal, 113, 207-225
“(Fractional) Beta Convergence,” (2000), [with Paolo Zaffaroni], Journal of Monetary Economics, 45, 129-153
“Unemployment Dynamics across OECD Countries,” (2001), [with R. Balakrishnan], European Economic Review, 45, 135-165
“Employment and Output Adjustment in the OECD: A Disaggregate Analysis of the Role of Job Security Provisions,” (2000), [with Simon Burgess and Michael Knetter], Economica, 67, 419-435

BOOKS

“Labour Market Adjustments in Europe,” (2005), [edited with Julián Messina, Jarkko Turunen, and Gylfi Zoega], Edward Elgar Publishing Ltd

WORKING PAPERS

“The Effects of Labor Market Conditions on Working Time: the US-EU Experience,” (2008), [with Josep Pijoan], mimeo, CEMFI, CEPR DP 6314
“Does Idiosyncratic Business Risk Matter?,” (2008), [with Fabiano Schivardi], mimeo, CEMFI
“What do Technology shocks tell us about the Ins and Outs of unemployment?,” (2008), [with Fabio Canova and David Lopez Salido], mimeo, CEMFI.
“Schumpeterian Technology Shocks,” (2007), [with Fabio Canova and David Lopez Salido], mimeo, CEMFI. Complementary material: Paper Appendices; Computational Appendix.

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