98 citations · 163 across the 5 of their papers we have counts for
5 papers
Critical Values Robust to P-hacking
Adam McCloskey, Pascal Michaillat
P-hacking is prevalent in reality but absent from classical hypothesis testing theory. As a consequence, significant results are much more common than they are supposed to be when…
An Economical Business-Cycle Model
Pascal Michaillat, Emmanuel Saez
This paper develops a new model of business cycles. The model is economical in that it is solved with an aggregate demand-aggregate supply diagram, and the effects of shocks and po…
Beveridgean Unemployment Gap
Pascal Michaillat, Emmanuel Saez
This paper develops a sufficient-statistic formula for the unemployment gap -- the difference between the actual unemployment rate and the efficient unemployment rate. While loweri…
Resolving New Keynesian Anomalies with Wealth in the Utility Function
Pascal Michaillat, Emmanuel Saez
At the zero lower bound, the New Keynesian model predicts that output and inflation collapse to implausibly low levels, and that government spending and forward guidance have impla…
Pricing under Fairness Concerns
Erik Eyster, Kristof Madarasz, Pascal Michaillat
This paper proposes a theory of pricing premised upon the assumptions that customers dislike unfair prices---those marked up steeply over cost---and that firms take these concerns…