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Jean-Paul L'Huillier

Brandeis University

Waltham, MA 02454-9110

United States

http://https://sites.google.com/site/jplhuill/

SCHOLARLY PAPERS

14

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1,878

TOTAL CITATIONS
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Top 40,952

in Total Papers Citations

18

Scholarly Papers (14)

1.

Diagnostic Expectations and Macroeconomic Volatility

Number of pages: 68 Posted: 18 Feb 2021
Jean-Paul L'Huillier, Sanjay R. Singh and Donghoon Yoo
Brandeis University, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Korea University - Department of Economics
Downloads 299 (253,118)
Citation 1

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diagnostic expectations, rational expectations, general equilibrium solution method

2.

Incorporating Diagnostic Expectations into the New Keynesian Framework

Number of pages: 89 Posted: 02 Sep 2021 Last Revised: 03 Sep 2021
Jean-Paul L'Huillier, Sanjay R. Singh and Donghoon Yoo
Brandeis University, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Korea University - Department of Economics
Downloads 267 (284,962)
Citation 5

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Heuristics, representativeness, endogenous extrapolation, general equilibrium, shocks, volatility.

3.

The Slope of the Phillips Curve and the Mandate of the Central Bank 

Number of pages: 70 Posted: 11 Dec 2022 Last Revised: 11 Feb 2025
Jean-Paul L'Huillier, Gregory Phelan and William R. Zame
Brandeis University, Williams College and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 238 (323,233)
Citation 2

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Central bank design, policy-dependent price stickiness, Lucas critique

Can Supply Shocks Be Inflationary with a Flat Phillips Curve?

OFR 23-03
Number of pages: 70 Posted: 01 Mar 2023 Last Revised: 12 Feb 2026
Jean-Paul L'Huillier and Gregory Phelan
Brandeis University and Williams College
Downloads 165 (453,548)
Citation 2

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Cost-push shocks, shock dependence, price stickiness, output-inflation tradeoff. JEL classification: E31, E52, E58

Can Supply Shocks Be Inflationary with a Flat Phillips Curve?

FRB of Cleveland Working Paper No. 23-36, https://doi.org/10.26509/frbc-wp-202336
Number of pages: 68 Posted: 29 Dec 2023
Jean-Paul L'Huillier and Gregory Phelan
Brandeis University and Williams College
Downloads 45 (1,144,483)

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cost-push shocks, shock dependence, price stickiness, output-inflation trade-off

Technology Shocks and Predictable Minsky Cycles

Number of pages: 69 Posted: 22 Dec 2022 Last Revised: 30 Oct 2023
Jean-Paul L'Huillier, Gregory Phelan and Hunter Wieman
Brandeis University, Williams College and Princeton University
Downloads 131 (555,883)

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Cyclical propagation, Endogenous cycles, boom-bust dynamics, optimism, credit markets, predictability

Technology Shocks and Predictable Minsky Cycles

OFR 23-06
Number of pages: 63 Posted: 13 Jun 2023 Last Revised: 12 Feb 2026
Jean-Paul L'Huillier, Gregory Phelan and Hunter Wieman
Brandeis University, Williams College and Princeton University
Downloads 79 (819,435)

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cyclical propagation, endogenous cycles, boom-bust dynamics, optimism, credit markets, predictability

Raising the Inflation Target: How Much Extra Room Does It Really Give?

FRB of Cleveland Working Paper No. 20-16
Number of pages: 55 Posted: 19 Jun 2020
Jean-Paul L'Huillier and Raphael Schoenle
Brandeis University and Brandeis University
Downloads 182 (414,462)

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timidity trap, zero lower bound, liquidity traps, central bank design, inflation targeting, Lucas proof, price stability

Raising the Inflation Target: How Much Extra Room Does it Really Give?

CEPR Discussion Paper No. DP14142
Number of pages: 54 Posted: 04 Dec 2019
Jean-Paul L'Huillier and Raphael Schoenle
Brandeis University and Brandeis University
Downloads 3 (1,651,368)
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central bank design, Inflation targeting, liquidity traps, Lucas proof, price stability, Timidity trap, zero lower bound

7.

Why Do Supply Disruptions Lead to Inflation (While Demand Booms Do Not)Survey Evidence from the COVID Pandemic

Number of pages: 88 Posted: 17 Mar 2025 Last Revised: 26 Feb 2026
Gregory Phelan, Jean-Paul L'Huillier, Maximilian Weiss and Thomas Kohler
Williams College, Brandeis University, University of Tübingen and Independent Scholar
Downloads 106 (659,652)

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Inflation bursts, optimal strategies, price stickiness, price gouging

8.

Inflation Is a Supply Phenomenon

Number of pages: 28 Posted: 06 May 2025
Jean-Paul L'Huillier and Pablo Cuba-Borda
Brandeis University and Board of Governors of the Federal Reserve System
Downloads 87 (759,537)

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Phillips curve, inflation, price setting, monetary policy tradeoffs E00, E32, E65

9.

Short-Run Effects of Lower Productivity Growth. A Twist on the Secular Stagnation Hypothesis

NBER Working Paper No. w23160
Number of pages: 17 Posted: 13 Feb 2017 Last Revised: 14 Apr 2023
Olivier J. Blanchard, Guido Lorenzoni and Jean-Paul L'Huillier
National Bureau of Economic Research (NBER), Northwestern University and Brandeis University
Downloads 86 (765,566)

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10.

What Is Consumer Confidence?

ISER DP No. 1135R
Number of pages: 53 Posted: 08 Jun 2021 Last Revised: 10 May 2022
Donghoon Yoo, Jean-Paul L'Huillier and Robert Waldmann
Korea University - Department of Economics, Brandeis University and Universita di Roma Tor Vergata
Downloads 75 (837,727)

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Aggregate spending, confidence indices, noisy information

11.

Can Supply Shocks Be Infaltionary with a Flat Phillips Curve?

OFR Forthcoming
Number of pages: 62 Posted: 26 Apr 2023
Gregory Phelan and Jean-Paul L'Huillier
Williams College and Brandeis University
Downloads 61 (951,658)

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12.

Raising the Inflation Target: What are the Effective Gains in Policy Room?

Number of pages: 62 Posted: 25 Jul 2024
Jean-Paul L'Huillier and Raphael Schoenle
Brandeis University and Brandeis University
Downloads 29 (1,332,057)
Citation 2

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Zero lower bound, liquidity traps, central bank design, inflation targeting, Lucas-proof, price stability.

13.

A Behavioral Foundation for the Investment Wedge

Number of pages: 38 Posted: 20 Oct 2025
Jean-Paul L'Huillier, Sanjay R. Singh and Pierlauro Lopez
Brandeis University, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Federal Reserve Bank of Cleveland
Downloads 19 (1,470,786)

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Animal spirits, boom-bust cycles

14.

(Macro) Prudential Taxation of Good News

CEPR Discussion Paper No. DP13816
Number of pages: 38 Posted: 30 Jul 2019
Facundo Piguillem, Jean Flemming and Jean-Paul L'Huillier
Einaudi Institute for Economics and Finance (EIEF), Einaudi Institute for Economics and Finance (EIEF) and Brandeis University
Downloads 6 (1,566,597)
Citation 6
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financial crises, macroprudential policy, Pecuniary externality