Claudio Michelacci

Centre for Monetary and Financial Studies (CEMFI)

Professor

Casado del Alisal 5

28014 Madrid

Spain

Centre for Economic Policy Research (CEPR)

Fellow

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

SCHOLARLY PAPERS

23

DOWNLOADS

484

CITATIONS
Rank 2,678

SSRN RANKINGS

Top 2,678

in Total Papers Citations

208

Scholarly Papers (23)

1.
Downloads 19 ( 72,302)
Citation 40

Business Creation and the Stock Market

CEPR Discussion Paper No. 3513
Number of pages: 45 Posted: 14 Jul 2003
Claudio Michelacci and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 19 (449,984)
Citation 40
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Abstract:

Start-ups, going public, venture capital, growth

Low Returns in R&D Due to the Lack of Entrepreneurial Skills

CEMFI Working Paper No. 0201
Number of pages: 31 Posted: 16 Jan 2002
Claudio Michelacci
Centre for Monetary and Financial Studies (CEMFI)
Downloads 91 (229,635)
Citation 18

Abstract:

R&D, Entrepreneurship, Search with endogenous growth

Low Returns in R&D Due to the Lack of Entrepreneurial Skills

The Economic Journal, Vol. 113, pp. 207-225, 2003
Number of pages: 19 Posted: 08 Mar 2003
Claudio Michelacci
Centre for Monetary and Financial Studies (CEMFI)
Downloads 17 (461,329)
Citation 18
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Abstract:

Low Returns in R&D Due to the Lack of Entrepreneurial Skills

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 09 Nov 2009
Claudio Michelacci
Centre for Monetary and Financial Studies (CEMFI)

Abstract:

Theoretical, Innovation process, Commercialization, Public policies, Economic growth, Labor supply, Skills, Growth theory, Inventors, R&D, Growth strategies, Inventions

3.

Labor Market Effects of Technology Shocks

Banco de España Research Paper No. WP-0719,
Number of pages: 68 Posted: 03 Jul 2007
Fabio Canova, J. David Lopez-Salido and Claudio Michelacci
Universitat Pompeu Fabra - Department of Economics and Business (DEB), Banco de España - Research Department and Centre for Monetary and Financial Studies (CEMFI)
Downloads 82 (218,520)
Citation 9

Abstract:

search frictions, technological progress, creative

4.
Downloads 45 (330,171)
Citation 4

Incomplete Wage Posting

CEMFI Working Paper No. 0203
Number of pages: 48 Posted: 30 Oct 2002
Claudio Michelacci and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 45 (336,106)
Citation 4

Abstract:

Search frictions, bargaining, directed search, adverse selection, wage inequality

Incomplete Wage Posting

Journal of Political Economy, Vol. 114, pp. 1098-1123, December 2006
Posted: 12 Dec 2006
Claudio Michelacci and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)

Abstract:

5.
Downloads 41 (342,633)
Citation 5

Financial Markets and Wages

NBER Working Paper No. w11050
Number of pages: 47 Posted: 10 Feb 2005
Claudio Michelacci and Vincenzo Quadrini
Centre for Monetary and Financial Studies (CEMFI) and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 29 (396,487)
Citation 5

Abstract:

Financial Markets and Wages

CEPR Discussion Paper No. 4867
Number of pages: 48 Posted: 13 May 2005
Claudio Michelacci and Vincenzo Quadrini
Centre for Monetary and Financial Studies (CEMFI) and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 12 (489,984)
Citation 5
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Abstract:

Investment financing, long-term contracts, wages

6.

On the Robust Effects of Technology Shocks on Hours Worked and Output

Number of pages: 29 Posted: 25 Jul 2007
Fabio Canova, J. David Lopez-Salido and Claudio Michelacci
Universitat Pompeu Fabra - Department of Economics and Business (DEB), Banco de España - Research Department and Centre for Monetary and Financial Studies (CEMFI)
Downloads 40 (324,334)
Citation 4

Abstract:

Technology disturbances, structural VARs, low frequency movements, news shocks

7.
Downloads 23 (414,224)
Citation 26

Social Contacts and Occupational Choice

CEPR Discussion Paper No. 4308
Number of pages: 41 Posted: 21 Apr 2004
Samuel Bentolila, Claudio Michelacci and Javier Suarez
Centro de Estudios Monetarios y Financieros (CEMFI), Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 22 (432,866)
Citation 26
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Abstract:

Search, mismatch, occupational mobility

Social Contacts and Occupational Choice

Economica, Vol. 77, Issue 305, pp. 20-45, January 2010
Number of pages: 26 Posted: 28 Dec 2009
Samuel Bentolila, Claudio Michelacci and Javier Suarez
Centro de Estudios Monetarios y Financieros (CEMFI), Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 1 (553,578)
Citation 26
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Abstract:

8.

Low Returns in R&D Due to Lack of Entrepreneurial Skills

CEPR Discussion Paper No. 3179
Number of pages: 32 Posted: 21 Feb 2002
Claudio Michelacci
Centre for Monetary and Financial Studies (CEMFI)
Downloads 22 (419,274)
Citation 18
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Abstract:

Search with endogenous growth, R&D, entrepreneurship

9.

Why So Many Local Entrepreneurs?

CEPR Discussion Paper No. 5828
Number of pages: 54 Posted: 10 Nov 2006
Claudio Michelacci and Olmo Silva
Centre for Monetary and Financial Studies (CEMFI) and London School of Economics & Political Science (LSE) - Department of Geography and Environment
Downloads 21 (424,373)
Citation 30
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Abstract:

Entrepreneurship, economic and financial development, social capital

10.

Technology Shocks and Job Flows

CEPR Discussion Paper No. 4426
Number of pages: 71 Posted: 06 Jul 2004
Claudio Michelacci and J. David Lopez-Salido
Centre for Monetary and Financial Studies (CEMFI) and Banco de España - Research Department
Downloads 20 (429,469)
Citation 19
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Abstract:

Search frictions, technological progress, creative destruction

11.

Cross-Sectional Heterogeneity and the Persistence of Aggregate Fluctuations

CEPR Discussion Paper No. 4302
Number of pages: 44 Posted: 16 Apr 2004
Claudio Michelacci
Centre for Monetary and Financial Studies (CEMFI)
Downloads 14 (460,136)
Citation 4
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Abstract:

Long memory, Gibrat's law, vintage models

12.

The Cyclical Behavior of Equilibrium Unemployment and Vacancies in the Us and Europe

NBER Working Paper No. w17429
Number of pages: 72 Posted: 21 Sep 2011
Alejandro Justiniano, Alejandro Justiniano and Claudio Michelacci
Federal Reserve Bank of Chicago, Federal Reserve Bank of Chicago and Centre for Monetary and Financial Studies (CEMFI)
Downloads 9 (470,405)
Citation 1

Abstract:

13.

The Effects of Technology Shocks on Hours and Output: A Robustness Analysis

CEPR Discussion Paper No. DP6720
Number of pages: 32 Posted: 11 Jun 2008
Fabio Canova, J. David López-Salido and Claudio Michelacci
Universitat Pompeu Fabra - Department of Economics and Business (DEB), Board of Governors of the Federal Reserve System and Centre for Monetary and Financial Studies (CEMFI)
Downloads 4 (508,344)
Citation 9
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Abstract:

Long cycles, News shocks, Structural VARs, Technology disturbances

14.

The Effects of Labor Market Conditions on Working Time: The US-EU Experience

CEPR Discussion Paper No. DP6314
Number of pages: 50 Posted: 28 May 2008
Claudio Michelacci and Josep Pijoan-Mas
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 4 (508,344)
Citation 2
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Abstract:

Human capital, search, unemployment, wage inequality, working hours

15.

The Labour Market Effects of Technology Shocks

CEPR Discussion Paper No. DP6365
Number of pages: 64 Posted: 23 May 2008
Fabio Canova, J. David Lopez-Salido and Claudio Michelacci
Universitat Pompeu Fabra - Department of Economics and Business (DEB), Banco de España - Research Department and Centre for Monetary and Financial Studies (CEMFI)
Downloads 4 (508,344)
Citation 5
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Abstract:

Creative destruction, Search frictions, technological progress

16.

Labor Supply with Job Assignment Under Balanced Growth

CEPR Discussion Paper No. DP9296
Number of pages: 37 Posted: 01 Feb 2013
Claudio Michelacci and Josep Pijoan-Mas
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 2 (518,060)
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Abstract:

job heterogeneity, participation, wage inequality, working hours

17.

Does Idiosyncratic Business Risk Matter?

CEPR Discussion Paper No. DP6910
Number of pages: 48 Posted: 20 Aug 2008
Claudio Michelacci and Fabiano Schivardi
Centre for Monetary and Financial Studies (CEMFI) and Einaudi Institute for Economics and Finance (EIEF)
Downloads 1 (526,088)
Citation 13
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Abstract:

Entrepreneurship, financial frictions, growth

18.

Ambiguous Policy Announcements

CEPR Discussion Paper No. DP11754
Number of pages: 54 Posted: 09 Jan 2017
Claudio Michelacci and Luigi Paciello
Centre for Monetary and Financial Studies (CEMFI) and Einaudi Institute for Economics and Finance (EIEF)
Downloads 0 (536,169)
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Abstract:

19.

Optimal Life Cycle Unemployment Insurance

CEPR Discussion Paper No. DP10167
Number of pages: 100 Posted: 30 Sep 2014
Claudio Michelacci and Hernán M. Ruffo
Centre for Monetary and Financial Studies (CEMFI) and Universidad Torcuato Di Tella
Downloads 0 (536,169)
Citation 1
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Abstract:

insurance, search, unemployment

20.

The Ins and Outs of Unemployment: An Analysis Conditional on Technology Shocks

The Economic Journal, Vol. 123, Issue 569, pp. 515-539, 2013
Number of pages: 25 Posted: 08 Jun 2013
Fabio Canova, David Lopez-Salido and Claudio Michelacci
Universitat Pompeu Fabra - Department of Economics and Business (DEB), Board of Governors of the Federal Reserve System and Centre for Monetary and Financial Studies (CEMFI)
Downloads 0 (536,169)
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Abstract:

21.

Employment and Output Adjustment in the OECD: A Disaggregate Analysis of the Role of Job Security Provisions

Economica, Vol. 67, Issue 267, August 2000
Posted: 13 Nov 2001
Simon M. Burgess, Michael M. Knetter and Claudio Michelacci
University of Bristol - Department of Economics, University of Wisconsin - Madison - School of Business and Centre for Monetary and Financial Studies (CEMFI)

Abstract:

22.

(Fractional) Beta Convergence

Journal of Monetary Economics,Vol. 45, No. 1, February 1,2000
Posted: 23 Sep 2001
Claudio Michelacci
Centre for Monetary and Financial Studies (CEMFI)

Abstract:

23.

Beta Convergence

London School of Economics WP 97-332
Posted: 09 Mar 1998
Claudio Michelacci and P. Zaffaroni
Centre for Monetary and Financial Studies (CEMFI) and London School of Economics and Political Science

Abstract: