Pascal Michaillat

Pascal Michaillat is an Associate Professor of Economics at the University of California, Santa Cruz. He completed his PhD in Economics at the University of California, Berkeley in 2010 under the supervision of George Akerlof and Yuriy Gorodnichenko. After that he worked at the London School of Economics and Brown University. His research tries to understand why economic slack—especially unemployment—exists, why slack fluctuates so much over the business cycle, and how monetary and fiscal policy should respond to cyclical fluctuations in slack.