NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Optimal Unemployment Insurance over the Business Cycle

Camille Landais, Pascal Michaillat, Emmanuel Saez

NBER Working Paper No. 16526
Issued in November 2010

---- Acknowledgements -----

We thank the editor Michèle Tertilt, Daron Acemoglu, George Akerlof, Varanya Chaubey, Raj Chetty, Sanjay Chugh, Peter Diamond, Emmanuel Farhi, Jordi Galí, Mikhail Golosov, Yuriy Gorodnichenko, David Gray, Philipp Kircher, Etienne Lehmann, Guido Lorenzoni, Emi Nakamura, Christopher Pissarides, Robert Shimer, Johannes Spinnewijn, Jón Steinsson, Aleh Tsyvinski, IvánWerning, three anonymous referees, and numerous seminar and conference participants for helpful discussions and comments. This work was supported by the Center for Equitable Growth at the University of California Berkeley, the British Academy, the Economic and Social Research Council [grant number ES/K008641/1], and the Institute for New Economic Thinking. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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