CV - Universitat Pompeu Fabra

UNIVERSITAT POMPEU FABRA
LIEN LAUREYS
http://www.econ.upf.edu/jobmarket/laureys.html
lien.laureys@upf.edu
Placement Director: Fabrizio Germano fabrizio.germano@upf.edu +34-93-542-2729
Graduate Coordinator: Marta Araque marta.araque@upf.edu +34-93-542-2226
Office Contact Information Personal Information
Universitat Pompeu Fabra Gender: Female
Department of Economics and Business Citizenship: Belgian
Ramon Trias Fargas, 25-27 Date of Birth: 21 June 1985
08005 Barcelona, Spain
Cell Phone: +34-63-316-1985
Graduate Studies
Universitat Pompeu Fabra, Spain
PhD in Economics, 2008-present
Supervisor: Jordi Galí
Expected Completion Date: June 2013
University of Minnesota, United States
Visiting student, January 2012-February 2012
Universitat Pompeu Fabra, Spain
Master of Research in Economics (with honors), 2007-2009
Undergraduate Studies
Ghent University, Belgium
Licentiate/Master in Economics (with highest honors), 2003-2007
University Paris 1 Panthéon-Sorbonne, France
Erasmus student, 2005-2006
References
Professor Jordi Galí Professor Thijs van Rens Professor Régis Barnichon
UPF / CREI University of Warwick UPF/CREI
Ramon Trias Fargas, 25-27 Coventry, CV4 7AL Ramon Trias Fargas, 25-27
08005 Barcelona, Spain United Kingdom 08005 Barcelona, Spain
+34-93-542-2754 +44-2476-151-423 +34-93-542-2740
jgali@crei.cat J.M.van-Rens@warwick.ac.uk rbarnichon@crei.cat
Research and Teaching Fields
Macroeconomics, Labor Economics, Monetary Economics

Teaching Experience
Spring 2012 Advanced Macroeconomics II (graduate), UPF
Teaching assistant for Jordi Galí and Thijs van Rens
Spring 2011 Advanced Macroeconomics II (graduate), UPF
Teaching assistant for Jordi Galí and Thijs van Rens
Spring 2010 Advanced Macroeconomics II (graduate), UPF
Teaching assistant for Jordi Galí and Thijs van Rens
Winter 2010 Statistics (undergraduate),UPF
Teaching assistant for Alejandra Cabaña
Winter 2010 Game Theory (undergraduate), UPF
Teaching assistant for Fabrizio Germano
Spring 2009 Advanced Macroeconomics II (graduate), UPF
Teaching assistant for Jordi Galí and Thijs van Rens
Spring 2009 Applied Macroeconomics (undergraduate), UPF
Teaching assistant for Andrea Caggese
Winter 2009 Financial Economics (undergraduate), UPF
Teaching assistant for Josep Perelló
Research Experience
2009-2010 Research assistant for Jordi Galí
Conferences
Dec 2012 Spanish Economic Association Annual Meeting (Vigo) - scheduled
Jun 2012 Annual Search and Matching Meeting (Cyprus)
Aug 2011 European Economic Association Meeting (Oslo)
Jun 2011 XVI Workshop on Dynamic Macroeconomics (Vigo)
Seminars
2008-2012 Macroeconomics Breakfast Seminar (UPF/CREI)
Nov 2012 Macroeconomics Seminar (Universitat Autònoma de Barcelona)
Oct 2012 Macro Group (University of Warwick)
Feb 2012 Workshop in Trade and Development (University of Minnesota)
Honors, Scholarships, and Fellowships:
Oct 2010-present FPU Grant by the Ministry of Education of the Spanish Government
Jan-Sep 2010 FI AGAUR Grant by the Catalan Government
Languages
Dutch (native), English (Fluent), French (Fluent), Spanish (Fluent)
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Research Papers
The Cost of Human Capital Depreciation during Unemployment (Job Market Paper)
There is evidence that workers’ skills erode during periods of unemployment. This issue seems of particular
concern now that unemployment duration has increased in the Great Recession. I argue that loss of skill
during unemployment generates an externality in job creation: firms ignore how their hiring decisions affect
the skill composition of the unemployment pool, and hence the output produced by new hires. Overall, job
creation is too low, but contrary to conventional wisdom less so in recessions than in booms. The larger
share of job-seekers with eroded skills in the unemployment pool in recessions lowers the social cost of
having a worker losing her skills because it decreases the expected difference in productivity between a new
hire and a job-seeker with eroded skills. As a consequence, everything else equal, loss of skill during
unemployment may warrant procyclical employment subsidies.
Optimal Monetary Policy in the Presence of Human Capital Depreciation during Unemployment
This paper looks at how the prescription for conducting monetary policy changes once it is taken into
account that workers’ human capital depreciates during periods of unemployment. Human capital
depreciation during unemployment is introduced into an otherwise standard New Keynesian model with
search frictions in the labor market. Skill erosion has potential implications for optimal monetary policy
because in its presence the flexible-price allocation is not constrained-efficient. This is a consequence of a
composition externality related to job creation: firms ignore how their hiring decisions affect the extent to
which the unemployed workers’ skills erode, and hence the output that can be produced by new matches.
Although optimal price inflation is no longer zero, strict inflation targeting is shown to stay close to the
optimal policy.
Fiscal Stimulus and Labor Market Outcomes: The Role of Short-Run Wealth Effects and Wage
Rigidity
How does the effect of an increase in government spending on labor market outcomes depend on the shortrun
wealth effect? In a classical framework, the role of the short-run wealth effect in generating a positive
employment response is crucial because it drives the increase in labor supply which induces this response. In
a New Keynesian framework with sticky prices and wages, the short-run wealth effect plays a less important
role because fiscal stimulus also increases labor demand. I find that higher degrees of wage rigidity lower the
role of the short-run wealth effect in obtaining a given employment increase: more rigid wages reduce the
importance of an increase in labor supply to limit the upward pressure on wages triggered by the increase in
labor demand. Moreover, an increase in government spending only decreases the unemployment rate when
the labor demand effect more than offsets the increase in labor supply.
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