Benoit Julien

Associate Professor

My main research focus is on developing theoretical macroeconomic and monetary economic models with frictional markets, and to investigate how different forms of frictions (information, coordination, financial), along with different pricing mechanisms, affect equilibrium market allocations. In particular, such models are suitable to investigate how the equilibrium choice variables such as monetary, asset, consumption, physical and human capital depend on frictions and pricing environments.​​​

  • President, Australasian Macroeconomic Society (AMS)

Research Interests:

  • Search and matching
  • Labour markets
  • Monetary economics
  • Macroeconomics
  • Auctions and industrial organization

 

ASB Profile: http://www.asb.unsw.edu.au/schools/Pages/BenoitJulien.aspx

Journal articles
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Han H; Julien B; Petursdottir A; Wang L, 2019, 'Asset liquidity and indivisibility', European Economic Review, vol. 119, pp. 236 - 250, http://dx.doi.org/10.1016/j.euroecorev.2019.07.008
2019
Gomis-Porqueras P; Julien B; Wang L, 2018, 'Competitive search with ex-post opportunism', B.E. Journal of Theoretical Economics, vol. 18, http://dx.doi.org/10.1515/bejte-2016-0083
2018
Julien B; Kennes J; Ritter M, 2018, 'Bidding for teams', Labour Economics, vol. 52, pp. 68 - 73, http://dx.doi.org/10.1016/j.labeco.2018.04.001
2018
Julien B; Roger G, 2018, 'Bidding for incentive contracts', Journal of Mathematical Economics, vol. 79, pp. 95 - 105, http://dx.doi.org/10.1016/j.jmateco.2018.05.001
2018
Gomis-Porqueras P; Julien B; Wang C, 2017, 'STRATEGIC ADVERTISING AND DIRECTED SEARCH', International Economic Review, vol. 58, pp. 783 - 806, http://dx.doi.org/10.1111/iere.12235
2017
Julien B; Mangin S, 2017, 'Efficiency of job creation in a search and matching model with labor force participation', Economics Letters, vol. 150, pp. 149 - 151, http://dx.doi.org/10.1016/j.econlet.2016.10.042
2017
Han H; Julien B; Petursdottir A; Wang L, 2016, 'Equilibrium using credit or money with indivisible goods', Journal of Economic Theory, vol. 166, pp. 152 - 163, http://dx.doi.org/10.1016/j.jet.2016.08.007
2016
Julien B; Kennes J; Ritter M, 2014, 'Efficient club formation in a frictional environment', Economics Letters, vol. 125, pp. 372 - 375, http://dx.doi.org/10.1016/j.econlet.2014.10.016
2014
Gomis-porqueras P; Julien B; Wang C, 2013, 'Optimal Monetary and Fiscal Policies In a Search-theoretic Model of Money and Unemployment', Macroeconomic Dynamics, vol. 17, pp. 1330 - 1354, http://dx.doi.org/10.1017/S1365100512000016
2013
Gomis-Porqueras P; Julien B, 2013, 'Introduction to the Macroeconomic Dynamics Special Issue on Inequality, Public Insurance and Monetary Policy', Macroeconomic Dynamics, vol. 17, pp. 1193 - 1197, http://dx.doi.org/10.1017/S136510051200082X
2013
Dutu R; Julien B; King I, 2012, 'On the Welfare Gains of Price Dispersion', Journal of Money Credit and Banking, vol. 44, pp. 757 - 786, http://dx.doi.org/10.1111/j.1538-4616.2012.00510.x
2012
Dutu R; Huangfu S; Julien B, 2011, 'Contingent Prices and Money', International Economic Review, vol. 52, pp. 1291 - 1308, http://dx.doi.org/10.1111/j.1468-2354.2011.00668.x
2011
Julien B; Kennes J; King IP, 2011, 'Implementing the Mortensen rule in a frictional labor market', Journal of Macroeconomics, vol. 33, pp. 80 - 91, http://dx.doi.org/10.1016/j.jmacro.2010.06.009
2011
Julien B; Kennes J; King I; Mangin S, 2009, 'Directed search, unemployment and public policy', Canadian Journal of Economics - Revue Canadienne D Economique, vol. 42, pp. 956 - 983, http://dx.doi.org/10.1111/j.1540-5982.2009.01534.x
2009
Julien B; Dutu R, 2009, 'Technology Licensing and Grantbacks under Hidden Infomation', Journal of Institutional and Theoretical Economics - Zeitschrift fur die Gesamte Staatswissenschaft, vol. 165, pp. 561 - 578, http://dx.doi.org/10.1628/093245609789919676
2009
Benoit J; Richard D, 2008, 'Ex-ante production, directed search and indivisible money', Economics Bulletin, vol. 5, pp. 1 - 7
2008
Julien B; Dutu R, 2008, 'Ex-ante production, directed search and indivisible money', Economics Bulletin, vol. 5, pp. 1 - 7, http://www.accessecon.com/pubs/EB/2008/Volume5/EB-08E40005A.pdf
2008
Julien B; Kennes J; King I, 2008, 'Bidding for money', Journal of Economic Theory, vol. 142, pp. 196 - 217, http://dx.doi.org/10.1016/j.jet.2006.10.009
2008
Gomis-Porqueras P; Julien B, 2007, 'Market structure and the banking sector', Economics Bulletin, vol. 4, pp. 1 - 9, https://www.researchgate.net/publication/4886178_Market_Structure_and_the_Banking_Sector
2007
Julien B; Kennes J; King I, 2006, 'Residual Wage Disparity in Directed Search Equilibrium', International Economic Review, vol. 47, pp. 961 - 989, http://dx.doi.org/10.1111/j.1468-2354.2006.00402.x
2006
Julien B; Kennes J; King I, 2006, 'The Mortensen rule and efficient coordination unemployment', Economics Letters, vol. 90, pp. 149 - 155, http://dx.doi.org/10.1016/j.econlet.2005.07.019
2006
Julien B; Kennes J; King I, 2005, 'Efficient Bidding and Equilibrium Unemployment', Canadian Journal of Economics - Revue Canadienne D Economique, vol. 38, pp. 174 - 193, http://dx.doi.org/10.1111/j.0008-4085.2005.00274.x
2005
Julien B; Kennes J; King I, 2002, 'Auctions Beat Posted Prices in a Small Market', Journal of Institutional and Theoretical Economics - Zeitschrift fur die Gesamte Staatswissenschaft, vol. 158, pp. 548 - 548, http://hdl.handle.net/2292/154
2002
Julien B; Kennes J; King I, 2001, 'Auctions and Posted Prices in Directed Search Equilibrium', The B.E. Journals of Macroeconomics, vol. 1, http://dx.doi.org/10.2202/1534-5998.1024
2001
Julien B; Kennes J; King I, 2000, 'Bidding for Labor', Review of Economic Dynamics, vol. 3, pp. 619 - 649, http://dx.doi.org/10.1006/redy.1999.0089
2000
Reports
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Wright R; Kircher P; Julien B; Guerrieri V, 2018, Directed Search: matching partners with pricing., VOX EU CEPR, https://voxeu.org/article/guide-directed-search
2018
Heng JX; Julien B; Kennes J; King I, 2016, Job Qualities, Search Unemployment, and Public Policy, 570
2016
Bataille E; Julien B, 2005, Advertising, Pricing & Market Structure in Competitive Matching Markets, http://dx.doi.org/10.2139/ssrn.844409
2005
Gomis-Porqueras P; Julien B; Wang C, Pricing, Advertising, and Market Structure with Frictions, http://research.economics.unsw.edu.au/RePEc/papers/2010-20.pdf
Working Papers
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Julien B; Mangin S, 2018, Efficiency in Search and Matching Models: A Generalized Hosios Condition, 2018-10, http://dx.doi.org, http://www.sephorahmangin.info/current_research/working_papers/GeneralizedHosiosCondition.pdf
2018
Wright R; Julien B; Kircher P; Guerrieri V, 2017, Directed Search: A Guided Tour, 12315, http://dx.doi.org, https://ideas.repec.org/p/cpr/ceprdp/12315.html
2017
Wright R; Kircher P; Julien B; Guerrieri V, 2017, Directed Search: A Guided Tour, 23884, http://dx.doi.org, https://ideas.repec.org/p/nbr/nberwo/23884.html
2017
Han H; Julien B; Petursdottir A; Wang L, 2017, Asset Pricing Equilibria with Indivisible Goods, 201705, http://dx.doi.org, https://ideas.repec.org/p/hai/wpaper/201705.html
2017
Heng JX; Julien B; Kennes J; King I, 2016, Job Qualities, Search Unemployment, and Public Policy, http://dx.doi.org, https://ideas.repec.org/p/qld/uq2004/570.html
2016
Julien B; Petursdottir A; Wang L, Monetary Equilibria with Indivisible Goods, 201428, http://dx.doi.org
Han H; Julien B; Petursdottir A; Wang L, Credit, Money and Asset Equilibria with Indivisible Goods, 201601, http://dx.doi.org
Han H; Julien B; Petursdottir A; Wang L, Credit, Money and Asset Equilibria with Indivisible Goods, 201608, http://dx.doi.org

Best discussant Prize, Workshop of the Australasian Macroeconomics Society, Melbourne 2014

2009 ASB Non-Professorial Research Achievement Award ($1000)

1990-1991 Alfred P. Sloan Doctoral Dissertation Fellowship.

1988-1994 University of Western Ontario Special University Scholarships.

 

ARC DP170104229 (2017-2021) “Productivity, growth and unemployment in economies with frictions”, ($165 000) joint with Ian King, Liang Wang and Randall Wright.

ARC DP170104227 (2017-2021) “Decentralized assets trading, centralized clearing and systemic risk”, ($139 000) joint with Guillaume Roger

International Collaboration Research Funds, UNSW Business School, $10000, 2017

2016 ARC Booster Grant for two near-miss ARC applications, UNSW Business School ($10000)

2013 UNSW for Workshops on Emerging Markets ($10000)

2012 Group Strategic fund Grant, UNSW for Workshops on Emerging Markets ($30000), School of Economics and CEPAR ($20000)

2010 Grants from UNSW ASB, Reserve Bank of Australia, Treasury Department, CAMA ANU, and University of Melbourne to organize the Workshop on Macroeconomic Dynamics (WMD) ($28000)

2009 Australian School of Business, Faculty Research Grant ($11000)

2004, 2005, 2006 Research Grant, AGSM ($4500 yearly)

2004 Faculty Research Grant, AGSM, ($10000).

2001-2002 Faculty Research Grant, University of Miami, ($21 000).

2002-2003 Faculty Research Grant, University of Miami, ($22 500)

1999-2000 Two Faculty Research grants: One for a study of contracts in the New Zealand electricity industry and regulation, one for pricing in finite markets. ($18000)

 

 

Macroeconomics, Search and Matching theory and applications; Labour markets; monetary economics; auctions and industrial organisation.

Wright R; Kircher P; Julien B; Guerrieri V, 2018, Directed search: Matching partners with pricing data, https://voxeu.org/article/guide-directed-search
2018

Courses taught at UNSW only: