How to teach intermediate macroeconomics after the crisis? by Olivier Blanchard published by PIIE (6/2016). “Having just concluded a seven-year run as chief economist of the International Monetary Fund, and having to rewrite the seventh edition of my undergraduate…
Looking formward, looking back interview with Olivier Blanchard published by IMF (8/2015). “The financial crisis raises a potentially existential crisis for macroeconomics. Practical macro is based on the assumption that there are fairly stable aggregate relations, so we do…
Where danger Lurks by Olivier Blanchard published by IMF (9/2014). “Until the 2008 global financial crisis, mainstream U. S. macroeconomics had taken an increasingly benign view of economic fluctuations in output and employment. The crisis has made it clear…
Menos incerteza, mais credibilidade por Olivier Blanchard em entrevista concedida a EXAME (3/2015). “O que é surpreendente no caso do Brasil são os baixos números de investimento. Esse baixo nível gera dois efeitos: diminui a demanda agora e reduz…
Monetary policy will never be the same by Olivier Blanchard published by IMF (11/2013). “Now let me now turn to monetary policy, and touch on three issues: the implications of the liquidity trap, the provision of liquidity, and the…
“The two rebalancing acts” by Olivier Blanchard. This column argues that two rebalancing acts are required: internal rebalancing replacing government spending with private-sector demand, and external rebalancing addressing the global imbalances between exporting and importing countries. These…
Article The great false choice, stimulus or austerity, by Olivier Blanchard and Carlo Cottarelli (IMF), on the Financial Times. The authors say that ” there is actually no necessary conflict between restoring fiscal sustainability and maintaining support for the…
Olivier Blanchard, Giovanni Dell`Ariccia and Paolo Mauro published Rethinking Macroeconomic Policy, as IMF Position Note. They said: “As the crisis slowly recedes, it´s time for a reassessment of what we know about how to conduct macroeconomic policy. It was…
The IMF on February 12 published a papaer, “Rethinking Macroeconomic Policy”, by Olivier Blanchard, Giovanni Dell’ Ariccia and Paolo Mauro, part of a series policy papers prepared by staff of the 186 member international institution that reassesses the macroeconomic…
"Did Foreign Reserves Help Weather the Crisis?". Olivier Blanchard, Hamid Farugee and Vladimir Klyuev answered in the IMF Survey Magazine (Oct 8, 2009) : "While country authorities believe reserves have helped, hard econometric evidence that they have seems hard…
