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Fiscal Policy under Low Interest Rates by Olivier Blanchard published by MIT Press Direct (2023). Rethinking fiscal and monetary policy in an economic environment of high debt and low interest rates. Policy makers in advanced economies find themselves in…

Major future economic challenges by Olivier Blanchard, Jean Tirole published by VOXEU (3/2022). A report generated by a commission of 24 distinguished economists focuses on three structural challenges for the global economy. The column sets out some of the conclusions….

Redesigning EU fiscal rules: From rules to standards by Olivier Blanchard, Álvaro Leandro and Jeromin Zettelmeyer published by PIIE (2/2021).  “The European Union’s fiscal rules have been suspended until at least the end of 2021. When they are reinstated, they will need to…

Further Thoughts on DSGE Models by Olivier Blanchard published by PIIE (10/2013) “What we agree on and what we do not A number of economists have recently written about the pros and cons of dynamic stochastic general equilibrium models…

Public Debt and Low Interest Rates by Olivier Blanchard published by PIIE (2/2020). “Blanchard develops four main arguments concerning the costs of public debt when safe interest rates are low. First, the current US situation in which safe interest…

A New Policy Toolkit Is Needed as Countries Exit COVID-19 Lockdowns by Olivier Blanchard, Thomas Philippon, and Jean Pisani-Ferry indicated by Alvaro Manoel published by PIIE (6/2020) . “When it became clear that the COVID-19 pandemic required widespread lockdown…

Monetisation: Do not panic by Olivier Blanchard and Jean Pisani-Ferry published by VOXEU (4/2020)   “The extraordinary operations that are under way in most countries in response to the COVID-19 shock have raised fears that large-scale monetisation will result…

Combating inequality: rethinking policies to reduce inequality in advanced economies conference coordinators by Olivier Blanchard and Dani Rodrik published by PIIE (10/2019), indicated by Alvaro Manoel. “Inequality has increased in almost all advanced economies, to alarming levels in some…