Olivier Blanchard
Papers
You will find mostly recent papers and articles on this page. Many of the older
ones are available either as NBER Working Papers or through JStor. To get them, go to my
CV, and follow the links.
To make things simpler, I have organized the
papers and articles on this page under a few headings.
Current Events
Sustaining the Recovery: Challenges on the Supply and the Demand Side
Olivier J. Blanchard
January 3, 2010
Fiscal Policy for the Crisis
Olivier Blanchard, Carlo Cottarelli, Antonio Spilimbergo, and Steven Symansky
February 7, 2009
Cracks in the System: Repairing the Damaged Global Economy
Olivier J. Blanchard
December 2008
The Crisis: Basic Mechanisms, and Appropriate Policies
Olivier J. Blanchard
December 28, 2008
SLIDES FOR
The Crisis: Basic Mechanisms, and Appropriate Policies
Olivier J. Blanchard
Prepared for The Munich Lectures in Economics
November 2008
A Macroeconomic Survey of Europe
May 2008
France's Economic Health
May 2007
Global Imbalances
May 2007
A Macroeconomic Survey of Europe
September 2006
The Macroeconomics of Oil
September 2006
Portugal, Italy, Spain, and Germany: The Implications of a Suboptimal Currency Area
April 2006
A Macroeconomic Survey of Europe
November 2005
Rebalancing
Growth in China: A Three-Handed Approach
Olivier Blanchard and Francesco
Giavazzi
December 2005
A Macroeconomic Survey of Europe
December 2004
A Macroeconomic Survey of Europe
January 2004
Short Run Prospects in Europe and the United States
September 2003
European Growth Over The Next Decade
September 2003
A Macroeconomic Survey of Europe
June 2003
A Macroeconomic Survey of Europe
December 2002
Macroeconomics
(Fluctuations,
Monetary and Fiscal Policy, Bubbles)
Rethinking Macroeconomic Policy
Olivier J. Blanchard, Giovanni Dell'Ariccia, and Paolo Mauro
January 2010
Why are the 2000s so Different from the 1970s? A Structural Interpretation of Changes in the Macroeconomic Effects of Oil Prices
Olivier J. Blanchard and Marianna Riggi
October 2009
News, Noise, and Fluctuations: An Empirical Exploration
Olivier J. Blanchard, Jean-Paul L'Huillier, and Guido Lorenzoni
May 2009
The State of Macro
August 2008
The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so Different from the 1970s?
Olivier J. Blanchard (MIT), Jordi Gali (Universitat Pompeu Fabra)
August 2007
Productivity and Unemployment.pdf
Olivier Blanchard, Robert Solow, and Beth Anne Wilson
Current Account
Deficit in Rich Countries
January 2007
Monetary Policy; Science or Art?
April 2006
Adjustment within the Euro. The Difficult Case of Portugal
Olivier Blanchard
November 2006
A New Keynesian Model with Unemployment
Olivier J. Blanchard and Jordi Gali
July 2006
Real Wage
Rigidities and the New Keynesian Model
Olivier Blanchard and Jordi
Gali
September 2005
The
U.S. Current Account and the Dollar
Olivier Blanchard, Francesco Giavazzi
and Filipa Sa
Prepared for the AEA meetings in Philadelphia, January 2005.
Non-technical slides for the U.S. Current Account and the Dollar
April 2005
Fiscal
Dominance and Inflation Targeting: Lessons From Brazil
March 2004
Data and Programs for Fiscal Dominance and Inflation Targeting: Lessons from Brazil
March 2004
Improving the SGP Through A Proper Accounting of Public Investment
with Francesco
Giavazzi
May 2003
A Discussion of Inflation Targeting
April 2003
Monetary Policy and Unemployment
March 2003
Current
Account Deficits in the Euro Area. The End of the Feldstein Horioka
Puzzle?
with Francesco Giavazzi
October 2002
Figures for 'Current Account Deficits in the Euro Area. The End of the Feldstein Horioka Puzzle?'
with Francesco Giavazzi
October 2002
Regression data for 'Current Account Deficits in the Euro Area. The End of the Feldstein Horioka Puzzle?'
with Francesco Giavazzi
March 2002
OECD data for 'Current Account Deficits in the Euro Area. The End of the Feldstein Horioka Puzzle?'
with Francesco Giavazzi
October 2002
An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output
with Roberto Perotti
November 2001
Dynamic
Efficiency, the Riskless Rate, and Debt Ponzi Games Under
Uncertainty
with Philippe Weil
November 2002
Data set for An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output
with Roberto Perotti
2001
Country Adjustments within Euroland. Lessons after Two Years
Written for CEPR annual report
on the European Central Bank
March 2001
The Long and
Large Decline in U.S. Output Volatility
with John Simon, for Brookings
Meeting on Economic Activity
March 2001
Automatic Fiscal Stabilizers
April 2000
Bubbles, Liquidity Traps, and Monetary Policy
February 2000
The Stock Market, Profit, and Investment
February 1993
The Stock Market, Profit, and Investment (Data Sets)
The Dynamic
Effects of Aggregate Demand and Supply
with Danny Quah
1989
The Dynamic Effects of Aggregate Demand and Supply (Data Sets in ZIP format)
Unemployment
Unemployment and the Quality of Labor Relations II
Olivier Blanchard and Thomas Philippon
November 2006
European
Unemployment: The Evolution of Facts and Ideas
October 2005
The Quality of
Labor Relations and Unemployment
Olivier Blanchard and Thomas
Philippon
June 2004
Explaining European Unemployment
April 2004, NBER Reporter, 2004
Peut-on eliminer le chomage en Europe?
Olivier Blanchard
December 2003, Transcription of
I'IDEI October 2003 Conference in Toulouse
What Hides Behind an Unemployment Rate: Comparing Portuguese and U.S. Labor Markets
with Pedro
Portugal
April 2000
What Hides Behind an Unemployment Rate: Comparing Portuguese and U.S. Labor Markets (Data Appendix)
Wage Dynamics: Reconciling Theory and Evidence
with Larry Katz
January 1999
The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence, Harry Johnson Lecture
with Justin Wolfers
March 1999
The Role of Shocks and Institutions in the Rise of European Unemployment, Baffi Lecture
January
1999
The Medium Run
September 1997
Regulation, Deregulation, and Reforms
Is There A
Viable European Social and Economic Model
July 2006
The Many Dimensions of Work, Leisure, and Employment: Thoughts at the End of the Conference
July
2006, Comments on the papers presented at the Rodolfo DeBenedetti Conference,
Portovenere, June 2006.
The Economic
Future of Europe
Olivier Blanchard
May 2004, Forthcoming, Journal of
Economic Perspectives
Designing Labor Market Institutions II
March 2004
L'Europe ne va pas si mal
Olivier Blanchard
July 2004, French adaptation of "The Economic
Future of Europe"
Contours of
employment protection reform
with Jean Tirole
November 2003
The Optimal
Design of Unemployment Insurance and Employment Protection. A First
Pass.
Olivier Blanchard and Jean Tirole
April 2004
Macroeconomic
Effects of Regulation and Deregulation in Goods and Labor Markets,
with
Francesco Giavazzi
October 2002
The Perverse
Effects of Partial Labor Market Reform: Fixed Duration Contracts in
France
with Augustin Landier
June 2000
Transition
Federalism With and Without Political Centralization: China vs. Russia
with Andrei
Shleifer
October 2000
Odds and Ends
Comments on "Credit Frictions and Optimal Monetary Policy" by Curdia and Woodford
August 2008
Discussion of 'Macroeconomic Crises since 1970' , by Robert Barro and Jose Ursua
Monetary Policy, Labor Markets, and Fiscal Policy
Remarks at the 50th Anniversary of the Bundesbank Conference in September 2007
Preface to "Global Imbalances. Is the World Economy Really at Risk?" by Anton Brender and Florence Pisani
Olivier Blanchard
February 2007
Discussion of "The Return to Capital in China" by Chong-En Bai, Chang-Tai Hsieh, Yigyi Qian, Zhenjie Qian
Olivier Blanchard
December 2006
Crowding Out
Olivier Blanchard
November 2006, The New Palgrave Dictionary of
Economics, 2nd edition
Neoclassical Synthesis
Olivier Blanchard
November 2006, The New Palgrave Dictionary
of Economics, 2nd edition
Discussion of "Do Taxes Explain European Employment? Invisible Labor, Human Capital, Lotteries, and Savings"
Lars Ljungqvist and Thomas Sargent
July 2006
Comments on "Contrasting Europe's Decline; Do Product Market Reforms Help?" by Riccardo Faini et al.
January 2005
" Comments on Alan Blinder's 'The Case Against the Case Against Discretionary Policy' "
June
2004
Interview with Stanley Fischer
Macroeconomic Dynamics, vol. 9, no. 2, 2005, pp. 244-262.
Comments on:
"The
price level, relative prices, and economic stability: Aspects of the inter-war
debate," by David Laidler
June 2003
Comments on:
"The Case
of Missing Productivity Growth; or, Why Has Productivity Accelerated in the
United States but not the United Kingdom" by Basu et al
July 2003
Designing Labor Market Institutions
remarks at the Conference "Beyond Transition",
Warsaw
April 2002
Comments on:
"Catching Up with the Leaders: The Irish Hare" by Patrick Honohan and
Brendan Walsh.
April 2002
Comments on:
"Institutions, Economic Structure, and Performance: Is Italy Doomed?"
by Guiseppe Nicoletti.
April 2002
"The EU Enlargement, and Immigration from Eastern Europe"
Comments at a Conference on Immigration,
Trieste
2001
Comments on:
"Do
We Really Know that Oil Caused the Great Stagflation? A Monetary Alternative",
Barsky and Kilian
July 2001
Comments on:
"The
International Lender of Last Resort: How Large is Large Enough?" by Olivier
Jeanne and Charles Wyplosz, NBER Conference in Monterey CA
March 2001
In Honor of Andrei Shleifer: Winner of the John Bates Clark Medal
June 2000
What Do We Know about Macroeconomics that Fisher and Wicksell Did Not?
January 2000
"The Future of Unions", Comments at a conference in Naples, Italy,
July 2000
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