NBER Working Papers by Olivier J. Blanchard
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|July 2016||Currency Wars, Coordination, and Capital Controls|
|November 2015||Inflation and Activity – Two Explorations and their Monetary Policy Implications|
with Eugenio Cerutti, Lawrence Summers: w21726
|October 2015||Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence|
with Jonathan D. Ostry, Atish R. Ghosh, Marcos Chamon: w21619
|July 2015||Jump Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?|
with Christopher J. Erceg, Jesper Lindé: w21426
|Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?|
with Gustavo Adler, Irineu de Carvalho Filho: w21427
|February 2013||Growth Forecast Errors and Fiscal Multipliers|
with Daniel Leigh: w18779
Published: Olivier J. Blanchard & Daniel Leigh, 2013. "Growth Forecast Errors and Fiscal Multipliers," American Economic Review, American Economic Association, vol. 103(3), pages 117-20, May. citation courtesy of
|October 2009||Why are the 2000s so different from the 1970s? A structural interpretation of changes in the macroeconomic effects of oil prices|
with Marianna Riggi: w15467
Published: Olivier J. Blanchard & Marianna Riggi, 2013. "WHY ARE THE 2000s SO DIFFERENT FROM THE 1970s? A STRUCTURAL INTERPRETATION OF CHANGES IN THE MACROECONOMIC EFFECTS OF OIL PRICES," Journal of the European Economic Association, European Economic Association, vol. 11(5), pages 1032-1052, October. citation courtesy of
|May 2009||News, Noise, and Fluctuations: An Empirical Exploration|
with Jean-Paul L'Huillier, Guido Lorenzoni: w15015
Published: Olivier J. Blanchard & Jean-Paul L'Huillier & Guido Lorenzoni, 2013. "News, Noise, and Fluctuations: An Empirical Exploration," American Economic Review, American Economic Association, vol. 103(7), pages 3045-70, December. citation courtesy of
|August 2008||The State of Macro|
Published: Olivier Blanchard, 2009. "The State of Macro," Annual Review of Economics, Annual Reviews, vol. 1(1), pages 209-228, 05. citation courtesy of
|March 2008||Labor Markets and Monetary Policy: A New-Keynesian Model with Unemployment|
with Jordi Gali: w13897
Published: Olivier Blanchard & Jordi Gali, 2010.
"Labor Markets and Monetary Policy: A New Keynesian Model with Unemployment,"
American Economic Journal: Macroeconomics,
American Economic Association, vol. 2(2), pages 1-30, April.
citation courtesy of
|September 2007||The Macroeconomic Effects of Oil Shocks: Why are the 2000s So Different from the 1970s? |
with Jordi Gali: w13368
Published: Gali, Jordi and Mark Gertler (eds.) International Dimensions of Monetary Policy. Chicago: University of Chicago Press, 2009.
|February 2007||Current Account Deficits in Rich Countries|
- Olivier Blanchard, 2007. "Current Account Deficits in Rich Countries," IMF Staff Papers, Palgrave Macmillan Journals, vol. 54(2), pages 191-219, June. citation courtesy of
- Olivier Blanchard, 2007. "Current Account Deficits in Rich Countries," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 54(2), pages 127-158, June. citation courtesy of
|November 2005||Real Wage Rigidities and the New Keynesian Model|
with Jordi Gali: w11806
- Olivier Blanchard & Jordi Galí, 2007. "Real Wage Rigidities and the New Keynesian Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(s1), pages 35-65, 02. citation courtesy of
- Olivier J. Blanchard & Jordi GalÃ, 2005. "Real wage rigidities and the New Keynesian model," Proceedings, Board of Governors of the Federal Reserve System (U.S.). citation courtesy of
|European Unemployment: The Evolution of Facts and Ideas|
Published: Olivier Blanchard, 2006. "European unemployment: the evolution of facts and ideas," Economic Policy, CEPR, CES, MSH, vol. 21(45), pages 5-59, 01. citation courtesy of
|February 2005||The U.S. Current Account and the Dollar|
with Francesco Giavazzi, Filipa Sa: w11137
Published: Blanchard, Oliver, Francesco Giavazzi,and Filipa Sa. "International Investors, the U.S. Current Account, and the Dollar." Brookings Papers on Economic Activity 1 (2005): 1-49.
|June 2004||The Quality of Labor Relations and Unemployment|
with Thomas Philippon: w10590
|April 2004||The Optimal Design of Unemployment Insurance and Employment Protection. A First Pass|
with Jean Tirole: w10443
|March 2004||Fiscal Dominance and Inflation Targeting: Lessons from Brazil|
Published: Giavezzi, Francesco, Ilan Goldfajn and Santiago Herrera (eds.) Inflation Targeting, Debt, and the Brazilian Experience, 1999 to 2003. Cambridge: MIT Press, 2005.
|The Economic Future of Europe|
Published: Blanchard, Olivier. "The Economic Future Of Europe," Journal of Economic Perspectives, 2004, v18(4,Fall), 3-26. citation courtesy of
|April 2001||The Perverse Effects of Partial Labor Market Reform: Fixed Duration Contracts in France|
with Augustin Landier: w8219
Published: Blanchard, O. and A. Landier. "The Perverse Effects Of Partial Labour Market Reform: Fixed-Term Contracts In France," Economic Journal, 2002, v112(480,Jun), F214-F244.
|February 2001||Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets|
with Francesco Giavazzi: w8120
Published: Olivier Blanchard & Francesco Giavazzi, 2003. "Macroeconomic Effects Of Regulation And Deregulation In Goods And Labor Markets," The Quarterly Journal of Economics, MIT Press, vol. 118(3), pages 879-907, August. citation courtesy of
|March 2000||Federalism with and without Political Centralization: China versus Russia|
with Andrei Shleifer: w7616
Published: Olivier Blanchard & Andrei Shleifer, 2001. "Federalism With and Without Political Centralization: China Versus Russia," IMF Staff Papers, Palgrave Macmillan Journals, vol. 48(4), pages 8. citation courtesy of
|February 2000||What do we know about Macroeconomics that Fisher and Wicksell did not?|
Published: Blanchard, Olivier. "What Do We Know About Macroeconomics That Fisher And Wicksell Did Not?," Quarterly Journal of Economics, 2000, v115(4,Nov), 1375-1409. citation courtesy of
|August 1999||The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence|
with Justin Wolfers: w7282
Published: Economic Journal, Vol. 110 (March 2000): 1-33. citation courtesy of
|July 1999||An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output|
with Roberto Perotti: w7269
Published: Blanchard, Olivier and Robert Perotti. "An Empirical Characterization Of The Dynamic Effects Of Changes In Government Spending And Taxes On Output," Quarterly Journal of Economics, 2002, v107(4,Nov), 1329-1368. citation courtesy of
|February 1999||Wage Dynamics: Reconciling Theory and Evidence|
with Lawrence Katz: w6924
Published: American Economic Review, Vol. 89 (May 1999): 69-74. citation courtesy of
|July 1998||What Hides Behind an Umemployment Rate: Comparing Portuguese and U.S. Unemployment|
with Pedro Portugal: w6636
Published: Blanchard, Olivier and Pedro Portugal. "What Hides Behind An Unemployment Rate: Comparing Portuguese And U.S. Labor Markets," American Economic Review, 2001, v91(1,Mar), 187-207.
|May 1998||Revisiting European Unemployment: Unemployment, Capital Accumulation, and Factor Prices|
- Geary Lecture, ESRI, June 1998.
- Blanchard, Olivier, 1998. "Revisiting European Unemployment : Unemployment, Capital Accumulation and Factor Prices," Research Series, Economic and Social Research Institute (ESRI), number 28.
|November 1996||What We Know and Do Not Know About the Natural Rate of Unemployment|
with Lawrence F. Katz: w5822
Published: Journal of Economic Perspectives, 11, winter 1997, pp.51-72. citation courtesy of
|May 1994||On the Speed of Transition Central Europe|
with Philippe Aghion: w4736
|January 1993||What do Firms do with Cash Windfalls?|
with Florencio Lopez-de-Silane: w4258
Published: Journal of Financial Economics 36 (1994), pp. 337-360. citation courtesy of
|February 1992||Dynamic Efficiency, the Riskless Rate, and Debt Ponzi Games Under Uncertainty|
with Philippe Weil: w3992
- Advances in Macroeconomics (2001), vol. 1, issue 2, article 3, http://www.bepress.com/bejm/advances/vol1/iss2/art3.
- Olivier Blanchard & Philippe Weil, 2001. "Dynamic Efficiency, the Riskless Rate, and Debt Ponzi Games under Uncertainty," The B.E. Journal of Macroeconomics, Berkeley Electronic Press, vol. 0(2), pages 3. citation courtesy of
|The Flow Approach to Labor Markets|
with Peter Diamond: w4000
Published: American Economic Review Papers and Proceedings, May 1992, pp. 354-359 citation courtesy of
|December 1991||The Debt Burden and Debt Maturity|
with Alessandro Missale: w3944
Published: American Economic Review, 84-1, March 1994, pp. 309-319. citation courtesy of
|August 1991||The Cyclical Behavior of the Gross Flows of U.S. Workers|
with Peter Diamond: r1582
Published: Brookings Papers on Economic Activity, Vol. 2, pp. 85-143 and 154-155, (1990).
|March 1991||The Sustainability of Fiscal Policy: New Answers to an Old Question|
with Jean-Claude Chouraqui, Robert P. Hagemann, Nicola Sartor: r1547
Published: OECD Economic Studies, No. 15, pp. 7-36, (Autumn 1990).
|Wage Bargaining and Unemployment Persistence|
Published: Journal of Money, Credit and Banking, 23-3-1, 1991, pp. 277-292. citation courtesy of
|June 1990||Ranking, Unemployment Duration, and Wages|
with Peter Diamond: w3387
Published: Review of Economic Studies, Vol. 61-3 No. 208, July 1994, pp. 417-434. citation courtesy of
|May 1990||The Beveridge Curve|
with Peter Diamond: r1405
Published: Brookings Papers on Economic Activity, No. 1, pp. 1-60 and 74-76, (1989).
|The Stock Market, Profit and Investment|
with Changyong Rhee, Lawrence Summers: w3370
Published: Quarterly Journal of Economics, Vol. 108, no. 1 (February 1993): 115-136. citation courtesy of
|November 1989||Two Tools for Analyzing Unemployment|
Published: Issues in Contemporary Economics Marc Nerlove ed. ,Macmillan/International Economics Association Volume 2, 1990,pp. 102-107
|The Aggregate Matching Function|
with Peter A. Diamond: w3175
Published: Growth/Productivity/Unemployment, edited by Peter Diamond, pp. 159-201. Cambridge, MA: MIT Press, 1990.
|December 1988||Aggregate and Individual Price Adjustment|
Published: Brookings Papers on Economic Activity, Vol. 1, pp. 57-122, (1987)
|October 1988||The Dynamic Effects of Aggregate Demand and Supply Disturbances|
with Danny Quah: w2737
Published: The American Economic Review, Vol. 79, No. 4, pp. 655-673, (September 1989) citation courtesy of
|September 1988||Unemployment: Getting the Questions Right - and some of the answers|
Published: Europes Unemployment Problem, eds. Charles Bean and Jacques Dreze, MIT Press: 1991 pp. 66-89
|1988||Consumption: Beyond Certainty Equivalence|
with N. Gregory Mankiw: w2496
Published: The American Economic Review, Vol. 78, No. 2, pp. 173-177, (May 1988). citation courtesy of
|June 1987||Why Does Money Affect Output? A Survey|
Published: Friedman, Benjamin M. and F.H. Hahn (eds.) Handbook of Monetary Economics, Vol. II. Amsterdam: Elsevier Science Publishers B.V., 1990.
|October 1986||Fiscal Increasing Returns, Hysteresis, Real Wages and Unemployment|
with Lawrence H. Summers: w2034
Published: European Economic Review, Vol. 31, No. 3, pp. 543-560, (April 1987). citation courtesy of
|Hysteresis in Unemployment|
with Lawrence H. Summers: w2035
Published: European Economic Review, Vol. 31, No. 1/2, pp. 288-295, (1987). citation courtesy of
|Empirical Structural Evidence on Wages, Prices and Employment in the US|
Published: "A Traditional Interpretation of Macroeconomic Fluctuations." From The American Economic Review, Vol. 79, No. 4, pp. 1146-1164, (December 1989).
|Investment and Sales: Some Empirical Evidence|
with Andrew B. Abel: w2050
Published: From Dynamic Econometric Modeling: Proceedings of the Third International Symposium in Economic Theory & Econometrics, edited by William A. Barnett, Ernst Berndt, and Halbert White, pp. 269-296. New York: Cambridge Univ-ersity Press, 1988.
|June 1986||Perspectives on High World Real Interest Rates|
with Lawrence H. Summers: r0720
Published: Blanchard, Olivier J. and Lawrence H. Summers. "Perspectives on High World Real Interest Rates," Brookings Papers on Economic Activity, Vol. 2, (1984) , pp. 273-324.
|Hysteresis and the European Unemployment Problem|
with Lawrence H. Summers: w1950
- Blanchard, Olivier J. and Lawrence H. Summers. "Hysteresis and the European Unemployment Problem," NBER Macroeconomics Annual, Stanley Fischer, ed. Vol 1, Fall 1986, Cambridge: MIT Press. Pp. 15-78.
- Hysteresis and the European Unemployment Problem, Olivier J. Blanchard, Lawrence H. Summers. in NBER Macroeconomics Annual 1986, Volume 1, Fischer. 1986
|December 1985||Monopolistic Competition, Aggregate Demand Externalities and Real Effects of Nominal Money|
with Nobuhiro Kiyotaki: w1770
Published: Blanchard, Olivier and Nobuhiro Kiyotaki. "Monopolistic Competition and the Effects of Aggregate Demand," American Economic Review, Vol. 77, No. 4, September 1987, pp. 647-666.
|The Wage Price Spiral|
Published: Blanchard, Olivier J. "The Wage Price Spiral," Quarterly Journal of Economics, Vol. 101, No. 406, pp. 545-565, August 1986. citation courtesy of
|June 1984||Debt, Deficits and Finite Horizons|
Published: Blanchard, Olivier J. "Debt, Deficits and Finite Horizons," Journal of Political Economy, Vol. 92, No. 2, April 1985, pp. 223-247. citation courtesy of
|Are Business Cycles All Alike?|
with Mark W. Watson: w1392
|April 1984||Cyclical Behavior of Prices and Quantities in the Automobile Market|
with Angelo Melino: w1325
Published: Blanchard, Olivier J. and Angelo Melino. "The Cyclical Behavior of Prices and Quantities; the Case of the Automobile Market," Journal of Monetary Economics, Vol. 17, pp. 379-407, May 1986.
|The Lucas Critique and the Volcker Deflation|
Published: Blanchard, Olivier J. "The Lucas Critique and the Volcker Deflation." American Economic Review, Vol. 74, No. 2, (May 1984), pp. 211-215. citation courtesy of
|1984||Current and Anticipated Deficits, Interest Rates and Economic Activity|
|June 1983||Inflexible Relative Prices and Price Level Inertia|
|May 1983||The Present Value of Profits and Cyclical Movements in Investment|
with Andrew B. Abel: w1122
Published: Abel, Andrew B. and Olivier J. Blanchard. "The Expected Present Discounted Value of Profits and the Cyclical Variability of Investment," Econometrica, Vol. 54, No. 2, pp. 249-272, March 1986. citation courtesy of
|March 1983||Methods of Solution and Simulation for Dynamic Rational Expectations Models|
Published: Blanchard, Olivier J. "Methods of Solution and Simulation for Dynamic Rational Expectations Models." Economie Appliquee, Vol. XXXVI< No. 1, (1983) pp. 27-46
|August 1982||Anticipations, Recessions and Policy: An Intertemporal Disequilibrium Model|
with Jeffrey Sachs: w0971
Published: Blanchard, Olivier J. and Jeffrey Sachs. "Anticipations, Recessions and Policy: An Intertemporal Disequilibrium Model." Annales De L'Insee, Vol. 47/48 , (December 1982), pp. 117-144.
|July 1982||Identification in Dynamic Linear Models with Rational Expectations|
|Bubbles, Rational Expectations and Financial Markets|
with Mark W. Watson: w0945
Published: Blanchard, Olivier J. and Mark W. Watson. Bubbles, Rational Expectations and Financial Markets." Crises in the Economic and Financial Structure, Paul Wachtel, editor, pp. 295-316. Lexington, MA: D.C. Heathand Company, (1982).
|June 1982||Price Asynchronization and Price Level Inertia|
Published: Infiation, Debt, and Indexation, Dornbusch, R. and M. Simonsen, eds., Cambridge: MIT Press, 1983, pp. 3-25.
|May 1982||The Production and Inventory Behavior of the American Automobile Industry|
Published: Blanchard, Olivier J. "The Production and Inventory Behavior of the American Automobile Industry." Journal of Political Economy, Vol. 91, No. 3, (June 1983), pp. 365-400. Chicago: University of Chicago Press, 1983. citation courtesy of
|April 1982||An Intertemporal Model of Saving and Investment|
with Andrew B. Abel: w0885
Published: Abel, Andrew B., & Oliver J. Blanchard. "An Intertemporal Model of Saving and Investment." Econometrica, Vol. 51, No. 3, (May 1983), pp. 675-692. citation courtesy of
Contact and additional information for this author
All NBER papers and publications
NBER Working Papers only
Information about this author at RePEc