The State of Macro

Olivier J. Blanchard

NBER Working Paper No. 14259
Issued in August 2008

---- Acknowledgements -----

Prepared for the "Annual Review of Economics". Thanks to Daron Acemoglu (one of the editors), Ricardo Caballero, V.V. Chari, Laura Feiveson, Ben Friedman, Jordi Gali, Anil Kashyap, Jaewoo Lee, N.Greg Mankiw, Marianna Riggi, Julio Rotemberg, Robert Shimer, Andrei Shleifer, and Harald Uhlig for their very useful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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