Curriculum Vitae
Olivier Jean Blanchard March 2000
Born: December 27, 1948, Amiens, France
Married: Noelle Golinelli, 1973; 3 children
Citizenship: France (Permanent resident of the U.S.)
Education: DES Economics 1972.
Ph.D. Economics, MIT, 1977.
Positions:
Instructor, Massachusetts Institute of Technology, 1977.
Assistant Professor, Harvard University, 1977-1981.
Associate Professor, Harvard University, 1981-1983.
Associate Professor, Massachusetts Institute of Technology, 1983-1985.
Professor, Massachusetts Institute of Technology, 1985-.
Class of 1941 Professor, Massachusetts Institute of Technology, 1994-
Visiting Taussig Professor, Harvard University, 1997-1998
Chairman, Department of Economics, Massachusetts Institute of Technology, 1998-
Other Current Positions, Grants, Fellowships:
Fellow, Econometric Society, since 1985
Member, American Academy of Arts and Sciences, since 1990
Research Associate, National Bureau of Economic Research, 1982-.
Member, Brookings Panel on Economic Activity, on and off , 1986-
Davidson Institute Research Fellow, 1997-
National Science Foundation grants, since 1979
Membre du Conseil d'Analyse Economique aupres du Premier Ministre, Paris, 1997-
Current Journals / Scientific Boards:
Advisory Board, Moneda Y Credito, Madrid, 1988-.
Conseil Scientifique International, Actualite Economique, Canada, 1990-
Conseil Scientifique, CEPREMAP, Paris, 1991-
Advisory Board, Center for Economic Performance, London, 1991-
Editorial Board, Economics of Transition, 1995-
Advisory Board, Social Science Electronic Publishing, Macroeconomics and Monetary Economics Abstract, 1996-
Advisory Board, Center for Economic Policy Research, London, 1996-2000
Academic Advisory Panel, Federal Reserve Bank of Boston, 1995-
Advisory Board, International Finance, 1997-
Associate editor, German Economic Review, 1998-
Advisory Board, CREI, Univesitat Pompeu Fabra, Barcelona, 1999-
Advisory Council, CAIS , Moscow, 1999-
Member, Macroeconomic Policy Group, CEPR, 1998-1999
Member, International Scientific Committee, Angelo Costa, Prize, 1999-
Member, International Advisory Board, NES, Moscow, 2000-
Member, Advisory Board, IFO, Munich, 2000-
Other Past Academic Activities, Grants, Fellowships, Prizes:
John Stauffer Fellowship in Public Policy, Hoover Institution, Stanford, 1981-1982.
Research Fellow, National Bureau of Economic Research, 1979-82.
Silver Award, American Express Competition, 1993
Member, Council of the Econometric Society, 1992-1995
Organizing Committee, Econometric Society Summer Meetings, 1980.
Organizing Committee, Econometric Society Meetings, 1985.
Organizing Committee, Econometric Society, World Congress, 1990
Chair, Walras-Bowley lecture committee, 1990
Organizing Committee, AEA meetings, 1995
Chair, Fellowship Committee, IGIER, Milan, 1994-1999
Co-organizer, Nobel Symposium on Transition, Stockholm, 1999
Visiting Committee, Yale University, 1995
Visiting Committee, Harvard University, 1996
National Fellow, Hoover Institution, 1981-1982.
Visiting Professor, Universite de Paris-I, Paris, Fall 1983.
Academic visitor, London School of Economics, Spring 1986.
Visiting Professor, Columbia University, Spring 1987.
Academic visitor, NBER, Cambridge, 1990-1991
Member, Macroeconomic Policy Group, Center for European Policy Studies, 1983-1986.
Member, European Economic Policy Forum Panel, 1985-1988.
Member, UN Wider World Economy Group, 1989-1993
Member, OFCE Economic Policy Evaluation Group, 1990-1995
Member, AEA Commission on Graduate Education, 1988-1990
Vice President, American Economic Association, 1995-1996
Member, Committee on Honors and Awards, American Economic Association, 1994-2000
Co-editor, Quarterly Journal of Economics, 1984-1998
Co-editor, Quarterly Journal of Economics, 1979-1983.
American editor, Review of Economic Studies, 1983-1984.
Comite de redaction, Annales de l'Insee, Paris, 1984-1992.
Co-editor, NBER Macroeconomics Annual, 1989-1993
NSF panel, 1998
Clarendon lectures, Oxford, 1995
Geary lecture, Dublin, 1997
Baffi lecture, Rome, 1998
Harry Johnson lecture, England, 1999
Tinbergen lecture, Amsterdam, 1999
Horowitz lectures, Israel, 2000
Lionel Robbins lectures, London, 2000
Books:
Restoring Europe's Prosperity; Macroeconomic Papers from the Centre for European Policy Studies, with Rudiger Dornbusch and Richard Layard. MIT Press, 1986.
Lectures on Macroeconomics, with Stanley Fischer. MIT Press, 1989; translated in Italian, Lezioni di Macroeconomia, Il Mulino, 1992; in Japanese, Taga Shuppan, 1996; in Chinese, 1998.
World Imbalances, Wider World Economy Group, 1989 report, WIDER 1989.
Reform in Eastern Europe, Wider World Economy Group 1990 report, WIDER and MIT Press, 1991.
Competitive disinflation, the Mark, and fiscal policies in Europe, International Policy Group at OFCE, Oxford University Press, 1993 ; also in French, La desinflation competitive, le mark et les politiques budgetaires en Europe, Editions du Seuil, 1991.
East-West Migration, Wider World Economy Group, 1991 report, WIDER and MIT Press, 1992; also in Italian, Est-Ovest: la Grande Migrazione, Edizioni die Comunita, Milano, 1994.
Post Communist Reform, Wider World Economy Group 1992 report, WIDER and MIT Press, 1993.
The Transition in Eastern Europe, editor with Kenneth Froot and Jeffrey Sachs, Volumes I and II, NBER and University of Chicago Press, 1994.
Taux d'interet et Chomage, International Policy Group at OFCE, Presse de la Fondation Nationale deSciences Politiques, 1993.
Pour l'Emploi et Cohesion Sociale, International Policy Group at OFCE, Presse de la Fondation Nationale des Sciences Politiques, 1994.
Spanish unemployment; is there a solution?, CEPR group on Spanish Unemployment, CEPR, 1995.
Macroeconomics, Prentice Hall, 1997, 1st ed, translated in Spanish (with Samuel Bentolila and Juan Francesco Jimeno), Macroeconomia, 1997, in Italian (with Francesco Giavazzi), Macroeconomia (1998, Il Mulino), Canadian edition (with Angelo Melino), 1998, in Japanese, 1999 , in Korean, forthcoming 1999, in Portuguese, forthcoming 1999, in French, forthcoming 2000, 2nd US edition, 2000.
The Economics of Post-Communist Transition, Clarendon Lectures, Oxford University Press, Oxford, July 1997, paperback edition, 1998.
Published Articles:
"A Note on the Gross Substitutability of Financial Assets," with Mary Kay Plantes. Econometrica, 45-3 (April, 1977), pp. 769-773.
"Wage indexing Rules and the Behavior of the Economy," Journal of Political Economy, 87-4 (August, 1979), pp. 798-816.
"Backward and Forward Solutions for Economies with Rational Expectations." American Economic Association Papers and Proceedings 69-2 (May, 1979), pp. 114-119.
"Speculative Bubbles, Crashes and Rational Expectations." Economic Letters, 3 (1979), pp. 387-389.
"The Monetary Mechanism in the Light of Rational Expectations." In Stanley Fischer (ed.), Rational Expectations and Economic Policy. University of Chicago Press, 1980, pp. 75-116.
"The Solution of Linear Difference Models under Rational Expectations," with Charles Kahn. Econometrica, 48-5 (July, 1980), pp. 1305-1313.
"Output, the Stock Market and Interest Rates. "American Economic Review, 71-1 (March, 1981), pp. 132-143.
"An Empirical Structural Model of Aggregate Demand," with Charles Wyplosz. Journal of Monetary Economics, 7 (1981), pp. 1-2.8
"What is Left of the Multiplier Accelerator?" American Economic Association Papers and Proceedings, 71-2 (May, 1981), pp. 150-155.
"Bubbles, Rational Expectations and Financial Markets," with Mark Watson. In Paul Wachtel (ed.), Crises in the Economic and Financial Structure. Lexington Books, 1982, pp. 295-316.
"Anticipations, Recessions and Policy, An Intertemporal Disequilibrium Model," with Jeffrey Sachs. Annales de l'INSEE (December, 1982), pp. 117-144.
"Macroeconomic Prospects and Policies for the European Community," with Giorgio Basevi, Willem Buiter, Rudiger Dornbusch and Richard Layard. Center for European Policy Studies, 1 (April, 1983). Reprinted in Restoring Europe's Prosperity, listed above.
"An Intertemporal Equilibrium Model of Saving and Investment," with Andrew Abel. Econometrica 51-3 (May, 1983), pp. 675-692.
"The Production and Inventory Behavior of the U.S. Automobile Industry." Journal of Political Economy, 91-3 (June, 1983), pp. 365-400.
"Debt and the Current Account Deficit in Brazil." In Pedro Aspe, Rudiger Dornbusch and Maurice Obstfeld (eds.), Financial Policies and the World Capital Market: The Problem of Latin American Countries. University of Chicago Press and NBER, 1983.
"Dynamic Effects of a Shift in Savings: the Role of Firms." Econometrica, 51-5 (September, 1983), pp. 1583-1592.
"Price Asynchronization and Price Level Inertia." In Rudiger Dornbusch and Mario Simonsen (eds.), Inflation, Debt and Indexation. MIT Press, 1983, pp. 3-25, reprinted in The New Keynesian Economics, N. Gregory Mankiw and David Romer eds, MIT Press.
"Methods of Solution and Simulation for Dynamic Rational Expectations Models." Economie Appliquee, 36,1 (1983), pp. 27-46.
"Current and Anticipated Deficits, Interest Rates and Economic Activity." European Economic Review, 20, 1-2 (May-June, 1984). Reprinted in International Volatility and Economic Growth, G. de Menil and R. Gordon eds, North Holland, 1991, 357-390.
"U.S. Deficits, the Dollar and Europe," with Rudiger Dornbusch. Center for European Policy Studies 6 (January, 1984), and in Banca Nazionale del Lavoro Quarterly Review (March, 1984), pp. 89-113. Reprinted in Restoring Europe's Prosperity, listed above.
"The Lucas Critique and the Volcker Deflation." American Economic Papers and Proceedings 74, 2 (May, 1984), pp. 211-216, reprinted in Kevin Hoover ed, The New Classical Macroeconomics, Volume 2, Edward Elgar Publishing, 1992, reprinted in Kevin Hoover, ed, The legacy of Robert Lucas, Edward Elgar Publishing, forthcoming.
"Bulles, Anticipations Rationelles et Marches Financiers." Annales de l'INSEE 54 (May, 1984), pp. 79-99.
"Europe: The Case for Unsustainable Growth," with Giorgio Basevi, Willem Buiter, Rudiger Dornbusch and Richard Layard. Center for European Policy Studies, 8/9 (May, 1984). Reprinted in Restoring Europe's Prosperity, listed above.
"Perspectives on High World Interest Rates," with Larry Summers. Brookings Papers on Economic Activity (1984-2), pp. 273-334.
"Credibility, Disinflation and Gradualism." Economic Letters 17 (1985), pp. 211-217.
"Deficits, Debt and Finite Horizons." Journal of Political Economy, 93, 2 (April, 1985), pp. 223-247. Reprinted in Fiscal and Monetary Policy, Thomas Mayer and Steven Sheffrin eds, Edward Elgar Publishing.
"Employment and Growth: A Two-handed Approach," with Rudiger Dornbusch, Jacques Dreze, Herbert Giersch, Richard Layard and Mario Monti. Center for European Policy Studies, 21 (June, 1985). Reprinted in Restoring Europe's Prosperity, listed above. Reprinted as "Occupazione e crescita in Europa : un intervento su due fronti", in Giornale degli Economisti e annali di economica, November-December 1985, 3-36.
"Why are World Real Interest Rates so High?" with Larry Summers. In Europe and the Dollar. San Paolo Bank, 1985, 177-198.
"Public Debt and Fiscal Responsibility," with Rudiger Dornbusch and Willem Buiter. Center for European Policy Studies (July, 1985). Reprinted in Restoring Europe's Prosperity, listed above.
"The Expected Present Discounted Value of Profits and the Cyclical Variability of Investment," with Andrew Abel. Econometrica54, 2 (March, 1986), pp. 249-272.
"Methods of Solution for Dynamic Rational Expectations Models: A Survey." Journal of Mathematical Programming, 23 (1985), pp. 210-225.
"Are Business Cycles All Alike?" with Mark Watson. In Robert Gordon (ed.), Continuity and Change in the American Business Cycle. NBER and the University of Chicago Press, Sept., 1986.
"The Wage Price Spiral." Quarterly Journal of Economics, (August, 1986), pp. 543-565.
"The Cyclical Behavior of Prices and Quantities; The Case of the Automobile Industry," with Angelo Melino. Journal of Monetary Economics, 17 (1986), pp. 379-407.
"Hysteresis and European Unemployment," with Lawrence Summers. In Stanley Fischer (ed.), NBER Macroeconomics Annual. MIT Press, Sept., 1986, 15-77. Reprinted in R. Cross (ed.), Unemployment, Hysteresis and the Natural Rate Hypothesis. Basil Blackwell, 1988, pp. 306-364.
"Pourquoi les Taux d'Interet Sont-ils Aussi Eleves?" with Lawrence Summers. Annales d'economie et de Statistique (July-Sept., 1986), pp. 53-100.
"Fiscal Increasing Returns, Hysteresis, Real Wages and Unemployment," with Lawrence Summers. European Economic Review, 31 (1987), pp. 543-566.
"Hysteresis in Unemployment," with Lawrence Summers. European Economic Review, 31, 1/2 (1987), pp. 288-295, reprinted in "Economic Models of Trade Unions", Chapman and Hall, in The New Keynesian Economics, N. Gregory Mankiw and David Romer editors,, MIT Press, and in "Recent Developments in Macroeconomics", Edmund Phelps editor, Edward Elgar, 1990.
"Aggregate and Individual Price Adjustment." Brookings Papers on Economic Activity (1987-1), pp. 57-122, reprinted in "Recent Developments in Macroeconomics", Edmund Phelps editor, Edward Elgar, 1990.
"Reaganomics." Economic Policy 5 (1987), pp. 15-56.
"Monopolistic Competition and the Effects of Aggregate Demand," with Nobuhiro Kiyotaki. American Economic Review77, 4 (Sept., 1987), pp. 647-666, reprinted in The New Keynesian Economics, N. Gregory Mankiw and David Romer editors, MIT Press, in Macroeconomics and Imperfect Competition, J.P Benassy ed, Edward Elgar Publishing, in Business Cycle Theory, F. Kydland ed, Edward Elgar Publishing.
"Investment and Sales: Some Empirical Evidence," with Andrew Abel. In William Barnett, Ernst Berndt, and Hal White (eds.), Dynamic Econometric Modeling. Cambridge University Press, 1988.
"Consumption: Beyond Certainty Equivalence," with N. Gregory Mankiw. American Economic Review 78, 2 (May, 1988), pp. 173-177.
"Beyond the Natural Rate Hypothesis," with Lawrence H. Summers. American Economic Review 78, 2 (May, 1988), pp. 182-187.
"The US Economy in the 1980's and Beyond", with Rudiger Dornbusch, in Rivista di Politica Economica, Aprile 1989, 109-136, reprinted in Keynes and the Economic Policies of the 1980's, Mario Baldassari editor, St. Martin's Press, New York, 109-136
"The Dynamic Effects of Aggregate Demand and Aggregate Supply Shocks," with Danny Quah. American Economic Review, 79-4, September 1989, 655-673.
"The Beveridge Curve", with Peter Diamond, Brookings Papers on Economic Activity, 1989-1, 1-76, reprinted in The Economics of Unemployment, P.N. Junankar editor, Edward Elgar Publisher
"Les Courbes de Beveridge et de Phillips comme outils d'analyse du chomage" Lecture au Congres de la Societe Canadienne de Sciences Economiques, L'Actualite Economique, 65-3, Septembre 1989, 387-422.
"A Traditional Interpretation of Macroeconomic Fluctuations," American Economic Review, 79-5, December 1989, 1146-1164.
"Spanish Unemployment", with Samuel Bentolila, Economic Policy, Volume 10, April 1990, 233-281.
"Unemployment and Wages; What have we learned from the European Experience ?", Employment Institute Lecture, London, May 1990.
"Economic Reform in Poland", with Richard Layard, Center for Research into Communist Economies, July 1990, 63-83.
"Money and Output: A Survey." In Benjamin Friedman and Frank Hahn (eds.), Handbook of Monetary Economics, Volume II, Chapter 15, 780-835, 1990.
"The Aggregate Matching Function", with Peter Diamond, in Productivity, Growth and Unemployment, P. Diamond ed., MIT Press, 159-201, 1990.
"The Sustainability of Fiscal Policies: New Answers to an Old Question", with J.C Chouraqui, R. Hagemann and N. Sartor, OECD Economic Studies, Autumn 1990, no 15, 7-36. Also, "La Soutenabilite de la Politique Budgetaire: Reponses Nouvelles a une Question Ancienne", Revue Economique de l'OCDE, Automne 1990, no 15 8-38.
"The Cyclical Behavior of the Gross Flows of US Workers", with Peter Diamond, Brookings Papers on Economic Activity, 1990-2, 85-143.
"Two Tools for Analyzing Unemployment", Issues in Contemporary Economics, Marc Nerlove ed., MacMillan/International Economics Association, Volume 2, 1990, 102-127.
"Getting the Questions Right--and Some of the Answers." in Charles Bean and Jacques Dreze (eds.), Europe's Unemployment Problem", MIT Press, 1991, 66-89.
"Wage Bargaining and Unemployment Persistence", Money, Credit and Banking Lecture, Journal of Money, Credit and Banking, 23-3-1, 1991, 277-292.
"Mercato Azionario, Profitti ed Investimenti", with Lawrence Summers and Chang Yong Rhee, Rivista di Politica Economica, March 1991, 3-44.
"How to Privatize", with Richard Layard, in The transfomartion of socialist economies, Horst Siebert ed., J.C.B. Mohr, Tubingen, February 1992, 27-43.
"The Flow Approach to Labor Markets", with Peter Diamond, American Economic Review Papers and Proceedings, May 1992, 82-2, 354-359.
"Regional Evolutions", with Lawrence Katz, Brookings Papers on Economic Activity, 1992-1, 1-75.
"For a return to Pragmatism", in The Business Cycle : Theories and Evidence, Federal Reserve Bank of Saint Louis, Michael Belongia and Michele Garfinkel, eds., 1992, 121-132. Translated in Portuguese, "Novos Classicos e Novos Keynesianos : a longa pausa", in Literatura economica, June 1992, 16-30.
"Post-Stabilization Inflation in Poland", with Richard Layard, Wage Policy during the transition to a market economy: Poland 1990-91, World Bank discussion papers, Fabrizio Coricelli and Ana Revenga, eds., 1992, 51-72.
"The Stock Market, Profit and Investment", with Changyong Rhee and Lawrence Summers, Quarterly Journal of Economics, 108-1, February 1993, 115-136.
"Competitiveness through Disinflation; An Assessment of French Macroeconomic Policy since 1983", with Pierre Alain Muet, Economic Policy, Volume 16, April 1993, 12-56.
"Consumption and the Recession of 1990-1991", American Economic Review Papers and Proceedings, May 1993, 83-2, 270-275.
"Stabilization and Transition ; Poland 1990-1991", with Andrew Berg, in " The Transition in Eastern Europe", Olivier Blanchard, Ken Froot and Jeffrey Sachs editors, NBER and the University of Chicago Press, 1994, 51-92.
"Movements in the Equity Premium", Brookings Papers on Economic Activity, 1993-2, 75-138.
"The Vanishing Equity Premium", Amex Bank Review, Finance and the International Economy, 7, 1994, 22-39.
"Unemployment and restructuring in Eastern Europe", with Fabrizio Coricelli and Simon Commander, Unemployment in Transition Countries: Transient or Persistent?, OECD, Paris, 1994. Also in Unemployment, Restructuring and the labor market in Eastern Europe and Russia, Simon Commander and Fabrizio Coricelli eds., EDI Development Studies, World Bank, 1995, 289-330. Also in (short version) Finance and Development, December 1994, 6-10 .
"The Debt Burden and Debt Maturity", with Alessandro Missale, American Economic Review, 84-1, March 1994, 309-319.
"Ranking, Unemployment Duration and Wage Determination", with Peter Diamond, Review of Economic Studies, Vol. 61-3, no 208, July 1994, 417-434. Also published as "Criteri di Selezione, Durata della Disoccupazione e Salari", Rivista di Politica Economica, 83-3, February 1993, 3-56.
"The Behavior of State Firms in Eastern Europe, pre-privatization", with Philippe Aghion and Robin Burgess, European Economic Review, Vol. 38-6, 1994, 1327-1350.
"On the speed of transition in Central Europe", with Philippe Aghion, NBER Macroeconomics Annual, 1994, 283-330, reprinted in The transition to the market economy, Paul Hare and Junior R. Davis, eds, Routledge, 1997.
"What do firms do with cash windfalls?", with Florencio Lopez de Silanes and Andrei Shleifer, Journal of Financial Economics, 1994, reprinted in The international library of critical writings in financial economics, Empirical corporate finance, Richard Roll ed, Edwar Elgar, 2000.
"Structural unemployment: Spain versus Portugal", with Juan Jimeno, American Economic Review, May 1995, 85-2, 212-218.
"On Insider Privatization,", with Philippe Aghion, European Economic Review, 1996, 40, 759-766.
"Theoretical Aspects of Transition'', American Economic Review Papers and Proceedings, May 1996, 117-122.
"The Economics of Enterprise Restructuring in Central and Eastern Europe", with Philippe Aghion and Wendy Carlin. Discussion Paper, CEPR, 1058, November 1994, forthcoming in John Roemer editor, Property Rights, Incentives and Welfare, MacMillan.
"What We Know and Do Not Know About the Natural Rate of Unemployment", with Lawrence Katz, Journal of Economic Perspectives, Winter 1997, 11-1, 51-73.
"Is There a Core of Usable Macroeconomics?", American Economic Review, Papers and Proceedings, May 1997, 87-2, 244-247, reprinted in Gospodarka Narodowa, 5-6, 1998, 125-128.
"Disorganization", with Michael Kremer, Quarterly Journal of Economics, November 1997, 112-4, 1091-1126
"On Privatization Methods in Eastern Europe, and their Implications", with Philippe Aghion, Economics of Transition, volume 6 (1), 87-99, 1998
"A Numerical Model of Transition", with John Keeling, in S. Commander ed, ``Enterprise Restructuring and Unemployment in Models of Transition, Economic Development Institute of the World Bank, 1998, 193-226.
"The Optimal Speed of Disinflation. The Case of Hungary", in C. Cottarelli and G. Szapary eds, Moderate Inflation. The experience of Transition Economies, IMF and National Bank of Hungary, Washington DC, 1998, 132-149.
"The Medium Run, Brookings Papers on Economic Activity, 1997 2, 89-158.
Croissance et Chomage, with Jean-Paul Fitoussi, Rapport au Conseil dAnalyse Economique, Paris, La Documentation Francaise, Janvier 1998, also as ``La croissance pour vaincre le chomage; Elements dune nouvelle politique, Notes de la Fondation Saint-Simon, Mars 1998.
Revisiting European unemployment: Employment, capital accumulation, and factor prices, Geary lecture, ESRI, June 1998.
Macroeconomic Policy in the first year of Euroland, First Annual CEPS Report on the European Economy of the CEPS Macroeconomic Policy Group, with Daniel Gros, Guido Tabellini, Hans-Werner Sinn, Gilles Saint-Paul, Michael Emerson and Thomas Mayer, December 1998.
"Wage Dynamics. Reconciling theory and evidence, with Larry Katz, AEA Proceedings, AER, May 1999, 69-74.
European Unemployment. The Role of Shocks and Institutions, Baffi lecture, Bank of Italy, Rome, January 1999.
"The role of Shocks and Institutions in the rise of European Unemployment: The Aggregate Evidence", with Justin Wolfers, Harry Johnson lecture, Economic Journal, 110, March 2000, 1-33.
Reducing Spanish unemployment under the EMU, (La reduccion del desempleo en Espana dentro de la UME), with Juan Francisco Jimeno, in El Euro y SUS Repercusiones Sobre la Economia Espanola, Fundacion BBV, 1999, 41-90
What do we Know about Macroeconomics that Fisher and Wicksell did not?, QJE, forthcoming, November 2000.
In Honor of Andrei Shleifer: Winner of the John Bates Clark Medal, Journal of Economic Perspectives, forthcoming, 2000
What hides behind an unemployment rate. Comparing Portuguese and US unemployment, with Pedro Portugal, March 1998, forthcoming AER
Comments and Notes:
Comment on "A Reexamination of the Theory of Automatic Stabilizers: Income Stability and Economic Efficiency under Alternative Tax Schemes," by Larry Christiano and Edward Miller. Carnegie Rochester Conference, Supplement to the Journal of Monetary Economics, 20 (Spring, 1984), pp. 207-209.
Comment on "Macroeconomic Policy Coordination Among the Industrial Economies," by Gilles Oudiz and Jeffrey Sachs. Brookings Papers on Economic Activity, 1984-1.
Comment on "Investment, Output and The Cost of Capital," by Matthew Shapiro. Brookings Papers on Economic Activity (1986-1), pp. 153-158.
Comment on "Market Structure and Macro Fluctuations," by Robert Hall. Brookings Papers on Economic Activity (1986-2), pp. 323-328.
Comment on "On Germany's Fiscal Policy in the 1980's," by Gerhard Fels and Hans Peter Frolich. Economic Policy 4 (1987), pp. 195-200.
Comment on "The Supply Side and Macroeconomic Modeling," by Steve Nickell. In Empirical Macroeconomics for Interdependent Economies." Brookings (1987), pp. 218-219.
Comment on "Vector Autoregressions and Reality," by David Runkle. Journal of Business and Economic Statistics 5, 4 (Oct., 1987), pp. 449-451.
Comment on "Fiscal Policies, Net Saving and Real Exchange Rates: the United States, the Federal Republic of Germany and Japan," by Paul Masson and Malcolm Knight. In Jacob Frenkel (ed.), International Aspects of Fiscal Policies." NBER-University of Chicago Press (1988), pp. 61-67.
Articles on "The Neo-classical Synthesis," "Leads and Lags," "Crowding Out" for the New Palgrave Encyclopedia. 1988.
Comment on "Where does the Spread of Conservatism Come From? Elements of Theory with an Application to France," by Daniel Cohen. Economic Policy 6 (1988).
Comment on "The Swinging Dollar: Is Europe Out of Step?" by Charles Wyplosz, in The Economics of the Dollar Cycle, Stefan Gerlach (ed.), MIT Press, 336-340.
Comment on "New Classical Macroeconomics: A Sympathetic Account," by Bennett McCallum. 90th Anniversary Symposium of the Scandinavian Journal of Economics, 91-2, 259-263
"The Changed Environment for Business in France." In Judith Frommer and Janice McCormick (eds.), New Directions in French Business: A Multifaceted Study." Greenwood Press. 1989.
Comments on "The Efficient Design of Public Debt", by Douglas Gale, in Capital Markets and Debt Management, R. Dornbusch and M. Draghi eds., 1991.
"The Macroeconomic Implications of the New Forms of Labor Contracts", in Structural Changes in US Labor Markets, R. Eberts and E. Groshen eds, M.E. Sharpe, New York, 1991, 201-207.
Comments on "Can Severe Fiscal Contractions be Expansionary? Tales of Two Small European Countries", by F. Giavazzi and M. Pagano, NBER Macroeconomics Annual, 1990, 111-116
"Suggestions for a New Set of Fiscal Indicators", OECD Working Paper, no 79, April 1990, also in The Political Economy of Debt, H.A.A Verbon and F. Van Winden, editors, North Holland, 1993, 307-324.
"Leads and lags" in The New Palgrave, Econometrics, edited by J. Eatwell, M. Milgate, P. Newman, 1990, 123-125.
Comments on "Convergence across States and Regions", by Robert Barro and Xavier Sala i Martin, Brookings Papers on Economic Activity, 1991-1, 159-174.
Comments on "Fiscal Policy Harmonization in the EC; An Unorthodox View", by Stefan Sinn, in Moneda i Credito, 1991.
"Post War Stabilization and Eastern Europe", Panel Discussion in Postwar Economic Reconstruction and Lessons for the East today, Rudiger Dornbusch, Richard Layard and Wilhem Nolling (eds), MIT Press, 1992, 231-234.
"Fundamentalness and the Interpretation of Time Series Evidence. Reply to Lippi and Reichlin", with Danny Quah, American Economic Review, 83-3, June 1993, 653-658.
"Crowding Out" and "Neoclassical Synthesis", in The New Palgrave World of Economics, 1992.
"Neoclassical Synthesis", in The New Palgrave Dictionary of Money and Finance, 1992.
"On the Dynamics of Transition and Restructuring", contribution to a Round table on Restructuring, in The Economics of Transition, Voume 1, 2, 273-274, 1993.
"How to Decrease Unemployment", The 1990's Slump: Causes and Cures, McMillan, and in Italian, "Como diminuire la disoccupazione, Rivista di Politica Economica, 88-3, Dicembre 1993, 295-306 .
"Transition in Poland", Economic Journal, 104, September 1994, 1169-1177, reprinted in The Transition to the Market Economy, Paul Hare ed., Routledge, forthcoming.
"Dynamics of European Unemployment; Research Summary", NBER Reporter, Spring 1994.
Comments on "Establishing Property rights", by Andrei Shleifer, World Bank Annual Conference on Development Economics, 1994, 118-122.
"Macroeconomic implications of the increase in the relative demand for skills", Economic Policy Review, Federal Reserve Bank of New York, January 1995, 1-1, 48-53, reprinted in Unemployment policy: Government Options for the Labour Market, D. Snower and G. de la Dehesa eds., Cambridge University Press, 1997, 282-295.
"Preface", The Natural Rate Hypothesis twenty five years on, Rod Cross ed., Cambridge University Press, 1995.
Comments on "Disinflation and the NAIRU", by Laurence Ball, in Reducing Inflation: Motivation and Strategy, David and Christina Romer, NBER and University of Chicago Press, 1997, 185-192.
Comments on "Labor Market Flexibility and Aggregate Employment Volatility", by Antonio Cabrales and Hugo Hopenhayn, Carnegie-Rochester Conference Volume 46, June 1997, 229-240.
Comments on "Stopping Hyperinflations, Big and Small", by Peter Ireland, in The Dynamic Effects of Monetary Policy, Journal of Money, Credit and Banking, November 1997, 2, 778-782.
Comments on "The New Neo-Classical Synthesis and the Role of Monetary Policy", by Marvin Goodfriend and Robert King, NBER Macroeconomics Annual, 1997, 289-294
Comments on Regional non-adjustment and Fiscal Policy, by Maurice Obstfeld and Giovanni Peri, Economic Policy, 26, 1998
Interview of Janos Kornai, for ``Macroeconomic dynamics, June 1998
Comments on "Crises, Recherche du Rendement et Comportements Financiers", by Patrick Artus and Michele Debonneuil, in "Architecture Financiere Internationale", Conseil d'Analyse Economique, 1999
Comments on "European Integration, Liberalization, and Labour Market Performance", by Robert Haffner, Stephen Nickell, Giuseppe Nicoletti, Stefano Scarpetta, and Gylfi Zoega, June 1999, forthcoming.
Comments on "Lessons from Transition", by John Flemming, ABCDE Conference, June 1999, forthcoming. Adapted and reprinted as Dans le feu de laction., Courrier de la Planete, 52, 1999-4, 41-42
Discussion of "The automatic stabilizers: Quietly doing their thing", by Darell Cohen and Glenn Folette, New York Fed conference on Fiscal Policy, December 1999, forthcoming
Comments on Les lecons de la diminution du chomage, by J.P. Fitoussi, Conseil dAnalyse Economique, 1999.
Bubbles, Liquidity Traps, and Monetary Policy. Comments on Jinushi et al. and on Bernanke. In ``Japans financial crisis and its parallels to the U.S. experience, Institute for International Economics, forthcoming, 2000.
Selected Op-Ed articles:
"A Radical Economic Program for France", Le Monde, March 1993, reprinted in italian, in Rivista di Politica Economica, August/September 1993, 179-185, and in The Italian Economy. What's next?, Mario Baldassari and Franco Modigliani eds, McMillan, 1995.
"2005: Un nuevo milagro economic espanol", with Juan Jimeno, El Pais, December 1994.
"Mobilite du Travail et Monnaie Commune", Liberation, January 1995.
"Le Chomage. Et si ils avaient tous tort?", Liberation, March 1995.
"Memo au President Chirac. Pour un Pacte Social", Liberation, May 1995.
"La Productivite n'est pas l'ennemi de l'emploi", Liberation, February 1996.
"Pourquoi et comment il faut reduire le deficit budgetaire", Liberation, April 1996.
"Un outil americain pour lutter contre les inegalites", Liberation, June 1996.
"Dix mauvaises raisons d'etre pour la monnaie commune", Liberation, November 1996.
"Les Ghettos Noirs: Un Challenge pour Clinton,", Liberation, December 1996.
"Reformes et Croissance", Liberation, January 1997.
"Faut-il suivre l'example du Chili?", Liberation, February 1997.
"Emploi, Croissance et Protection Sociale?", Liberation, April 1997.
Les Socialistes et la Croissance, Liberation, June 1997
La Croissance, limagination et la Concertation, Liberation, Septembre 1997
Le Miracle irlandais, Liberation, November 1997
Premieres lessons de la crise Asiatique, Liberation, December 1997
Limmigration russe en Israel et le chomage en France, Liberation, Janvier 1998
Plaidoyer pour la science molle, Liberation, February 1998
Les nuages sur lexpansion Americaine, March 1998
LEuro, les reformes, et la croissance, May 1998
LUniversite Malade, June 1998
Les petits couts des garde-fous, September 1998
Les deux crises, October 1998
Plaidoyer pour linflation, November 1998
Liberation articles from December 98 may be found on my
Home page at http://web.mit.edu/blanchar/www/lighterreading.html
Les lecons de lannee 1998, December 1998
"Euro et dollar, chacun pour soi", Mars 1999
"Le carcan des licenciements", September 1999
"Des solutions pour la Russie", November 1999
"L'Eurolande a besoin de coordination", December 1999
Trente ans de vaches grasses?, January 2000
Les chemins de la transition, February 2000
E-pigeons, March 2000
Unpublished Papers and work in progress:
"The Behavior of Stocks and Prices of Materials," with Jeffrey Sachs, March, 1980.
"Identification in Dynamic Linear Models with Rational Expectations." NBER Technical Working Paper 24, July, 1982.
"Layoffs by Seniority and Equilibrium Unemployment," with Richard Layard, April 1988.
"Limits to Public Debt," September 1988.
"Dynamic Efficiency and Debt Ponzi Schemes", with Philippe Weil, NBER working paper 3992, February 1992.
"Ranking, Unemployment Duration and Training Costs", with Peter Diamond, February 1996.
"The Plight of the Long-Term Unemployed", mimeo, March 1996.
Notes on a theory of unemployment, June 1998
"The dynamic effects of changes in government spending and taxes on activity", with Roberto Perotti, mimeo, March 1999
"The macroeconomic effects of deregulation", with Francesco Giavazzi, December 1999
The macroeconomic effects of a labor supply shift. Russian immigration in Israel in the 1990s, with Joseph Zeira, March 2000
Address: Department of Economics, E52-373
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