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Blanchard was born in Amiens (France).His father was a neurologist, his mother a psychiatrist. Blanchard says he was attracted to economics because of the student protests in France in 1968, [20] showing the importance of economics for society’s welfare, and the attractiveness of thinking about the issues through quantitative methods. [20]
The truth is that Ec 10, a requirement for economics concentrators, provides a necessary academic grounding for the study of economics as a social science. Professor Mankiw's curriculum sticks to the basics of economic theory without straying into partisan debate.
Michael Christopher Burda (born April 4, 1959) is an American macroeconomist and professor at the Humboldt University of Berlin. [2]Since 1993 he has been director of the Institute for Economic Theory II and since 2007 visiting professor at the European School of Management and Technology (ESMT).
Olivier Blanchard in his textbook uses the term IS–LM–PC model (PC standing for Phillips curve). [3] Others, among them Carlin and Soskice, refer to it as the "three-equation New Keynesian model", [ 14 ] the three equations being an IS relation, often augmented with a term that allows for expectations influencing demand, a monetary policy ...
Many researchers, such as Blanchard, Galí [1] or Mankiw [2] appear skeptical with regard to the existence of divine coincidence in the real world. This skepticism is mostly directed to the severely restrictive assumptions required for divine coincidence to exist in the NKPC model, most prominently the absence of real wage rigidities.
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. [1] This includes regional, national, and global economies .
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Jordi Galí (born January 4, 1961) is a Catalan macroeconomist who is regarded as one of the main figures in New Keynesian macroeconomics today. He is a Senior Researcher at the Centre de Recerca en Economia Internacional (CREI), a Professor at Universitat Pompeu Fabra and a Research Professor at the Barcelona School of Economics.
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