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Olivier Jean Blanchard (French: [blɑ̃ʃaʁ]; born December 27, 1948) [17] [18] is a French economist and professor. He is Robert M. Solow Professor Emeritus of Economics at the Massachusetts Institute of Technology , Professor of Economics at the Paris School of Economics , and as the C. Fred Bergsten Senior Fellow at the Peterson Institute ...
Macroeconomics is a branch of economics that deals with the ... including Olivier Blanchard, Janet Yellen, ... Olivier (2021). Macroeconomics (Eighth, global ed ...
The AD–AS or aggregate demand–aggregate supply model (also known as the aggregate supply–aggregate demand or AS–AD model) is a widely used macroeconomic model that explains short-run and long-run economic changes through the relationship of aggregate demand (AD) and aggregate supply (AS) in a diagram.
Notably this is the case in Olivier Blanchard's widely-used [13] intermediate-level textbook "Macroeconomics" since its 7th edition in 2017. [14] In this case, the LM curve becomes horizontal at the interest rate level chosen by the central bank, allowing a simpler kind of dynamics.
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.
The IMF Economic Review has a focus on open economy macroeconomics, but also features content on global economic policies, international finance as well as international trade. Its current publication frequency is of four issues per year and its current editor and co-editor are the economists Pierre-Olivier Gourinchas and Ayhan Kose.
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A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices.
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