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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 ...
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.
Macroeconomics is a branch of economics that deals with the performance, ... including Olivier Blanchard, Janet Yellen, Julio Rotemberg, Greg Mankiw, ...
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.
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.
Trend of monthly inflation rate in Italy, from 1962 to February 2022. In macroeconomics, a wage-price spiral (also called a wage/price spiral or price/wage spiral) is a proposed explanation for inflation, in which wage increases cause price increases which in turn cause wage increases, in a positive feedback loop. [1]
The overlapping generations (OLG) model is one of the dominating frameworks of analysis in the study of macroeconomic dynamics and economic growth.In contrast to the Ramsey–Cass–Koopmans neoclassical growth model in which individuals are infinitely-lived, in the OLG model individuals live a finite length of time, long enough to overlap with at least one period of another agent's life.
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.