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  2. Olivier Blanchard - Wikipedia

    en.wikipedia.org/wiki/Olivier_Blanchard

    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 ...

  3. Divine coincidence - Wikipedia

    en.wikipedia.org/wiki/Divine_coincidence

    Conversely, if New Keynesian models are extended to account for these real imperfections, divine coincidence disappears and central banks again face a trade-off between inflation and output gap stabilization. The definition of divine coincidence is usually attributed to the seminal article by Olivier Blanchard and Jordi Galí in 2007. [1]

  4. New Keynesian economics - Wikipedia

    en.wikipedia.org/wiki/New_Keynesian_economics

    Blanchard and Galí have called this property the 'divine coincidence'. [ 71 ] However, they also show that in models with more than one market imperfection (for example, frictions in adjusting the employment level, as well as sticky prices), there is no longer a 'divine coincidence', and instead there is a tradeoff between stabilizing ...

  5. Nobuhiro Kiyotaki - Wikipedia

    en.wikipedia.org/wiki/Nobuhiro_Kiyotaki

    In 1987, together with Olivier Blanchard, Kiyotaki demonstrated the importance of monopolistic competition for the aggregate demand multiplier. [10] Most New Keynesian macroeconomic models now assume monopolistic competition for the reasons outlined by Blanchard and Kiyotaki.

  6. Wage-price spiral - Wikipedia

    en.wikipedia.org/wiki/Wage-price_spiral

    An early use of the concept was in 1868. The term "wage-price spiral" appeared in a 1937 New York Times article about the Little Steel strike.In the 1970s, US President Richard Nixon attempted to break what he saw as a "spiral" of prices and costs, by imposing a price freeze, with little effect.

  7. American Economic Journal - Wikipedia

    en.wikipedia.org/wiki/American_Economic_Journal

    Olivier Blanchard was chosen as the first editor. He resigned in 2009 stating that his duties as Chief Economist of the International Monetary Fund proved incompatible with editing the journal in the context of the current financial crisis. [3] He was replaced by Steven J. Davis. The current editor is John Leahy.

  8. IS–LM model - Wikipedia

    en.wikipedia.org/wiki/IS–LM_model

    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 ...

  9. Blanchard - Wikipedia

    en.wikipedia.org/wiki/Blanchard

    Okie Blanchard (Claire H. Blanchard) (died 1989), head football coach in 1940 at the University of Wyoming; Olivier Blanchard (born 1948), French economist; Paul Harwood Blanchard (1923–2011), American glider pilot and author; Pharamond Blanchard (1805–1873), French historical subject and landscape painter