Olivier Jean Blanchard

Journal Articles

1. Olivier Jean Blanchard (2026). Convergence? Thoughts about the Evolution of Mainstream Macroeconomics over the Last 40 Years. NBER Macroeconomics Annual.DOI
2. Olivier Jean Blanchard, Ben Bernanke (2023). What Caused the US Pandemic-Era Inflation? National Bureau of Economic Research.DOI
3. Olivier Jean Blanchard (2018). Distortions in Macroeconomics. NBER Macroeconomics Annual.DOI
4. Olivier Jean Blanchard, Lawrence H. Summers (2017). Rethinking Stabilization Policy: Evolution or Revolution? National Bureau of Economic Research.DOI
5. Olivier Jean Blanchard (2017). On the future of macroeconomic models. Oxford Review of Economic Policy.DOI
6. Olivier Jean Blanchard, Guido Lorenzoni, Jean-Paul L’Huillier (2017). Short-Run Effects of Lower Productivity Growth. A Twist on the Secular Stagnation Hypothesis. National Bureau of Economic Research.DOI
7. Olivier Jean Blanchard, Christopher J. Erceg, Jesper Lindé (2017). Jump-Starting the Euro-Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery? NBER Macroeconomics Annual.DOI
8. Olivier Jean Blanchard (2017). Comment. NBER Macroeconomics Annual.DOI
9. Olivier Jean Blanchard, Florence Jaumotte, Prakash Loungani (2013). Labor Market Policies and IMF Advice in Advanced Economies during the Great Recession. IMF staff discussion note.DOI
10. Olivier Jean Blanchard, Daniel Leigh (2013). Growth Forecast Errors and Fiscal Multipliers. American Economic Review.DOI
11. Olivier Jean Blanchard (2010). Sustaining a global recovery. Journal of Policy Modeling.DOI
12. Olivier Jean Blanchard, Jordi Gaĺı (2010). Labor Markets and Monetary Policy: A New Keynesian Model with Unemployment. American Economic Journal Macroeconomics.DOI
13. Olivier Jean Blanchard (2007). Current Account Deficits in Rich Countries. IMF Staff Papers.DOI
14. Olivier Jean Blanchard (2007). A Review of Richard Layard, Stephen Nickell, and Richard Jackman's Unemployment: Macroeconomic Performance and the Labour Market. Journal of Economic Literature.DOI
15. Olivier Jean Blanchard, Jordi Gaĺı (2007). Real Wage Rigidities and the New Keynesian Model. Journal of money credit and banking.DOI
16. Olivier Jean Blanchard (2007). Deficiti tekuceg bilansa u bogatim zemljama. Panoeconomicus.DOI
17. Olivier Jean Blanchard, Jordi Gaĺı (2007). The Macroeconomic Effects of Oil Shocks: Why are the 2000s So Different from the 1970s? National Bureau of Economic Research.DOI
18. Olivier Jean Blanchard, Francesco Giavazzi (2006). Rebalancing Growth in China: A Three‐Handed Approach. China & World Economy.DOI
19. Olivier Jean Blanchard (2004). The Economic Future of Europe. The Journal of Economic Perspectives.DOI
20. Olivier Jean Blanchard, Francesco Giavazzi (2003). Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets. The Quarterly Journal of Economics.DOI
21. Olivier Jean Blanchard, Roberto Perotti (2002). An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output. The Quarterly Journal of Economics.DOI
22. Olivier Jean Blanchard, Pedro Portugal (2001). What Hides Behind an Unemployment Rate: Comparing Portuguese and U.S. Labor Markets. American Economic Review.DOI
23. Olivier Jean Blanchard (2001). In Honor of Andrei Shleifer: Winner of the John Bates Clark Medal. The Journal of Economic Perspectives.DOI
24. Olivier Jean Blanchard (2000). What do we know about Macroeconomics that Fisher and Wicksell did not? De Economist.DOI
25. Olivier Jean Blanchard (2000). What Do We Know about Macroeconomics that Fisher and Wicksell Did Not? The Quarterly Journal of Economics.DOI
26. Olivier Jean Blanchard, Justin J. Wolfers (1999). The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence. National Bureau of Economic Research.DOI
27. Philippe Aghion, Olivier Jean Blanchard (1998). On privatization methods in Eastern Europe and their implications1. Economics of Transition.DOI
28. Olivier Jean Blanchard (1998). Revisiting European Unemployment: Unemployment, Capital Accumulation, and Factor Prices. National Bureau of Economic Research.DOI
29. Olivier Jean Blanchard, M. Kremer (1997). Disorganization. The Quarterly Journal of Economics.DOI
30. Olivier Jean Blanchard, Lawrence F. Katz (1997). What We Know and Do Not Know About the Natural Rate of Unemployment. The Journal of Economic Perspectives.DOI
31. Olivier Jean Blanchard (1995). Preface. Cambridge University Press eBooks.DOI
32. Philippe Aghion, Olivier Jean Blanchard, Robin Burgess (1994). The behaviour of state firms in eastern Europe, pre-privatisation. European Economic Review.DOI
33. Philippe Aghion, Olivier Jean Blanchard (1994). On the Speed of Transition Central Europe. National Bureau of Economic Research.DOI
34. Olivier Jean Blanchard, Florencio Lopez-de-Silane (1993). What do Firms do with Cash Windfalls? National Bureau of Economic Research.DOI
35. Olivier Jean Blanchard, Peter Diamond (1992). The Flow Approach to Labor Markets. National Bureau of Economic Research.DOI
36. Alessandro Missale, Olivier Jean Blanchard (1991). The Debt Burden and Debt Maturity. National Bureau of Economic Research.DOI
37. Olivier Jean Blanchard (1991). Wage Bargaining and Unemployment Persistence. Journal of money credit and banking.DOI
38. Olivier Jean Blanchard, Peter A. Diamond (1990). Ranking, Unemployment Duration, and Wages. National Bureau of Economic Research.DOI
39. Olivier Jean Blanchard, Peter A. Diamond (1989). The Aggregate Matching Function. National Bureau of Economic Research.DOI
40. Olivier Jean Blanchard, Peter A. Diamond, Robert E. Hall, Janet Yellen (1989). The Beveridge Curve. Brookings Papers on Economic Activity.DOI
41. Olivier Jean Blanchard (1989). Les courbes de Beveridge et de Phillips comme outils d’analyse du chômage. L Actualité économique.DOI
42. Olivier Jean Blanchard, Danny T. Quah (1988). The Dynamic Effects of Aggregate Demand and Supply Disturbances. National Bureau of Economic Research.DOI
43. Olivier Jean Blanchard (1988). Unemployment: Getting the Questions Right - and some of the answers. National Bureau of Economic Research.DOI
44. Olivier Jean Blanchard, N. Gregory Mankiw (1988). Consumption: Beyond Certainty Equivalence. National Bureau of Economic Research.DOI
45. Olivier Jean Blanchard, Lawrence H. Summers (1987). Hysteresis in unemployment. European Economic Review.DOI
46. Olivier Jean Blanchard, Robert J. Gordon, Christopher A. Sims (1987). Aggregate and Individual Price Adjustment. Brookings Papers on Economic Activity.DOI
47. Olivier Jean Blanchard, Lawrence H. Summers (1986). Fiscal Increasing Returns, Hysteresis, Real Wages and Unemployment. National Bureau of Economic Research.DOI
48. Olivier Jean Blanchard (1986). Empirical Structural Evidence on Wages, Prices and Employment in the US. National Bureau of Economic Research.DOI
49. Olivier Jean Blanchard, Lawrence H. Summers (1986). Hysteresis and the European Unemployment Problem. NBER Macroeconomics Annual.DOI
50. Andrew B. Abel, Olivier Jean Blanchard (1986). The Present Value of Profits and Cyclical Movements in Investment. Econometrica.DOI
51. Olivier Jean Blanchard, Nobuhiro Kiyotaki (1985). Monopolistic Competition, Aggregate Demand Externalities and Real Effects of Nominal Money. National Bureau of Economic Research.DOI
52. Olivier Jean Blanchard, Mark W. Watson (1984). Are Business Cycles All Alike? National Bureau of Economic Research.DOI
53. Olivier Jean Blanchard (1984). Debt, Deficits and Finite Horizons. National Bureau of Economic Research.DOI
54. Olivier Jean Blanchard (1984). The Lucas Critique and the Volcker Deflation. National Bureau of Economic Research.DOI
55. Olivier Jean Blanchard, Angelo Melino (1984). Cyclical Behavior of Prices and Quantities in the Automobile Market. National Bureau of Economic Research.DOI
56. Olivier Jean Blanchard, Lawrence H. Summers, Alan S. Blinder, William D. Nordhaus (1984). Perspectives on High World Real Interest Rates. Brookings Papers on Economic Activity.DOI
57. Olivier Jean Blanchard (1984). Current and Anticipated Deficits, Interest Rates and Economic Activity. National Bureau of Economic Research.DOI
58. Olivier Jean Blanchard (1983). The Production and Inventory Behavior of the American Automobile Industry. Journal of Political Economy.DOI
59. Olivier Jean Blanchard (1983). Inflexible Relative Prices and Price Level Inertia. National Bureau of Economic Research.DOI
60. Andrew B. Abel, Olivier Jean Blanchard (1983). An Intertemporal Model of Saving and Investment. Econometrica.DOI
61. Olivier Jean Blanchard, Jeffrey Sachs (1982). Anticipations, Recessions and Policy: An Intertemporal Disequilibrium Model. National Bureau of Economic Research.DOI
62. Olivier Jean Blanchard, Mark W. Watson (1982). Bubbles, Rational Expectations and Financial Markets. National Bureau of Economic Research.DOI
63. Olivier Jean Blanchard (1982). Identification in Dynamic Linear Models with Rational Expectations. National Bureau of Economic Research.DOI

Preprints

1. Olivier Jean Blanchard, Christian Gollier, Jean Tirole (2022). The portfolio of economic policies needed to fight climate change. SSRN Electronic Journal.DOI
2. Olivier Jean Blanchard, Jeromin Zettelmeyer, Álvaro Leandro (2021). Redesigning EU Fiscal Rules: From Rules to Standards. SSRN Electronic Journal.DOI
3. Olivier Jean Blanchard (2019). Public Debt and Low Interest Rates. SSRN Electronic Journal.DOI
4. Olivier Jean Blanchard, Mitali Das (2017). A New Index of External Debt Sustainability. SSRN Electronic Journal.DOI
5. Olivier Jean Blanchard (2017). Should We Reject the Natural Rate Hypothesis? SSRN Electronic Journal.DOI
6. Olivier Jean Blanchard (2016). ¿Tienen Futuro Los Modelos DSGE? (Do DSGE Models Have a Future?). SSRN Electronic Journal.
7. Olivier Jean Blanchard (2016). Currency Wars, Coordination, and Capital Controls. SSRN Electronic Journal.DOI
8. Olivier Jean Blanchard, Eugenio Cerutti, Lawrence H. Summers (2015). Inflation and Activity: Two Explorations and Their Monetary Policy Implications. SSRN Electronic Journal.DOI
9. Olivier Jean Blanchard, Jonathan David Ostry, Atish R. Ghosh, Marcos Chamon (2015). Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence. SSRN Electronic Journal.DOI
10. Olivier Jean Blanchard, Gustavo Adler, Irineu de Carvalho Filho (2015). Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks? SSRN Electronic Journal.DOI
11. Olivier Jean Blanchard, Gian Maria Milesi‐Ferretti (2011). (Why) Should Current Account Balances Be Reduced? SSRN Electronic Journal.DOI
12. Olivier Jean Blanchard, Giovanni Dell’Ariccia, Paolo Mauro (2010). Rethinking Macroeconomic Policy. SSRN Electronic Journal.DOI
13. Olivier Jean Blanchard, Gian Maria Milesi‐Ferretti (2010). Global Imbalances: In Midstream? SSRN Electronic Journal.DOI
14. Olivier Jean Blanchard, Marianna Riggi (2009). Why are the 2000s so Different from the 1970s? A Structural Interpretation of Changes in the Macroeconomic Effects of Oil Prices. SSRN Electronic Journal.DOI
15. Olivier Jean Blanchard, Jean-Paul L’Huillier, Guido Lorenzoni (2009). News, Noise, and Fluctuations: An Empirical Exploration. SSRN Electronic Journal.DOI
16. Antonio Spilimbergo, Steven Symansky, Olivier Jean Blanchard, Carlo Cottarelli (2009). Fiscal Policy for the Crisis. SSRN Electronic Journal.DOI
17. Olivier Jean Blanchard (2009). The Crisis: Basic Mechanisms, and Appropriate Policies. SSRN Electronic Journal.DOI
18. Olivier Jean Blanchard (2008). The Tasks Ahead. SSRN Electronic Journal.DOI
19. Olivier Jean Blanchard (2008). The State of Macro. SSRN Electronic Journal.DOI
20. Olivier Jean Blanchard, Jordi Gaĺı (2007). The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so Different from the 1970s? SSRN Electronic Journal.DOI
21. Olivier Jean Blanchard (2006). Adjustment with the Euro: The Difficult Case of Portugal. SSRN Electronic Journal.DOI
22. Olivier Jean Blanchard (2006). Is There a Viable European Social and Economic Model? SSRN Electronic Journal.DOI
23. Olivier Jean Blanchard, Francesco Giavazzi, Filipa G. Sa (2005). The U.S. Current Account and the Dollar. SSRN Electronic Journal.DOI
24. Olivier Jean Blanchard (2005). European Unemployment: The Evolution of Facts and Ideas. SSRN Electronic Journal.DOI
25. Olivier Jean Blanchard (2005). Interview of Stanley Fischer. SSRN Electronic Journal.DOI
26. Olivier Jean Blanchard, Thomas Philippon (2004). The Quality of Labor Relations and Unemployment. SSRN Electronic Journal.DOI
27. Olivier Jean Blanchard, Jean Tirole (2004). The Joint Design of Unemployment Insurance and Employment Protection: A First Pass. SSRN Electronic Journal.DOI
28. Olivier Jean Blanchard (2004). Fiscal Dominance and Inflation Targeting: Lessons from Brazil. SSRN Electronic Journal.DOI
29. Olivier Jean Blanchard, Francesco Giavazzi (2004). Improving the SGP Through a Proper Accounting of Public Investment. SSRN Electronic Journal.
30. Olivier Jean Blanchard (2004). Reforming Labor Market Institutions: Unemployment Insurance and Employment Protection. SSRN Electronic Journal.DOI
31. Olivier Jean Blanchard, Francesco Giavazzi (2003). Current Account Deficits in the Euro Area. The End of the Feldstein Horioka Puzzle? SSRN Electronic Journal.DOI
32. Olivier Jean Blanchard, Jean Tirole (2003). Contours of Employment Protection Reform. SSRN Electronic Journal.DOI
33. Olivier Jean Blanchard, John A. Simon (2001). The Long and Large Decline in U.S. Output Volatility. SSRN Electronic Journal.DOI
34. Olivier Jean Blanchard, Philippe Weil (2001). Dynamic Efficiency, the Riskless Rate and Debt Ponzi Games Under Uncertainty. SSRN Electronic Journal.DOI
35. Olivier Jean Blanchard, Augustin Landier (2001). The Perverse Effects of Partial Labor Market Reform: Fixed Duration Contracts in France. SSRN Electronic Journal.DOI
36. Olivier Jean Blanchard, Andrei Shleifer (2000). Federalism with and Without Political Centralization. China Versus Russia. SSRN Electronic Journal.DOI
37. Olivier Jean Blanchard (1995). Macroeconomic Implications of Shifts in the Relative Demand for Skills. SSRN Electronic Journal.
38. Olivier Jean Blanchard, Jean-Claude Chouraqui, Robert Hagemann, Nicola Sartor (1991). The Sustainability of Fiscal Policy: New Answers to an Old Question. SSRN Electronic Journal.

Book Chapters

1. Olivier Jean Blanchard (1996). How to Decrease Unemployment. Palgrave Macmillan UK eBooks.DOI
2. Olivier Jean Blanchard (1991). Two Tools for Analysing Unemployment. Palgrave Macmillan UK eBooks.DOI
3. Olivier Jean Blanchard (1990). Chapter 15 Why does money affect output? A survey. Handbook of monetary economics.DOI
4. Andrew B. Abel, Olivier Jean Blanchard (1988). Investment and sales: some empirical evidence. Cambridge University Press eBooks.DOI

Books

1. Olivier Jean Blanchard. THE ASIAN MONETARY POLICY FORUM Insights for Central Banking. RePEc: Research Papers in Economics.DOI