Olivier Blanchard
Olivier Blanchard is Professor of Economics at MIT.
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2008-12-01
| In the maelstrom of events and news that characterize the current global crisis, it is often difficult to keep a clear head and a sense of what is really going on. But when one takes a step back from the market turmoil, the picture becomes clearer, and so do the required policies.... read |
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2005-12-01
| It is now clear that the European Central Bank views higher interest rates as the right response to rising oil prices. As a result, the ECB risks painting itself into a corner, for the logic behind this week’s interest-rate hike implies that more increases will follow – a series of policy mistakes that will cost the Eurozone economies heavily.... read |
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2005-06-17
| The European Union’s leaders have just met to draw the lessons from the failed referenda on the Constitutional Treaty. But they need not search too far for culprits; indeed, they need only look in the mirror and confront the consequences of the dishonest game that the leaders of EU member states have played for too long. ... read |
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2004-01-16
| There may be no labor market institution more controversial than employment protection regulation--the complex set of laws and procedures that govern how firms hire and fire workers.... read |
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2003-06-10
| Is economic recovery around the corner, as promised by the leaders of the G8, the group of the world's richest countries that held their annual meeting in Evian, France last week? Many economic stars are indeed aligned for recovery, both in the US and in Europe. ... read |
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2003-01-28
| After a series of electoral losses around the world, the left is in crisis. To restore it to health, some on the left argue for a return to their parties' historical roots. Others argue that the old myths should be abandoned in favor of a bold move forward. ... read |
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2001-12-14
| Argentina's crisis has been heating up for a long time. So long has the country been in crisis, indeed, that the question is no longer if it may boil over, but when. ... read |
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2001-03-12
| PARIS: Three types of recessions exist. The first type are those caused by major shocks, say an outbreak of war or a sudden, sharp increase in the price of petroleum. Recall that the OPEC oil shocks of the 1970's incited two world recessions. The second category of recessions arise by chance, for example when consumer confidence dips, or businesses become uneasy and cut back on investment and/or inventory. This was the cause of America’s recession in the early 1990’s. ... read |
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2000-07-06
| PARIS: Unemployment in the Netherlands dipped below 3% recently, a figure for the most part unheard of in Europe since the oil shocks of the 1970s. Indeed, not so long ago unemployment in the Netherlands stood above 10%. Have the Dutch invented a Fourth Way to improved economic performance and are there lessons for the rest of Europe in the Dutch experience? ... read |
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Reform is Feasible for Russia
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Olivier Blanchard 
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PARIS: Who lost Russia? Who is responsible for Russia's economic meltdown since 1990? Are bumbling politicians guilty, or grasping oligarches, corrupt apparatchiks, the mafia, or the IMF? Accusations and finger pointing abounds, but the facts remain obscure. Ordinary Russians throw up their hands thinking everyone with power is tainted. A new study by the consultants McKinsey, however, sheds some light on this question and moves the debate forward. ... read
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2005-12-01
| It is now clear that the European Central Bank views higher interest rates as the right response to rising oil prices. As a result, the ECB risks painting itself into a corner, for the logic behind this week’s interest-rate hike implies that more increases will follow – a series of policy mistakes that will cost the Eurozone economies heavily.... read |
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2005-06-17
| The European Union’s leaders have just met to draw the lessons from the failed referenda on the Constitutional Treaty. But they need not search too far for culprits; indeed, they need only look in the mirror and confront the consequences of the dishonest game that the leaders of EU member states have played for too long. ... read |
-
2004-01-16
| There may be no labor market institution more controversial than employment protection regulation--the complex set of laws and procedures that govern how firms hire and fire workers.... read |
-
2003-01-28
| After a series of electoral losses around the world, the left is in crisis. To restore it to health, some on the left argue for a return to their parties' historical roots. Others argue that the old myths should be abandoned in favor of a bold move forward. ... read |
-
2003-06-10
| Is economic recovery around the corner, as promised by the leaders of the G8, the group of the world's richest countries that held their annual meeting in Evian, France last week? Many economic stars are indeed aligned for recovery, both in the US and in Europe. ... read |
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2001-03-12
| PARIS: Three types of recessions exist. The first type are those caused by major shocks, say an outbreak of war or a sudden, sharp increase in the price of petroleum. Recall that the OPEC oil shocks of the 1970's incited two world recessions. The second category of recessions arise by chance, for example when consumer confidence dips, or businesses become uneasy and cut back on investment and/or inventory. This was the cause of America’s recession in the early 1990’s. ... read |
-
2001-12-14
| Argentina's crisis has been heating up for a long time. So long has the country been in crisis, indeed, that the question is no longer if it may boil over, but when. ... read |
-
2000-07-06
| PARIS: Unemployment in the Netherlands dipped below 3% recently, a figure for the most part unheard of in Europe since the oil shocks of the 1970s. Indeed, not so long ago unemployment in the Netherlands stood above 10%. Have the Dutch invented a Fourth Way to improved economic performance and are there lessons for the rest of Europe in the Dutch experience? ... read |
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2008-12-01
| In the maelstrom of events and news that characterize the current global crisis, it is often difficult to keep a clear head and a sense of what is really going on. But when one takes a step back from the market turmoil, the picture becomes clearer, and so do the required policies.... read |
