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Inflation and Activity – Two Explorations and their Monetary Policy Implications

Author/Editor: Olivier J. Blanchard, Eugenio Cerutti, Lawrence Summers.

Release Date:November, 2015

We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it more...



Price: $18.00
Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence

Author/Editor: Olivier J. Blanchard, Jonathan David Ostry, Atish R. Ghosh, Marcos Chamon.

Release Date:October, 2015

The workhorse open-economy macro model suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging market policy makers however believe that more...



Price: $18.00
Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?

Author/Editor: Olivier J. Blanchard, Gustavo Adler, Irineu E. de Carvalho Filho.

Release Date:July, 2015

Many emerging market economies have relied on foreign exchange intervention (FXI) in response to gross capital inflows. In this paper, we study whether FXI has been an effective tool to dampen the more...



Price: $18.00
Rethinking Macro Policy II : Getting Granular

Author/Editor: Olivier J Blanchard, Giovanni Dell'Ariccia, Paolo Mauro.

Release Date:April, 2013

This note explores how the economic thinking about macroeconomic management has evolved since the crisis began. It discusses developments in monetary policy, including unconventional measures; the more...



Price: $10.00
Labor Market Policies and IMF Advice in Advanced Economies during the Great Recession

Author/Editor: Olivier J Blanchard, Florence Jaumotte, Prakash Loungani.

Release Date:March, 2013

This paper does two things. First, it articulates what are the main implications of theoretical and empirical research for design of labor market policies and labor market institutions. Second, in more...



Price: $10.00
(Why) Should Current Account Balances Be Reduced?

Author/Editor: Gian M Milesi-Ferretti, Olivier J Blanchard.

Release Date:March, 2011

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are more...



Price: $10.00
Reconstructing the World Economy

Author/Editor: Il SaKong, Olivier J. Blanchard.

Release Date:July, 2010

This volume presents papers from a conference organized by the Korea Development Institute and the IMF. The purpose of this high-level conference was for policymakers and academics from the Asian more...



Price: $30.00
Rethinking Macroeconomic Policy

Author/Editor: Olivier J. Blanchard, Giovanni Dell'Ariccia, Paolo Mauro.

Release Date:February, 2010

The great moderation lulled macroeconomists and policymakers alike in the belief that we knew how to conduct macroeconomic policy. The crisis clearly forces us to question that assessment. In this more...



Price: $10.00
Global Imbalances : In Midstream?

Author/Editor: Gian Milesi-Ferretti, Olivier J. Blanchard.

Release Date:December, 2009



Price: $10.00
The Crisis : Basic Mechanisms and Appropriate Policies

Author/Editor: Olivier J. Blanchard.

Release Date:April, 2009

The purpose of this lecture is to look beyond the complex events that characterize the global financial and economic crisis, identify the basic mechanisms, and infer the policies needed to resolve more...



Price: $18.00