The State of Macro

By Olivier J. Blanchard. 2009

456 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/339db06d2acf1bb15284562447a4bd0a570310b5

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In Economics and Econometrics

Citations in the corpus

The rebuilding macroeconomic theory project: an analytical assessment (2018, background): “2 Olivier Blanchard famously said ‘the state of macro is good’ (Blanchard, 2009).”
Commodity-price comovement and global economic activity (2020, background): “For example, Blanchard (2009) notes that the macroeconomics factor literature has yielded a puzzling need for separate factors to explain real, nominal, and financial variables.”
Reserve Requirements for Price and Financial Stability - When are They Effective? (2012, methodology): “…to evaluate the importance of loss function differences, we compare the values of our loss function with the corresponding 9Using a related argument Blanchard (2009) concludes “Ad-hoc welfare functions, in terms of deviations of inflation and deviations of output from some smooth path may be the…”
Schumpeter meeting Keynes: A policy-friendly model of endogenous growth and business cycles (2010, background): “…defended the turf of ‘‘nonfundamental’’ fluctuations most often on the grounds of informational and behavioral frictions (an insightful overview is in Blanchard, 2009), with just a minority holding the view that such ‘‘imperfections’’ are in fact structural, long-term characteristics of the…”
New Consensus Macroeconomics: A Critical Appraisal (2009, unknown): “It fails to demonstrate whether price setters change their decisions on the basis of what their expectations of inflation would be in the future (Blanchard 2008: 21).”
Bank Risk-Taking, Securitization, Supervision and Low Interest Rates: Evidence from the Euro Area and the U.S. Lending Standards (2010, unknown): “1 See also Besley and Hennessy (2009), Blanchard (2008, 2009), Brunnemeier (2009), Calomiris (2008), Diamond and Rajan (2009b), Reinhardt and Rogoff (2009), and numerous editorial and op-ed articles since summer 2007 in The Financial Times, The Wall Street Journal, and The Economist.”