Macroeconomics Hardcover – 29 Jul 2005
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About the Author
About the Author
Olivier Blanchard is the Class of 1941 Professor of Economics at MIT. He did his undergraduate work in France, and received a Ph.D. in economics from MIT in 1977. He taught at Harvard from 1977 to 1982, and has taught at MIT since 1983. He has frequently received the award for best teacher in the department of economics.
He has done research on many macroeconomic issues, from the effects of fiscal policy, to the role of expectations, to price rigidities, to speculative bubbles, to unemployment in Western Europe, transition in Eastern Europe, and more recently, on labor market institutions. He has done work for many governments and many international organizations, including the World Bank, the IMF, the OECD, the EU commission and the EBRD. He has published over 150 articles and edited or written over 15 books, including Lectures on Macroeconomics with Stanley Fischer.
He is a research associate of the National Bureau of Economic Research, a fellow and a council member of the Econometric Society, a member of the American Academy of Arts and Sciences, and a past Vice President of the American Economic Association. He is also a member of the French Council of Economic Advisers.
He lives in Cambridge, with his wife, Noelle. He has three daughters, Marie, Serena, and Giulia.
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Top Customer Reviews
As a combined arts student, I often struggle with economics. But the pace of this book is very challenging but at the same time comfortable.
Emphasis is placed on fiscal and monetary policy decisions and their implications. Perhaps the best feature of this book from the perspective of a weak mathematician, is that all proofs and derived equations are fully explained. Blanchard achieves this better than many other authors as he manages to maintain a good pace in his explanation and gives comprehensive explanation without patronising the reader.
After taking this course and using this book I now have both a technical and intuitive understanding of macroeconomics.
The only minor problem is it is written with respect to the US economy i.e. all examples in $.
Moreover, it lacks an in depth explanation of the dynamics of inflation and
the Mundell-Fleming model.
My recommendation for macroeconomics' students is "Macroeconomics in the Global Economy" by Jefrey Sachs.
The text also gives an appendix at the end of the book on major figures in contemporary economics and the different schools of thought. This demonstrates to me that the book really intends to convey some genuine understanding about economics outside of basic theory.
I spotted a few typos that the editorial team should have ironed out by now, but nothing major.
Most Recent Customer Reviews
This book gives an amazing insight in to the world of Macroeconomics. I used it in my freshman year at Uni.Published on 2 May 2013 by Bashka