In Blanchard’s Macroeconomics 7th edition, the author presents a global, unified view of macroeconomics, enabling readers and economics students to see the connections between financial markets, goods, and labor markets worldwide. Organized into 2 parts, this PDF etextbook contains a core section that focuses on long-, medium and short-run markets and 3 major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis and monetary policy in the United States of America, to the problems of the Euro area and growth in China, the etextbook helps eco students and readers make sense not only of current macroeconomic events but also of events that may unfold in the future. Integrated, detailed boxes in the 7th Edition have been updated to convey the life of macroeconomics today; reinforce lessons from the models; and help readers employ and develop their analytical and evaluative skills.
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About The Author
Olivier J. Blanchard
Although a citizen of France, Dr. Olivier Jean Blanchard has spent most of his life in Cambridge, Massachusetts. After obtaining his PhD in economics from MIT in 1977, he taught at Harvard University, returning to MIT in 1982. He was chair of the economics department from 1998 to 2003. In 2008, Dr. Blanchard took a leave of absence to be the Economic Counsellor and Director of the Research Department of the International Monetary Fund (IMF). Since October 2015, he is the Fred Bergsten Senior Fellow at the Peterson Institute for International Economics, in Washington.
Dr. Blanchard has worked on a wide set of macroeconomic issues, from the role of monetary policy, to the nature of the labor market and the determinants of unemployment, to transition in former communist countries, to the nature of speculative bubbles, and to forces behind the recent global crisis. In the process, Blanchard has worked with numerous international organizations and countries. He is the writer of many articles and books, including a graduate level book with Dr. Stanley Fischer.
Olivier is also a past editor of the NBER Macroeconomics Annual, and founding editor of the AEJ Macroeconomics. He is a fellow and past council member of the Econometric Society, a past vice president of the American Economic Association, and a member of the American Academy of Sciences.
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