Olivier Blanchard
ojblanchard1
1. For the record. Larry Summers and I indeed argued for hysteresis in Europe in the 1980s. We thought, and I still do, that, in that context, high actual unemployment
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Some quick reactions to the new lockdowns in Europe. 1. The degree of uncertainty is much higher than in the first wave. In the first wave, the (incorrect) belief was
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Quick reactions to the French economic plan released today. The three legs, climate, competitivite (helping firms), cohesion (helping people) make good sense. The amount committed, 100 b euros on top
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