Abstract

http://ssrn.com/abstract=1324280
 
 

References (14)



 
 

Citations (25)



 


 



The Crisis: Basic Mechanisms, and Appropriate Policies


Olivier J. Blanchard


International Monetary Fund (IMF); National Bureau of Economic Research (NBER)

December 29, 2008

MIT Department of Economics Working Paper No. 09-01

Abstract:     
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 the current crisis, as well as the policies needed to reduce the probability of similar events in the future.

Number of Pages in PDF File: 34

Keywords: financial crisis, credit, liquidity, spreads, leverage

JEL Classification: E32, E44

working papers series


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Date posted: January 10, 2009 ; Last revised: January 15, 2009

Suggested Citation

Blanchard, Olivier J., The Crisis: Basic Mechanisms, and Appropriate Policies (December 29, 2008). MIT Department of Economics Working Paper No. 09-01. Available at SSRN: http://ssrn.com/abstract=1324280 or http://dx.doi.org/10.2139/ssrn.1324280

Contact Information

Olivier J. Blanchard (Contact Author)
International Monetary Fund (IMF) ( email )
700 19th Street, N.W.
Washington, DC 20431
United States
202 623 7825 (Phone)
202 623 7271 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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