Abstract

http://ssrn.com/abstract=1324280
 
 

References (14)



 
 

Citations (26)



 


 



The Crisis: Basic Mechanisms, and Appropriate Policies


Olivier J. Blanchard


National Bureau of Economic Research (NBER); Peter G. Peterson Institute for International Economics

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


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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)
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Peter G. Peterson Institute for International Economics ( email )
1750 Massachusetts Avenue, NW
Washington, DC 20036
United States
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