Oliver Jean Blanchard – Lectures on Macroeconomics

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Lectures on Macroeconomics provide the first comprehensive description and evaluation of macroeconomic theory in many years. While the authors’ perspective is broad, they clearly state their assessment of what is important and what is not as they present the essence of macroeconomic theory today. The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment, and movement in prices. The most important fact of modern economic history is persistent long-term growth, but as the book makes clear, this growth is far from steady. The authors analyze and explore these fluctuations.


Olivier Jean Blanchard is currently the chief economist at the International Monetary Fund, a post he has held since September 1, 2008. He is also the Class of 1941 Professor of Economics at MIT, though he is currently on leave. Blanchard is one of the most cited economists in the world, according to IDEAS/RePEc
Blanchard has published numerous research papers in the field of macroeconomics, as well as undergraduate and graduate macroeconomics textbooks (including his extremely popular Macroeconomics).

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