I have observed and appreciated Olivier Blanchard’s intellectual journey over the last decade. It began in August 2008, with what must be regarded as one of the worst-timed papers in the history of ...

This paper introduces a new curve in the familiar IS-LM graph. The points on this curve correspond to long run equilibria in the capital and labor factor markets. A graphical analysis is developed to ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Katrina Ávila Munichiello is an experienced ...