About the Authors
Olivier Blanchard is the Robert M. Solow Professor of Economics at the Massachusetts Institute of Technology. He did his undergraduate work in France and received a Ph.D. in economics from MIT in 1977. He taught at Harvard from 1977 to 1982 and has taught at MIT since 1983. He has frequently received the award for best teacher in the department of economics. He is currently on leave from MIT and serves as the Chief Economist at the International Monetary Fund.
He has done research on many macroeconomic issues, including the effects of fiscal policy, the role of expectations, price rigidities, speculative bubbles, unemployment in
Western Europe, transition in Eastern Europe, the role of labor market institutions, and
the various aspects of the current crisis. He has done work for many governments and
many international organizations, including the World Bank, the IMF, the OECD, the EU Commission, and the EBRD. He has published over 150 articles and edited or written over 20 books, including Lectures on Macroeconomics with Stanley Fischer.
He is a research associate of the National Bureau of Economic Research, a fellow of the
Econometric Society, a member of the American Academy of Arts and Sciences, and a past Vice President of the American Economic Association.
He currently lives in Washington, D.C. with his wife, Noelle. He has three daughters:
Marie, Serena, and Giulia.
David Johnson is Professor of Economics at Wilfrid Laurier University and Education Policy Scholar at the C. D. Howe Institute.
Professor Johnson’s areas of specialty are macroeconomics, international finance, and, more recently, the economics of education. His published work in macroeconomics
includes studies of Canada’s international debt, the influence of American interest rates on Canadian interest rates, and the determination of the exchange rate between Canada and the United States. His 2005 book Signposts of Success, a comprehensive analysis of elementary school test scores in Ontario, was selected as a finalist in 2006 for both the Donner Prize and the Purvis Prize. He has also written extensively on inflation targets as part of monetary policy in Canada and around the world. His primary teaching area is macroeconomics. He is coauthor with Olivier Blanchard of Macroeconomics (fourth Canadian edition).
Professor Johnson received his undergraduate degree from the University of Toronto,
his Master’s degree from the University of Western Ontario, and his Ph.D. in 1983 from
Harvard University, where Olivier Blanchard served as one of his supervisors. He has worked at the Bank of Canada and visited at the National Bureau of Economic Research, Cambridge University, and most recently at the University of California, Santa Barbara as Canada-U.S. Fulbright Scholar and Visiting Chair.
Professor Johnson lives in Waterloo, Ontario, with his wife Susan, who is also an economics professor. They have shared the raising of two children, Sarah and Daniel. When not studying or teaching economics, David plays Oldtimers’ Hockey and enjoys cross-country skiing in the winter and sculling in the summer. For a complete change of pace, Professor Johnson has been heavily involved in the Logos program, an after-school program for children and youth at First Mennonite Church in Kitchener, Ontario.