Olivier Blanchard
The price of oil, China, and stock market herding
The world economy so far in 2016 is a confusing place, with stock markets plummeting. Olivier Blanchard finds the mainstream reasons – China and the oil price dip – wanting.
An assessment of the state of the world economy
The IMF’s Chief Economist describes the complex forces that are shaping macroeconomic evolutions around the world and provides an overview of the state of the world economy.
Where Danger Lurks
IMF Chief Economist Olivier Blanchard explains that before the 2008 crisis, the mainstream world view among US macroeconomists was that economic fluctuations were regular and essentially self-correcting. He argues that macroeconomic policy should keep the economy away from ‘dark corners’.
Is the world recovery really strengthening?
The global economy seems to be on the mend. IMF Chief Economist Olivier Blanchard provides a quick overview of the likely developments.
Monetary policy will never be the same
The global crisis changed the face of monetary policy. The IMF’s chief economist, reviews the main changes. It draws on contributions to a recent IMF conference on the topic.
Cliffs avoided, mountains ahead
Olivier Blanchard, the IMF’s Chief Economist, argues that important progress has been made by putting the crisis behind us but that recovery continues to be hampered by the need for fiscal consolidation and a weak financial system.
Lessons from Latvia
Latvia was severely hit by the Global Crisis yet its adjustment has been remarkable. Four years after the hit it has one of the highest growth rates in Europe, its euro-peg has held, and the fiscal and current accounts are close to balance.