Olivier Blanchard, a French-born professor of economics at MIT, has been appointed chief economist of the IMF. This is a great choice: Olivier is not only a leading macroeconomist, the author (with S. Fischer) of an excellent textbook on the subject (not for the faint of heart, however), and an expert on unemployment. He is also a reader of French Politics. So how can the IMF go wrong? Congratulations, Olivier.
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