Olivier Blanchard is Chief Economist of the IMF.
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Olivier Blanchard
Commentaries by Olivier Blanchard
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The Long and Winding Road to Recovery
SAO PAULO – The global economy has bounced back strongly from the nadir of 2009, but growth is still uneven and recent data in key advanced …
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How to Emerge from the Crisis in 2009
WASHINGTON, DC – In the maelstrom of events and news that characterize the current global crisis, it is often difficult to keep a clear head…
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The ECB’s Path Not Taken
It is now clear that the European Central Bank views higher interest rates as the right response to rising oil prices. As a result, the ECB …
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Europe’s Blame Game
The European Union’s leaders have just met to draw the lessons from the failed referenda on the Constitutional Treaty. But they need not sea…
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Reforming Employment Protection
There may be no labor market institution more controversial than employment protection regulation--the complex set of laws and procedures th…
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Europe's Pain, America's Gain
Is economic recovery around the corner, as promised by the leaders of the G8, the group of the world's richest countries that held their ann…
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The Crisis of the Left
After a series of electoral losses around the world, the left is in crisis. To restore it to health, some on the left argue for a return to …
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Beware of Symbols
Argentina's crisis has been heating up for a long time. So long has the country been in crisis, indeed, that the question is no longer if it…
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Close Encounters with Recessions of the Third Kind
PARIS: Three types of recessions exist. The first type are those caused by major shocks, say an outbreak of war or a sudden, sharp increase …
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The Dutch Jobs Miracle
PARIS: Unemployment in the Netherlands dipped below 3% recently, a figure for the most part unheard of in Europe since the oil shocks of the…
