When and where was Olivier Blanchard born?
Olivier Jean Blanchard was born on the 27th of December 1948 in Amiens, France. His father worked as a neurologist while his mother practiced psychiatry.
Olivier Jean Blanchard was born on the 27th of December 1948 in Amiens, France. His father worked as a neurologist while his mother practiced psychiatry.
Olivier Blanchard completed his PhD at the Massachusetts Institute of Technology in 1977 under Stanley Fischer and Robert Solow. He moved from France to the United States in 1973 to pursue advanced studies after earning a DES degree in economics from the University of Nanterre by 1972.
Olivier Blanchard joined the International Monetary Fund as chief economist in September 2008 with the formal title Economic Counsellor and Head of the Research Department. He remained at the institution until 2015 covering both the financial crisis and the Euro area crisis.
In 2012 Blanchard and Daniel Leigh analyzed output forecasts across advanced economies and found that countries with the strongest fiscal consolidation underperformed relative to their initial projections. Their conclusion stated that adverse effects of fiscal adjustment were larger than previously assumed by the fund.
Blanchard co-authored Lectures on Macroeconomics with Stanley Fischer in 1989. The book reviewed macroeconomic theory based on their joint graduate course at MIT and quickly became a standard text used widely in graduate courses up to the present day.