former imf chief economist, 2008-2015
Causes of the financial crisis
Washington D.C., USA
Olivier Blanchard is a leading macroeconomist who served as chief economist of the International Monetary Fund from 2008 to 2015.
Since 2015 he has been C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics.
A citizen of France, Blanchard has spent most of his professional life in Cambridge, MA. After obtaining his PhD in economics from the Massachusetts Institute of Technology (MIT) in 1977, he taught at Harvard University and returned to MIT in 1982. He was chair of the economics department from 1998 to 2003. He remains Robert M. Solow Professor of Economics emeritus at MIT.
Blanchard has worked on a wide range of economic issues, including the role of monetary policy, the nature of speculative bubbles, the nature of the labour markets and the determinants of unemployment, transition in former communist countries, and forces behind the recent global financial crisis. In the process, he has worked with numerous countries and international organisations. He is the author of many books and articles, including two textbooks on macroeconomics, one at the graduate level with Stanley Fischer and the other at the undergraduate level.
He is a past editor of the Quarterly Journal of Economics and the NBER Macroeconomics Annual and founding editor of American Economic Journal: Macroeconomics. He is a fellow and past council member of the Econometric Society, president-elect of the American Economic Association, and a member of the American Academy of Sciences.