Let's make Canada the 28th member of the European Union.
Olivier Blanchard
1,965 posts
Olivier Blanchard
@ojblanchard1
Robert Solow Professor of economics emeritus, MIT,
Senior Fellow, Peterson Institute for International Economics
Professor, Paris School of Economics
- This is insane.#Brazil and #Argentina to start preparations for a common currency Other Latin American nations will be invited to join plan which could create world’s second-largest currency union ft.com/content/5347d2…
- What I worried about has happened. A completely unequal “deal” between the US and the EU. Have no doubt: asymmetric 15% tariffs are a EU defeat. When the law of the jungle prevails, the weak have little choice than to accept their fate. But Europe could potentially have been
- 1/8. A point which is often lost in discussions of inflation and central bank policy. Inflation is fundamentally the outcome of the distributional conflict, between firms, workers, and taxpayers. It stops only when the various players are forced to accept the outcome.
- I feel the use of ``stagflation’’ is wrong. We are not seeing anything like stagnation. What we are seeing instead is very strong growth, fueled by private and public demand, hitting supply constraints, and leading to some sharp price increases. Nothing to do with stagflation.
- I have lost my mentor. Robert Solow was my thesis advisor, and being named the Robert Solow professor of economics at MIT was the proudest day of my life. There will be times for elogies. Meanwhile, RIP Bob, with infinite thanks.
- Ca s'appelle l'effet multiplicateur. On l'apprend en première année d'éco en cours de Macroéconomie.
- 1. If it is confirmed that even 3 doses of Sinovac are ineffective against Omicron, China now has 1.4b non immunized citizens... This has major economic implications for China and for the world.
- RIP Alberto Alesina, my student, my friend. Passion for life. Passion for work (we often disagreed, but we both learned from each other), creativity, and very hard work. Big loss.
- Running bilateral trade surplus/deficits with different countries is the way it should be. Trying to eliminate each one is simply stupid. I have a trade deficit with my grocer, a trade surplus with my employer. I am not sure it would be a great idea for me to work for my grocer.
- 日本は特に悪性の「長期停滞」、つまり、国内の民間需要の不足に直面しています。完全雇用を維持するためには、積極的な金融政策と財政政策が必要になります。金融政策に可能なことは全て行いました。そこで、財政政策の役割が求められます。
- Ben Bernanke is the living economist who has made the biggest contribution to world GDP. Without his actions when the financial crisis came, GDP would have collapsed much more than it did. So, on purely financial grounds, he deserves the prize (and on other grounds as well).
- Xi Jinping, Putin, Trump, Erdogan, Orban. What can go wrong?
- Why on earth should the European union be willing to accept, as it seems ready to do, the 15% tariff? Are we really so weak that this is the best we can hope for?
