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Olivier Blanchard Quotes

born 1948 France

Olivier Jean Blanchard (born December 27, 1948) is a French economist, and the chief economist at the International Monetary Fund between 2008 and 2015.

France
Academics
Economists

Also known as: Olivier Jean Blanchard

Random Olivier Blanchard quote

4 quotes

The different classes of models have a lot to learn from each other, but the goal of full integration has proven counterproductive. No model can be all things to all people.

Crises feed uncertainty. And uncertainty affects behaviour, which feeds the crisis.

Policy models, aimed at analyzing actual macroeconomic policy issues. Models in this class should fit the main characteristics of the data, including dynamics, and allow for policy analysis and counterfactuals.

I refuse to start from the assumption that the role of monetary policy is to control and stabilize inflation. The only acceptable way to start is, I believe, to think of the goal of monetary policy, together with fiscal policy,as the maximization of welfare.

Monetary Policy; Science or Art? (2006)

Attribution

Quotes and notes from Wikiquote: Olivier Blanchard (page history), available under CC BY-SA 4.0.