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Olivier Blanchard

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Olivier Blanchard

French economist and professor
@ojblanchard1 · 223,447 Followers

For those who may have missed earlier tweets. Pascal Lamy, Enrico Letta, Beatrice Weder di Mauro, and I have launched a Europe 2050 project, asking a number of experts and policy makers where they want Europe to be in 2050 and how , concretely, how we can get from here to there. #Europe2050 #FutureOfEurope #PolicyMaking #EU

Europe 2050 project: Ukraine and California. A truly fascinating paper by Yuriy Gorodnichenko. https://t.co/BLy8uAQ5Ja Citing from the intro: “Years ago, California was the frontier of the “Wild West.” Today, it is the beating heart of innovation and the new economy. In much #Europe2050 #Ukraine #California #UA #US

I have embarked, with Beatrice Weder di Mauro, Pascal Lamy, and Enrico Letta on a major project, called Europe 2050. The idea is to think about what we want Europe to be in 2050, look at where it is today, and how we can go from here to there. (Thanks to Mr Putin and Trump for #Europe2050 #FutureOfEurope #GlobalChallenges #EU #RU #US

Europe 2050 project. The traditional rules of trade do not apply anymore. How should Europe think about trade? This is the question taken up by Alan Wolff, a former deputy director general of the WTO. Very much in the spirit of a coalition of the willing. Most of the world #Europe2050 #TradeInnovation #GlobalEconomy #EU

Nothing. (Original: fully agree. Investors are starting to question the safety of US Treasuries (Liberation day episode). One more reason to offer them an alternative at size. (An alternative to our proposal is for the German government to run much larger deficits, so the Bunds market is large and) #Investing #USTreasuries #MarketAlternatives #US #DE

The argument in the G7 report https://t.co/tznm2lRMUi that global imbalances create financial risks is unconvincing. Suppose there were no imbalances, either in stocks (assets= liabilities) or in flows (zero financial account). The risk that some investors decide to sell would -