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Olivier Blanchard

@ojblanchard1 wrld.org
French economist and professor
4 followers
Olivier Blanchard 2w

The author wrote that if restrictions on Starlink use in Ukraine proved to be politically motivated, debate about billionaire oligarchs would focus not only on their wealth but also on their political power. The post ended mid-sentence while referring to “this case.” #Starlink #Ukraina #Oligarchs #UA

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Olivier Blanchard 3w

The author wrote that the Nobel Prize awarded to Mike Woodford and Bob Hall would reignite debate over the New Keynesian model. They said some would treat it as an unambiguous success in building macroeconomics on microfoundations, while others would dismiss it as an empirically irrelevant construction.

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Olivier Blanchard 3w

The writer said the Nobel Prize awarded to Mike Woodford and Bob Hall would reignite debate over the so-called New Keynesian model. They wrote that some would hail it as a success in building macroeconomics from microfoundations, while others would dismiss it as an empirically irrelevant construction.

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Olivier Blanchard 4w

The author said they had been hacked and warned people on their contact email list not to open an “invite” email sent in their name. They also apologized.

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Olivier Blanchard 4w

A quick reaction and a message to all those who are in the presidential campaign. Don't add fuel to the fire. Irresponsible proposals in recent weeks have raised the rates on French bonds by 0.75%. #Présidentielle2023 #France #Économie #FR (translated)

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Olivier Blanchard 4w

The author said a reposted graph was particularly relevant to France, as it showed interest rates rising gradually and then sharply when debt appeared to be becoming unsustainable. They added that the paper behind the graph was due to be published that week and said they would post more once it was out. #économie #dette #France #FR

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Olivier Blanchard Sep 25

Bad news for the ECB. Great news for the IMF. Hard to think of a more competent person for the IMF finance job. Isabel and I have not always agreed, but I have always learned from our interactions, and she has done an amazing job at the ECB. Her speeches, and especially her #ECB #IMF #Finance #EU #DE #IT #IMF

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Olivier Blanchard Sep 19

Reason for specifically citing open weight (and therefore Chinese LLMs, but not only Chinese) is that, even if they have built-in guardrails, somebody with the relevant knowledge can go in and remove them. In principle, harder to do with Anthropic or Open AI LLMs. #OpenAI #AIethics #LLM #CN

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Olivier Blanchard Aug 15

Many comments on the tweet about the risk of a public debt crisis in France point to the role of the central bank, the ECB in this case, in avoiding multiple equilibria. And, indeed, the ECB has a major role to play. On paper, it is easy. There are three zones, determined by #PublicDebt #ECB #FranceFinance #FR #EU

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Olivier Blanchard Aug 14

I keep being asked. How long can France go on with budget deficits and increasing debt until we get a crisis? The answer: I cannot tell. Not because I am particularly dumb (this is a separate issue). But because there is a potentially large danger zone, where the crisis may or #France #BudgetDeficit #DebtCrisis #FR

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Olivier Blanchard Aug 6

Europe 2050 project. Looking forward, European countries are facing unusually large fiscal challenges. High debt to start, still large primary deficits in many countries, aging combined with pay-as-you-go retirement systems, a needed defense buildup, mitigation and adaptation #Europe2050 #FiscalChallenges #Sustainability #EU #DE #FR #IT #ES #PL #NL #BE #SE #DK #FI #GR #PT #IE #AT #CZ #HU #RO #SK #BG #HR #SI #LT #LV #EE #LU #CY

Olivier Blanchard Aug 3

Europe 2050 project. An important piece by Catherine de Vries on the structure of the European Union. https://t.co/mQhuc1EhCc Europe faces major challenges, but under increasing polarization and heterogeneity, unanimity rules often prevent progress. Thus, Europe must explore #Europe2050 #EuropeanUnion #CatherineDeVries #EU

Olivier Blanchard Jul 28

The other major contribution on defense for the Europe 2050 project. By Thierry Chopin @Th_Chopin and Samuel Faure @samuelbhfaure : https://t.co/K7ktG4QBT6 They start from where we are and where we need to go. Since 2022, the EU has moved. Defense budget has increased by 47%, #EU2050 #Defense #BudgetIncrease #EU

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Olivier Blanchard Jul 28

One of two major contributions on defense for the Europe 2050 project. By General Autellet, former vice chief of French Armed Forces. https://t.co/zqaSM6Jpsi A deep and detailed analysis of how defense policy, in particular European defense, should look like in the 21st century. #DefensePolicy #Europe2050 #MilitaryStrategy #FR #EU

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Olivier Blanchard Jul 28

The other major contribution on defense for the Europe 2050 project. By Thierry Chopin @Th_Chopin and Samuel Faure @samuelbhfaure : https://t.co/K7ktG4R9IE They start from where we are and where we need to go. Since 2022, the EU has moved. Defense budget has increased by 47%, #Europe2050 #Defense #EUBudget #EU

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Olivier Blanchard Jul 24

From a 1953 speech by Eisenhower, cited by @HC_Richardson, a striking computation, and a deeper point: “The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two #Eisenhower #MilitarySpending #Education #Thetweetdoesnotmentionanyspecificcountries;therefore #therearenocountrycodestoreturn.

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Olivier Blanchard Jul 17

Ik vrees het moment dat politici gaan zeggen: lieve hemel, wat is onze schuldenberg toegenomen

Europese Commissie wil minder strenge regels voor banken; critici vrezen voor nieuwe kredietcrisis
www.volkskrant.nl
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Olivier Blanchard Jul 15

I signed this manifesto.https://t.co/GtfT20Gf3k AI is clearly a technology with extremely dangerous left tails. Dystopian scenarios clearly have positive probability. Controlling its diffusion until the risks are better understood and potentially contained is clearly worth it. #AI #Dystopia #TechnologyRisks #Nospecificcountriesarementionedinthetweet.

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Olivier Blanchard Jul 9

Plusieurs candidats à l'élection présidentielle française, déclarés ou potentiels, préconisent la mise en place d'un système de retraite par capitalisation. Il convient de bien comprendre ce qu'un tel système peut — et ne peut pas — accomplir. Ce n'est pas une solution miracle. #Retraite #Élection2022 #Capitalisation #FR

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Olivier Blanchard Jun 24

Laat ik mijn totale verwarring toegeven.

Europe buys the future, America builds it
www.nrc.nl
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