Date of Birth: 12/27/1948
Place of birth: Amiens
IMF Chief Economist
Olivier Jean Blanchard was born on December 27, 1948 the first in Amiens, France (Amiens, France). He earned a bachelor`s degree from the University of Paris-Dauphine (Paris Dauphine University), and then a Ph.D. in Economics in 1977 at MIT. Blanchard taught at Harvard University in the period from 1977 to 1983 th, before returning to the faculty of the Massachusetts Institute of Technology. He was also a consultant to the Federal Reserve Bank of Boston (Boston) and the Federal Reserve Bank of New York (New York).
Blanchard has published numerous articles on macroeconomics and published textbooks on macroeconomics for students and graduate students. In 1987, Olivier and Nobuhiro Kiyotaka (Nobuhiro Kiyotaki) together have demonstrated how important it is monopolistic competition for the multiplier effect - a shift in aggregate demand. Currently, most of Keynesian macroeconomic models take shape monopolistic competition - for the reasons stated by Blanchard and Kiyotaka.
Blanchard - a former council member and current member of the Econometric Society (Econometric Society), former vice-president of the American Economic Association (American Economic Association) and current member of the American Academy of Arts and Sciences (American Academy of Arts and Sciences). Currently Blanchard serves as the International Monetary Fund as an economic counselor and director of research.