What Olivier Blanchard thinks about JavaScript

@olivier-blanchard · 24 positions · 1 change of mind

Economist; former chief economist of the International Monetary Fund.

Olivier Blanchard did not write this page.

We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.

2 dated positions, 2022, in their own words. Our reading of what Olivier Blanchard has said — not written or endorsed by them.

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1 Jun 2022

Our readingThe probability of a self-fulfilling bad equilibrium in sovereign debt markets depends little on the debt level itself, but is much reduced by a rule linking the primary balance to debt service increases.

Their wordsI have argued that the probability of a bad equilibrium is only marginally influenced by the level of debt, but can be much reduced by a contingent rule making the primary balance react to an increase in debt service.

↗Fiscal Policy under Low Interest Ratesdirect.mit.edu 15th of 22 in this piece

Interesting
1 Jun 2022

Our readingFiscal multipliers vary across time and place but are generally nonzero, positive for spending, negative for taxes, and larger when monetary policy cannot offset them.

Their wordsMultipliers are likely to vary a lot over time and space, but the bulk of the evidence is that they are different from zero, positive for spending, negative for taxes, and that they are stronger when monetary policy does not or cannot react to fiscal policy.

↗Fiscal Policy under Low Interest Ratesdirect.mit.edu 18th of 22 in this piece

fiscal policy

Interesting