What Olivier Blanchard thinks about economists

@olivier-blanchard · 24 positions · 1 change of mind · On ppll ↗

Economist; former chief economist of the International Monetary Fund.

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Only Olivier Blanchard on economists. See everyone on economists

1 dated position, 2023, in their own words. Our reading of what Olivier Blanchard has said — not written or endorsed by them.

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1. 6 Nov 2023

   Our readingThe sharp steepening of the long end of the yield curve in 2023 was not predicted by economists, including forecasters who had modelled persistently low safe rates.

   inflation

   Their wordsIt is fair to say that, while economists expected the short end of the yield curve to reflect the higher rates needed to win the fight against inflation, the sharply steeper long end of the yield curve in the last few months has come as a surprise. I shall freely admit that I did not predict it.

   ↗If markets are right about long real rates, public debt ratios will increase for some timepiie.com