Maurice Obstfeld becomes the new Blanchard

NEWS has just come through that Maurice Obstfeld will be the International Monetary Fund's new chief economist, succeeding Olivier Blanchard who is retiring. According to those in the know, Mr Obstfeld was chosen from an exceptionally strong field of candidates, which is a tribute to the role Mr Blanchard has played. Mr Obstfeld ("Maury" to his friends) has both academic experience (he is a professor at the University of California, Berkeley) and policy chops (he is on Barack Obama's...

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