Blanchard to step down as IMF chief economist

Olivier Blanchard

Olivier Blanchard will leave the IMF on September 30, after helping re-establish the Fund on the global stage during his seven-year spell as chief economist.

Blanchard will join the Peterson Institute for International Economics as the C. Fred Bergsten Senior Fellow when he steps down, while the IMF said it will begin the hunt for a successor "right away".

IMF managing director Christine Lagarde today (May 14) praised Blanchard for "spurring a fundamental rethinking of macroeconomic policy that

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