A French economist at the IMF: the success of the “Frenchies”

By Philippe Boulet-Gercourt the 21.12.2022 at 15h10 Play 5 min. Subscribers Appointed “chief economist” at the International Monetary Fund, a position held by his compatriot and mentor Olivier Blanchard of 2008 at 2015, Pierre-Olivier Gourinchas confirms the resounding success of French economists living in the United States.

Pierre-Olivier Gourinchas has landed a position as chief economist at the IMF.

AFP/Archives – Paul J. RICHARDS

One more! By winning an appointment as Chief Economist of the International Monetary Fund, Pierre-Olivier Gourinchas – “POG ” for those close to him – takes up the torch carried by his compatriot Olivier Blanchard of 2008 at 2015. He also joins a list of superstar French economists living or having lived in the United States, from Berkeley (Emmanuel Saez, Gabriel Zucman) to New York (Thomas Philippon) via Harvard (Xavier Gabaix, Emmanuel Farhi, Stefanie Stantcheva), without forgetting the Nobel Prize Esther Duflo (Massachusetts Institute of Technology).

In Washington, Gourinchas, 61 years, will therefore leave the prestigious breeding ground of the West Coast, Berkeley, where he spent a large part of his career, to join the shores of the Potomac. But this macroeconomics virtuoso should feel like a fish in water, in Washington: de 1239 to 2016, he was editor-in-chief IMF Scientific Journal. He has long studied subjects at the heart of the organisation’s action, such as the international monetary system. In a research article co-authored in 2009, “Reforming the international monetary system “, he considers “desirable to promote efforts aimed at accelerating the transition to a multipolar world” and no longer dominated by the dollar alone, an idea that he has taken up in numerous “papers”, including one by 2019 where he judges that the “hegemony” of the dollar is not viable and that it is necessary reflect on the development of a liquid and stable market for Treasury bills denominated in euros and yuan.

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