Olivier Blanchard, the International Monetary Fund's Economic Counsellor and Director of Research, during the World Economic Outlook (WEO) press conference, October 8, 2008 at the IMF Headquarters in Washington DC. (Photo credit: Wikipedia)

This is an excellent blog from Olivier Blanchard, Chief Economist at the IMF. Why read citations in the news when you can read the real thing?

Mediocre Growth, High Risks, and The Long Road Ahead « iMFdirect – The IMF Blog.

I am pleased that risks and uncertainties are spelled out, especially concerning the Euro break-up or a potential Iranian crisis.

Personally, I am still of the opinion that the IMF overplays short-term austerity measures. For me the IMF the IMF is far too neoliberal in its views. I still think the time has come for Keynesian measures to stimulate investment and growth.

What do you think?