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May 182011

Stanley Fischer candidate to replace Strauss-Kahn.”

I have known Stan for many years. I first took a graduate course from him at MIT in 1980, and he was the main adviser for my PhD dissertation a few years later.  He also took the lead in 1987 in trying to recruit me, unsuccessfully, to leave Harvard to join the MIT faculty. Saying no to Stan was one of the hardest things I ever did.

Stan is a superb economist and international policymaker: smart, sensible, experienced, personable, and open-minded. He would be an ideal person to head the IMF.

Jan 112010

Here is GDP per capita, adjusted for differences in price levels (PPP), from the IMF, for the United States and the five most populous countries in Western Europe:

United States 47,440
United Kingdom 36,358
Germany 35,539
France 34,205
Italy 30,631
Spain 30,589

Readers of today’s column by Paul Krugman might find these figures useful to keep in mind.

Update: See Mark Perry and Tino Sanandaji and Clive Crook.

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