Obama Adviser Obstfeld Appointed IMF’s Next Chief Economist

A White House adviser who co-wrote an international economics textbook with Nobel laureate Paul Krugman was named the next research director of the IMF.

Maurice Obstfeld, appointed to President Barack Obama’s Council of Economic Advisers in June 2014, will succeed Olivier Blanchard in September as the International Monetary Fund’s chief economist, the Washington-based institution said in a statement Monday.