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Olivier Blanchard is the C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics and the former Director of Research at the International Monetary Fund. Today, he joins the show to discuss working at the IMF in the midst of the 2008 financial crisis and Great Recession. He also shares his thoughts on the limitations of current-day macroeconomic models as well as some suggestions to improve them. David\u2019s blog: macromarketmusings.blogspot.com/ Macro Musings podcast site: macromusings.com David\u2019s Twitter: @DavidBeckworth Olivier Blanchard\u2019s MIT profile: https://economics.mit.edu/faculty/blanchar Olivier Blanchard\u2019s PIIE profile: https://piie.com/experts/senior-research-staff/olivier-blanchard Olivier Blanchard\u2019s Twitter: @ojblanchard1 Related links: \u201cDo DSGE Models Have a Future?\u201d by Olivier Blanchard https://piie.com/publications/policy-briefs/do-dsge-models-have-future \u201cOn the Need for (At Least) Five Classes of Macro Models\u201d by Olivier Blanchard https://piie.com/blogs/realtime-economic-issues-watch/need-least-five-classes-macro-models \u201cWill Interest Rates Lead to Fiscal Crisis?\u201d by Olivier Blanchard https://piie.com/publications/policy-briefs/will-rising-interest-rates-lead-fiscal-crises \u201cGetting Serious About Wage Inflation in Japan\u201d by Olivier Blanchard and Adam Posen https://asia.nikkei.com/Viewpoints-archive/Viewpoints/Getting-serious-about-wage-inflation-in-Japan \u201cMonetary Policy: Science or Art?\u201d by Olivier Blanchard https://economics.mit.edu/files/742