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Bonus Episode – Watch Party for the Fed’s Historic Interest Rate Cut

Macro Musings with David Beckworth

Release Date: 08/07/2019

George Selgin on the Past, Present, and Future of a Real-time Payments System show art George Selgin on the Past, Present, and Future of a Real-time Payments System

Macro Musings with David Beckworth

George Selgin is the director of the Cato Institute’s Center for Monetary and Financial Alternatives and is a returning guest to the Macro Musings podcast. Today, George joins the show to talk about recent developments in the payment system. Specifically, George and David discuss the history of attempted payment system solutions, the challenges and costs facing the implementation of a real-time payment system, and why we should care about this issue today.      Transcript for the episode: ...

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Henry Curr on Inflation, the Phillips Curve, and A New Monetarism show art Henry Curr on Inflation, the Phillips Curve, and A New Monetarism

Macro Musings with David Beckworth

Henry Curr is the economics editor for The Economist magazine, and the author of a special report by the magazine on the phenomenon of low inflation now facing the global economy. Henry joins the show today to outline this report and the big questions surrounding low inflation. David and Curr also discuss the persistent low inflation of the present around the globe, why the Phillips Curve has broken down as a policy tool, and how technology may be causing inflation to miss its target set by central banks.   Transcript for the episode: ...

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Diego Zuluaga on Libra, Real-time Payments, and the Legacy of the Community Reinvestment Act show art Diego Zuluaga on Libra, Real-time Payments, and the Legacy of the Community Reinvestment Act

Macro Musings with David Beckworth

Diego Zuluaga is a policy analyst at the Cato Institute’s Center for Monetary and Financial Alternatives where he covers financial technology and consumer credit, and before joining Cato, Diego was head of financial services and tech policy at the Institute of Economic Affairs in London. He joins the show today to talk about his work within this policy area. David and Diego also discuss the future of cryptocurrencies, the fragmented nature of the US banking system, and the growing importance of fintech in our daily lives.   Transcript for the episode: ...

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Frances Coppola on the Macroeconomics of Helicopter Drops show art Frances Coppola on the Macroeconomics of Helicopter Drops

Macro Musings with David Beckworth

Frances Coppola is a former banker, financial writer, and an author of a recent book titled, *The Case for People’s Quantitative Easing*, and she joins the show today to talk about it.  David and Frances also discuss the overall potential effectiveness of helicopter drops, how they would be deployed during future recessions, and the criticisms and concerns that have been levied against them.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/10212019/frances-coppola-macroeconomics-helicopter-drops   Frances’s Twitter: @Frances_Coppola Frances’s...

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David Beckworth on the Facts, Fears, and Functionality of NGDP Level Targeting show art David Beckworth on the Facts, Fears, and Functionality of NGDP Level Targeting

Macro Musings with David Beckworth

In this special episode of Macro Musings, the roles are reversed, and David Beckworth joins guest host Cardiff Garcia, host of NPR’s “The Indicator from Planet Money”, to talk about his newest paper, *Facts, Fears, and Functionality of NGDP Level Targeting: A Guide to a Popular Framework for Monetary Policy*. David and Cardiff conduct a deep dive into the plumbing of this potential monetary regime, as they discuss some of the most the important questions surrounding it. Some of these questions include: what is nominal GDP level targeting, and how does it differ from the Fed's current...

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Srinivas Thiruvadanthai on the Sectoral Financial Balance Approach to Macroeconomics show art Srinivas Thiruvadanthai on the Sectoral Financial Balance Approach to Macroeconomics

Macro Musings with David Beckworth

Srinivas Thiruvadanthai is a managing director and the director of research at the Jerome Levy Forecasting Center. Sri joins the show today to talk about the sectoral financial balance approach to macroeconomics as well as the safe asset supply challenge. David and Sri also discuss the fallacy of composition in macroeconomics, post-Keynesianism and how it differs from mainstream economic thought, and potential solutions to help ease the cost of being the banker to the world.   Transcript for the episode: ...

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Bill Nelson on the Repo Market Stress, the Fed's Operating System, and the Prospects for a Standing Repo Facility show art Bill Nelson on the Repo Market Stress, the Fed's Operating System, and the Prospects for a Standing Repo Facility

Macro Musings with David Beckworth

Bill Nelson is a chief economist at the Bank Policy Institute and was previously a deputy director of the Division of Monetary Affairs at the Federal Reserve Board, where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. Bill has written widely on the Fed’s operating system, and he joins the show today to talk about it, as well as the recent turmoil in money markets. David and Bill also discuss the possibility of the Fed moving back to a corridor system, the stigma surrounding banks using the discount window, and...

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Jim Dorn on the History of Monetary Policy in Washington D.C. and its Future show art Jim Dorn on the History of Monetary Policy in Washington D.C. and its Future

Macro Musings with David Beckworth

Jim Dorn is the Vice President for Monetary Studies at the Cato Institute and is the director of Cato’s annual Monetary Policy Conference. Jim has written widely on Federal Reserve policy and monetary reform, and has also edited more than 10 books including *The Search for Stable Money* and *The Future of Money in the Information Age*.  He joins the show today to talk about the history of monetary policy in Washington D.C. over the past four decades as well as some of his own recent work. David and Jim also discuss the issues covered at the most recent Cato Institute monetary policy...

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Gregg Gelzinis on Reforming FSOC and How to Limit Future Financial Crises show art Gregg Gelzinis on Reforming FSOC and How to Limit Future Financial Crises

Macro Musings with David Beckworth

Gregg Gelzinis is a policy analyst at the Center for American Progress where he focuses his work on financial institutions, financial markets, consumer finance policy, and financial regulation more broadly, and he joins the show today to talk about these issues. David and Gregg also discuss the Financial Stability Oversight Council’s (FSOC) inception, the tradeoffs between financial regulation and capital requirements, how the Fed could improve its stress testing.   Transcript for the episode: ...

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Soumaya Keynes on Trade, Dollar Dominance, and the Highlights of Jackson Hole show art Soumaya Keynes on Trade, Dollar Dominance, and the Highlights of Jackson Hole

Macro Musings with David Beckworth

Soumaya Keynes is the US economics editor for The Economist magazine, and she is also the co-host of *Trade Talks*, a podcast on all things trade, including trade policy, trade wars, and the future of trade. Soumaya joins the show today to talk about the general topic of trade, but also some other recent economic developments. David and Soumaya also discuss dollar dominance, the effects of trade policy on economic uncertainty, and the highlights, and major themes of the Kansas City Fed’s Jackson Hole Economic Policy Symposium.   Transcript for the episode: ...

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More Episodes

In this special bonus episode of Macro Musings, David Beckworth joins Employ America and several other monetary policy enthusiasts on the day of the July FOMC meeting to discuss what would be an historic event –  the first interest rate cut executed by the Fed since December 2008, and the market reactions to this event.  In addition to their discussion of this eventual rate cut, David and the other Fed watchers also get a chance to talk about Judy Shelton’s nomination to the Fed Board of Governors, the significance and aftermath of the recent Humphrey Hawkins hearing, how the Fed’s decision to cut parallels the European Central Bank, and more.

 

Transcript for the episode: https://www.mercatus.org/bridge/podcasts/08072019/bonus-episode-watch-party-fed%E2%80%99s-historic-interest-rate-cut

 

Related Links:

 

Employ America’s home page: https://employamerica.org/

 

Sam Bell’s Twitter: @sam_a_bell

Skanda Amarnath’s Twitter: @IrvingSwisher

Sam & Skanda’s bios: https://employamerica.org/about/

 

Soumaya Keynes’ Twitter: @SoumayaKeynes

Soumaya’s website: https://soumayakeynes.com/

Soumaya’s Economist profile: http://mediadirectory.economist.com/people/soumaya-keynes/

 

Ryan Avent’s Twitter: @ryanavent

Ryan’s Economist profile: https://mediadirectory.economist.com/people/ryan-avent/

 

Nick Bunker’s Twitter: @nick_bunker

Nick’s Indeed profile: https://www.hiringlab.org/author/nbunker/

 

David’s blog: macromarketmusings.blogspot.com
David’s Twitter: @DavidBeckworth