Libsyn Directory

Skanda Amarnath, Yakov Feygin, and Elizabeth Pancotti on Municipal Bond Market Intervention and the CARES Act as Responses to COVID-19

Macro Musings with David Beckworth

Release Date: 04/01/2020

Adam Tooze on Dollar Dominance, the Eurozone, and the Future of Global Finance

Macro Musings with David Beckworth

Adam Tooze is a professor of history at Columbia University, and is the author of many books, including his popular account of the 2007-2009 crisis, titled Crashed: How a Decade of Financial Crisis Changed the World. Adam joins David on Macro Musings to discuss the COVID-19 crisis, the Eurozone, and the future of central banking. Specifically, Adam and David break down recent events and risks in the global financial system, the future of the dollar as reserve currency, and the implications of the recent German-Franco debt deal for the Eurozone. Transcript for the episode can be found...

Alp Simsek on a Risk-Centric View of Demand, Recession, and Speculation

Macro Musings with David Beckworth

Alp Simsek is an associate professor of economics at MIT, and joins Macro Musings to talk about the link between financial markets, uncertainty and the COVID-19 crisis. Specifically, David and Alp discuss the dual absorption problem within financial markets, how supply shocks and demand shocks have inescapably become interwoven phenomenon, and why we should look to using macroprudential policy in the future. The transcript for the episode can be found here: Alp’s Twitter: @alpsimsek_econ Alp’s MIT profile: Related Links: Bonus segment with Alp:...

Thomas Hoenig on Bank Capitalization and Fed Policy after COVID-19

Macro Musings with David Beckworth

Thomas Hoenig is a former vice chair of the FDIC, former president of the Kansas City Federal Reserve Bank, and is currently a distinguished senior fellow at the Mercatus Center at George Mason University. Tom’s research has focused on the long-term impact of the politicization of financial services, as well as the effects of government grant privileges on market performance. Tom joins David on Macro Musings to talk about COVID-19, the Fed's response to its economic impact, and the current state of banking in the United States. Transcript for the episode can be found here: ...

Scott Sumner on the Government’s Response to COVID-19 and the Future of Level Targeting

Macro Musings with David Beckworth

Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University, Professor Emeritus of economics at Bentley University, and a research fellow at the Independent Institute. As a returning guest to the podcast, Scott joins Macro Musings to give his latest thoughts on the COVID-19 crisis and its implications for monetary policy. Specifically, David and Scott discuss how the Fed can conduct more aggressive monetary policy, what a level targeting regime should look like in the future, and the current progression toward negative interest rates. ...

Lev Menand on the Fed’s Lending Facilities and the Legal Concerns Surrounding Them

Macro Musings with David Beckworth

Lev Menand is a legal scholar at Columbia Law School and has previously worked for the New York Fed, the US Treasury Department, and the Financial Stability Oversight Council (FSOC). Lev Joins Macro Musings to talk about his new paper, *Unappropriated Dollars: The Fed’s Ad Hoc Lending Facilities and the Rules that Govern Them*. Specifically, David and Lev discuss opening up public Fed bank accounts, the importance of liquidity and credit facilities, and how Congress is using the CARES Act to skirt the Fed’s current legal mandates. Transcript for the episode can be found here: ...

Martin Hellwig on the Recent German Constitutional Court Ruling and Its Potential Eurozone Implications

Macro Musings with David Beckworth

Martin Hellwig is the director of the Max Planck Institute for Research on Collective Goods, and he joins Macro Musings to talk about the Eurozone and the implications of the recent German Constitutional Court (GCC) ruling for the future of the monetary union. David and Martin specifically discuss the background of the perceived Eurozone crisis, the power struggle between the GCC and the European Court of Justice, and how this case may lead to a total breakdown of the Eurozone. Transcript for the episode can be found here: Martin’s MPI profile: Related Links: ...

Nathan Tankus on Public Finance in the COVID-19 Crisis: A Consolidated Budget Balance View and its Implications for Policy

Macro Musings with David Beckworth

Nathan Tankus is the director of research at the Modern Money Network, and a research fellow at the Global Institute for Sustainable Prosperity. Nathan is also the author of a number of articles on the Fed's recent activity at his Substack page titled “Notes on the Crises.” Nathan joins Macro Musings to talk about the post-Keynesian view of money, central bank independence, and the consolidated view of public finance, as well as evaluate the policy responses by the Fed and Congress to COVID-19. Transcript for the episode can be found here: Nathan’s Twitter: @NathanTankus...

Anat Admati on the Perils of Corporate Debt and How COVID-19 Relief Efforts Have Gone Wrong

Macro Musings with David Beckworth

Anat Admati is a professor of finance and economics at Stanford University, and is well-known for her work on leveraging debt in our financial system and how it makes our economy more susceptible to shocks. She’s also a co-author of the popular book, *The Banker’s New Clothes: What Went Wrong with Banking and What to Do About It*. Anat joins Macro Musings again to talk about the COVID-19 crisis from the debt perspective, how the Fed and Congress have responded so far, and how their relief efforts should have been focused differently. The transcript for the episode can...

Kathryn Judge on the CARES Act and the Political Implications of Relief Efforts

Macro Musings with David Beckworth

Kathryn Judge is the Harvey J. Goldschmid Professor of Law at Columbia Law School, the editor of the Journal of Financial Regulation, and an expert on financial markets, financial regulation, and regulatory architecture. Kathryn joins Macro Musings to discuss the CARES Act, the Fed's role and its limitations regarding COVID-19 relief efforts, and the political implications of relief effort performance. Transcript for the episode can be found here: Kathryn's Twitter: @ProfKateJudge Kathryn's Columbia profile: Related Links: Bonus segment with Kathryn: *The...

Jesus Fernandez-Villaverde on Central Bank Digital Currency and the Current Economic Responses to COVID-19

Macro Musings with David Beckworth

Jesus Fernandez-Villaverde is a professor of economics at the University of Pennsylvania, a research associate with the National Bureau of Economic Research, a research affiliate with the Center for Economic Policy Research, and a returning guest to the podcast. Jesus specializes in macroeconomic modeling and economic history among other topics, and he joins Macro Musings to talk about COVID-19, central bank digital currency, and developments in the Eurozone. David and Jesus also discuss the history of central banks and the interacting public, how threatening inflation could become a useful...

More Episodes

Skanda Amarnath is the Director of Research and Analysis at Employ America, Yakov Feygin is the Associate Director of the Future of Capitalism program at the Berggruen Institute, and Elizabeth Pancotti is a research assistant at the National Bureau of Economic Research and at Tufts University. Together, they have put together proposals on how to better address the challenges of the COVID-19 crisis at the state and local level. They join Macro Musings today to discuss these proposals, a municipal bond market and expanded unemployment insurance, as well as what it all means for making the US economy more of an optimal currency area.

Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings

Skanda’s Twitter: @IrvingSwisher

Skanda’s Medium profile: https://medium.com/@skanda_97974

Yakov’s Twitter: @BuddyYakov

Yakov’s Berggruen Institute profile: https://www.berggruen.org/people/yakov-feygin/

Elizabeth’s Twitter: @ENPancotti

Elizabeth’s website: https://sites.google.com/view/elizabethpancotti/home

TOPICS