Ashoka Mody on COVID-19’s Impacts on Global Trade, Credit Markets and the Broader Eurozone
Macro Musings with David Beckworth
Release Date: 04/08/2020
Macro Musings with David Beckworth
Christina Skinner is a legal and financial scholar at the University of Pennsylvania, a former Bank of England official, and recently stepped down from her role as deputy assistant secretary in the FSOC office at the Treasury. Christina returns to the program to discuss her work with FSOC, the relationship between economic growth and financial stability, AI and financial regulation, central bank independence, the importance of democratic accountability, and much more. Watch the on our new YouTube Channel! Check out the for this week’s episode, now with links....
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John Rolle is governor of the Central Bank of The Bahamas and is the second sitting central bank governor to appear on Macro Musings. In his first appearance on the show, John joins the program to discuss what it's like to manage a central bank in a small open economy with a fixed exchange rate, the economic vulnerabilities of a tourism-dependent economy, the SandDollar, the future of digital payments and financial resilience, and much more. Watch the on our new YouTube Channel! Check out the for this week’s episode, now with links. Recorded on September 8th, 2026...
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was a senior fellow and director emeritus at the Center for Monetary and Financial Alternatives at the Cato Institute and professor emeritus of economics at the University of Georgia. George returns to the show to discuss the New Deal’s record on economic recovery, the Fed’s balance sheet and operating system, the Main Street Lending Program, and the history of banking crises, and much more. Watch the on our new YouTube Channel! Check out the for this week’s episode, now with links. Recorded on July 28th, 2026 Subscribe to David's Substack: Follow David...
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is governor of Sweden's Riksbank, the world’s oldest central bank, Chairman of the Executive Board, and the first sitting central bank governor to appear on Macro Musings. In his first appearance on the show, Erik joins to discuss the history and operation of the Riksbank, the lessons learned from QE, the future of digital payments, and much more. Watch the on our new YouTube Channel! Check out the for this week’s episode, now with links. Recorded on September 4th, 2026 Subscribe to David's Substack: Follow David Beckworth on X: Follow the show on...
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Ellen Correia Golay is a lead Treasury advisor in the markets group at the Federal Reserve Bank of New York. Ellen returns to the program to discuss the lessons of the March 2020 “dash for cash,” how all-to-all trading and other market structure reforms could strengthen Treasury market liquidity and resilience, the rise of principal trading firms, and the future of the Fed’s standing repo operations, and much more. Watch the on our new YouTube Channel! Check out the for this week’s episode, now with links. Recorded on August 19th, 2026 Subscribe to David's...
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Nellie Liang is a former Treasury and Federal Reserve official and a senior fellow at the Brookings Institution. In Nellie's first appearance on the show, she discusses the future of stablecoins following the GENIUS Act, what stablecoins mean for private money and illicit finance, Fed master accounts, the global role of the dollar, and much more. Watch the on our new YouTube Channel! Check out the for this week’s episode, now with links. Recorded on August 18th, 2026 Subscribe to David's Substack: Follow David Beckworth on X: Follow the show on X: ...
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Stephen Miran is a former governor of the Federal Reserve, a former chairman of the Council of Economic Advisers under President Donald J. Trump, and currently a senior strategist for Hudson Bay Capital Management. In Steve’s third appearance on the show, he discusses his life as chair of the Council of Economic Advisers and as a Federal Reserve governor, the Fed’s balance sheet, regulatory dominance, the future of the discount window, the possible return of monetarism, and much more. Watch the on our new YouTube Channel! Check out the for this week’s episode,...
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Donald Kohn is a 40-year veteran of the Federal Reserve System and a senior fellow in the Economic Studies program at the Brookings Institution. Don returns to the program to discuss the lessons of the Greenspan Fed, how Kevin Warsh should think about communication and forward guidance, why inflation remains a concern, the Fed’s new task forces, the future of its monetary policy tools, and much more. Watch the on our new YouTube Channel! Check out the for this week’s episode, now with links. Recorded on July 22nd, 2026 Subscribe to David's Substack: Follow...
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Ben Harris is vice president and director of economic studies at the Brookings Institution and previously served in senior economic policy roles at the Treasury Department and Council of Economic Advisers. Ben returns to the program to discuss why recent economic shocks have been less damaging than expected, the outlook for inflation and energy markets, whether AI can improve the U.S. fiscal outlook, why we should temper our AI optimism, how longer lifespans and higher interest rates could complicate the fiscal picture, and much more. Watch the on our new YouTube Channel! Check...
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info_outlineAshoka Mody is a professor of international economic policy at Princeton University, has formerly worked at the IMF and the World Bank, and is a returning guest to Macro Musings. In this episode, he joins David to discuss the global economic implications of COVID-19 and what it specifically means for Europe and the Eurozone.
Transcript for the episode.
Ashoka’s Twitter: @AshokaMody
Ashoka’s Princeton profile: https://scholar.princeton.edu/amody/home
Related Links:
Cover of Ashoka's new paperback book: https://i.imgur.com/1IYWBAk.jpg
Bonus segment with Ashoka Mody: https://www.youtube.com/watch?v=QZsAetHdzjA&feature=youtu.be
*Charting the Crisis* by Ashoka Mody
http://econbrowser.com/archives/2020/03/guest-contribution-charting-this-crisis
*Euro Tragedy: A Drama in Nine Acts* by Ashoka Mody
https://global.oup.com/academic/product/eurotragedy-9780199351381?cc=us&lang=en&
*Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870-2008* by Alan Taylor and Moritz Schularick
https://www.aeaweb.org/articles?id=10.1257/aer.102.2.1029
*European Monetary Unification* by Barry Eichengreen
https://www.jstor.org/stable/2728243?seq=1
*Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu* by Sergio Correia, Stephan Luck, and Emil Verner
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3561560
David’s blog: macromarketmusings.blogspot.com
David’s Twitter: @DavidBeckworth