Peter Stella on the Fed’s Off-Balance Sheet Transactions and Public Financing of the COVID-19 Crisis
Macro Musings with David Beckworth
Release Date: 06/08/2020
Lyman Stone on Demographic and Marriage Decline
Macro Musings with David Beckworth
Sign up for David's Substack: Lyman Stone is a demographer and the director of the Pronatalism Initiative at the Institute for Family Studies. In Lyman’s first appearance on the show, he discusses demographic and marriage decline, the fallacy in the thinking of degrowthers, the benefits of pronatalist policy, and much more. Check out the for this week’s episode, now with links. Recorded on February 13th, 2025 Follow David Beckworth on X: Follow Lyman Stone on X: Follow the show on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the Macro...
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Athanasios Orphanides on Real-Time Monetary Rules and their Impact on the Fed’s Framework Review
Macro Musings with David Beckworth
Sign up for David's Substack: Athanasios Orphanides is a professor at MIT, formerly served at the Federal Reverse for 15 years, and was the Governor of the Central Bank of Cyprus. In Athanasios’s first appearance of show he discussed real-time monetary policy rules, their implication on the Fed’s framework review, his natural growth target, and much more. Check out the for this week’s episode, now with links. Recorded on February 18th, 2025 Follow David Beckworth on X: Follow the show on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the...
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Dean Ball on the Past, Present, and Future of AI
Macro Musings with David Beckworth
Dean Ball is a research fellow at the Mercatus Center. In Dean’s first appearance on the show, he explains the AI revolution, current AI developments, policy implications of the AI boom, and the future of AI. Check out the for this week’s episode, now with links. Recorded on February 19th, 2025 Follow David Beckworth on X: Follow the show on X: Follow Dean on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the Macro Musings Check out our Macro Musings to David's new BTS YouTube Channel Timestamps: (00:00:00) – Intro...
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Liya Palagashvili on the Gig Economy, Portable Benefits, and Changing Labor Regulations
Macro Musings with David Beckworth
Liya Palagashvili is a senior research fellow and director of the Labor Policy Project at the Mercatus Center. In Liya’s first appearance on the show she explains federal and state level changes to labor regulations, who makes up the gig economy workforce, the role women play in the independent workforce, the novel concept of portable benefits, and much more. Check out the for this week’s episode, now with links. Recorded on January 31st, 2025 Follow David Beckworth on X: Follow the show on X: Follow Liya on X: Check out our new AI chatbot: the ! Join the new Macro...
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Evan Koenig on the Case for Nominal GDP Targeting
Macro Musings with David Beckworth
Evan Koenig is a former senior aide to the president of the Dallas Fed. Evan returns to the show to discuss, the ins and outs of nominal GDP targeting, the practical applications of NGDP targeting, the reasons the Fed should consider it for the framework review, and much more. Check out the for this week’s episode, now with links. Recorded on October 29th, 2024 Follow David Beckworth on X: Follow the show on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the Macro Musings Check out our Macro Musings to David's new BTS YouTube...
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Steven Kelly on the Challenges of Treasury Equity Funding for 13(3) Facilities
Macro Musings with David Beckworth
Steven Kelly is the associate director of research as the Yale Program on Financial Stability. Steven returns to the show to discuss his new model, the Treasury Equity Model of the Federal Reserve’s emergency lending. Check out the for this week’s episode, now with links. Recorded on January 23rd, 2025 Follow David Beckworth on X: Follow Steven Kelly: Follow the show on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the Macro Musings Check out our Macro Musings to David's new BTS YouTube Channel Timestamps: (00:00:00) –...
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Senator Pat Toomey on Fed Governance, Monetary Policy, and the future of Digital Assets
Macro Musings with David Beckworth
Pat Toomey is a former senator from the state of Pennsylvania and served on the Committee on Banking, Housing, and Urban Affairs. In Pat’s first appearance on the show he discussed his career in public service, Fed master accounts, the future on monetary policy, his quest for Fed accountability, the looming debt issue, and much more. Check out the for this week’s episode, now with links. Recorded on January 23rd, 2025 Follow David Beckworth on X: Follow Pat Toomey: Follow the show on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the Macro...
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Brian Albrecht on Business Dynamism, Greedflation, and Antitrust
Macro Musings with David Beckworth
Brian Albrecht is the chief economist for the International Center for Law & Economics and is the coauthor of the economics newsletter Economic Forces. In Brian’s first appearance on the show, he discussed the data behind business dynamism, the notion of greedflation, the recent developments in antitrust, the update Econ 101 needs to make in regard to tariffs, and much more. Check out the for this week’s episode, now with links. Recorded on January 6th, 2025 Follow David Beckworth on X: Follow Brian Albrecht: Follow the show on X: Check out our new AI chatbot: the !...
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The Fed Framework Review: Macro Musings’ Greatest NGDP Targeting Hits
Macro Musings with David Beckworth
On this special greatest hits compilation episode our host David Beckworth primes listeners for the Fed Framework Review by highlighting the best snippets from past shows discussing nominal GDP targeting. This episode includes Mary Daly’s thoughts on NGDP targeting, Evan Koenig on the basics of NGDP targeting, George Selgin on Powell’s hesitations with NGDP targeting and how it responds to supply shocks, Jim Bullard on the financial stability of NGDP targeting, Eric Sims on the New Keynesian argument for NGDP targeting, Carola Binder on the benefits of NGDP targeting, Charlie Evans on the...
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Peter Conti-Brown on the Fed under Trump 2.0, Reforming the Discount Window, and Providential Moments
Macro Musings with David Beckworth
Peter Conti-Brown is a historian and legal scholar of the Federal Reserve System and an associate professor at the Wharton School of Business at the University of Pennsylvania. Peter returns to the podcast to discuss the state of Federal Reserve leadership under the incoming Trump administration, expectations for Fed independence, a new proposal for limiting stigma at the discount window, stories about a life lead by faith, and much more. Check out the for this week’s episode, now with links. Recorded on January 10th, 2025 Follow David Beckworth on X: Follow Peter...
info_outlinePeter Stella is a former IMF official, where he led the Central Banking and Monetary and Foreign Exchange divisions, and he now hosts a webpage titled *Central Bank Archeology*. Peter is also a former guest of Macro Musings, and rejoins to talk about the COVID-19 crisis, central bank balance sheets, and more. David and Peter also discuss the dangers and challenges of the Fed’s off-balance sheet transactions, how the government should approach crisis financing, and who should be managing the country’s public debt.
The transcript for the episode can be found here.
Peter’s Twitter: @Stellar_Consult
Peter’s Voxeu profile: https://voxeu.org/users/peterstella0
Peter’s Research Gate archive: https://www.researchgate.net/profile/Peter_Stella
Related Links:
Peter's *Central Bank Archaeology* website: https://www.centralbankarchaeology.com/
*Macro Musings: Peter Stella on Debt, Safe Assets, and Central Bank Operations*
https://macromusings.libsyn.com/144-peter-stella-on-debt-safe-assets-and-central-bank-operations
David’s blog: macromarketmusings.blogspot.com
David’s Twitter: @DavidBeckworth