Libsyn Directory

Stephen Kirchner on Australian Monetary Policy in the Wake of the Great Recession

Release Date: 06/29/2020

Daniel Smith and Alexander Salter on *Money and the Rule of Law: Generality and Predictability in Monetary Institutions*

Macro Musings with David Beckworth

Dan Smith is an associate professor of economics at Middle Tennessee State University and directs the Political Economy Research Institute at MTSU. Alex Salter is an associate professor of economics at Texas Tech University. Dan and Alex join David on a special live episode of Macro Musings to discuss their new book, Money and the Rule of Law: Generality and Predictability in Monetary Institutions. Specifically, they discuss knowledge and incentive problems in setting monetary policy, what is meant by “rule of law,” how to make monetary policy accountable, centralized versus decentralized...

David Andolfatto on a Standing Repo Facility, the Future of CBDC, and Plumbing Issues in Monetary Policy

Macro Musings with David Beckworth

David Andolfatto is a vice president for the St. Louis Federal Reserve Bank and has published widely in the field of monetary economics. David also blogs at MacroMania and is a returning guest to the podcast. He rejoins Macro Musings to talk about his thoughts on macro theory, plumbing issues, central bank digital currency, and more. Transcript for the episode can be found here: David’s Twitter: @dandolfa David’s St. Louis Fed profile: Related Links: *Some Thoughts on Central Bank Digital Currency* by David Andolfatto *Minutes of the Federal Open...

Mark Carney on *Value(s): Building a Better World for All*

Macro Musings with David Beckworth

Mark Carney served as the governor of the Bank of Canada from 2008 until 2013, and as the governor of the Bank of England from 2013 to 2020. Mark also was the chairman of the Financial Stability Board from 2011 to 2018. Mark is currently the Vice Chairman and Head of Impact Investing at Brookfield Asset Management, as well as a UN Special Envoy for Climate Action and Finance. Mark joins David on Macro Musings to discuss his new book *Value(s): Building a Better World for All*, as well as his career in central banking. Specifically, they discuss Mark’s experience at the Bank of Canada during...

George Selgin on Inflation, Fintechs, and Broadening Access to Fed Master Accounts

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 podcast. He rejoins Macro Musings to talk about the Fed’s recent calls for comments on opening up Fed accounts to fintechs and other non-bank financial firms. George and David also discuss monetary plumbing issues, the state of fiscal QE, and more. Transcript for the episode can be found here: George’s Twitter: @GeorgeSelgin George’s Cato Institute profile: Related Links: *Keeping Fintech’s Promise: A Modest Proposal* by...

Adam Posen on *The Price of Nostalgia: America's Self-Defeating Economic Retreat*

Macro Musings with David Beckworth

Adam Posen is the President of the Peterson Institute for International Economics. Previously, Adam was on the monetary policy committee of the Bank of England. He has also worked at the New York Fed and has advised many central banks and governments. Adam is also a returning guest to the podcast and re-joins Macro Musings to discuss his new article, “The Price of Nostalgia: America's Self-Defeating Economic Retreat.” Specifically, David and Adam discuss the Fed’s new framework, secular stagnation, the economic impact of demographic changes, the China shock, and how the new political...

Judge Glock on The Origins of the US Mortgage Market and Its Evolution to the Present Day

Macro Musings with David Beckworth

Judge Glock is an economic historian, a scholar at the Cicero Institute, and a returning guest to the podcast. Judge rejoins Macro Musings to talk about the origins of the US mortgage market as detailed in his new book, *The Dead Pledge: The Origins of the Mortgage Market and Federal Bailouts, 1913-1939*. David and Judge also discuss the emergence and evolution of the national US mortgage market, the price parity movement, the history of federal land banks, and more. Transcript for the episode can be found here: Judge’s Twitter: @judgeglock Judge’s blog: ...

Christina Parajon Skinner on Central Bank Activism

Macro Musings with David Beckworth

Christina Parajon Skinner is a legal scholar at the University of Pennsylvania, and formerly was a legal counsel to the Bank of England. Christina joins David on Macro Musings to discuss her work on central bank activism. Specifically, David and Christina discuss comparisons between the Fed and the Bank of England, tensions between central bank independence and executive override, contemporary examples of central bank activism, and much more. Transcript for the episode can be found here: Christina’s Twitter: @CParaSkinner Christina’s Wharton profile: Related Links:...

Robert McCauley on the Global Domain of the Dollar and Threats to Its Dominance

Macro Musings with David Beckworth

Robert McCauley is a Senior Fellow at the Global Policy Center at Boston University and a Senior Research Associate of the Global History of Capitalism project at the Oxford Center for Global History. Robert also worked at the Bank for International Settlements for 25 years and the New York Federal Reserve Bank for 14 years, and he joins Macro Musings to discuss questions surrounding the global domain of the dollar. Specifically, Robert and David talk about how the US currency rose to prominence internationally in the 1950s, the size and influence of the global dollar zone, dilemmas imposed by...

Antonio Fatás on Hysteresis and the Business Cycle

Macro Musings with David Beckworth

Antonio Fatás is a professor of economics at INSEAD, an international business school with campuses in Singapore, France, and Abu Dhabi. Antonio joins David on Macro Musings to talk about hysteresis and the business cycle. Specifically, David and Antonio discuss the history of the academic literature on business cycle and trend, the impact of the Kydland and Prescott model, and how endogenous growth models play into hysteresis. Support Macro Musings and get a free NGDP targeting mug: Transcript for the episode can be found here: Antonio’s INSEAD profile: Antonio’s...

Matteo Maggiori on the Global Capital Allocation Project, Exorbitant Privilege, and Dollar Runs

Macro Musings with David Beckworth

Matteo Maggiori is an associate professor of economics at Stanford University and joins David on Macro Musings to talk about global capital flows, reserve currencies, and the international monetary system. Specifically, David and Matteo also discuss the details of the Global Capital Allocation Project, the US and its status as banker to the world, the possibility we could see a major run on the dollar in the near future, and more. Support Macro Musings and get a free mug: Transcript for the episode can be found here: Matteo’s Twitter: @m_maggiori Matteo’s website: ...

More Episodes

Stephen Kirchner is a program director for trade and investment at the United States Center at the University of Sydney, and he was written widely on financial markets and economy policy in Australia. Stephen joins Macro Musings to talk about the journey of monetary policy in Australia that has transpired throughout the last few decades. Specifically, David and Stephen discuss the structure of the Reserve Bank of the Australia, the history of its inflation target, how Australia was able to avoid the worst of the Great Recession, and the actions they have taken to in response to the COVID crisis.

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

Stephen’s Twitter: @insteconomics

Stephen’s US Studies Center profile: https://www.ussc.edu.au/people/stephen-kirchner

Stephen’s Substack page: https://stephenkirchner.substack.com/

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