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

Release Date: 05/31/2021

Jerusalem Demsas on Problems in the US Housing Market and How to Fix Them

Macro Musings with David Beckworth

Jerusalem Demsas is a policy reporter for Vox and joins David on Macro Musings to discuss the state of housing in America and its implications for policy. Specifically, Jerusalem and David discuss the current state of the housing market, whether there is a housing bubble, how the housing shortage creates avenues for discrimination, the dynamics of racism in the US housing market, the impact of zoning laws, and much more. Transcript for the episode can be found here: Jerusalem’s Twitter: @JerusalemDemsas Jerusalem’s Vox archive: Related Links: *Housing...

Scott Sumner on What Milton Friedman Would Think of Monetary Policy Today

Macro Musings with David Beckworth

Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center. Scott joins David on Macro Musings to discuss Milton Friedman's views and what he might say about some of the recent developments in monetary policy. Specifically, Scott and David talk about nominal interest rates as indicators of the stance of monetary policy, fiscal austerity as means of reducing excessive aggregate demand, Friedman’s critique of the Phillips curve and wage and price controls, what Friedman might have said about the recent inflation numbers, and much more. Transcript for the...

Skanda Amarnath on Maximum Employment, Inflation, and the Fed’s New Framework

Macro Musings with David Beckworth

Skanda Amarnath is the executive director of Employ America and a former hedge fund economist. He rejoins Macro Musings to talk about the fate of the Phillips Curve, the inflation outlook, the Fed’s new framework, and his vision for a better monetary policy future. David and Skanda also discuss the Fed’s flawed assessment of maximum employment, how to modify the central bank’s Summary of Economic Projections, and the significance of capacity constraints vs labor utilization. Transcript for the episode can be found here: Skanda’s Twitter: @IrvingSwisher Skanda’s Employ...

Agustin Carstens on Central Banking in Emerging Markets, the Distributional Footprint of Monetary Policy, and Central Bank Digital Currency

Macro Musings with David Beckworth

Agustin Carstens leads the Bank for International Settlements or the BIS in his role as general manager and previously served as the governor of the Bank of Mexico. He also served as the deputy managing director of the International Monetary Fund. Agustin joins David on Macro Musings to discuss the new BIS 2021 annual report. Specifically, David and Agustin discuss the macroeconomic developments of the past year, the distributional footprint of monetary policy, the evolving role of central banking, and the outlook for central bank digital currency (CBDC). Transcript for the episode can...

Jason Furman on Overheating, Inflation, and Fiscal Policy in an Era of Low Interest Rates

Macro Musings with David Beckworth

Jason Furman is a former chair of the Council of Economic Advisers and is currently a senior fellow at the Peterson Institute for International Economics. Jason is also a professor at Harvard University and he rejoins Macro Musings to talk about overheating, the inflation outlook, and the right way to think about fiscal policy in an era of low interest rates. Transcript for the episode can be found here: Jason’s Twitter: @jasonfurman Jason’s Harvard profile: Jason’s PIIE profile: Related Links: *A Reconsideration of Fiscal Policy in the Era of Low Interest...

Steffen Murau on the Eurozone, International Monetary Architecture, and the Future of the Dollar Zone

Macro Musings with David Beckworth

Steffen Murau is a political economist at the Global Development Policy Center at Boston University and specializes in international money and finance. He joins Macro Musings to talk about the Eurozone, its role within international monetary architecture, and the future of the dollar zone. They also discuss balance sheet hierarchies, the roles of European banks compared to their American counterparts, and the fiscal ecosystem present within the Eurozone. Transcript for the episode can be found here: Steffen’s Twitter: @steffenmurau Steffen’s website: Steffen’s GDPC...

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

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...

More Episodes

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 the Great Recession, nominal GDP targeting and average inflation targeting as central bank frameworks, the future of central bank digital currencies, dollar dominance and the shadow banking system, the role of central banks and the financial sector in combating climate change, and much more.

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

Mark’s Twitter: @MarkJCarney

Mark’s Brookfield profile: https://www.brookfield.com/about-us/leadership/mark-carney

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