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Ethan Ilzetzki on the International Implications of Fed Policy, Business Cycle Theory, and the UK Crisis

Release Date: 11/14/2022

Matteo Maggiori and Jesse Schreger on Geoeconomics and its Policy Implications

Macro Musings with David Beckworth

Matteo Maggiori is a professor of finance at Stanford University and a returning guest to the podcast, and Jesse Schreger is an associate professor of economics at Columbia University. Matteo and Jesse, along with Christopher Clayton, have recently authored a paper titled, *A Framework for Geoeconomics,* and they join David on Macro Musings to discuss it. Specifically, Matteo, Jesse, and David also discuss the basics, core concepts, and real world examples of geoeconomics, the key elements of a global hegemon, the future of the discipline, and a lot more. Transcript for this week’s ...

Matthew Raskin on Treasury Market Stability, Interest Rates, and the Fed’s Balance Sheet

Macro Musings with David Beckworth

Matthew Raskin is the US head of rates research at Deutsche Bank and was formerly a senior staff member of the Federal Reserve System. Matthew joins David on Macro Musings to talk about interest rates, QE, QT, and the Federal Reserve’s balance sheet. David and Matthew also discuss the inside story behind the Fed’s shift in operating system, Matthew’s framework for long-term interest rates, how to improve the liquidity and stability of the Treasury market, and a lot more. Transcript for this week’s Matthew’s LinkedIn David Beckworth’s Twitter: Follow us...

David Papell on the History, Motivations, and Current Applications of Monetary Policy Rules

Macro Musings with David Beckworth

David Papell is a professor of economics at the University of Houston and has published widely on monetary policy rules. David joins Macro Musings to talk about his recent paper, *Policy Rules and Forward Guidance Following the COVID-19 Recession,* as well as the origins, past uses, and current applications of monetary policy rules. Transcript for this week’s David’s Twitter: David’s University of Houston David Beckworth’s Twitter: Follow us on Twitter: Join the Macro Musings Check out our new Macro Musings Related Links: by...

Rachel Siegel on the Fed, Commercial Real Estate, and the Economics of the 2024 Election

Macro Musings with David Beckworth

Rachel Siegel is a reporter for the Washington Post, where she covers the Federal Reserve and also reports on the domestic economy more broadly. Rachel joins Macro Musings to talk about the current Fed beat as well as her work on other economic issues, including how the Fed deals with physical cash, the precarious state of the commercial real estate market, the potential issues facing voters heading into the 2024 election, and a lot more. Transcript for this week’s Rachel’s Twitter: Rachels Washington Post David Beckworth’s Twitter: Follow us on...

Will Bateman on the History and Evolving Nature of the Fiscal Fed

Macro Musings with David Beckworth

Will Bateman is an associate professor and associate dean of research at the Australian National University College of Law. Will has recently authored a paper titled, *The Fiscal Fed,* which takes a close look at the Fed’s fiscal functions during the two World Wars, the Great Depression, the Cold War, the global financial crisis, and the COVID-19 pandemic. Will joins Macro Musings to talk about this paper, the origins and evolution of the Fed, the implications for policymakers, and a lot more. Transcript for this week’s Will’s ANU David Beckworth’s Twitter: ...

PJ Glandon on the State of Macroeconomics: Research and Pedagogy

Macro Musings with David Beckworth

PJ Glandon is an associate professor of economics at Kenyon College, where he also serves as chair of the economics department. PJ joins David on Macro Musings to talk about his recent co-authored article, *Macroeconomics Research: Present and Past.* David and PJ also more broadly discuss the state of macroeconomics as a discipline, both in terms of research and pedagogy. Transcript for this week’s PJ’s Twitter: PJ’s Kenyon David Beckworth’s Twitter: Follow us on Twitter: Join the Macro Musings Check out our new Macro Musings Related...

Ed Nelson on the Life, Work, and Legacy of Bennett McCallum

Macro Musings with David Beckworth

Ed Nelson is a senior advisor in the Monetary Affairs Division of the Board of Governors of the Federal Reserve System. Ed has also previously been a professor of economics at the University of Sydney and has worked at the St. Louis Federal Reserve Bank as well as the Bank of England. Most importantly, however, Ed was also a former student of, and co-author with, the late Bennett McCallum, and he rejoins David for this special live episode of Macro Musings to talk about Bennett McCallum’s life, his work, and his legacy within the field of monetary economics. Check out the...

Sam Hammond on AI, Techno-Feudalism, and the Future of the State

Macro Musings with David Beckworth

Sam Hammond is a senior economist at the Foundation for American Innovation and is non-resident fellow at the Niskanen Institute. Sam is also a previous guest of the show, and he rejoins Macro Musings to talk about artificial intelligence and the future of the state. Specifically, David and Sam discuss the current AI environment, how private AI may replace functions of the state, key moments in the techno-feudalistic future of AI, and more. Transcript for this week’s Sam’s Twitter: Sam’s FAI Sam’s David Beckworth’s Twitter: Follow us on Twitter: ...

Marc Goldwein on the US Government Budget: Structure, Challenges, and Reform Strategies

Macro Musings with David Beckworth

Marc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget (CRFB), where he guides and conducts research on a wide array of topics related to fiscal policy and the federal budget. Marc joins Macro Musings to talk about the US government budget, its structure, its challenges, and its long-term trajectories. David and Marc also discuss the basics of government shutdowns and the budgetary process, how the most recent inflationary episode unfolded, how to fix the US budget over the long run, and a lot more. Transcript for this...

Lev Menand and Josh Younger on *Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon*

Macro Musings with David Beckworth

Lev Menand is an associate professor of law at Columbia University and Josh Younger is a senior policy advisor at the Federal Reserve Bank of New York and a lecturer at Columbia Law School. Lev and Josh also recently co-authored a paper titled, *Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon.* They are also returning guests to Macro Musings, and rejoin the podcast to talk about this paper and its implications for the Treasury market. Lev, Josh, and David also discuss the transition from bank to market financing, whether an increasing level of debt is leading to more...

More Episodes

Ethan Ilzetzki is an associate professor of economics at the London School of Economics and a research fellow with the Center for Economic Policy Research. Ethan is also a returning guest to the show, and he rejoins David on Macro Musings to talk about the international implications of Fed Policy and the strong dollars as well as Ethan’s thoughts on business cycle theory in light of the recent inflation surge. David and Ethan also discuss Ethan’s takeaways from the UK crisis, how to evaluate and contextualize monetary policy shocks, the contemporary applications of the fiscal theory of the price level, and more.

Transcript for the episode can be found here.

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Ethan’s Twitter: @ilzetzki

Ethan’s website

Ethan’s LSE profile

David’s Twitter: @DavidBeckworth

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