All Episodes
Macro Musings with David Beckworth — 549 episodes
Tyler Goodspeed on Challenging the Way Economists Look at Recessions
Peter Conti-Brown and David Beckworth on All Things Financial Regulation
Basil Halperin on Macroeconomic Policy in an Age of Transformative AI
Rich Clarida on Navigating Monetary Policy in Choppy Waters
Kris Mitchener on What Actually Anchors the Price Level
Steve Kamin and Mark Sobel on the Outlook of Dollar Dominance
Ruth Judson on Chasing Dollars Around the World
Bill Nelson on the Future of the Fed's Balance Sheet
Neha Narula, Anders Brownworth, and Daniel Aronoff on Understanding Stablecoins in the GENIUS Era
Jesús Fernández-Villaverde on the Quandary of Global Demographic Decline
Chris Meissner on the History of Globalization
Raghuram Rajan on the Impact of the Ratcheting Effect of The Fed's QE Program
Andrew Martinez on the Art of Forecasting
Dan Awrey on the Future of the U.S. Payments System in a Digital World
Scott Sumner on Monetary Policy Confusion in Our Current Policy Debates
Tyler Muir on How to Understand the Fed's Quantitative Easing
Richard Berner on Growth of the Private Credit and the Role of Fiscal Dominance on Treasury Markets
Aaron Klein on the US's Real-Time Payments Problem and the Impact of Covid Era Quantitative Easing
Per Åsberg Sommar on the State of the Riksbank and Operating Systems Around the World
2025 Macro Musings Retrospective
Veronique de Rugy on the Impending American Fiscal Crisis
Martha Gimbel on the Impact of AI and the Trade War on Labor Markets
Laurence Bristow on What the Fed can Learn from the Reserve Bank of Australia
Austin Campbell on the Rise and Regulation of Dollar Backed Stablecoins
Mike Bird on the Land Trap and How the History of Housing Impacts the Global Economy
Lukasz Rachel on Non-Ricardian Macroeconomic Policy and Its Implications for Inflation
Tara Sinclair on Building a Synthetic FOMC Through AI
Bryan Cutsinger on the What the History of Growth Driven Deflation Can Teach us about a Potential AI Boom
Will Roberds and Steve Quinn on the Original Central Bank: the Bank of Amsterdam
Jim Clouse on the Last 4 Decades at the Most Powerful Central Bank in the World
Manmohan Singh on the Meaning of Money after the GENIUS Act
Raphael Bostic on Life as a Regional Fed President, the Responsibilities of a Dual Mandate, and the Results of the 2025 Framework Review
Jon Hartley on the Legacy of John Taylor and his New Measure of R-Star
Marc Giannoni on the Fed's Framework Review, it's Independence, and the Future of R-Star
Samim Ghamami on the Treasury Markets Impact on the Future Path of Interest Rates and Inflation
Jerry Dwyer on the History of Free Banking and the Future of Bitcoin
Hester Peirce on the role of the SEC, Financial Surveillance, and Crypto
Robin Brooks on the Dollar, Fiscal Dominance, and Geoeconomics
Aditi Sahasrabuddhe on the Role Central Banker Relationships Play in Economic Crises
Will Luther and Josh Hendrickson on the Future of Bitcoin
Rashad Ahmed on the Global Impact of US Stablecoin Regulation and Crypto Adoption
Paul Kupiec on Problems with the Fed's Balance Sheet and Calls to End Interest on Reserves
George Hall on the Fiscal Consequences of the US War on COVID
Ben Harris on the Fiscal Health of the US Government
Luis Garicano on the Future of Digital Money and Lessons Learned from the History of the Euro
Mark Blyth on the Winners and Losers from Inflation
Sam Schulhofer-Wohl on Reforms in the Treasury Market and Developments with Central Bank Operating Systems
Andy Levin on the Importance of an Independent Inspector General at the Federal Reserve - BONUS
Matthew Pines on the Future of Money, AI, and Monetary Policy
Peter Conti-Brown and Sean Vanatta on the History of Bank Supervision in America
George Selgin on Contextualizing the Great Depression and its Implications on Monetary Policy Today
Daniel Bunn on Fiscal Issues Currently Facing the US Government
Luca Fornaro on Hysteresis, Endogenous Growth, and Aggregate Demand Policies
Adam Ozimek on Reforming the High-Skilled Immigration Process
Skanda Amarnath on the Future of the Federal Reserve and its Framework
Andy Levin on Holding the Fed Accountable
Kathryn Judge on the Importance of Emergency Lending Facilities at the Federal Reserve
Paul Blustein on the Rise, Dominance, and Current Challenges to King Dollar
Bill Nelson on the Future of Central Bank Operating Systems
Scott Lincicome on the Trump Trade War
Lyman Stone on Demographic and Marriage Decline
Athanasios Orphanides on Real-Time Monetary Rules and their Impact on the Fed's Framework Review
Dean Ball on the Past, Present, and Future of AI
Liya Palagashvili on the Gig Economy, Portable Benefits, and Changing Labor Regulations
Evan Koenig on the Case for Nominal GDP Targeting
Steven Kelly on the Challenges of Treasury Equity Funding for 13(3) Facilities
Senator Pat Toomey on Fed Governance, Monetary Policy, and the future of Digital Assets
Brian Albrecht on Business Dynamism, Greedflation, and Antitrust
The Fed Framework Review: Macro Musings' Greatest NGDP Targeting Hits
Peter Conti-Brown on the Fed under Trump 2.0, Reforming the Discount Window, and Providential Moments
David Bahnsen on the Incoming Trump Administration and the Financialization of the US Economy
Marijn Bolhuis on Fiscal R-star and its Implications for Macroeconomic Policy
Macro Musings 2024 Retrospective
George Selgin on Strategic Bitcoin Reserves, Debanking, and the Fed's Framework Review
Joey Politano on the AI Investment Boom and Trends in Economic Growth
Jeffrey Lacker on the History of Fed Credit Policy and the Four Doctrines of Fed Lending
Zachary Mazlish on the Political Implications of Inflation and the Impact of Transformative AI
Ellen Correia Golay on the Keys to Improving Treasury Market Resiliency
Emil Verner on Banking Crises, Credit Booms, and the Rise of Populism
Loretta Mester on How to Improve the Fed's Operating Framework
Jon Hartley on the Shadow Open Market Committee and Macroeconomic Policy
Tara Sinclair on Real-time Economic Analysis and the Fed's Upcoming Framework Review
Joseph Gagnon on the Trinity of COVID-era Inflation and the Upcoming Fed Framework Review
Emilio Ocampo on Dollarization and the State of the Argentine Economy
Jonathon Hazell on the Costs and Causes of Inflation and the Phillips Curve Debate
Thomas Drechsel on the Effects of Political Pressure and Identifying Monetary Policy Shocks
Matthew Pines on the Geopolitical and National Security Implications of Cryptocurrency Adoption
Travis Hill on the Discount Window, Receivership Funding, and Financial Tokenization
Catherine Pakaluk on *Hannah's Children: The Women Quietly Defying the Birth Dearth*
Stephen Miran on Activist Treasury Issuance and the Monetary Policy Implications of a Second Trump Term
Carola Binder on the History of Inflation, the Fed Framework Review, and the Promise of Nominal GDP Targeting
Samim Ghamami on How to Reform the Treasury Market
Kyla Scanlon on the "Vibecession", the Vibe Economy, and the Path to Growing American Wealth
Sam Schulhofer-Wohl on How to Improve Treasury Market Resiliency
Nicholas Anthony on *Digital Currency or Digital Control: Decoding CBDC and the Future of Money*
James Bullard on FAIT, Nominal GDP Targeting, and the Fed's Upcoming Framework Review
Josh Lipsky on Financial Statecraft, Cross-border Payments, and the Global Status of the Dollar
Steven Kelly on the Financial Stability Implications of the Discount Window
Ernie Tedeschi on Full Employment, the US Safe Harbor Premium, and the Current Path of R-Star
Jeffrey Lacker on Fed Governance and Learning from the Recent Inflation Surge
Mickey Levy on How to Reboot Fed Policy Ahead of its Upcoming Framework Review
Lars Christensen on AI and its Impact on Monetary Policy and the Broader Field of Economics
Ryan Bourne on *The War on Prices: How Popular Misconceptions about Inflation, Prices, and Value Create Bad Policy*
George Selgin on Fed Master Accounts, Central Bank Independence, and the Fed's Balance Sheet
Roberto Perli on the Past, Present, and Future of the Fed's Balance Sheet
Mary Daly on Fed Policy, the Economic Impacts of AI, and the Future of the Fed's Framework
Dan Katz and Stephen Miran on Reforming the Federal Reserve's Governance
BONUS: Richard Clarida on His Musical Interests and *Time No Changes*
Richard Clarida on FAIT, R-Star, and the Future of the Fed's Framework
Saleha Mohsin on *Paper Soldiers: How the Weaponization of the Dollar Changed the World Order*
Josh Hendrickson on the Treasury Standard and Global Dollar Dominance
Julia Coronado on Productivity, Commercial Real Estate, and the Fed's Soft Landing
Isabel Schnabel on the ECB and its New Operational Framework
Andrew Levin and Christina Parajon Skinner on *Central Bank Undersight: Assessing the Fed's Accountability to Congress*
Anat Admati on the US Banking System and the Basel III Endgame
Steven Kamin and Mark Sobel on the Current State of Dollar Dominance
Peter Williams on Interest Rates, Term Premium, and the Importance of Inflation Expectations
Bill Nelson on the Using the Discount Window for Liquidity Requirements and Its Implications for the Fed's Balance Sheet
Eric Leeper on *A Fiscal Accounting of COVID Inflation*
Jeffrey Lacker on Governance at the Federal Reserve
Mark Koyama on *How the World Became Rich: The Historical Origins of Economic Growth*
Gauti Eggertsson on the Post-Pandemic Inflation Surge and its Implications for Monetary Policy
Jonathon Hazell on Phillips Curves, Wage Rigidity, and How to Measure R-Star
Skanda Amarnath and Preston Mui on the Tribal Transitory Debate and the Future of the Fed's Framework
Claudio Borio on the Future of Central Bank Operating Systems
Colby Smith, Steven Kelly, and Gerard DiPippo on the Highlights of 2023 and Looking Ahead to the Future
Tyler Cowen on the Greatest Economist of All Time and Other Macro Awards
Nicolas Cachanosky on Dollarization in Argentina
Charlie Evans on the Past, Present, and Future of U.S. Monetary Policy
Matteo Maggiori and Jesse Schreger on Geoeconomics and its Policy Implications
Matthew Raskin on Treasury Market Stability, Interest Rates, and the Fed's Balance Sheet
David Papell on the History, Motivations, and Current Applications of Monetary Policy Rules
Rachel Siegel on the Fed, Commercial Real Estate, and the Economics of the 2024 Election
Will Bateman on the History and Evolving Nature of the Fiscal Fed
PJ Glandon on the State of Macroeconomics: Research and Pedagogy
Ed Nelson on the Life, Work, and Legacy of Bennett McCallum
Sam Hammond on AI, Techno-Feudalism, and the Future of the State
Marc Goldwein on the US Government Budget: Structure, Challenges, and Reform Strategies
Lev Menand and Josh Younger on *Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon*
Thomas Hoenig on Public Debt Sustainability and the Current State of the US Banking System
Robert McCauley on Bond Market Crises and the International Lender of Last Resort
Joe Gagnon on Inflation Progress and the Path Ahead: Breaking Down Jerome Powell's Jackson Hole Speech
Nicholas Anthony on the Current Prospects and Legislative Developments Surrounding CBDC
John Coates on *The Problem of Twelve: When a Few Financial Institutions Control Everything*
Zac Gross on the Past, Present, and Future of Australian Monetary Policy
Larry White on Gold, Fiat, and Bitcoin: Determining the Ideal Monetary Standard
Ricardo Reis on the Macroeconomics of Financial Crises and the Recent Inflation Surge
Macro Lit Review 4: Highlights from Mid-2023 with George Selgin
Bryan Cutsinger and Louis Rouanet on the Politics and Dynamics of Hyperinflation in Revolutionary France
Jesus Fernandez-Villaverde on Demographic Trends, Recent Macroeconomic Developments, and AI's Implications for Economic Growth
Chris Conlon on the Post-COVID Inflation Surge and the Greedflation Narrative
Tim Lee on the Present and Future of AI and its Implications for Policy
Steven Kamin on the Global Influence of Fed Policy and the U.S. Dollar
Chris Hughes on the Legacy of Arthur Burns and its Implications for Macro Policy Today
Peter Stella on the Quasi-Fiscal Implications of Central Bank Crisis Intervention
Christina Skinner on Central Bank Digital Currency as New Public Money
Gianluca Benigno on the Basics and Policy Functionality of R** and the Dollar's Imperial Circle
Dan McDowell on *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar*
Jeanna Smialek on *Limitless: The Federal Reserve Takes on a New Age of Crisis*
Nathan Tankus on the Future of MMT and How to Avoid U.S. Debt Default
Brian Sack on the Fed's Balance Sheet and How to Improve the Floor Operating System
Mark Calabria on *Shelter From the Storm: How a COVID Mortgage Meltdown Was Averted*
BONUS: George Hall on Financing World War II and Managing Post-War Debt
George Hall on the History of the U.S. National Debt and Government Financing
Bill Nelson on the Fed's Discount Window Lending, the Overnight Reverse Repo Facility, and the Shifting Size of the Fed's Balance Sheet
Kate Judge and Peter Conti-Brown on the Lessons Learned from the 2023 Banking Panic
Brian Riedl on the Current and Future Outlook for US Public Finance and Budget Reform
Steven Kelly on the Silicon Valley Bank Collapse and Its Implications for Financial Policy
Derek Tang on the Present and Future Landscape for Fed Policy and Politics
Joey Politano on Fed Policy, Inflation, and the Current State of the US Economy
Peter Conti-Brown on the Legal and Regulatory Issues Facing the Fed and Financial Markets
David Wilcox on the Debt Ceiling Crisis and the Crippling Costs of Default
Julie Hill on the History and Recent Developments of Fed Master Accounts
Macro Lit Review 3: Highlights from Early 2023 with George Selgin
Michael Strain on Averting the Looming Debt Ceiling Disaster
John Roberts on Macroeconomic Modeling at the Fed, Makeup Policy, and the Future of FAIT
Paul Tucker on *Global Discord: Values and Power in a Fractured World Order*
Victoria Guida on Developments at the Federal Reserve and in Financial Regulation
Martin Chorzempa on China's Cashless Revolution and the Rise of Super Apps
Heather Long, Ryan Avent, and Cardiff Garcia on Pandemic Reflections and Economic Predictions for the Future
Tomas Hirst on the State of ECB Policy and the Eurozone Economy
Joe Gagnon on *25 Years of Excess Unemployment* and the Phillips Curve Debate
BONUS: Noah Smith on the State of Macroeconomics
Noah Smith on the Future of the Chinese Economy and the Climate of Social Change in the US
Hugh Rockoff on Optimal Currency Areas, "Yellowbacks," and Free Banking
Patrick Horan and David Beckworth on *The Fate of FAIT* and the Future of the Fed's Monetary Framework
Ethan Ilzetzki on the International Implications of Fed Policy, Business Cycle Theory, and the UK Crisis
Megan Greene on the UK's Recent Market Turmoil and What it Means for the Future of the Global Economy
Yesha Yadav on Treasury Market Turmoil and Potential Solutions for Reform
Peter Ganong on the Dynamism and Resiliency of the US Economy
Bill Nelson on How Bank Examiner Preferences are Obstructing Monetary Policy
BONUS: George Selgin on *False Dawn: The New Deal and the Promise of Recovery*
Macro Lit Review 2: Highlights from Late 2022 with George Selgin
Bill English on the Effectiveness of QE and the Consequences of Fed Losses
Andrew Levin on the Costs and Benefits of QE4 and the Future of the Fed's Balance Sheet
Steven Kelly on Crises, Stability, and the Fed's Role in Financial Markets
Scott Sumner on Alternative Approaches to Monetary Policy
Hanno Lustig on Fiscal Dominance, Inflation, and the Effects of Long-term Interest Rate Decline
Joshua Younger on the Treasury Market: Structure, Stressors, and Potential Reforms
Carola Binder on the Importance of Inflation Expectations and How Policymakers Should Respond
Jeffrey Lacker on the Past, Present, and Future of Federal Reserve Policy
BONUS: Gerard DiPippo on China's Attempts to Infiltrate the Fed
Gerard DiPippo on the Russia Sanctions, Demographic Decline, and the Future of the Global Monetary System
Tom Graff on the July FOMC Meeting and the Recession Debate
Ellen Meade on Transparency, Independence, and Lessons for the Fed's Next Framework Review
Randal Quarles on Inflation, Balance Sheet Reduction, Financial Stability, and the Future of the Fed
Kathy Jones on the Current Economic Slowdown, Quantitative Tightening, and the Fed's New Framework
Michael Dooley on the International Monetary System and Future of Global Dollar Dominance
Brian Knight on the Politicization of Finance
Lev Menand on *The Fed Unbound: Central Banking in a Time of Crisis*
Macro Lit Review 1: Highlights from Mid-2022 with George Selgin
Christine McDaniel on the Russia Sanctions and Their Impact on Globalization and the Russian Economy
Manmohan Singh on the Role and Structure of Stablecoins and the Impact of Collateral in the Financial System
Bill Nelson on How the Fed Fell Behind the Curve
Josh Hendrickson on Economic Growth, National Defense, and US Monetary Policy
Peter Ireland on the Fed's Pandemic Performance and the Path Forward for Monetary Policy
Jens van 't Klooster on Recent ECB Policy: A Paradigm Shift Without Legislative Change
Colin Grabow on Current Trends in US Trade Policy and the Adverse Impact of the Jones Act
Nick Timiraos on Jerome Powell's Tenure as Fed Chair
Joey Politano on Recent Inflationary Trends and the Future Outlook for Monetary Policy
Eric Leeper on the Interactions of Fiscal and Monetary Policy
Alex Nowrasteh on Population Growth, Immigration, and the Economic Implications for the US
Kaleb Nygaard on the Governance of the Federal Reserve System
Bill Nelson on the Fed's Operating System, Standing Repo Facility Stigma, and the Future of the Central Bank's Balance Sheet
Matthew Klein on the Economic Fallout from the Russia-Ukraine War
Emily Hamilton on the Current State of the U.S. Housing Market and Solutions for Reform
Will Diamond on Safe Assets, Risk-Free Rates, and Convenience Yields and their Implications for Policy
Amanda Rose on the Mission, Governance, and Politics of the SEC and Its Major Challenges Moving Forward
Dan Alpert on Current Trends and Tensions in the US Economy
Lubos Pastor and Elisabeth Kempf on *Fifty Shades of QE* and the Implications of QE Research
BONUS: George Selgin on the Fed Taper and Shrinking the Fed's Balance Sheet
George Selgin on the Future of CBDC, Fed Accounts, and Stablecoins
Henry Curr on the Myths and Uncomfortable Truths about QE
Lorie Logan on Monetary Policy Operations, the Fed's New Standing Repo Facility, and the Future of the Fed's Balance Sheet
Paul Krugman on the Year of Inflation Infamy
David Beckworth on the Safe Asset Theory of Inflation, Comparing Central Bank Frameworks, and a Year of Macro Musings in Review
Talmon Smith on the Great Inflation Surge of 2021
Yesha Yadav on the Fragilities in the Treasury Market and Solutions for Reform
Carola Binder and Christina Parajon Skinner on Populism and Legitimacy at the Federal Reserve
Matthew Klein on Recent Inflationary Trends and What to Expect in the Future
Markus Brunnermeier on *The Resilient Society*
Ajmal Ahmady on the Afghan Economy and the Challenges Facing the Nation's Future
Peter Stella on the Fiscal Theory of the Price Level
Robert Orr on Supply Side Bottlenecks in the US Healthcare System and Solutions for Reform
George Selgin on Bitcoin and the Future of CBDCs
Peter Conti-Brown on the Fed Trading Scandal, the Fed Chair Nomination Process, and Central Bank Governance
Scott Sumner on The Money Illusion
Chris Russo on the 2021 Debt Limit Fight, Its Potential Impacts, and Solutions for Reform
Hanno Lustig on Dollar Dominance, Dollar Safety, and the Global Financial Cycle
Megan Greene on the Future of CBDC and How Central Banks Should Respond to Climate Change
Joseph Wang on the Fed's Impact on Money Markets
Philippa Sigl-Glöckner on the Debt Brake, German Fiscal Policy, and Full Capacity Utilization
Jennifer Murtazashvili on Recent Developments in Afghanistan and Lessons for State Capacity Building
Bill Nelson on the Growth of the Federal Reserve
Arthur Turrell on Economic Data, Modeling, and the Future of Nuclear Energy
Kate Judge and Anil Kashyap on How to Improve US Financial Stability
Larry White on Stablecoins, Money Market Funds, and the History of Free Banking
Jerusalem Demsas on Problems in the US Housing Market and How to Fix Them
Scott Sumner on What Milton Friedman Would Think of Monetary Policy Today
Skanda Amarnath on Maximum Employment, Inflation, and the Fed's New Framework
Agustin Carstens on Central Banking in Emerging Markets, the Distributional Footprint of Monetary Policy, and Central Bank Digital Currency
Jason Furman on Overheating, Inflation, and Fiscal Policy in an Era of Low Interest Rates
Steffen Murau on the Eurozone, International Monetary Architecture, and the Future of the Dollar Zone
Daniel Smith and Alexander Salter on *Money and the Rule of Law: Generality and Predictability in Monetary Institutions*
David Andolfatto on a Standing Repo Facility, the Future of CBDC, and Plumbing Issues in Monetary Policy
Mark Carney on *Value(s): Building a Better World for All*
George Selgin on Inflation, Fintechs, and Broadening Access to Fed Master Accounts
Adam Posen on *The Price of Nostalgia: America's Self-Defeating Economic Retreat*
Judge Glock on The Origins of the US Mortgage Market and Its Evolution to the Present Day
Christina Parajon Skinner on Central Bank Activism
Robert McCauley on the Global Domain of the Dollar and Threats to Its Dominance
Antonio Fatás on Hysteresis and the Business Cycle
Matteo Maggiori on the Global Capital Allocation Project, Exorbitant Privilege, and Dollar Runs
Scott Skyrm on the Dynamics of the Repo Market in 2021
Ed Nelson on Milton Friedman's Legacy, the Quantity Theory of Money, and His Vision for a Money Supply Growth Rule
Dan Awrey on *Unbundling Banking, Payments and Money*
Chris Russo on Existing Fed-Treasury Tensions and Potential Solutions for Fixing Them
Saule Omarova on Emergency Fiscal Facilities and the Missing Architecture of Government Finance
Pat Parkinson on the 2020 Treasury Market Meltdown and How to Avoid a Potential Sequel
Kathy Bostjancic on Priorities for the Fed in 2021 and Beyond
Ricardo Reis on Central Bank Swap Lines, Fiscal Sustainability, and Outlooks for Inflation
Robert Kaplan on the Fed's New Framework, Inflation, and the Post-COVID Economy
Daniel Griswold on US Demographic Decline and the Case for Expanding Immigration
Sam Bell on Fed Policy, Personnel, and Politics in 2021
Caleb Watney on *Cracks in the Great Stagnation* and How to Boost Economic Growth
Scott Sumner on the Princeton School of Macroeconomics and Overcoming Inflationary Fears
Josh Galper on Dealing with Climate Risk and Its Potential Impact on US Financial Markets
Macro Musings Producer Special – Recapping 2020 and Looking Ahead to the Future
Jeanna Smialek on the Year-End Review of 2020 Financial Markets, the Fed, and US Monetary Policy
Ethan Ilzetzki on Exchange Rate Volatility, the ECB's Strategy Review, and the Future of the Euro
Governor Benjamin Diokno on BSP Policy and the Philippine Economy
Sam Hammond and Brink Lindsey on *Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy*
Bilal Hafeez on Inflation, Innovation, and Economic Recovery after COVID-19
Adam Ozimek on the Past, Present, and Future of Remote Work in the Face of COVID-19
Alan Cole on Monetary Policy for a Post-COVID Economy
David French on Political Polarization in America and Its Impact on the 2020 Elections
Michael Strain on the Differing Economic Policies of Trump vs. Biden
Matt Yglesias on *One Billion Americans*: New Ideas to Revitalize the American Economy
Shruti Rajagopalan on the Past, Present, and Future of the Indian Economy
Roberto Perli on Average Inflation Targeting and Improving the Fed's Framework
Megan Greene and Eric Lonergan on Dual Interest Rates and the Prospects of Average Inflation Targeting
Thorvald Grung Moe on the Life of Marriner Eccles and His Lasting Macroeconomic Legacy
Carolyn Sissoko on the Collateral Supply Effect and Other Concerns in the Money Market
Robin Harding on Abenomics and the 'Japanification' of Monetary Policy
George Selgin on Average Inflation Targeting and *The Menace of Fiscal QE*
BONUS: Employ America's Webcast Panel on the Federal Reserve's Updated Framework and Its Implications for Monetary Policy
Scott Lincicome on the China Shock, Trade Policy, and US Labor Markets
Jim Tankersley on the State of the Middle Class and How to Boost Economic Growth
Vincent Grossmann-Wirth on the ECB in a Post-COVID Economy
David Schleicher on the Municipal Trilemma and its Implications for the Current Crisis
Jon Sindreu on Global Financial Flows and the Balance of Trade
David Beckworth on Nominal GDP Targeting in the Wake of the COVID-19 Crisis
Bill Nelson on the Fed's Policy Tools in the Post-COVID Economy
Jens Van't Klooster on ECB Bond Purchasing and the Myth of Central Bank Neutrality
Matthew Klein on Global Trade, Inequality, and International Conflict
Stephen Kirchner on Australian Monetary Policy in the Wake of the Great Recession
Daniela Gabor on Financial Globalization, Capital Controls, and the Critical Macrofinance Framework
Darrell Duffie on Treasury Markets and the Post-COVID Path to Financial Stability
Peter Stella on the Fed's Off-Balance Sheet Transactions and Public Financing of the COVID-19 Crisis
Adam Tooze on Dollar Dominance, the Eurozone, and the Future of Global Finance
Alp Simsek on a Risk-Centric View of Demand, Recession, and Speculation
Thomas Hoenig on Bank Capitalization and Fed Policy after COVID-19
Scott Sumner on the Government's Response to COVID-19 and the Future of Level Targeting
Lev Menand on the Fed's Lending Facilities and the Legal Concerns Surrounding Them
Martin Hellwig on the Recent German Constitutional Court Ruling and Its Potential Eurozone Implications
Nathan Tankus on Public Finance in the COVID-19 Crisis: A Consolidated Budget Balance View and its Implications for Policy
Anat Admati on the Perils of Corporate Debt and How COVID-19 Relief Efforts Have Gone Wrong
Kathryn Judge on the CARES Act and the Political Implications of Relief Efforts
Jesus Fernandez-Villaverde on Central Bank Digital Currency and the Current Economic Responses to COVID-19
George Selgin on the Fed-Treasury Relationship, New Lending Facilities, and the Fed's Evolving Role in Response to COVID-19
Mehrsa Baradaran on How COVID-19 is Exposing Existing Societal Wealth Gaps and Financial Access Challenges
Nicholas Bloom on Economic Impacts of COVID-19 in the Short-run and Long-run
Brad Setser on Addressing the Global Dollar Shortage and COVID-19's Implications for Worldwide Trade Imbalances
Alex Tabarrok on COVID-19 Response Efforts, Proposals for Continued Recovery, and Lessons for the Future
Ashoka Mody on COVID-19's Impacts on Global Trade, Credit Markets and the Broader Eurozone
Peter Conti-Brown on the CARES Act and the Expanding Fed-Treasury Relationship in Response to COVID-19
Skanda Amarnath, Yakov Feygin, and Elizabeth Pancotti on Municipal Bond Market Intervention and the CARES Act as Responses to COVID-19
Jim Bianco on Policy Responses to the Coronavirus: Details, Implications, and Concerns Moving Forward
Robin Brooks on COVID-19's Impact on Emerging Markets and the Domestic Policy Response to the Crisis
Stan Veuger on Helping Businesses Survive in the Post-Coronavirus Economy
Claudia Sahm on Direct Payments to Individuals and Other Policy Responses to the COVID-19 Crisis
James Sweeney on the Money View Framework and COVID-19's Implications for the Macro Economy
Megan Greene on How to Use Monetary and Fiscal Policy to Fight the Coronavirus Crisis
Ben Moll on the Basics of HANK Models and How They Can Be Applied to Policymaking
Scott Sumner on How Central Banks Should Respond to the Coronavirus Threat
Paul Schmelzing on the 'Suprasecular' Decline of Global Real Interest Rates
Ernie Tedeschi on Output Gaps, Labor Markets, and the State of the Economy
Brent Skorup on Autonomous Vehicles, Flying Cars, and Airspace as a Scarce Resource
Marc Lavoie on Canadian Central Bank Policy, Real-time Payments, and the Post-Keynesian Tradition
Joseph Gagnon on Central Banks' Ability to Fight the Next Recession
Macro Musings Producers' Special – A Recap of 2019 and a Glimpse into the Future
Eric Sims on New Keynesian Modelling and the Future of Macroeconomics in a Low Interest Rate Environment
Peter Conti-Brown on *Restoring the Promise of Federal Reserve Governance*
Josh Galper on the Current State of Repo Markets, Key Bottlenecks, and a Balanced Proposal to Restore Stability
George Selgin on Repo Market Stress, Fed Balance Sheet Volatility, and a Standing Repo Facility
RE-AIR: Robert Samuelson on Paul Volcker and the Great Inflation
Jim Bianco on Negative Interest Rates, Low Inflation, and Yield Curve Expansion
Claudia Sahm on the Sahm Rule and Using Big Data to Inform Policymaking
Carola Binder on Political Pressure and the Twin Deficits of Central Banking
Binyamin Appelbaum on *The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society*
George Selgin on the Past, Present, and Future of a Real-time Payments System
Henry Curr on Inflation, the Phillips Curve, and A New Monetarism
Diego Zuluaga on Libra, Real-time Payments, and the Legacy of the Community Reinvestment Act
Frances Coppola on the Macroeconomics of Helicopter Drops
David Beckworth on the Facts, Fears, and Functionality of NGDP Level Targeting
Srinivas Thiruvadanthai on the Sectoral Financial Balance Approach to Macroeconomics
Bill Nelson on the Repo Market Stress, the Fed's Operating System, and the Prospects for a Standing Repo Facility
Jim Dorn on the History of Monetary Policy in Washington D.C. and its Future
Gregg Gelzinis on Reforming FSOC and How to Limit Future Financial Crises
Soumaya Keynes on Trade, Dollar Dominance, and the Highlights of Jackson Hole
Alex Tabarrok on the Elements of Economic Growth and the Decline of Dynamism
Judge Glock on the Riefler-Keynes Doctrine and Monetary Policy During the Great Depression
Thomas Hoenig on the Federal Reserve and the State of Banking in the US
Chris Crowe on Hedge Fund Perspectives and the Economic Implications of Brexit
Aaron Klein on Real-time Payments and Financial Regulation
Bonus Episode – Watch Party for the Fed's Historic Interest Rate Cut
Evan Koenig on the Fed's Review Period, Monetary Regimes, and Yield Curves
Ulrich Bindseil on Central Bank Operating Systems
Tyler Cowen on the Culture of Big Business in the United States
Joe Gagnon on Currency Manipulation, Trade Imbalances, and Libra
Heather Boushey on Income Inequality and Automatic Stabilizers
Jeffry Frieden on the Rise of Populism, Labor Mobility, and the Eurozone
Salim Furth on Land Use Regulations, the Rise of NIMBYism, and Options for Reform
Sam Bell and Skanda Amarnath on Gross Labor Income Targeting
Daniel Griswold on the USMCA, Tariffs, and the US Trade War
Mike Bird on Japanese Monetary Policy, Yield Curve Control, and the US-China Trade War
Robert Samuelson on the Great Inflation, Its History and Its Legacy
Dylan Matthews on Nine Ways to Prevent Future Recessions
Robert Graboyes on Monetary History of Small Coins
David Andolfatto on a Standing Repo Facility, Safe Asset Shortage, and the Fed's Low Inflation Problem
Alexandra Scaggs on Bond Markets, the Treasury Yield Curve, and MMT
Andrew Park on the Implications of Collateralized Loan Obligations
Eric Lonergan on Helicopter Drops and How to Improve Monetary Policy
Yair Listokin on the Convergence of Law and Macroeconomics
Bryan Cutsinger on Seigniorage and the Monetary Economics of the Civil War
Paul Tucker on Central Bank Independence and *Unelected Power*
James Broughel on the Social Discount Rate
Ryan Avent on Hyperinflation and the Fed's New Dovish Direction
146 – Michael Strain on the Current State of the Economy, the Green New Deal, and Populism on the Left and Right
145 – George Selgin on *Floored!*
144 – Peter Stella on Debt, Safe Assets, and Central Bank Operations
143 – Rohan Grey on Digital Currency, Privacy, and Modern Monetary Theory
142 – Donald Kohn on Fed Policy from the 1970s to Today
RE-AIR - Kevin Erdmann on Housing Shortages and Their Role in the Great Recession
141 – Christine McDaniel on Trade, China, and Intellectual Property
140 – Craig Torres on Fed Transparency, Automation, and the Bear Stearns Bailout
139 – Julia Coronado on Inflation, Fed Rate Hikes, and Recent Economic Developments
BONUS - Brian Goff on Sports Economics
138 – Felix Salmon on Charitable Giving and Sovereign Debt
137 – Matt Mitchell on Rent-Seeking and Public Choice
136 – Josh Galper on LIBOR, Overnight Lending, and the Lehman Brothers Collapse
135 – Victoria Guida on Financial Regulation, Jay Powell, and Recent Fed Appointments
134 – Neil Irwin on the Invisible Recession, Monetary Regimes, and the Current Issues Facing the Fed
133 – Adam Ozimek on Population Growth, Declining Business Dynamism and Fed Policy
132 – Scott Sumner on the Lessons Learned for Monetary Policy, Ten Years Later after the Crisis
131 – Mike Derby on Recent Economic Trends, Normalizing Monetary Policy and More
130 – Don Boudreaux on Free Trade, Protectionism, and the China Shock
129 – Nick Bunker on the Economic Recovery, Unemployment Measurement, and the U.S. Labor Market
128 – Robert Kaplan on the FOMC, the Dallas Fed, and Lessons from the Great Recession
127 – Jared Bernstein on Fiscal Reform, Trade, and the Financial Crisis
126 – Will Luther on Cash, "Supernotes," and Cryptocurrencies
125 – Sam Hammond on Co-Determination, Corporate Governance, and the Accountable Capitalism Act
124 – Brad Setser on Global Economic Imbalances and the Fed's Role as a Monetary Superpower
123 – Adam Posen on Trade, Inflation Targeting, and Central Bank Independence
122 – Sebastian Edwards on FDR, Gold, and the Great Depression
121 – Tim Duy on the Yield Curve, Inflation Targeting, and the Federal Reserve under Jay Powell
120 - Josh Hendrickson on Using Monetary Policy as a Jobs Guarantee
119 - Tim Lee on Technological Innovation, Productivity, and Economic Growth
118 - Kevin Erdmann on Housing Shortages and a New Understanding of the Great Recession
117 - Morgan Ricks on the Features and Advantages of Federal Reserve Bank Accounts
116 - Ashoka Mody on the Origins of the Euro and the Euro Crisis
115 - Monica de Bolle on the Economic Challenges Facing Argentina and Venezuela
114 - Mark Copelovitch on the Political Economy of the Global Recession and the Eurozone Crisis
113 – Dan Griswold on the Benefits and Myths of Immigration
112 – Larry Ball on the Lehman Brothers Collapse and Its Role in the Great Recession
111 - Nick Timiraos on the History and Economics of Fannie Mae and Freddie Mac
110 - Brian Blackstone on the ECB and the Swiss Referendum on Sovereign Money
109 - Christine McDaniel on International Trade and Intellectual Property
108 - Sam Hammond on Welfare Reform and Social Insurance
107 - Michael Darda on Inflation, Market Monetarism, and Fed Policy
106 – Razeen Sally on Protectionism, International Trade, and China
105 – David Andolfatto on Inflation and the Phillips Curve
104 - Jim Hamilton on Econometrics, Energy Markets, and Low Interest Rates
103 - Daniela Gabor on Safe Assets and Shadow Banking
102 – Morgan Ricks on *Money as Infrastructure* and Bank Regulations
101 – Ioana Marinescu on Universal Basic Income
100 – Ryan Avent, Cardiff Garcia, and Heather Long on Lessons from the Great Recession
99 – Edward Nelson on Money, its Role within Monetary Policy, and the Monetarist Legacy
[Rebroadcast] Daniel Griswold on the Basics of Trade
98 - Noah Smith on Immigration Economics
97 - Kevin Hassett on Growth, Technological Change, and the Trump Administration's Economic Policies
96 – Brink Lindsey and Steven Teles on Rent-Seeking and the Twin Melees Afflicting the U.S. Economy
95 – George Selgin on Fed Floors, Corridors, and Interest on Excess Reserves
94 - Mike Konczal on Expanding the Fed's Monetary Toolkit
93 – Neel Kashkari and Ron Feldman on the Minneapolis Plan and Monetary Policy Reform
92 - Ángel Ubide on Getting Central Banks Out of Their Comfort Zones
91 - Jesse Eisinger on the Financial Crisis and the Department of Justice
90 – Sarah Binder and Mark Spindel on Fed History and the Myth of Its Independence
89 – Mike Bird on the Eurozone, Abenomics, and the Fed Balance Sheet
BONUS: The Macroeconomics of Star Wars and Star Trek
BONUS: Laura Birg and Anna Goeddeke on Christmas Economics
88 – Ricardo Caballero on the Safe Asset Conundrum
87 - Stephen Williamson on New Monetarism and Neo-Fisherism
86 - William A. Barnett on Divisia Aggregates and Measuring Money in the Economy
85 – Caroline Baum on Treasury Yield Curves and the Debt Ceiling
84 - Nick Bloom on Economic Uncertainty and the Productivity Slowdown
83 - Jeffrey Rogers Hummel on Myths about the Fed and Interest Rates
82 - Doug Irwin on the History of US Trade Policy
81 – Norbert Michel on Smarter Financial Regulation
80 – Karl Smith on Market Power, the Great Variation, and Choices for Fed Chair
79 - Binyamin Appelbaum on Covering the Fed and Monetary Policy in the Trump Era
78 - Olivier Blanchard on the State of Macroeconomics
77 - JW Mason on Economic Recovery and Potential GDP
76 – Caroline Freund on the Decline in Global Trade and Trump's Trade Policy
75 - Larry Summers on Secular Stagnation, Fiscal Policy, and Fed Policy
74 - Eric Hilt on Debates in Economic History and the Cliometric Revolution
73 - JW Verret on Rules-Based Monetary Policy and the CHOICE Act
72 – Adam Millsap on Regional Business Cycles, State Fiscal Health, and Labor Mobility
71 – Betsey Stevenson on Challenges in the U.S. Labor Market
70 - Greg Mankiw on Macroeconomists as Scientists and Engineers
69 – Edward Harrison on the Political Economy of the Eurozone
68 - Scott Sumner on Fed Performance since the Great Recession
67 – Lisa Cook on Households in the Great Recession, Economic Growth in Africa, & Patents
66 - Ryan Cooper on Economic Anxiety, Populism, and Population Growth
65 - Stephen Miller on Financial Crises, Capital Requirements, and the US Banking System
64 - Ricardo Reis Defends Macroeconomics
63 - Matt Yglesias on the Politics of Fed Policy
62 – Mandel and Swanson on *The Coming Productivity Boom*
61 - Steve Horwitz on Monetary Disequilibrium and Austrian Business Cycle Theory
60 – Matt Klein on Greece, Optimal Currency Areas, and Safe Assets
59 - Jay Shambaugh on the Macroeconomic Trilemma ("The Impossible Trinity")
58 – David Schleicher on Local and State Regulation and Declining Mobility
57 – Paul Krugman on Liquidity Traps, the Great Recession, and Isaac Asimov
56 – Ethan Ilzetzki on the U.S. Dollar as an Anchor Currency
55 – Daniel Griswold on the Basics of Trade
54 – Josh Zumbrun on Challenges and Angst Facing the Economics Profession
53 – James Bullard on Life as a Fed Bank President and Monetary Policy in 2017
52 – Tyler Cowen on Complacency, Immobility, and Stagnation
51 – George Selgin on Reforming Open Market Operations and Normalizing Fed Policy
50 - Steve Hanke on Hyperinflations
49 - Jeffrey Frankel on Recession-Dating, the Plaza Accords, and Globalization
48 - Jason Furman on Fiscal Stimulus, the Platinum Coin, and Male Labor Force Participation
47 – Larry White on India's Demonetization and Austrian Macroeconomics
46 – Tim Duy on the Art of Fed Watching and the Future of U.S. Monetary Policy
45 – Hester Peirce on *Reframing Financial Regulation*
44 - Sebastian Mallaby on Alan Greenspan's Legacy
43 – Eswar Prasad on Chinese Monetary Policy – Past and Present
42 – Jesus Fernandez-Villaverde on European Economic History and Macroeconomic Modeling
41 - Gauti Eggertsson on the Zero-Lower Bound and Liquidity Traps
40 - Anat Admati on Debt, Equity, and Financial Instability
39 - Allan Meltzer on the Monetarist Counterrevolution and Economic Reforms
38 - Ylan Mui on the Fed Beat and Trumponomics
37 - Laura Birg and Anna Goeddeke on Christmas Economics
36 - The Macroeconomics of Star Wars and Star Trek
35 - Peter Conti-Brown on *The Power and Independence of the Federal Reserve*
34 – JP Koning on Goldbugs, African Monetary History, and Fedcoin
33 - Mark Calabria on Housing Policy and the Behavioral Case for Monetary Rules
32 - Roger Farmer on the Natural Rate of Unemployment Hypothesis and Prosperity for All
31 – Mark Koyama on the Macroeconomics of Ancient Rome
30 - Rudi Bachmann on German Macroeconomics, Walter Eucken, and Ordoliberalism
29 - Narayana Kocherlakota on the FOMC, the 2008 Crisis, and Monetary Rules
28 - Izabella Kaminska on Blockchain Technology and the Economics of Star Trek
27 - Claudio Borio on Financial Stability, the Triffin Dilemma, and International Monetary Policy
26 – Andy Levin on Federal Reserve Reform
25 - Morgan Ricks on *The Money Problem,* Financial Regulation, and Shadow Banking
24 - Ryan Avent on *The Wealth of Humans,* Job Automation, and Globalization
23 - Michael Bordo on Anna Schwartz, Financial Crises, and Life as a Monetary Historian
22 - Peter Ireland on the Chicago School, Federal Reserve Policy Targets, and Monetary Aggregates
21 – Hugh Rockoff on Optimal Currency Areas, "Yellowbacks," and Free Banking
20 - Douglas Irwin on Free Trade, the Gold Standard, and American Economic History
19 - Nick Rowe on Monetary Basics, Milton Friedman's Thermostat, and More
18 - Jason Taylor on the Great Depression, World War II, and "The Big Push"
17 - Brad DeLong on Hamiltonian Political Economy and American Economic History
16 - David Andolfatto on Life at the Fed, Equity-Based Finance, and the Blockchain
15 - Robert Hall on GDP Measurement and the Long Slump
14 - Mark Thoma on Fiscal Policy, Econometrics, and Political Business Cycles
13 - Joseph Gagnon on Quantitative Easing in the United States and Abroad
12 - Will Luther on Bitcoin, Vodka, and the Emergence of Money
11 - Robert Hetzel on Milton Friedman, the Monetarist-Keynesian Debate, and the 2008 Crisis
10 - Lars Christensen on the Eurozone Crisis and International Monetary Policy
09 - Josh Hendrickson on Measuring Money in the Economy
08 - Greg Ip on Risks, Financial Disasters, and Helicopter Money
07 - George Selgin on the Productivity Norm, Deflation, and Monetary History
06 - Ramesh Ponnuru on the Politics of Monetary Policy
05 - Miles Kimball on Negative Interest Rates, Equity Requirements, and Schools of Thought in Macro
04 - Cardiff Garcia on Economics Journalism, Safe Assets, and Inflation
03 - John Cochrane on Finance, the Fiscal Theory of the Price Level, and Blogging
02 - John Taylor on the Taylor Rule, the 2008 Crisis, and Fed Reform
01 - Scott Sumner on *The Midas Paradox*, the Fed, and More