Macro Musings with David Beckworth
Mercatus Center at George Mason University
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Top 10 Macro Musings with David Beckworth Episodes
Goodpods has curated a list of the 10 best Macro Musings with David Beckworth episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Macro Musings with David Beckworth for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Macro Musings with David Beckworth episode by adding your comments to the episode page.
Gauti Eggertsson on the Post-Pandemic Inflation Surge and its Implications for Monetary Policy
Macro Musings with David Beckworth
01/29/24 • 59 min
Gauti Eggertsson is a professor of economics at Brown University and is the author of several recent papers on the causes of the 2021-22 inflation surge and the lessons to be drawn from it for monetary policy going forward. Gauti is also a returning guest to Macro Musings, and he rejoins the show to talk about these papers and their findings. Specifically, David and Gauti discuss the role of the Fed’s FAIT framework in the post-pandemic inflation surge, the return of the non-linear Phillips curve, the merits of nominal GDP targeting and average nominal output targeting, Gauti’s policy suggestions for the Fed, and a lot more.
Transcript for this week’s episode.
Gauti’s Twitter: @GautiEggertsson
Gauti’s website
Gauti’s Brown University profile
David Beckworth’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
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Related Links:
*The Inflation Surge of the 2020s: The Role of Monetary Policy* by Gauti Eggertsson and Donald Kohn
*It’s Baaack: The Surge in Inflation in the 2020s and the Return of the Non-Linear Phillips Curve* by Pierpaolo Benigno and Gauti Eggertsson
*The Slanted-L Phillips Curve* by Pierpaolo Benigno and Gauti Eggertsson
*A Toolkit for Solving Models with a Lower Bound on Interest Rates of Stochastic Duration* by Gauti Eggertsson, Sergey Egiev, Alessandro Lin, Josef Platzer, and Luca Riva
*The Fed’s New Policy Framework: A Major Improvement but More Can Be Done* by Gauti Eggertsson, Sergey Egiev, Alessandro Lin, Josef Platzer, and Luca Riva
*The Princeton School and the Zero Lower Bound* by Scott Sumner
*Temporary Price-Level Targeting: An Alternative Framework for Monetary Policy* by Ben Bernanke
2 Listeners
Brian Riedl on the Current and Future Outlook for US Public Finance and Budget Reform
Macro Musings with David Beckworth
03/27/23 • 53 min
Brian Riedl is a senior fellow at the Manhattan Institute where he focuses on budget, tax, and economic policy issues. Previously, he worked for six years as chief economist for Senator Rob Portman of Ohio and as staff director of the Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth. He also served as director of budget and spending for Marco Rubio’s presidential campaign and was the lead architect of the 10-year deficit reduction plan for Mitt Romney’s presidential campaign. Brian joins Macro Musings to talk about the outlook of US public finance and the tough choices ahead. Specifically, David and Brian also discuss the surging US debt to GDP ratio, the shortfalls of Republican and Democratic plans for budget reform, Brian’s preferable policy path forward, and much more.
Transcript for the episode can be found here.
Brian’s Twitter: @Brian_Riedl
Brian’s Manhattan Institute profile
David Beckworth’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
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Related Links:
*Biden’s Promises on Social Security and Medicare Have No Basis in Reality* by Brian Riedl
*Biden Is Set to Detail Nearly $3 Trillion in Measures to Reduce Deficits* by Jim Tankersley
2 Listeners
Eric Leeper on *A Fiscal Accounting of COVID Inflation*
Macro Musings with David Beckworth
02/19/24 • 61 min
Eric Leeper is a professor of economics at the University of Virginia, a former advisor to central banks around the world, and a distinguished visiting scholar at the Mercatus Center. Eric is also a returning guest to the podcast, and he rejoins Macro Musings to talk about his work on the fiscal accounting of the COVID inflation surge. Specifically, David and Eric discuss fiscal dominance during the pandemic period, how the fiscal theory of the price level explains inflationary trends, the backward and forward-looking fiscal accounting exercises, and more.
Transcript for this week’s episode.
Eric’s Twitter: @EricMLeeper
Eric’s UVA profile
Eric’s Mercatus profile
David Beckworth’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
Join the Macro Musings mailing list!
Check out our Macro Musings merch!
Related Links:
*A Fiscal Accounting of COVID Inflation* by Eric Leeper and Joe Anderson
*Fiscal Dominance—What It Is and How It Threatens Inflation Control* by Eric Leeper
*Three World Wars: Fiscal-Monetary Consequences* by George Hall and Thomas Sargent
*The Fiscal Theory of the Price Level With a Bubble* by Markus Brunnermeier, Sebastian Merkel, and Yuliy Sannikov
*George Hall on the History of the U.S. National Debt and Government Financing* by Macro Musings
2 Listeners
Kathy Jones on the Current Economic Slowdown, Quantitative Tightening, and the Fed’s New Framework
Macro Musings with David Beckworth
07/11/22 • 47 min
Kathy Jones is managing director and chief fixed income strategist for the Schwab Center for Financial Research, and she has spent many years on Wall Street, covering bond markets and foreign exchange. Kathy joins Macro Musings to talk about the present outlook for the economy, the state of markets, and Fed policy. Specifically, David and Kathy discuss the story behind the recent economic slowdown, why equity markets are behind the recessionary curve, Kathy’s sense on QT moving forward, and more.
Transcript for the episode can be found here.
Kathy’s Twitter: @KathyJones
Kathy’s Charles Schwab profile
David’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
Click here for the latest Macro Musings episodes sent straight to your inbox!
1 Listener
Mark Koyama on *How the World Became Rich: The Historical Origins of Economic Growth*
Macro Musings with David Beckworth
02/05/24 • 55 min
Mark Koyama is an associate professor of economics at George Mason University and is a senior fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center. Mark is also a returning guest to the podcast, and he rejoins Macro Musings to talk about his recent book that he co-authored with Jared Rubin titled, *How the World Became Rich: The Historical Origins of Economic Growth.* Specifically, David and Mark discuss the key drivers of long-run economic growth throughout history and what we might be able to expect in the future.
Transcript for this week’s episode.
Mark’s Twitter: @MarkKoyama
Mark’s GMU profile
Mark’s Mercatus profile
David Beckworth’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
Join the Macro Musings mailing list!
Check out our new Macro Musings merch!
Related Links:
*How the World Became Rich: The Historical Origins of Economic Growth* by Mark Koyama and Jared Rubin
1 Listener
Derek Tang on the Present and Future Landscape for Fed Policy and Politics
Macro Musings with David Beckworth
03/13/23 • 52 min
Derek Tang is the CEO and co-founder of LH Meyer, and is part of the research team based in Washington, D.C. where he forecasts Fed policy developments, provides bespoke policy analysis to institutional investors, and also closely monitors and forecasts the Fed’s balance sheet. Derek joins David on Macro Musings to talk about Fed policy, Fed politics, and what to expect in 2023 and 2024. Specifically, David and Derek discuss numerous personnel changes at the Fed, the future of the central bank’s balance sheet, the upcoming Congressional agenda for the Fed, what the next framework review has in store, and more.
Transcript for the episode can be found here.
Derek’s Twitter: @macroderek
Derek’s LH Meyer bio
David Beckworth’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
Click here for the latest Macro Musings episodes sent straight to your inbox!
Check out our new Macro Musings merch here!
Related Links:
*The Federal Reserve’s Current Framework for Monetary Policy: A Review and Assessment* by Janice Eberly, James Stock, and Jonathan Wright
*The Federal Reserve’s Balance Sheet: Costs to Taxpayers of Quantitative Easing* by Andy Levin and Bill Nelson
1 Listener
Jonathon Hazell on Phillips Curves, Wage Rigidity, and How to Measure R-Star
Macro Musings with David Beckworth
01/22/24 • 70 min
Jonathon Hazell is an assistant professor of economics at the London School of Economics. Jonathon joins Macro Musings to talk about Phillips curves, R-stars, and nominal wage rigidity. Specifically, Jonathon and David also discuss the how to view the recent inflation experience, how to measure the natural rate using natural experiments, the downward nature of wage rigidity, and a lot more.
Transcript for this week’s episode.
Jonathon’s Twitter: @JADHazell
Jonathon’s website
Jonathon’s LSE profile
David Beckworth’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
Join the Macro Musings mailing list!
Check out our new Macro Musings merch!
Related Links:
*The Natural Rate of Return on Capital: Replication Package* by Jonathon Hazell, Veronica Backer-Peral, and Atif Mian
*The Slope of the Phillips Curve: Evidence From US States* by Jonathon Hazell, Juan Herreno, Emi Nakamura, and Jon Steinsson
*Measuring the Natural Rate Using Natural Experiments* by Veronica Backer-Peral, Jonathon Hazell, and Atif Mian
*Downward Rigidity in the Wage for New Hires* by Jonathon Hazell and Bledi Taska
*National Wage Setting* by Jonathon Hazell, Christina Patterson, Heather Sarsons, and Bledi Taska
*The Unemployment Volatility Puzzle: Is Wage Stickiness the Answer?* by Christopher Pissarides
1 Listener
Joe Gagnon on *25 Years of Excess Unemployment* and the Phillips Curve Debate
Macro Musings with David Beckworth
12/12/22 • 53 min
Joe Gagnon is a senior fellow at the Peterson Institute for International Economics and was formerly a senior staffer at the Federal Reserve Board of Governors. Joe is also a returning guest to the podcast, and he rejoins Macro Musings to take a look back on the past few years and to discuss his new paper on excess unemployment over the past 25 years. Specifically, David and Joe also discuss the movement of the natural rate of unemployment over time, alternative explanations for the flattening of the Phillips curve, policy implications for the Fed moving forward, and more.
Transcript for the episode can be found here.
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Joe’s PIIE profile
Joe’s Twitter: @GagnonMacro
David’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
Click here for the latest Macro Musings episodes sent straight to your inbox!
Check out our new Macro Musings merch here!
Related Links:
*25 Years of Excess Unemployment in Advanced Economies: Lessons for Monetary Policy* by Joseph Gagnon and Madi Sarsenbayev
*Economists are Slightly Better at Predicting Inflation Than Consumers* by Joseph Gagnon and Madi Sarsenbayev
*Who are the Better Forecasters of Inflation, Bond Traders or Economists?* by Joseph Gagnon and Madi Sarsenbayev
*The Slope of the Phillips Curve: Evidence form U.S. States* by Jonathon Hazell, Juan Herreno, Emi Nakamura, and Jon Steinsson
*The Macroeconomics of Low Inflation* by George Akerlof, William Dickens, and George Perry
*Measuring Monetary Policy: the NGDP Gap* by David Beckworth
1 Listener
Nathan Tankus on the Future of MMT and How to Avoid U.S. Debt Default
Macro Musings with David Beckworth
05/08/23 • 68 min
Nathan Tankus is a popular writer for a newsletter titled, *Notes on the Crises* and is the research director of the Modern Money Network. Nathan is also a returning guest to Macro Musings, and he rejoins the podcast to talk about modern monetary theory and the debt ceiling. Specifically, David and Nathan discuss the future of MMT, the case for minting the trillion dollar coin, the prospects of issuing Federal Reserve securities, the history of the Fed’s operating procedures, and a lot more.
Transcript for this week’s episode
Nathan’s Twitter: @NathanTankus
Nathan’s Substack, Notes on the Crises
Nathan’s Modern Money Network profile
David Beckworth’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
Join the Macro Musings mailing list!
Check out our new Macro Musings merch!
Related Links:
*The New Monetary Policy: Reimagining Demand Management and Price Stability in the 21st Century* by Nathan Tankus
*Federal Reserve Issued Securities: Not Such A Crazy Idea After All* by Nathan Tankus
*The Federal Reserve’s Monetary Policy Operating Procedures Have Come Full Circle: What Does That Mean for the Post-SVB FOMC Meeting?* by Nathan Tankus
*An MMT Response on What Causes Inflation* by Nathan Tankus, Rohan Grey, and Scott Fulwiler
*Issues Raised by the Credit Crunch and Global Recession* by Janet Yellen
1 Listener
Jeffrey Lacker on Governance at the Federal Reserve
Macro Musings with David Beckworth
02/12/24 • 56 min
Jeffrey Lacker is a former president of the Federal Reserve Bank of Richmond, where he served as its head from 2004 to 2017. Jeffrey is now a senior affiliated scholar at the Mercatus Center and is also a returning guest to the podcast. He rejoins David on Macro Musings to talk about a wide range of Fed governance issues, including the evolving nature of governance at the Fed, the increasing politicization of the central bank, its continuing relationship with Congress, and a lot more.
Transcript for this week’s episode.
Jeffrey’s Mercatus profile
Jeffrey’s website
Jeffrey’s Richmond Fed archive
David Beckworth’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
Join the Macro Musings mailing list!
Check out our Macro Musings merch!
Related Links:
*Governance and Diversity at the Federal Reserve* by Jeffrey Lacker
*Some Questions About the Fed’s Monetary Policy Operating Regime* by Jeffrey Lacker
*The Legacy of Bennett McCallum and Lessons for Monetary Policy Today* an event hosted by the Mercatus Center
*Ed Nelson on the Life, Work, and Legacy of Bennett McCallum* by Macro Musings
1 Listener
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FAQ
How many episodes does Macro Musings with David Beckworth have?
Macro Musings with David Beckworth currently has 495 episodes available.
What topics does Macro Musings with David Beckworth cover?
The podcast is about Policy, Podcasts, Economics, Education, Macroeconomics and Business.
What is the most popular episode on Macro Musings with David Beckworth?
The episode title 'Brian Riedl on the Current and Future Outlook for US Public Finance and Budget Reform' is the most popular.
What is the average episode length on Macro Musings with David Beckworth?
The average episode length on Macro Musings with David Beckworth is 56 minutes.
How often are episodes of Macro Musings with David Beckworth released?
Episodes of Macro Musings with David Beckworth are typically released every 7 days.
When was the first episode of Macro Musings with David Beckworth?
The first episode of Macro Musings with David Beckworth was released on Mar 31, 2016.
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