Mercatus Center Podcasts Podcast Shows – Apple Podcasts

Channel • 6 Shows

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Business

Updated weekly
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Social Sciences

Every two weeks
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Politics

Updated 19/12/2023
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Education

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27 MAY

George Selgin on Fed Master Accounts, Central Bank Independence, and the Fed’s Balance Sheet

George Selgin is a senior fellow and director emeritus of the Center for Monetary and Financial Alternatives at the Cato Institute. George is also a frequent guest of the podcast, and he rejoins Macro Musings to talk about some of the recent developments in the monetary and fiscal policy space. Specifically, David and George discuss recent updates regarding Fed master accounts, the problematic aspects of the Fed’s balance sheet, why a second Trump term would threaten central bank independence, and much more. Transcript for this week’s episode. George’s Twitter: @GeorgeSelgin George’s Cato profile David Beckworth’s Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! Related Links: Caitlin Long’s tweet regarding the Fed’s special treatment for approving master accounts *Public comments on the Proposed Guidelines for Evaluating Requests for Accounts and Services* by George Selgin *Custodia Bank Inc v. Federal Reserve Board of Governors* Court documents from the Wyoming District Court *Annual Report on Open Market Operations (2023)* by the Federal Reserve Bank of New York *Trump Allies Draw Up Plans to Blunt Fed’s Independence* by Andrew Restuccia, Nick Timiraos, and Alex Leary *Trump Advisers Discuss Penalties for Nations That Move Away From the Dollar* by Saleha Mohsin, Jennfier Jacobs, and Nancy Cook *Hayek versus Keynes on How the Price Level Ought to Behave* by George Selgin *The Menace of Fiscal QE* by George Selgin *George Selgin on False Dawn: The New Deal and the Promise of Recovery* by Macro Musings Timestamps: (00:01:36) – Intro (00:06:26) – Updates on Fed Master Accounts and the Custodia Case (00:17:57) – Problematic Aspects of the Fed’s Balance Sheet (00:22:50) – The Importance of the Overnight Unsecured Interbank Lending Market (00:34:26) – Responding to the Jared Bernstein Incident (00:46:33) – Donald Trump, Central Bank Independence, and Dollar Dominance (00:56:54) – Outro

27 May

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58 min
13/09/2022

Dr. Bruce Yandle's September 2022 Economic Situation Report

What's next for the Fed, inflation, and unemployment?

13/09/2022

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31 min
14/03/2023

Dr. Bruce Yandle's March 2023 Economic Situation Report

Bruce says there's a whole lot of shaking going on in the economy right now. What can we expect for the remainder of 2023?

14/03/2023

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32 min
08/05/2017

56 – Ethan Ilzetzki on the U.S. Dollar as an Anchor Currency

Ethan Ilzetzki is an assistant professor of economics at the London School of Economics and a research affiliate at the Centre for Economic Policy Research. He joins the show to discuss exchange rate regimes, anchor currencies, and the new Triffin dilemma. Ethan points out how the U.S. dollar is connected to a staggering 70 percent of global GDP. David and Ethan discuss what the dollar’s dominant role in the global economy means for U.S. monetary policy, both at home and abroad. David’s blog: http://macromarketmusings.blogspot.com/ Ethan Ilzetzki’s LSE profile: http://personal.lse.ac.uk/ilzetzki/index.htm/ David’s Twitter: @DavidBeckworth Ethan Ilzetzki’s Twitter: @ilzetzki Related links: “Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?” by Ethan Ilzetzki (with Carmen Reinhart and Kenneth Rogoff) http://personal.lse.ac.uk/ilzetzki/index.htm/Research/Ilzetzki&Reinhart&Rogoff.pdf “How Big (Small?) are Fiscal Multipliers?” by Ethan Ilzetzki (with Enrique G. Mendoza and Carlos A. Vegh) http://www.sciencedirect.com/science/article/pii/S030439321200116X

08/05/2017

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1 hr
21/06/2022

Dr. Bruce Yandle's June 2022 Economic Situation Report

Is Bruce still optimistic about the United States' future?

21/06/2022

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30 min
04/12/2017

86 - William A. Barnett on Divisia Aggregates and Measuring Money in the Economy

William A. Barnett is the Oswald Distinguished Professor of Macroeconomics at the University of Kansas and Director of the Center for Financial Stability. Today, Bill joins the show to discuss his work on better measurement of monetary aggregates in the economy. David and Bill also discuss Bill’s book *Getting It Wrong,* which argues that old simple-sum aggregates of the money supply are obsolete and that more sophisticated aggregates (called Divisia aggregates) are more appropriate in making decisions related to monetary policy. In Bill’s view, better financial data and better measurement of monetary aggregates would have averted the recent financial crisis. Finally, Bill also explains how he went from being a rocket scientist to a macroeconomist! David’s blog: macromarketmusings.blogspot.com Macro Musings podcast site: macromusings.com David’s Twitter: @DavidBeckworth William Barnett’s University of Kansas profile: https://economics.ku.edu/william-barnett The Center for Financial Stability homepage: http://www.centerforfinancialstability.org/ *Getting It Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy* by William Barnett https://mitpress.mit.edu/books/getting-it-wrong

04/12/2017

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1 hr
29/11/2023

Environmental Economics — Bobbi Herzberg on Climate Change and Polycentricity

Jordan Lofthouse interviews Bobbi Herzberg on a polycentric approach to solving climate change.

29/11/2023

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1h 15m
13/03/2017

48 - Jason Furman on Fiscal Stimulus, the Platinum Coin, and Male Labor Force Participation

Jason Furman is a senior fellow at the Peterson Institute for International Economics. Previously, he served as the Chairman of the Council of Economic Advisers under President Obama. He joins the show to reflect on his time in the Obama Administration. Among other things, Jason and David discuss the efficacy of fiscal policy, the fiscal multiplier, and whether the platinum coin was ever seriously considered. They also discuss the problem of declining male labor force participation, its causes, and possible solutions. David’s blog: http://macromarketmusings.blogspot.com/ Jason Furman’s PIIE profile: https://piie.com/experts/senior-research-staff/jason-furman David’s Twitter: @davidbeckworth Jason Furman’s Twitter: @jasonfurman Related links: “The New View of Fiscal Policy and Its Application” by Jason Furman http://voxeu.org/article/new-view-fiscal-policy-and-its-application “The Long-Term Decline in US Prime-Age Male Labor Force Participation” by Jason Furman http://voxeu.org/article/long-term-decline-us-prime-age-male-labour-force-participation-and-policies-address-it

13/03/2017

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59 min
12/04/2023

Lucia Rafanelli on Global Justice and Biased Technology

On this episode of Virtual Sentiments, Kristen Collins interviews Lucia Rafanelli on global justice and biased technology. Rafanelli is an Assistant Professor of Political Science & International Affairs at the Elliott School of International Affairs at the George Washington University.

12/04/2023

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53 min
04/06/2018

109 - Christine McDaniel on International Trade and Intellectual Property

Christine McDaniel is a senior research fellow at the Mercatus Center with the Program on the American Economy and Globalization. Christine previously held several positions within the U.S. government including deputy assistant secretary at the Treasury Department and senior trade economist in the White House Council of Economic Advisors. She joins the show today to talk about the issues of intellectual property and trade. David and Christine also discuss the importance of reviving the Trans-Pacific Partnership, problems with patent systems across the globe, and the history and current scale of intellectual property theft. Christine’s Twitter: @christinemcdan Christine’s Mercatus profile: https://www.mercatus.org/christine-mcdaniel David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

04/06/2018

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52 min

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