Macro Musings with David Beckworth

By Mercatus Center at George Mason University

What's Macro Musings with David Beckworth about?

Hosted by David Beckworth of the Mercatus Center, Macro Musings pulls back the curtain on the important macroeconomic issues of the past, present, and future.

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Macro Musings with David Beckworth episodes:

04.22.2024
Saleha Mohsin on *Paper Soldiers: How the Weaponization of the Dollar Changed the World Order*
Saleha Mohsin is a senior Washington correspondent for Bloomberg News, where she covers policy, politics, and power in Washington, DC. Saleha is also the author of a new book titled, *Paper Soldiers: How the Weaponization of the Dollar Changed the World...
04.15.2024
Josh Hendrickson on the Treasury Standard and Global Dollar Dominance
Josh Hendrickson is the chair of the department of economics at the University of Mississippi and is the author of a new paper that looks at dollar dominance through the broad historical perspective of what is called the “Treasury Standard.”...
04.08.2024
Julia Coronado on Productivity, Commercial Real Estate, and the Fed’s Soft Landing
Julia Coronado is the president and founder of MacroPolicy Perspectives, a Wall Street research firm. Julia was also recently the president of the National Association of Business Economists, and she has served as an economist on Wall Street and at...
04.01.2024
Isabel Schnabel on the ECB and its New Operational Framework
Isabel Schnabel is a Member of the Executive Board of the European Central Bank, and she joins David on Macro Musings to talk about the ECB and its new operational framework. Specifically, David and Isabel also discuss the structure, operations,...
03.25.2024
Andrew Levin and Christina Parajon Skinner on *Central Bank Undersight: Assessing the Fed’s Accountability to Congress*
Andy Levin is a professor of economics at Dartmouth University and a former senior staffer at the Federal Reserve Board of Governors. Christina Parajon Skinner is a legal scholar at the University of Pennsylvania and formerly was legal counsel to...
03.18.2024
Anat Admati on the US Banking System and the Basel III Endgame
Anat Admati is a professor of finance and economics at Stanford University and is the coauthor of the 2013 book, *The Bankers’ New Clothes: What’s Wrong With Banking and What to Do About It.* Anat is also a returning guest...
03.11.2024
Steven Kamin and Mark Sobel on the Current State of Dollar Dominance
Steven Kamin is a senior fellow at the American Enterprise Institute, was previously the director of the Division of International Finance at the Federal Reserve Board, and is a returning guest to the podcast. Mark Sobel is the US Chairman...
03.04.2024
Peter Williams on Interest Rates, Term Premium, and the Importance of Inflation Expectations
Peter Williams is a managing director of macroeconomic research at 22V Research and was formerly at the IMF and the World Bank. Peter joins David on Macro Musings to provide a market perspective on interest rates, Treasury markets, and monetary...
02.26.2024
Bill Nelson on the Using the Discount Window for Liquidity Requirements and Its Implications for the Fed’s Balance Sheet
Bill Nelson is the chief economist and an executive vice president at the Bank Policy Institute. Bill previously was a deputy director of the Division of Monetary Affairs at the Federal Reserve Board, where his responsibilities included monetary policy analysis,...
02.19.2024
Eric Leeper on *A Fiscal Accounting of COVID Inflation*
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...
02.12.2024
Jeffrey Lacker on Governance at the Federal Reserve
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...
02.05.2024
Mark Koyama on *How the World Became Rich: The Historical Origins of Economic Growth*
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...
01.29.2024
Gauti Eggertsson on the Post-Pandemic Inflation Surge and its Implications for Monetary Policy
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...
01.22.2024
Jonathon Hazell on Phillips Curves, Wage Rigidity, and How to Measure R-Star
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...
01.15.2024
Skanda Amarnath and Preston Mui on the Tribal Transitory Debate and the Future of the Fed’s Framework
Skanda Amarnath is the executive director of Employ America, a think tank that promotes full employment in the American economy, and Preston Mui is also a senior economist at Employ America. Skanda and Preston join Macro Musings to talk about...
01.08.2024
Claudio Borio on the Future of Central Bank Operating Systems
Claudio Borio is the head of the Monetary and Economic Department at the Bank for International Settlements, or BIS. Claudio is also a returning guest to the podcast, and he rejoins Macro Musings to talk about central bank operating systems...
01.01.2024
Colby Smith, Steven Kelly, and Gerard DiPippo on the Highlights of 2023 and Looking Ahead to the Future
Colby Smith is the US economics editor for the Financial Times, Steven Kelly is the Associate Director of Research at the Yale Program on Financial Stability, and Gerard DiPippo is the Senior Geoeconomics Analyst at Bloomberg. For this special year-end...
12.25.2023
Tyler Cowen on the Greatest Economist of All Time and Other Macro Awards
Tyler Cowen is a professor of economics at George Mason University, and is the co-author of the popular economics blog, Marginal Revolution. Tyler has also published widely in the field of economics, and he is the author of numerous books,...
12.18.2023
Nicolas Cachanosky on Dollarization in Argentina
Nicolas Cachanosky is an associate professor of economics at the University of Texas at El Paso, and he, along with Emilio Ocampo, are the authors of a recent book titled, *Dollarization: A Solution for Argentina.* Nicolas joins Macro Musings to...
12.11.2023
Charlie Evans on the Past, Present, and Future of U.S. Monetary Policy
Charles Evans was a 31-year veteran of the Federal Reserve System, serving as a researcher, vice president, and, ultimately, president and CEO of the Chicago Fed from 2007 to 2023. Charles joins Macro Musings to talk about his past and...
12.04.2023
Matteo Maggiori and Jesse Schreger on Geoeconomics and its Policy Implications
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...
11.27.2023
Matthew Raskin on Treasury Market Stability, Interest Rates, and the Fed’s Balance Sheet
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...
11.20.2023
David Papell on the History, Motivations, and Current Applications of Monetary Policy Rules
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...
11.13.2023
Rachel Siegel on the Fed, Commercial Real Estate, and the Economics of the 2024 Election
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...
11.06.2023
Will Bateman on the History and Evolving Nature of the Fiscal Fed
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...
10.30.2023
PJ Glandon on the State of Macroeconomics: Research and Pedagogy
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...
10.23.2023
Ed Nelson on the Life, Work, and Legacy of Bennett McCallum
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...
10.16.2023
Sam Hammond on AI, Techno-Feudalism, and the Future of the State
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...
10.09.2023
Marc Goldwein on the US Government Budget: Structure, Challenges, and Reform Strategies
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....
10.02.2023
Lev Menand and Josh Younger on *Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon*
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...
09.25.2023
Thomas Hoenig on Public Debt Sustainability and the Current State of the US Banking System
Thomas Hoenig is a distinguished senior fellow with the Mercatus Center at George Mason University, where he focuses on the long-term impacts of the politicization of financial services as well as the effects of government-granted privileges and market performance. He...
09.18.2023
Robert McCauley on Bond Market Crises and the International Lender of Last Resort
Robert McCauley is a senior fellow at the Global Development Policy Center at Boston University, an Associate Member of the Faculty of History at the University of Oxford, and was formerly at the Bank of International Settlements for 25 years...
09.11.2023
Joe Gagnon on Inflation Progress and the Path Ahead: Breaking Down Jerome Powell’s Jackson Hole Speech
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 Macro Musings, and he rejoins the podcast...
09.04.2023
Nicholas Anthony on the Current Prospects and Legislative Developments Surrounding CBDC
Nicholas Anthony is a policy analyst at the Cato Institute’s Center for Monetary and Financial Alternatives and works on issues relating to financial privacy, cryptocurrencies, and the use of money in society. Nicholas joins Macro Musings to talk about central...
08.28.2023
John Coates on *The Problem of Twelve: When a Few Financial Institutions Control Everything*
John Coates is a professor of law and economics and the deputy dean of the Harvard Law School. John is also the author of a new book titled, *The Problem of Twelve: When a Few Financial Institutions Control Everything,* and...
08.21.2023
Zac Gross on the Past, Present, and Future of Australian Monetary Policy
Zac Gross is a senior lecturer at Monash University and was formerly an economist at the Reserve Bank of Australia. Zac joins Macro Musings to talk about the Australian central bank and the recent review of its framework. Specifically, David...
08.14.2023
Larry White on Gold, Fiat, and Bitcoin: Determining the Ideal Monetary Standard
Larry White is a professor of economics at George Mason University and is the author of a new book titled, *Better Money: Gold, Fiat, or Bitcoin?* Larry is also a returning guest to Macro Musings, and he rejoins the podcast...
08.07.2023
Ricardo Reis on the Macroeconomics of Financial Crises and the Recent Inflation Surge
Ricardo Reis is a professor of economics at the London School of Economics and is the co-author of a new book titled, *A Crash Course on Crises: Macroeconomic Concepts for Run-ups, Collapses, and Recoveries.* Ricardo is also a previous guest...
07.31.2023
Macro Lit Review 4: Highlights from Mid-2023 with George Selgin
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 on Macro Musings, and he rejoins the podcast to talk about some of...
07.24.2023
Bryan Cutsinger and Louis Rouanet on the Politics and Dynamics of Hyperinflation in Revolutionary France
Bryan Cutsinger is an assistant professor of economics at Angelo State University and Louis Rouanet is an assistant professor of economics at the University of Texas, El Paso. Bryan and Louis join Macro Musings to talk about the French Revolution,...
07.17.2023
Jesus Fernandez-Villaverde on Demographic Trends, Recent Macroeconomic Developments, and AI’s Implications for Economic Growth
Jesus Fernandez-Villaverde is a professor of economics at the University of Pennsylvania and is the co-director of the Business, Economic, and Financial History Project at the Wharton School of Business. Jesus is also a returning guest to the podcast, and...
07.10.2023
Chris Conlon on the Post-COVID Inflation Surge and the Greedflation Narrative
Chris Conlon is an associate professor of economics at the NYU Stern School of Business where he focuses on industrial organization economics and econometrics. Chris joins David on Macro Musings to help shed light on the 2021-2023 inflation surge from...
07.03.2023
Tim Lee on the Present and Future of AI and its Implications for Policy
Tim Lee is an independent journalist who formerly worked for the Washington Post, Vox, and Ars Technica, where he covered tech policy, blockchain issues, the future of transportation, and the economy. Tim currently produces the newsletter, Understanding AI, and is...
06.26.2023
Steven Kamin on the Global Influence of Fed Policy and the U.S. Dollar
Steven Kamin is a senior fellow at the American Enterprise Institute and previously was the director of the Division of International Finance at the Federal Reserve Board. Steve joins David on Macro Musings to talk about the US dollar and...
06.19.2023
Chris Hughes on the Legacy of Arthur Burns and its Implications for Macro Policy Today
Chris Hughes is a senior fellow at the Institute on Race, Power, and Political Economy at The New School, and he is also the co-founder of the Economic Security Project and a senior advisor at the Roosevelt Institute. Previously, he...
06.12.2023
Peter Stella on the Quasi-Fiscal Implications of Central Bank Crisis Intervention
Peter Stella is the former head of the IMF’s Central Banking Division and has researched and written extensively on safe assets, collateral, and central bank operations. He now hosts the website, Central Banking Archaeology and continues to consult with the...
06.05.2023
Christina Skinner on Central Bank Digital Currency as New Public Money
Christina Skinner is a legal scholar at the Wharton Business School at the University of Pennsylvania and was formerly legal counsel to the Bank of England. Christina is also a returning guest to the podcast, and she rejoins Macro Musings...
05.29.2023
Gianluca Benigno on the Basics and Policy Functionality of R** and the Dollar’s Imperial Circle
Gianluca Benigno is a professor of economics at the University of Lausanne and was formerly a senior staffer and economist at the Federal Reserve Bank of New York, an economist at the Bank of England, and worked at the London...
05.22.2023
Dan McDowell on *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar*
Dan McDowell is an associate professor of political science at Syracuse University, and he is the author of a new book titled, *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar.* Dan joins Macro Musings to...
05.15.2023
Jeanna Smialek on *Limitless: The Federal Reserve Takes on a New Age of Crisis*
Jeanna Smialek is a reporter who covers the Federal Reserve and the economy for the New York Times, and is the author of a new book titled, *Limitless: The Federal Reserve Takes On a New Age of Crisis.* Jeanna is...

What's Macro Musings with David Beckworth about?

Download our free app to listen on your phone

Macro Musings with David Beckworth episodes:

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*

Saleha Mohsin on Paper Soldiers: How the Weaponization of the Dollar Changed the World Order

Andrew Levin and Christina Parajon Skinner on Central Bank Undersight: Assessing the Fed’s Accountability to Congress

Eric Leeper on A Fiscal Accounting of COVID Inflation

Mark Koyama on How the World Became Rich: The Historical Origins of Economic Growth

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

John Coates on The Problem of Twelve: When a Few Financial Institutions Control Everything

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