Macro Musings is back with another bonus episode, as Sam Bell and Skanda Amarnath (Employ America) are joined by Julia Coronado (Macro Policy Perspectives) and David Beckworth (Macro Musings) to talk through the announcement of the Fed’s framework transition towards average inflation targeting. Specifically, this panel of guests discuss the implications of moving to an average inflation targeting regime, whether the shift may cause credibility problems for the central bank, how to continue to improve the Fed’s toolkit, and more.

 

Special thanks to the Employ America team for allowing us to use their webcast audio for this special Macro Musings bonus content.

 

Transcript for the episode can be found here.

 

Employ America’s Twitter: @employamerica

Employ America’s website: https://employamerica.org/

Sam Bell’s Twitter: @sam_a_bell

Skanda Amarnath’s Twitter: @IrvingSwisher

 

Julia’s Twitter: @jc_econ

Julia’s Macro Policy Perspectives profile: https://www.macropolicyperspectives.com/team

 

Related Links:

 

*A New Way to Manage Inflation* by David Beckworth

https://www.mercatus.org/bridge/commentary/new-way-manage-inflation

 

*By Doubling Down On Inflation Targeting, the Fed Is At Risk of Forgetting Lessons from 2008 & 2011* by Skanda Amarnath

https://medium.com/@skanda_97974/by-doubling-down-on-inflation-targeting-the-fed-is-at-risk-of-forgetting-lessons-from-2008-2011-f877f78acba2

 

*Securing Macroeconomic and Monetary Stability with a Federal Reserve–Backed Digital Currency* by Julia Coronado and Simon Potter

https://www.piie.com/system/files/documents/pb20-4.pdf

 

David’s Twitter: @DavidBeckworth

David’s blog: http://macromarketmusings.blogspot.com/