Skanda Amarnath is the executive director of Employ America and a former hedge fund economist. He rejoins Macro Musings to talk about the fate of the Phillips Curve, the inflation outlook, the Fed’s new framework, and his vision for a better monetary policy future. David and Skanda also discuss the Fed’s flawed assessment of maximum employment, how to modify the central bank’s Summary of Economic Projections, and the significance of capacity constraints vs labor utilization.

 

Transcript for the episode can be found here.

 

Skanda’s Twitter: @IrvingSwisher

Skanda’s Employ America archive: https://employamerica.org/author/skandaamarnath/

Skanda’s Medium profile: https://medium.com/@skanda_97974

 

Related Links:

 

*Beyond the Phillips Curve: A Dynamic Approach to Communicating Assessments of 'Maximum Employment'* by Skanda Amarnath and Alex Williams

https://employamerica.medium.com/beyond-the-phillips-curve-a-dynamic-approach-to-communicating-assessments-of-maximum-employment-c3eff48b2fcf

 

David’s blog: macromarketmusings.blogspot.com

David’s Twitter: @DavidBeckworth