Bill Nelson on the Future of Central Bank Operating Systems

Bill Nelson on the Future of Central Bank Operating Systems

Bill Nelson is a Chief economist and an executive vice president at the Bank Policy Institute. Bill returns to the show to discuss the changes at many central banks around the world from a supply-driven floor system to a demand-driven floor system and how the Fed has been resistant to this change.

Check out the transcript for this week's episode, now with links.

Recorded on March 6th, 2025

Subscribe to David's Substack: Macroeconomic Policy Nexus

Follow David Beckworth on X: @DavidBeckworth

Follow the show on X: @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!

Subscribe to David's new BTS YouTube Channel

Timestamps:

(00:00:00) – Intro

(00:01:35) – Trend Toward a Demand-Driven Ceiling System

(00:07:32) – Will the Fed Follow Suit?

(00:13:11) – Bank of England's New Policy Implementation Framework

(00:21:33) – Bill's Suggestions for the Fed's Implementation Framework

(00:39:18) – Responding to Lorie's Case for the Floor System

(00:59:11) – Outro

Jaksot(543)

Chris Conlon on the Post-COVID Inflation Surge and the Greedflation Narrative

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 he...

10 Heinä 202359min

Tim Lee on the Present and Future of AI and its Implications for Policy

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....

3 Heinä 202355min

Steven Kamin on the Global Influence of Fed Policy and the U.S. Dollar

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 M...

26 Kesä 202356min

Chris Hughes on the Legacy of Arthur Burns and its Implications for Macro Policy Today

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 Roo...

19 Kesä 202354min

Peter Stella on the Quasi-Fiscal Implications of Central Bank Crisis Intervention

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, Cent...

12 Kesä 202350min

Christina Skinner on Central Bank Digital Currency as New Public Money

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 ...

5 Kesä 20231h

Gianluca Benigno on the Basics and Policy Functionality of R** and the Dollar's Imperial Circle

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,...

29 Touko 202349min

Dan McDowell on *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar*

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 ...

22 Touko 202355min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
herrasmieshakkerit
ostan-asuntoja-podcast
rahapuhetta
rss-rahamania
rss-lahtijat
rss-seuraava-potilas
leadcast
rss-merja-mahkan-rahat
rss-40-ajatusta-aanesta
rss-porssipuhetta
rss-levosta-kasin-yrittajyys
rss-sisalto-kuntoon
rss-vaikuttavan-opettajan-vierella
rss-ma
rss-bisneksen-pehmea-puoli
rss-draivi