68 - Scott Sumner on Fed Performance since the Great Recession

68 - Scott Sumner on Fed Performance since the Great Recession

In this week's episode in front of a live audience, Scott Sumner, the director of the Program on Monetary Policy at the Mercatus Center and blogger at *The Money Illusion,* returns to the show to share his thoughts on the Federal Reserve's performance from the Great Recession to the present. Scott explains how forecast targeting and price level targeting could have mitigated the economic decline in 2008 and 2009. He also shares his thoughts on how the cognitive biases of central bankers can cause them to make mistakes in evaluating the stance of monetary policy and offers some solutions to address this problem. Note: this episode was recorded as part of a special Mercatus Center event in June 2017. David's Twitter: @DavidBeckworth David's blog: macromarketmusings.blogspot.com Scott's Mercatus profile: https://www.mercatus.org/scott-sumner Scott's blog: www.themoneyillusion.com/ Related links: *The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression* by Scott Sumner https://www.amazon.com/Midas-Paradox-Financial-Government-Depression/dp/1598131508 "Nudging the Fed Toward a Rules-Based Policy Regime" by Scott Sumner https://www.mercatus.org/publication/nudging-fed-toward-rules-based-policy-regime "Demystifying the Fed" by Scott Sumner https://www.usnews.com/opinion/economic-intelligence/articles/2017-07-10/the-federal-reserve-needs-to-learn-from-its-monetary-mistakes "Inflation Forecasting Targeting: Implementing and Monitoring Inflation Targets" by Lars Svensson http://www.nber.org/papers/w5797

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(574)

Darrell Duffie on the Fed's Balance Sheet and the Changing Financial System

Darrell Duffie on the Fed's Balance Sheet and the Changing Financial System

Darrell Duffie is the Adams Distinguished Professor of Management, Emeritus, and Professor of Finance, Emeritus, at the Stanford Graduate School of Business. He joins the program to discuss the challe...

2 Marras 58min

Patrick Harker on Real-Time Payments and the Future of the Federal Reserve

Patrick Harker on Real-Time Payments and the Future of the Federal Reserve

Patrick Harker is the Rowan Distinguished Professor, Professor of Operations, Information and Decisions at the Wharton School of the University of Pennsylvania, and the former president of the Philade...

26 Loka 56min

Christina Skinner on the Financial Stability Oversight Council and Central Bank Independence

Christina Skinner on the Financial Stability Oversight Council and Central Bank Independence

Christina Skinner is a legal and financial scholar at the University of Pennsylvania, a former Bank of England official, and recently stepped down from her role as deputy assistant secretary in the FS...

19 Loka 56min

John Rolle on The Bahamas' Fixed Exchange Rate and the First Nationwide Central Bank Digital Currency

John Rolle on The Bahamas' Fixed Exchange Rate and the First Nationwide Central Bank Digital Currency

John Rolle is governor of the Central Bank of The Bahamas and is the second sitting central bank governor to appear on Macro Musings. In his first appearance on the show, John joins the program to dis...

12 Loka 52min

George Selgin on the New Deal and the History of Banking Crises

George Selgin on the New Deal and the History of Banking Crises

George Selgin was a senior fellow and director emeritus at the Center for Monetary and Financial Alternatives at the Cato Institute and professor emeritus of economics at the University of Georgia. Ge...

5 Loka 54min

Erik Thedéen on QE, Central Bank Independence, and Digital Payments

Erik Thedéen on QE, Central Bank Independence, and Digital Payments

Erik Thedéen is governor of Sweden's Riksbank, the world's oldest central bank, Chairman of the Executive Board, and the first sitting central bank governor to appear on Macro Musings. In his first ap...

28 Syys 53min

Ellen Correia Golay on All-to-All Trading and Treasury Market Liquidity

Ellen Correia Golay on All-to-All Trading and Treasury Market Liquidity

Ellen Correia Golay is a lead Treasury advisor in the markets group at the Federal Reserve Bank of New York. Ellen returns to the program to discuss the lessons of the March 2020 "dash for cash," how ...

21 Syys 47min

Nellie Liang on Stablecoins After GENIUS, Private Money, and the Global Dollar

Nellie Liang on Stablecoins After GENIUS, Private Money, and the Global Dollar

Nellie Liang is a former Treasury and Federal Reserve official and a senior fellow at the Brookings Institution. In Nellie's first appearance on the show, she discusses the future of stablecoins follo...

14 Syys 50min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
vallattomat
mimmit-sijoittaa
rss-rahapodi
rss-oivalluksia-rahasta-elamasta
psykopodiaa-podcast
rss-sami-miettinen-neuvottelija
rss-inderes
rss-laakispodi
ostan-asuntoja-podcast
yrittaja
leadcast
rss-paasipodi
rss-pelastetaan-strategia
rss-hereilla
rss-yritys-ja-erehdys
rss-porssipodi
rss-rahamania
rss-tarkeista-asioista-2
rss-40-ajatusta-aanesta