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

Jaksot(543)

Aditi Sahasrabuddhe on the Role Central Banker Relationships Play in Economic Crises

Aditi Sahasrabuddhe on the Role Central Banker Relationships Play in Economic Crises

Aditi Sahasrabuddhe is a political scientist at Brown University and the author of the new book, Banker's Trust: How Social Relations Avert Global Financial Collapse. In Aditi's first appearance on th...

18 Elo 202559min

Will Luther and Josh Hendrickson on the Future of Bitcoin

Will Luther and Josh Hendrickson on the Future of Bitcoin

Will Luther is an associate professor of economics at Florida Atlantic University and a fellow at the Bitcoin Policy Institute. Josh Hendrickson is a professor of economics and the chair of the econom...

11 Elo 202551min

Rashad Ahmed on the Global Impact of US Stablecoin Regulation and Crypto Adoption

Rashad Ahmed on the Global Impact of US Stablecoin Regulation and Crypto Adoption

Rashad Ahmed is a former Treasury and Office of the Comptroller of the Currency financial economist and is currently an economist at the upstart Andresen Institute for Finance and Economics. In Rashad...

4 Elo 202557min

Paul Kupiec on Problems with the Fed's Balance Sheet and Calls to End Interest on Reserves

Paul Kupiec on Problems with the Fed's Balance Sheet and Calls to End Interest on Reserves

Paul Kupiec is a senior fellow at the American Enterprise Institute. In Paul's first appearance on the show, he discusses life at a think tank, the insolvency of the Fed, theories on how to fix the Fe...

28 Heinä 202550min

George Hall on the Fiscal Consequences of the US War on COVID

George Hall on the Fiscal Consequences of the US War on COVID

Check out David's Substack: Macroeconomic Policy Nexus for a special 500th episode post! George Hall is a professor of economics at Brandeis University and formerly worked as an economist at the Chic...

21 Heinä 202552min

Ben Harris on the Fiscal Health of the US Government

Ben Harris on the Fiscal Health of the US Government

Ben Harris served in numerous high-ranking roles as a public sector economist and is now the vice president and director of economic studies at the Brooking Institution. In Ben's first appearance on t...

14 Heinä 202555min

Luis Garicano on the Future of Digital Money and Lessons Learned from the History of the Euro

Luis Garicano on the Future of Digital Money and Lessons Learned from the History of the Euro

Luis Garicano is a former member of the European Parliament and a professor at the London School of Economics. In Luis's first appearance on the show he discusses his new book, Crisis Cycle: Challenge...

7 Heinä 202556min

Mark Blyth on the Winners and Losers from Inflation

Mark Blyth on the Winners and Losers from Inflation

Mark Blyth is a professor of international economics at Brown University. In Mark's first appearance on the show, he discusses his new book Inflation: A Guide for Users and Losers, the concept of angr...

30 Kesä 20251h 2min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
herrasmieshakkerit
rss-rahamania
ostan-asuntoja-podcast
leadcast
rss-lahtijat
rss-seuraava-potilas
rss-merja-mahkan-rahat
rss-40-ajatusta-aanesta
rahapuhetta
rss-porssipuhetta
rss-vaikuttavan-opettajan-vierella
rss-bisnesta-bebeja
rss-paatos-podcast-suomen-kovimmat-paatoksentekijat-2
rss-bisneksen-pehmea-puoli
rss-levosta-kasin-yrittajyys
rss-ma