99 – Edward Nelson on Money, its Role within Monetary Policy, and the Monetarist Legacy

99 – Edward Nelson on Money, its Role within Monetary Policy, and the Monetarist Legacy

Ed Nelson is a senior advisor at the Federal Reserve Board of Governors and formerly worked at the St. Louis Federal Reserve Bank and the Bank of England. Today, he joins the show to discuss his research on the role of money in business cycles. David and Ed also discuss nominal income targeting, Milton's Friedman's influence on monetary economics, and Australia's successful monetary policy performance. [To sign-up for Mercatus' NGDP prediction market, go to get.mercatus.org/ngdppredictions/. Just answer a few simple questions, and you'll receive an email invitation to start forecasting!] David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth Ed's Federal Reserve profile: https://www.federalreserve.gov/econres/edward-nelson.htm Related Links: *Tobin's Imperfect Asset Substitution in Optimizing General Equilibrium* by Javier Andrés, J. David López-Salido, and Edward Nelson https://pdfs.semanticscholar.org/46d3/a4a1f1b5a6b08158f06edd6c7122fbc23c7f.pdf *Nominal GDP Targeting and the Taylor Rule on an Even Playing Field* by David Beckworth and Josh Hendrickson https://www.mercatus.org/publications/nominal-GDP-targeting-taylor-rule

Jaksot(546)

26 – Andy Levin on Federal Reserve Reform

26 – Andy Levin on Federal Reserve Reform

Andrew Levin is a professor of economics at Dartmouth College and a former Federal Reserve Board economist. For two years, he worked as a special adviser to Chairman Ben Bernanke and Vice Chair Janet ...

3 Loka 201657min

25 - Morgan Ricks on *The Money Problem,* Financial Regulation, and Shadow Banking

25 - Morgan Ricks on *The Money Problem,* Financial Regulation, and Shadow Banking

Morgan Ricks is a law professor at Vanderbilt University and an expert on financial regulation. From 2009-2010, he was a senior policy adviser at the U.S. Treasury Department where he focused on finan...

26 Syys 201658min

24 - Ryan Avent on *The Wealth of Humans,* Job Automation, and Globalization

24 - Ryan Avent on *The Wealth of Humans,* Job Automation, and Globalization

Ryan Avent is an economics columnist for The Economist and author of the new book, The Wealth of Humans: Work, Power, and Status in the Twenty-First Century. He joins the show to discuss his new book,...

19 Syys 20161h 2min

23 - Michael Bordo on Anna Schwartz, Financial Crises, and Life as a Monetary Historian

23 - Michael Bordo on Anna Schwartz, Financial Crises, and Life as a Monetary Historian

Michael D. Bordo is a professor of economics and the director of the Center for Monetary and Financial History at Rutgers University, a Distinguished Visiting Fellow at the Hoover Institution, and a r...

12 Syys 20161h 2min

22 - Peter Ireland on the Chicago School, Federal Reserve Policy Targets, and Monetary Aggregates

22 - Peter Ireland on the Chicago School, Federal Reserve Policy Targets, and Monetary Aggregates

Peter Ireland is the Murray and Monti Professor of Economics at Boston College, a research associate at the National Bureau of Economic Research, and a member of the Shadow Open Market Committee. He j...

5 Syys 20161h 1min

21 – Hugh Rockoff on Optimal Currency Areas, "Yellowbacks," and Free Banking

21 – Hugh Rockoff on Optimal Currency Areas, "Yellowbacks," and Free Banking

Hugh Rockoff is a professor of economics at Rutgers University and has done extensive work in U.S. monetary history. He joins the show to discuss the criteria for an ideal monetary union and argues th...

29 Elo 20161h

20 - Douglas Irwin on Free Trade, the Gold Standard, and American Economic History

20 - Douglas Irwin on Free Trade, the Gold Standard, and American Economic History

Douglas Irwin, professor of economics at Dartmouth College and author of Free Trade Under Fire (Princeton University Press, 2015), joins the show to discuss the economic arguments for free trade and t...

22 Elo 201657min

19 - Nick Rowe on Monetary Basics, Milton Friedman's Thermostat, and More

19 - Nick Rowe on Monetary Basics, Milton Friedman's Thermostat, and More

Nick Rowe is a professor of economics at Carleton University in Ottawa, a member of the CD Howe Institute's Monetary Policy Council and of Carlton University's Centre for Monetary and Financial Econom...

15 Elo 201659min

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