Bill Nelson on the Repo Market Stress, the Fed's Operating System, and the Prospects for a Standing Repo Facility

Bill Nelson on the Repo Market Stress, the Fed's Operating System, and the Prospects for a Standing Repo Facility

Bill Nelson is a chief economist at the Bank Policy Institute and was previously a deputy director of the Division of Monetary Affairs at the Federal Reserve Board, where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. Bill has written widely on the Fed's operating system, and he joins the show today to talk about it, as well as the recent turmoil in money markets. David and Bill also discuss the possibility of the Fed moving back to a corridor system, the stigma surrounding banks using the discount window, and the story of recent supply and demand dislocation in repo markets.

Transcript for the episode: https://www.mercatus.org/bridge/podcasts/10072019/bill-nelson-repo-market-stress-feds-operating-system-and-prospects-standing

Related Links:

Link to supply and demand curves mentioned in the episode: http://macromarketmusings.blogspot.com/2019/09/the-repo-man-cometh.html

*Two Little-Noticed and Self-Inflicted Causes of the Fed's Current Monetary Policy Implementation Predicament* by Bill Nelson

https://bpi.com/two-little-noticed-and-self-inflicted-causes-of-the-feds-current-monetary-policy-implementation-predicament/

*Fed at a Crossroads* by Bill Nelson

https://bpi.com/fed-at-a-crossroad/

*Bank Regulations and Turmoil in Repo Markets* by Francisco Covas & Bill Nelson

https://bpi.com/bank-regulations-and-turmoil-in-repo-markets/

*What Just Happened in Money Markets, and Why it Matters* by Bill Nelson

https://bpi.com/what-just-happened-in-money-markets-and-why-it-matters/

*Impending Money Market Volatility Prompts Warning Light for LCR Tune-Up* by Bill Nelson & Brett Waxman

https://bpi.com/impending-money-market-volatility-prompts-warning-light-for-lcr-tune-up/

*Design Challenges for a Standing Repo Facility* by Bill Nelson

https://bpi.com/design-challenges-for-a-standing-repo-facility/

*A Former Fed Insider Explains the Internal Debate over QE3* by Bill Nelson

https://ftalphaville.ft.com/2018/02/16/2198845/guest-post-a-former-fed-insider-explains-the-internal-debate-over-qe3/

*Get Up Off The Floor* By Bill Nelson

https://www.hoover.org/sites/default/files/research/docs/cochranepalermotaylor_currencies_ch9.pdf

*FOMC Go Home* by Bill Nelson

https://bpi.com/fomc-go-home/

*Understanding the Fed's Implementation Framework Debate* by Bill Nelson

https://bpi.com/wp-content/uploads/2018/11/Understanding_the_Fed's_implementation_framework_debate_Review05.pdf

David's blog: macromarketmusings.blogspot.com
David's Twitter: @DavidBeckworth

Jaksot(541)

Neha Narula, Anders Brownworth, and Daniel Aronoff on Understanding Stablecoins in the GENIUS Era

Neha Narula, Anders Brownworth, and Daniel Aronoff on Understanding Stablecoins in the GENIUS Era

Subscribe to the new Macro Musings YouTube Channel! Neha Narula is the director of the Digital Currency Initiative which is based out of the Media Lab at MIT. Anders Brownworth is veteran software en...

16 Maalis 57min

Jesús Fernández-Villaverde on the Quandary of Global Demographic Decline

Jesús Fernández-Villaverde on the Quandary of Global Demographic Decline

Subscribe to the new Macro Musings YouTube Channel! Jesús Fernández-Villaverde is a professor of economics at the University of Pennsylvania. Jesús returns to the show to discuss his rise on X, how t...

9 Maalis 1h 4min

Chris Meissner on the History of Globalization

Chris Meissner on the History of Globalization

Subscribe to the new Macro Musings YouTube Channel! Chris Meissner is a professor of economics at University of California at Davis and is the author of the recent book One from the Many: The Global...

2 Maalis 1h

Raghuram Rajan on the Impact of the Ratcheting Effect of The Fed's QE Program

Raghuram Rajan on the Impact of the Ratcheting Effect of The Fed's QE Program

Subscribe to the new Macro Musings YouTube Channel! Raghuram Rajan is a finance professor at the University of Chicago and leads the Group of 30. Previously he was the chief economist at the IMF and ...

23 Helmi 1h 1min

Andrew Martinez on the Art of Forecasting

Andrew Martinez on the Art of Forecasting

Andrew Martinez is a former Treasure economist and currently is an assistant professor of economics at American University. In Andrew's first appearance on the show, he discusses his career as a forec...

16 Helmi 55min

Dan Awrey on the Future of the U.S. Payments System in a Digital World

Dan Awrey on the Future of the U.S. Payments System in a Digital World

Dan Awrey is a professor of Law at Cornell University and the author of the new book Beyond Banks: Technology, Regulation, and the Future of Money. Dan returns to the show to discuss his new book, the...

9 Helmi 56min

Scott Sumner on Monetary Policy Confusion in Our Current Policy Debates

Scott Sumner on Monetary Policy Confusion in Our Current Policy Debates

Scott Sumner is the Ralph G. Hawtrey Chair Emeritus of Monetary Policy and the founder of the Monetary Policy Program at Mercatus. Scott returns to the show, to discuss his life post Mercatus, nominal...

2 Helmi 1h 5min

Tyler Muir on How to Understand the Fed's Quantitative Easing

Tyler Muir on How to Understand the Fed's Quantitative Easing

Tyler Muir is a professor of finance at UCLA. In Tyler's first appearance on the show, he discusses how he became a leading scholar on quantitative easing, what things the Fed can learn in responding ...

26 Tammi 55min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
rss-rahamania
ostan-asuntoja-podcast
pomojen-suusta
rss-seuraava-potilas
rss-sisalto-kuntoon
taloudellinen-mielenrauha
rss-lahtijat
rss-20-30-40-podcast
rss-h-asselmoilanen
rss-bisnesta-bebeja
rss-karon-grilli
sijoituspodi
rss-startup-ministerio
rss-inspiroivat-naiset
rss-inderes
rss-siksi-viestinta