Macro Musings with David Beckworth8 Maalis 2021

Saule Omarova on Emergency Fiscal Facilities and the Missing Architecture of Government Finance

Saule Omarova is a professor of law and the director of the Jack Clarke Program on the Law and Regulation of Financial Institutions and Markets at Cornell University. Saule joins Macro Musings to talk about the prospects of an emergency fiscal facility, as well as a broader vision for a National Investment Authority. Specifically, Saule and David discuss the need for a third public finance agency, what the mandate of such an authority would be, and how the agency would be structured and held accountable. Saule also answers common objections to her vision such as the potential institutional redundancies, as well as how to prevent cronyism and excessive politicization.

Transcript for the episode can be found here.

Saule's Twitter: @STOmarova

Saule's Cornell profile: https://www.lawschool.cornell.edu/faculty/bio_saule_omarova.cfm

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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 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

Stephen Miran on Regulatory Dominance, Shrinking the Fed's Balance Sheet, and the Return of Monetarism

Stephen Miran is a former governor of the Federal Reserve, a former chairman of the Council of Economic Advisers under President Donald J. Trump, and currently a senior strategist for Hudson Bay Capit...

7 Syys 55min

Donald Kohn on the Fed's Past, Present, and Future

Donald Kohn is a 40-year veteran of the Federal Reserve System and a senior fellow in the Economic Studies program at the Brookings Institution. Don returns to the program to discuss the lessons of th...

31 Elo 1h 9min

Ben Harris on AI, Fiscal Sustainability, and the Resilience of the U.S. Economy

Ben Harris is vice president and director of economic studies at the Brookings Institution and previously served in senior economic policy roles at the Treasury Department and Council of Economic Advi...

24 Elo 57min

Bill Nelson on Shrinking the Fed's Balance Sheet and Reviving Interbank Markets

Bill Nelson is chief research officer and chief economist at the Bank Policy Institute and a former deputy director of the Division of Monetary Affairs at the Federal Reserve Board. In Bill's 11th app...

17 Elo 55min

Gianluca Benigno on Central Bank Balance Sheets, Stablecoins, and Nonlinear Inflation

Gianluca Benigno is a professor of economics at the University of Lausanne. Previously, he was a senior economist at the Federal Reserve Bank of New York and an economist at the Bank of England. Gianl...

10 Elo 54min

Barry Eichengreen, Paul Blustein, and Brendan Greeley on Dollar Dominance

Barry Eichengreen is a is well known author, economist, and economic historian from the University of California, Berkeley. Paul Blustein is a former Washington Post and Wall Street Journal journalist...

3 Elo 58min