05 - Miles Kimball on Negative Interest Rates, Equity Requirements, and Schools of Thought in Macro
Miles Kimball, professor of economics at the University of Michigan and blogger at "Confessions of a Supply-Side Liberal," joins the show to discuss negative interest rates. Kimball explains how the natural rate of interest can go below zero and why central banks should act accordingly. He also makes the case for higher equity requirements for financial institutions. David's blog: macromarketmusings.blogspot.com Miles Kimball's blog: http://blog.supplysideliberal.com/ David's Twitter: https://twitter.com/DavidBeckworth Miles Kimball's Twitter: https://twitter.com/mileskimball Links from today's show: http://blog.supplysideliberal.com/post/56311827170/the-medium-run-natural-interest-rate-and-the https://www.imf.org/external/pubs/ft/wp/2015/wp15224.pdf https://dl.dropboxusercontent.com/u/19721014/National%20Institute%20Economic%20Review-2015-Kimball-R5-R14.pdf http://bankersnewclothes.com/
9 Touko 201659min
04 - Cardiff Garcia on Economics Journalism, Safe Assets, and Inflation
Cardiff Garcia, the US editor of the Financial Times blog, Alphaville, discusses the world of economics journalism, the 2008 crisis, and current monetary policy, both in the United States and abroad. He also shares his thoughts on the demand for so-called "safe assets" in a time of crisis and the difficulties of inflation-targeting. David's blog: http://macromarketmusings.blogspot.com/ http://ftalphaville.ft.com/ David's Twitter: https://twitter.com/DavidBeckworth Cardiff's Twitter: https://twitter.com/CardiffGarcia
2 Touko 20161h 1min
03 - John Cochrane on Finance, the Fiscal Theory of the Price Level, and Blogging
In this episode, John Cochrane, senior fellow at the Hoover Institution and blogger at The Grumpy Economist, discusses his journey into economics and finance with host David Beckworth. They also discuss the controversial fiscal theory of the price level, which argues that fiscal policy, not monetary policy set by central banks, primarily determines inflation. David's blog: http://macromarketmusings.blogspot.com/ John Cochrane's blog: http://johnhcochrane.blogspot.com/ John Cochrane's Twitter: https://twitter.com/JohnHCochrane Links from today's conversation: http://faculty.chicagobooth.edu/john.cochrane/research/papers/Campbell_Cochrane_By_Force_of_Habit_(JPE).pdf http://faculty.chicagobooth.edu/john.cochrane/research/papers/New_Structure.pdf http://isites.harvard.edu/fs/docs/icb.topic500592.files/sargent%20wallace.pdf
25 Huhti 201657min
02 - John Taylor on the Taylor Rule, the 2008 Crisis, and Fed Reform
John Taylor of Stanford University and the Hoover Institution joins host David Beckworth to discuss Taylor's famous monetary rule for central banks in setting interest rates in response to changes in inflation and output. They discuss how Taylor discovered the rule and how it has performed over time. Taylor also shares his thoughts for improving current Federal Reserve policy. David's blog: http://macromarketmusings.blogspot.com John Taylor's blog: http://economicsone.com/ Links from today's conversation: http://web.stanford.edu/~johntayl/Papers/Discretion.PDF http://www.federalreserve.gov/newsevents/speech/yellen20120606a.htm http://www.hoover.org/sites/default/files/research/docs/jmcb_lecture.pdf http://www.hoover.org/press-releases/hoover-press-getting-track-how-government-actions-and-interventions-caused-prolonged https://huizenga.house.gov/uploadedfiles/3189.fed.reform.section.by.section.pdf
18 Huhti 201656min
01 - Scott Sumner on *The Midas Paradox*, the Fed, and More
Welcome to Macro Musings, a new podcast exploring the important macroeconomic issues of the past, present, and future. In the inaugural episode, Scott Sumner joins host David Beckworth to talk about Scott's new book *The Midas Paradox*, which advances a bold new explanation of what caused the Great Depression. They also discuss Scott's path into macro and monetary economics as well as what the Fed got wrong in 2008. David's blog: http://macromarketmusings.blogspot.com Scott's blog: http://www.themoneyillusion.com/ Links from today's conversation: http://www.amazon.com/The-Midas-Paradox-Government-Depression/dp/1598131508 http://www.nytimes.com/2016/01/27/opinion/subprime-reasoning-on-housing.html?_r=0
31 Maalis 201655min
