David Wilcox on the Debt Ceiling Crisis and the Crippling Costs of Default

David Wilcox on the Debt Ceiling Crisis and the Crippling Costs of Default

David Wilcox is a non-resident senior fellow at the Peterson Institute for International Economics and is the Director of Economic Research at Bloomberg Economics. Previously, David served for many years on the staff of the Federal Reserve Board, as deputy director from 2001 to 2011 and as director from 2011 to 2018 of the Division of Research and Statistics. In the latter role, he functioned as the chief economist of the division, a senior advisor to three successive chairs of the board, and the division leader for strategic direction as well as chief manager. David joins Macro Musings to talk about a recent article he wrote titled, *The Cost of the US Going Over the Fiscal Cliff is Trauma, Then Unending Pain.* David and David also discuss the debt ceiling issue more broadly, including the severity and timing of a technical default, the two big economic shocks that would result from a default, the possible solutions to pursue in the face of the this debacle, and more.

Transcript for the episode can be found here.

David Wilcox's Twitter: @D_W_Wilcox

David Wilcox's PIIE profile

David Beckworth's Twitter: @DavidBeckworth

Follow us on Twitter: @Macro_Musings

Click here for the latest Macro Musings episodes sent straight to your inbox!

Check out our new Macro Musings merch here!

Related Links:

*The Cost of US Going Over Fiscal Cliff Is Trauma Then Unending Pain* by David Wilcox

*Fiscal Policy Under Low Interest Rates* by Olivier Blanchard

*Mint the Coin? Buy Back Bonds? 7 'Gimmicks' for Dodging the Debt Limit* by Jeff Stein

Episoder(542)

Andy Levin on the Importance of an Independent Inspector General at the Federal Reserve - BONUS

Andy Levin on the Importance of an Independent Inspector General at the Federal Reserve - BONUS

Andy Levin is an advisor to many central banks around the world and professor of economics at Dartmouth College. Andy returns to the show for a special bonus episode to discuss his pervious appearance...

19 Jun 202520min

Matthew Pines on the Future of Money, AI, and Monetary Policy

Matthew Pines on the Future of Money, AI, and Monetary Policy

Sign up for the Bitcoin Policy Summit with our special Macro Musings Discount Code! Matthew Pines is the executive director of the Bitcoin Policy institute. Matthew returns to the show to discuss the...

16 Jun 202553min

Peter Conti-Brown and Sean Vanatta on the History of Bank Supervision in America

Peter Conti-Brown and Sean Vanatta on the History of Bank Supervision in America

Peter Conti-Brown is a historian and legal scholar of the Federal Reserve System, and an associate professor at the Wharton School of Business at the University of Pennsylvania. Sean Vanatta is a seni...

9 Jun 20251h 3min

George Selgin on Contextualizing the Great Depression and its Implications on Monetary Policy Today

George Selgin on Contextualizing the Great Depression and its Implications on Monetary Policy Today

George Selgin is a senior fellow and director emeritus at the Center for Monetary and Financial Alternatives at the Cato Institute, as well as the author of the new book titled False Dawn: The New Dea...

2 Jun 20251h 12min

Daniel Bunn on Fiscal Issues Currently Facing the US Government

Daniel Bunn on Fiscal Issues Currently Facing the US Government

Daniel Bunn is the president and CEO of the Tax Foundation. In Daniel's first appearance on the show, he discusses the history of tax models, the threat that tariffs make to the US economy, where we c...

26 Mai 202549min

Luca Fornaro on Hysteresis, Endogenous Growth, and Aggregate Demand Policies

Luca Fornaro on Hysteresis, Endogenous Growth, and Aggregate Demand Policies

Luca Fornaro is a senior researcher at CREI and professor at both UPF and the Barcelona School of Economics. In Luca's first appearance on the show, he discusses his expansive work on, hysteresis, sta...

19 Mai 20251h

Adam Ozimek on Reforming the High-Skilled Immigration Process

Adam Ozimek on Reforming the High-Skilled Immigration Process

Adam Ozimek is the Chief Economist at the Economic Innovation Group. Adam returns to the show to discuss the importance of reforming the high-skilled immigration process, the main bottlenecks with our...

12 Mai 202559min

Skanda Amarnath on the Future of the Federal Reserve and its Framework

Skanda Amarnath on the Future of the Federal Reserve and its Framework

Skanda Amarnath is the executive director of Employ America. Skanda returns to the show to discuss the standing of Humphrey's Executor, the prospects for the Fed's Framework Review, the case for NGDP ...

5 Mai 202559min

Populært innen Business og økonomi

lydartikler-fra-aftenposten
stopp-verden
dine-penger-pengeradet
e24-podden
rss-penger-polser-og-politikk
rss-borsmorgen-okonominyhetene
livet-pa-veien-med-jan-erik-larssen
pengepodden-2
finansredaksjonen
pengesnakk
tid-er-penger-en-podcast-med-peter-warren
stormkast-med-valebrokk-stordalen
utbytte
morgenkaffen-med-finansavisen
liberal-halvtime
okonomiamatorene
rss-politisk-preik
rss-markedspuls-2
lederpodden
rss-sunn-okonomi