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, stagnation traps, endogenous growth, aggregate demand policies, the medium run, population growth and much more.

Check out the transcript for this week's episode, now with links.

Recorded on April 23th, 2025

Subscribe to David's Substack: Macroeconomic Policy Nexus

Follow David Beckworth on X: @DavidBeckworth

Follow the show on X: @Macro_Musings

Follow Luca on X: @LucaFornaro3

Check out our new AI chatbot: the Macro Musebot!

Join the new Macro Musings Discord server!

Join the Macro Musings mailing list!

Check out our Macro Musings merch!

Subscribe to David's new BTS YouTube Channel

Timestamps:

(00:00:00) – Intro

(00:00:51) – Luca's Background

(00:03:19) – Hysteresis

(00:7:23) – Why Talk About Hysteresis Now?

(00:10:55) – Stagnation Trap

(00:16:07) – The Medium Run

(00:22:25) – Managing Expectations with Automatic Stabilizers

(00:28:48) – What About Population Growth?

(00:31:47) – The Empirical Side

(00:39:24) – Directing Capital Flows

(00:42:30) – The Scars of Supply Shocks

(00:48:57) – The Nominal GDP Targeting Solution

(00:51:28) – Fiscal Stagnation

(00:59:21) – Outro

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(566)

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

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 Sep 55min

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

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 Aug 1h 9min

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

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 Aug 57min

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

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 Aug 55min

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

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 Aug 54min

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

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 Aug 58min

David Wessel on the Fed's Current Inflection Point

David Wessel on the Fed's Current Inflection Point

David Wessel is a senior fellow in economic studies at Brookings and is the director of the Hutchins Center on Fiscal and Monetary Policy. In David's first appearance on the show, he discusses stories...

27 Jul 55min

Sam Lyman on the Digital Payments Race Between the US and China

Sam Lyman on the Digital Payments Race Between the US and China

Sam Lyman is the head of research at the Bitcoin Policy Institute and formerly was a senior advisor and speechwriter for Treasury Secretary Bessent. In Sam's first appearance on the show, he discusses...

20 Jul 58min

Populært innen Business og økonomi

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