87 - Stephen Williamson on New Monetarism and Neo-Fisherism

87 - Stephen Williamson on New Monetarism and Neo-Fisherism

Stephen Williamson is a professor of economics at the University of Western Ontario and formerly served as a vice president at the Federal Reserve Bank of St. Louis. Today, Steve joins the show to discuss his work on "New Monetarism," a research agenda emerging out of the monetarist tradition associated with Milton Friedman. David and Steve also discuss "Neo-Fisherism," a counterintuitive view that higher interest rates may actually lead to higher inflation. David's blog: macromarketmusings.blogspot.com Macro Musings podcast site: macromusings.com David's Twitter: @DavidBeckworth Stephen Williamson's University of Western Ontario profile: http://economics.uwo.ca/people/faculty/williamson.html Stephen Williamson's blog "New Monetarism": http://newmonetarism.blogspot.com/ Stephen Williamson's Twitter: @1954swilliamson Related links: "New Monetarist Economics: Models* by Stephen D. Williamson and Randall Wright https://www.minneapolisfed.org/research/sr/sr443.pdf "Neo-Fisherism: A Radical Idea, or the Most Obvious Solution to the Low-Inflation Problem?" by Stephen D. Williamson https://www.stlouisfed.org/publications/regional-economist/july-2016/neo-fisherism-a-radical-idea-or-the-most-obvious-solution-to-the-low-inflation-problem *Macroeconomics* by Stephen D. Williamson https://www.amazon.com/Macroeconomics-5th-Stephen-D-Williamson/dp/0132991330

Episoder(542)

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06 - Ramesh Ponnuru on the Politics of Monetary Policy

National Review senior editor Ramesh Ponnuru discusses his adventure into monetary economics. He shares his thoughts on some of the current-day misconceptions surrounding Federal Reserve policy and ma...

16 Mai 201651min

05 - Miles Kimball on Negative Interest Rates, Equity Requirements, and Schools of Thought in Macro

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 n...

9 Mai 201659min

04 - Cardiff Garcia on Economics Journalism, Safe Assets, and Inflation

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. ...

2 Mai 20161h 1min

03 - John Cochrane on Finance, the Fiscal Theory of the Price Level, and Blogging

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 discu...

25 Apr 201657min

02 - John Taylor on the Taylor Rule, the 2008 Crisis, and Fed Reform

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 ...

18 Apr 201656min

01 - Scott Sumner on *The Midas Paradox*, the Fed, and More

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 S...

31 Mar 201655min

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