99 – Edward Nelson on Money, its Role within Monetary Policy, and the Monetarist Legacy

99 – Edward Nelson on Money, its Role within Monetary Policy, and the Monetarist Legacy

Ed Nelson is a senior advisor at the Federal Reserve Board of Governors and formerly worked at the St. Louis Federal Reserve Bank and the Bank of England. Today, he joins the show to discuss his research on the role of money in business cycles. David and Ed also discuss nominal income targeting, Milton's Friedman's influence on monetary economics, and Australia's successful monetary policy performance. [To sign-up for Mercatus' NGDP prediction market, go to get.mercatus.org/ngdppredictions/. Just answer a few simple questions, and you'll receive an email invitation to start forecasting!] David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth Ed's Federal Reserve profile: https://www.federalreserve.gov/econres/edward-nelson.htm Related Links: *Tobin's Imperfect Asset Substitution in Optimizing General Equilibrium* by Javier Andrés, J. David López-Salido, and Edward Nelson https://pdfs.semanticscholar.org/46d3/a4a1f1b5a6b08158f06edd6c7122fbc23c7f.pdf *Nominal GDP Targeting and the Taylor Rule on an Even Playing Field* by David Beckworth and Josh Hendrickson https://www.mercatus.org/publications/nominal-GDP-targeting-taylor-rule

Episoder(546)

50 - Steve Hanke on Hyperinflations

50 - Steve Hanke on Hyperinflations

Steve Hanke is a professor of applied economics and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore...

27 Mar 20171h 3min

49 - Jeffrey Frankel on Recession-Dating, the Plaza Accords, and Globalization

49 - Jeffrey Frankel on Recession-Dating, the Plaza Accords, and Globalization

Jeffrey Frankel is a professor and economist at Harvard University and the director of the Program in International Finance and Macroeconomics at the National Bureau of Economic Research (NBER). He jo...

20 Mar 20171h

48 - Jason Furman on Fiscal Stimulus, the Platinum Coin, and Male Labor Force Participation

48 - Jason Furman on Fiscal Stimulus, the Platinum Coin, and Male Labor Force Participation

Jason Furman is a senior fellow at the Peterson Institute for International Economics. Previously, he served as the Chairman of the Council of Economic Advisers under President Obama. He joins the sho...

13 Mar 201759min

47 – Larry White on India's Demonetization and Austrian Macroeconomics

47 – Larry White on India's Demonetization and Austrian Macroeconomics

Larry White is a professor of economics at George Mason University and has written widely on monetary theory, free banking, and the Austrian School of Economics. Today, he joins the show to discuss th...

6 Mar 201758min

46 – Tim Duy on the Art of Fed Watching and the Future of U.S. Monetary Policy

46 – Tim Duy on the Art of Fed Watching and the Future of U.S. Monetary Policy

Tim Duy is a professor of economics at the University of Oregon and a widely read "Fed Watcher." Today, he joins the show to discuss writing on the Federal Reserve and how to interpret statements from...

27 Feb 20171h 2min

45 – Hester Peirce on *Reframing Financial Regulation*

45 – Hester Peirce on *Reframing Financial Regulation*

Hester Peirce is a Senior Research Fellow at the Mercatus Center at George Mason University and director of Mercatus' Financial Markets Working Group. She joins the show to discuss the new Mercatus bo...

20 Feb 201755min

44 - Sebastian Mallaby on Alan Greenspan's Legacy

44 - Sebastian Mallaby on Alan Greenspan's Legacy

Sebastian Mallaby is a senior fellow at the Council on Foreign Relations and a contributing columnist for the Washington Post. Today, he joins the show to discuss his new book, *The Man Who Knew: the ...

13 Feb 201758min

43 – Eswar Prasad on Chinese Monetary Policy – Past and Present

43 – Eswar Prasad on Chinese Monetary Policy – Past and Present

Eswar Prasad is the Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell University and a senior fellow at the Brookings Institution. He joins the show to discuss his new book...

6 Feb 20171h 2min

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