Carola Binder on the History of Inflation, the Fed Framework Review, and the Promise of Nominal GDP Targeting

Carola Binder on the History of Inflation, the Fed Framework Review, and the Promise of Nominal GDP Targeting

Carola Binder is an associate professor of civic leadership and economics at the University of Texas at Austin, and she is the author of a new book titled, *Shock Values: Prices and Inflation in American Democracy.* Carola is also a returning guest to the podcast, and she rejoins David on Macro Musings to talk about this book and some recent work she has done on the Fed's framework review. David and Carola specifically discuss the history of inflation in the US, the advantages of adopting a nominal GDP targeting regime, what to expect from the Fed's upcoming framework review, and more.

Transcript for this week's episode.

Carola's Twitter: @cconces

Carola's website

David Beckworth's Twitter: @DavidBeckworth

Follow us on Twitter: @Macro_Musings

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!

Related Links:

*Shock Values: Prices and Inflation in American Democracy* by Carola Binder

*Why Do We Dislike Inflation?* by Stefanie Stantcheva

Timestamps:

(00:00:00) – Intro

(00:03:42) – *Nominal GDP Targeting: Lessons from Recent History*

(00:12:18) – NGDP Level Targeting: Looking Through Supply Shocks and Policy Communication

(00:17:16) – *Shock Values: Prices and Inflation in American Democracy*

(00:21:44) – The History of Inflation and Deflation in the US

(00:30:30) – Key Lessons from the Revolutionary War and Civil War Periods

(00:35:37) – The Impact of Price Controls During World War II

(00:40:42) – The Emergence of Price Stability: From the Great Inflation Period to the Present

(00:46:24) – The Direction of the Fed's Framework Review

(00:49:22) – Outro

Avsnitt(546)

Emilio Ocampo on Dollarization and the State of the Argentine Economy

Emilio Ocampo on Dollarization and the State of the Argentine Economy

Emilio Ocampo is a professor of finance and economic history at UCEMA. He has written widely on the Argentine economy and has advised President Javier Milei on economic policy. Emilio joins David on M...

14 Okt 202459min

Jonathon Hazell on the Costs and Causes of Inflation and the Phillips Curve Debate

Jonathon Hazell on the Costs and Causes of Inflation and the Phillips Curve Debate

Jonathon Hazell is an assistant professor of economics at the London School of Economics and is a returning guest to the podcast. He rejoins David on Macro Musings to talk about the costs of inflation...

7 Okt 202455min

Thomas Drechsel on the Effects of Political Pressure and Identifying Monetary Policy Shocks

Thomas Drechsel on the Effects of Political Pressure and Identifying Monetary Policy Shocks

Thomas Drechsel is an assistant professor of economics at the University of Maryland. He joins David on Macro Musings to talk about the political pressure on the Fed and the new ways to measure moneta...

30 Sep 20241h

Matthew Pines on the Geopolitical and National Security Implications of Cryptocurrency Adoption

Matthew Pines on the Geopolitical and National Security Implications of Cryptocurrency Adoption

Matthew Pines is the director of intelligence for SentinelOne Strategic Advisory Group and is a veteran of the national security world. Matthew is also the author of several papers on cryptocurrencies...

23 Sep 202458min

Travis Hill on the Discount Window, Receivership Funding, and Financial Tokenization

Travis Hill on the Discount Window, Receivership Funding, and Financial Tokenization

Travis Hill is the Vice Chairman of the FDIC Board of Directors, and he joins David on Macro Musings to talk about discount window and bank liquidity, receivership funding, and the tokenization of fin...

16 Sep 202455min

Catherine Pakaluk on *Hannah's Children: The Women Quietly Defying the Birth Dearth*

Catherine Pakaluk on *Hannah's Children: The Women Quietly Defying the Birth Dearth*

Catherine Pakaluk is an Associate Professor of Social Research and Economic Thought at the Bush School of Business at the Catholic University of America. Catherine is also the author of a new book tit...

9 Sep 202457min

Stephen Miran on Activist Treasury Issuance and the Monetary Policy Implications of a Second Trump Term

Stephen Miran on Activist Treasury Issuance and the Monetary Policy Implications of a Second Trump Term

Stephen Miran is a former senior advisor to the US Treasury Department, a senior strategist at Hudson Bay Capital, and a fellow at the Manhattan Institute. Stephen is also a returning guest to the pod...

2 Sep 202449min

Populärt inom Business & ekonomi

framgangspodden
varvet
rss-jossan-nina
rss-svart-marknad
svd-tech-brief
rss-borsens-finest
badfluence
avanzapodden
uppgang-och-fall
bathina-en-podcast
fill-or-kill
rss-inga-dumma-fragor-om-pengar
rss-dagen-med-di
lastbilspodden
24fragor
tabberaset
rss-kort-lang-analyspodden-fran-di
kapitalet-en-podd-om-ekonomi
rss-veckans-trade
borsmorgon