Bill Nelson on the Future of Central Bank Operating Systems

Bill Nelson on the Future of Central Bank Operating Systems

Bill Nelson is a Chief economist and an executive vice president at the Bank Policy Institute. Bill returns to the show to discuss the changes at many central banks around the world from a supply-driven floor system to a demand-driven floor system and how the Fed has been resistant to this change.

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

Recorded on March 6th, 2025

Subscribe to David's Substack: Macroeconomic Policy Nexus

Follow David Beckworth on X: @DavidBeckworth

Follow the show on X: @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!

Subscribe to David's new BTS YouTube Channel

Timestamps:

(00:00:00) – Intro

(00:01:35) – Trend Toward a Demand-Driven Ceiling System

(00:07:32) – Will the Fed Follow Suit?

(00:13:11) – Bank of England's New Policy Implementation Framework

(00:21:33) – Bill's Suggestions for the Fed's Implementation Framework

(00:39:18) – Responding to Lorie's Case for the Floor System

(00:59:11) – Outro

Avsnitt(547)

27 - Claudio Borio on Financial Stability, the Triffin Dilemma, and International Monetary Policy

27 - Claudio Borio on Financial Stability, the Triffin Dilemma, and International Monetary Policy

Claudio Borio is the director of the monetary and economic department at the Bank for International Settlements (BIS). He joins the show to discuss his career in monetary policy, banking, and macropru...

10 Okt 20161h 5min

26 – Andy Levin on Federal Reserve Reform

26 – Andy Levin on Federal Reserve Reform

Andrew Levin is a professor of economics at Dartmouth College and a former Federal Reserve Board economist. For two years, he worked as a special adviser to Chairman Ben Bernanke and Vice Chair Janet ...

3 Okt 201657min

25 - Morgan Ricks on *The Money Problem,* Financial Regulation, and Shadow Banking

25 - Morgan Ricks on *The Money Problem,* Financial Regulation, and Shadow Banking

Morgan Ricks is a law professor at Vanderbilt University and an expert on financial regulation. From 2009-2010, he was a senior policy adviser at the U.S. Treasury Department where he focused on finan...

26 Sep 201658min

24 - Ryan Avent on *The Wealth of Humans,* Job Automation, and Globalization

24 - Ryan Avent on *The Wealth of Humans,* Job Automation, and Globalization

Ryan Avent is an economics columnist for The Economist and author of the new book, The Wealth of Humans: Work, Power, and Status in the Twenty-First Century. He joins the show to discuss his new book,...

19 Sep 20161h 2min

23 - Michael Bordo on Anna Schwartz, Financial Crises, and Life as a Monetary Historian

23 - Michael Bordo on Anna Schwartz, Financial Crises, and Life as a Monetary Historian

Michael D. Bordo is a professor of economics and the director of the Center for Monetary and Financial History at Rutgers University, a Distinguished Visiting Fellow at the Hoover Institution, and a r...

12 Sep 20161h 2min

22 - Peter Ireland on the Chicago School, Federal Reserve Policy Targets, and Monetary Aggregates

22 - Peter Ireland on the Chicago School, Federal Reserve Policy Targets, and Monetary Aggregates

Peter Ireland is the Murray and Monti Professor of Economics at Boston College, a research associate at the National Bureau of Economic Research, and a member of the Shadow Open Market Committee. He j...

5 Sep 20161h 1min

21 – Hugh Rockoff on Optimal Currency Areas, "Yellowbacks," and Free Banking

21 – Hugh Rockoff on Optimal Currency Areas, "Yellowbacks," and Free Banking

Hugh Rockoff is a professor of economics at Rutgers University and has done extensive work in U.S. monetary history. He joins the show to discuss the criteria for an ideal monetary union and argues th...

29 Aug 20161h

20 - Douglas Irwin on Free Trade, the Gold Standard, and American Economic History

20 - Douglas Irwin on Free Trade, the Gold Standard, and American Economic History

Douglas Irwin, professor of economics at Dartmouth College and author of Free Trade Under Fire (Princeton University Press, 2015), joins the show to discuss the economic arguments for free trade and t...

22 Aug 201657min

Populärt inom Business & ekonomi

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