Hosted by David Beckworth of the Mercatus Center, Macro Musings pulls back the curtain on the important macroeconomic issues of the past, present, and future.
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
--------
59:53
Scott Lincicome on the Trump Trade War
Subscribe to David's Substack: Macroeconomic Policy Nexus Scott Lincicome is the vice president of general economics and trade at Cato. Scott returns to the program to discuss the past, present, and future of Trump’s trade war, the impact of tariffs on the US consumer, myths about globalization, the state of globalization worldwide, and much more. Check out the transcript for this week’s episode, now with links. Recorded on March 19th, 2025 Follow David Beckworth on X: @DavidBeckworth Follow Scott Lincicome on X: @ScottLincicome 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 (00:01:01) – Cato’s Trade Center (00:04:06) – Current State of Trump’s Trade War (00:14:09) – Trade War Strategy (00:20:48) – Break in the Globalization Trend (00:29:51) – Bilateral Trade Deficit View (00:54:01) – Comparative Advantage (01:00:30) – How to Support Free Trade (001:01:44) – Outro
--------
1:02:26
Lyman Stone on Demographic and Marriage Decline
Sign up for David's Substack: Macroeconomic Policy Nexus Lyman Stone is a demographer and the director of the Pronatalism Initiative at the Institute for Family Studies. In Lyman’s first appearance on the show, he discusses demographic and marriage decline, the fallacy in the thinking of degrowthers, the benefits of pronatalist policy, and much more. Check out the transcript for this week’s episode, now with links. Recorded on February 13th, 2025 Follow David Beckworth on X: @DavidBeckworth Follow Lyman Stone on X: @LymanStoneKY 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 (00:02:04) – Lyman Stone’s Career Path (00:04:54) – Demography as a Discipline (00:10:41) – Demographic Decline (00:15:28) – Decline of Marriage (00:32:24) – Degrowthers (00:43:15) – Possible Policy Solutions (00:54:50) – Outro
--------
55:31
Athanasios Orphanides on Real-Time Monetary Rules and their Impact on the Fed’s Framework Review
Sign up for David's Substack: Macroeconomic Policy Nexus Athanasios Orphanides is a professor at MIT, formerly served at the Federal Reverse for 15 years, and was the Governor of the Central Bank of Cyprus. In Athanasios’s first appearance of show he discussed real-time monetary policy rules, their implication on the Fed’s framework review, his natural growth target, and much more. Check out the transcript for this week’s episode, now with links. Recorded on February 18th, 2025 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) – Substack Announcement (00:00:49) – Intro (00:02:24) – Athanasios’ Career Journey (00:06:08) – Real-Time Policy Rules (00:23:36) – Potential Drawbacks of Monetary Rules (00:28:46) – Natural Growth Targeting Rule (00:37:31) – Federal Reserve’s Framework Review (00:57:02) – Outro
--------
57:42
Dean Ball on the Past, Present, and Future of AI
Dean Ball is a research fellow at the Mercatus Center. In Dean’s first appearance on the show, he explains the AI revolution, current AI developments, policy implications of the AI boom, and the future of AI. Check out the transcript for this week’s episode, now with links. Recorded on February 19th, 2025 Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Follow Dean on X: @Deanwball 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 (00:01:03) – Dean’s Background in Artificial Intelligence (00:03:32) – Recent AI Events (00:22:03) – Policy Implications (00:33:58) – AI and the Future (00:56:34) – Outro
Hosted by David Beckworth of the Mercatus Center, Macro Musings pulls back the curtain on the important macroeconomic issues of the past, present, and future.
Netherlands