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Contenido proporcionado por David Beckworth and Mercatus Center at George Mason University. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente David Beckworth and Mercatus Center at George Mason University o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
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The Fed Framework Review: Macro Musings’ Greatest NGDP Targeting Hits

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Manage episode 463372803 series 166390
Contenido proporcionado por David Beckworth and Mercatus Center at George Mason University. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente David Beckworth and Mercatus Center at George Mason University o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

On this special greatest hits compilation episode our host David Beckworth primes listeners for the Fed Framework Review by highlighting the best snippets from past shows discussing nominal GDP targeting. This episode includes Mary Daly’s thoughts on NGDP targeting, Evan Koenig on the basics of NGDP targeting, George Selgin on Powell’s hesitations with NGDP targeting and how it responds to supply shocks, Jim Bullard on the financial stability of NGDP targeting, Eric Sims on the New Keynesian argument for NGDP targeting, Carola Binder on the benefits of NGDP targeting, Charlie Evans on the prospects of NGDP target, and much more.

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

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

(00:02:31) – Mary Daly on Nominal GDP Targeting Considerations for the 2024-25 Fed Framework Review

(00:06:13) – Evan Koenig on the Basics and Preferred Structure of a Nominal GDP Targeting Framework

(00:14:17) – George Selgin on Chair Powell’s Concerns About Nominal GDP Targeting

(00:21:35) – Jim Bullard on the Financial Stability Argument for Nominal GDP Targeting

(00:24:12) – Eric Sims on the New Keynesian Rationale for Nominal GDP Targeting

(00:28:23) – Carola Binder on Two Major Benefits of Nominal GDP Targeting

(00:33:40) – George Selgin on How Nominal GDP Targeting Would Handle Supply Shocks

(00:46:55) – Charlie Evans on the Prospects for Nominal GDP Targeting During the 2024-25 Fed Framework Review

(00:50:57) – Bonus Segment: Enhancing the Nominal GDP Targeting Framework

(00:53:08) – Gauti Eggertsson on the Merits of a Cumulative Nominal GDP Level Target

(00:55:50) – Scott Sumner on Targeting a Nominal GDP Futures Contract

(01:04:25) – Outro

  continue reading

481 episodios

Artwork
iconCompartir
 
Manage episode 463372803 series 166390
Contenido proporcionado por David Beckworth and Mercatus Center at George Mason University. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente David Beckworth and Mercatus Center at George Mason University o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

On this special greatest hits compilation episode our host David Beckworth primes listeners for the Fed Framework Review by highlighting the best snippets from past shows discussing nominal GDP targeting. This episode includes Mary Daly’s thoughts on NGDP targeting, Evan Koenig on the basics of NGDP targeting, George Selgin on Powell’s hesitations with NGDP targeting and how it responds to supply shocks, Jim Bullard on the financial stability of NGDP targeting, Eric Sims on the New Keynesian argument for NGDP targeting, Carola Binder on the benefits of NGDP targeting, Charlie Evans on the prospects of NGDP target, and much more.

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

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

(00:02:31) – Mary Daly on Nominal GDP Targeting Considerations for the 2024-25 Fed Framework Review

(00:06:13) – Evan Koenig on the Basics and Preferred Structure of a Nominal GDP Targeting Framework

(00:14:17) – George Selgin on Chair Powell’s Concerns About Nominal GDP Targeting

(00:21:35) – Jim Bullard on the Financial Stability Argument for Nominal GDP Targeting

(00:24:12) – Eric Sims on the New Keynesian Rationale for Nominal GDP Targeting

(00:28:23) – Carola Binder on Two Major Benefits of Nominal GDP Targeting

(00:33:40) – George Selgin on How Nominal GDP Targeting Would Handle Supply Shocks

(00:46:55) – Charlie Evans on the Prospects for Nominal GDP Targeting During the 2024-25 Fed Framework Review

(00:50:57) – Bonus Segment: Enhancing the Nominal GDP Targeting Framework

(00:53:08) – Gauti Eggertsson on the Merits of a Cumulative Nominal GDP Level Target

(00:55:50) – Scott Sumner on Targeting a Nominal GDP Futures Contract

(01:04:25) – Outro

  continue reading

481 episodios

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