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.
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
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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
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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
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57:15
Liya Palagashvili on the Gig Economy, Portable Benefits, and Changing Labor Regulations
Liya Palagashvili is a senior research fellow and director of the Labor Policy Project at the Mercatus Center. In Liya’s first appearance on the show she explains federal and state level changes to labor regulations, who makes up the gig economy workforce, the role women play in the independent workforce, the novel concept of portable benefits, and much more. Check out the transcript for this week’s episode, now with links. Recorded on January 31st, 2025 Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Follow Liya on X: MissLiyaP 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 (00:01:37) – Liya’s Background and Interest in Labor Economics (00:03:18) – Labor Policy Project and Labor Market Matters (00:07:32) –Independent Contractors and the Gig Economy (00:17:20) – Independent Work as a Buffer from Shocks (00:23:40) – Women and Independent Work (00:31:01) – Men in the Independent Workforce (00:35:23) – Myths Surrounding the Gig Economy (00:39:36) – Portable Benefits for Independent Workers (00:49:48) – Port Strikes and Dynamic Labor Markets (01:02:36) – Outro
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1:03:17
Evan Koenig on the Case for Nominal GDP Targeting
Evan Koenig is a former senior aide to the president of the Dallas Fed. Evan returns to the show to discuss, the ins and outs of nominal GDP targeting, the practical applications of NGDP targeting, the reasons the Fed should consider it for the framework review, and much more. Check out the transcript for this week’s episode, now with links. Recorded on October 29th, 2024 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 (00:01:06) – Evan Koenig at the Fed (00:02:04) – Nominal GDP Targeting (00:06:22) – Why the Fed Didn’t Consider Nominal GDP Targeting (00:17:25) – How to Explain Nominal GDP Targeting to the Public (00:23:10) – Main Arguments for Nominal GDP Targeting (00:33:52) – Practical Applications of Nominal GDP (00:47:19) – Nominal GDP Targeting and the Fed’s Upcoming Framework Review (00:50:57) – 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.
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