Finance Basic To Advance Level Knowledge

My latest Macro Musings podcast is with Steve Hanke. Steve is s a professor of applied economics at the Johns Hopkins University in Baltimore. He has advised many governments on economic policy, including helping the establishment of new currency regimes in Argentina, Estonia, Bulgaria, Bosnia-Herzegovina, Ecuador, Lithuania, and Montenegro. Steve also is the director of the troubled currency project at the Cato Institute and is the author of the   Hanke-Bushnell hyperinflation table . Steve joined me to talk about his work on hyperinflation. It was interesting conversation throughout. You can listen to the podcast on Soundcloud , iTunes , or your favorite podcast app. You can also listen via the embedded player above. And remember to subscribe since more episodes are coming.

My latest Macro Musings podcast is with Jeffrey Frankel. Jeff is a professor and economist at Harvard University and directs the program on international finance and macroeconomics at the National Bureau of Economic Research. Jeff joined me to talk about the future of globalization, the dollar, the Plaza Accord, and more. It was a fascinating conversation throughout.  You can listen to the podcast on Soundcloud , iTunes , or your favorite podcast app. You can also listen via the embedded player above. And remember to subscribe since more episodes are coming.

My latest Macro Musings podcast is with Jason Furman. Jason is currently a Senior Fellow at the Peterson Institute for International Economics. Previously, Jason spent eight years serving on President Obama’s Council of Economic Advisers, including the chair position from 2013-2017. Jason also worked on the Council of Economic Advisers under President Clinton. Jason joined me to talk about his time at the CEA. Among other things, we talk about fiscal policy, the fiscal multiplier, monetary policy offset, and the platinum coin. This was a super fun talk throughout.  You can listen to the podcast on Soundcloud , iTunes , or your favorite podcast app. You can also listen via the embedded player above. And remember to subscribe since more episodes are coming . Related Links Jason Furman's Twitter Account Jason Furman's Webpage

I have a new article  at The Hill that responds to some of the buzz created  by the Cecchetti et al. (2017) paper that was delivered at the U.S. Monetary Policy Forum : What causes inflation? Most people believe inflation is caused by central banks adjusting monetary conditions... But is this right? A recent study by some top economists has raised questions about this conventional wisdom.   The study found that the standard indicators... [like] economic slack, inflation expectations, and money growth were, in fact, unrelated to inflation. These findings caused quite a stir and even led the Wall Street Journal to declare that “everything markets think they know about inflation might be wrong”.  This understanding misses, in my view, the deeper and more important point of the Cecchetti et al. paper. As the authors note in a separate blog post , the lack of a relationship between the standard indicators and inflation is actually an indication that the Fed h...

My latest Macro Musings podcast is with Larry White. Larry is a professor of economics at George Mason University where he specializes in monetary economics and monetary history. Larry joined me to talk about India's demonetization's efforts and Austrian macroeconomics. This was fun and fascinating conversation throughout.You can listen to the podcast on Soundcloud , iTunes , or your favorite podcast app. You can also listen via the embedded player above. And remember to subscribe since more episodes are coming. Related Links Larry White's Homepage

My latest Macro Musing podcast is with Tim Duy. Tim is a professor of economics at the University of Oregon, a columnist for Bloomberg, and a former economist at the U.S. Department of Treasury.  Tim is also a widely read Fed-watcher and he joined me to talk about Fed watching and the future of U.S. monetary policy. If you want to get into Fed watching this podcast is just for you. Tim shares his approach and what defines a successful Fed watcher.  We also discussed some of Tim's recent comments about the normalization of Fed monetary policy. The FOMC plans to return to normal monetary policy by first raising it interest rate target and then by reducing the size of its balance sheet. Tim thinks this is a bad idea, as he has written in several Bloomberg articles . He would like to see a simultaneous raising of interest rates and shrinking of the Fed balance sheet as the Fed returns to normalcy. We discuss why he favors this approach. This was a fascinating conver...