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Artwork for Macro Musings

Macro Musings with David Beckworth

Mercatus Center at George Mason University
Federal Reserve
Monetary Policy
Inflation
Fiscal Policy
Interest Rates
Labor Market
Stablecoins
Macroeconomic Policy
Quantitative Easing
Economic Policy
Dollarization
Dollar Dominance
Nominal GDP Targeting
Argentina
Macroeconomics
Tariffs
Financial Stability
U.S. Dollar
Bitcoin
US Treasury Market

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.

PublishesWeeklyEpisodes551Founded10 years ago
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Artwork for Macro Musings

Latest Episodes

David Zaring is legal scholar and professor at the University of Pennsylvania. In David's first appearance on the show, he discusses the role the Great Financial Crisis played in FinReg scholarship, how he came up with the term "skinny" in the new sk... more

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Bill Beach is the former commissioner of the US Bureau of Labor Statistics and the current executive director of the Fiscal Lab on Capitol Hill. In Bill's first appearance on the show he discusses a career in and around public service, the important ... more

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Tyler Goodspeed is the former chairman of the Council of Economic Advisors and is currently a chief economist in the private sector. In Tyler's first appearance on the podcast he discusses his new book highlighting a different way of looking at reces... more

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Recorded live in front of the Wharton Financial Regulation Conference, former guest Peter Conti-Brown joins David Beckworth as a Macro Musings co-host on this week's episode. Peter and David discuss the inflection point of 2008 in FinReg scholarship,... more

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Recent Guests

Bill Beach
Executive director of the Fiscal Lab on Capitol Hill; former commissioner of Labor Statistics and head of the U.S. Bureau of Labor Statistics
Fiscal Lab on Capitol Hill
Episode: Bill Beach on the Future of United States' Economic Statistics and Fiscal Position
Tyler Goodspeed
Former chairman of the Council of Economic Advisers, Chief Economist in private sector
Former CEA Chair; Private sector
Episode: Tyler Goodspeed on Challenging the Way Economists Look at Recessions
Dan Ari
Author discussing digital assets and cryptocurrency
Wharton/Penn
Episode: Peter Conti-Brown and David Beckworth on All Things Financial Regulation
Basil Halperin
Assistant Professor of Economics at the University of Virginia
University of Virginia
Episode: Basil Halperin on Macroeconomic Policy in an Age of Transformative AI
Rich Clarida
Former Vice Chair of the Federal Reserve System
Columbia University; Pimco
Episode: Rich Clarida on Navigating Monetary Policy in Choppy Waters
Kris Mitchener
Professor of economics at Santa Clara University; economic and monetary historian
Santa Clara University
Episode: Kris Mitchener on What Actually Anchors the Price Level
Steve Kamin
Senior Fellow at the American Enterprise Institute; former Director of the Division of International Finance at the Federal Reserve Board
American Enterprise Institute
Episode: Steve Kamin and Mark Sobel on the Outlook of Dollar Dominance
Ruth Judson
Monetary economist, economic historian, tracker of global capital flows, long-time Fed Governor
Federal Reserve Board of Governors
Episode: Ruth Judson on Chasing Dollars Around the World
Neha Narula
Director of the Digital Currency Initiative, MIT Media Lab
MIT Digital Currency Initiative
Episode: Neha Narula, Anders Brownworth, and Daniel Aronoff on Understanding Stablecoins in the GENIUS Era

Host

David Beckworth
Host of Macro Musings

Reviews

4.8 out of 5 stars from 931 ratings
  • Lyman Stone

    Great show

    Apple Podcasts
    5
    GMac1776
    United States2 months ago
  • Thorvald

    Best Central Bank show out there. David has the right people on for in-depth discussion on contemporary central bank policy issues. If your are into ongoing discussion of monetary and fiscal policy, this is your station

    Apple Podcasts
    5
    Nbtgm1
    Norway2 months ago
  • Horwitz - Monetary Disequilibrium

    Very informative and insightful. Thanks!

    Apple Podcasts
    5
    FFSanchez
    United States2 months ago
  • The best

    The consistently best economics podcast. Full length, highly knowledgeable, and they go into great detail on subjects that are hard to come by with pretty honest takes. Greatly appreciated.

    Apple Podcasts
    5
    DB drooper
    United States10 months ago
  • Great

    Just came across this podcast in the past year. Really wish I’d known about it sooner. Intelligent and not overly political or dogmatic while covering topics not found elsewhere.

    Apple Podcasts
    5
    cover the ears
    United Statesa year ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Listeners praise the host's depth and thoughtful questioning.
The show is rigorous yet accessible to listeners with varying levels of economics background.
Many reviews highlight the long-form, detailed discussions and quality production.
Guests are consistently high-caliber and topics are timely and policy-relevant.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#50
Colombia/Business
Apple Podcasts
#184
Norway/Business
Apple Podcasts
#206
Finland/Business
Apple Podcasts
#246
Spain/Business

Talking Points

Recent interactions between the hosts and their guests.

Basil Halperin on Macroeconomic Policy in an Age of Transformative AI
Q: What is the practical takeaway for policymakers facing AI-driven transitions?
The key is to prevent policy from being a drag during transitions; monetary policy should avoid aggressive misfires, while fiscal policy and redistribution need to address potential unemployment and inequality, with tools like optimal monetary policy under menu costs serving as a guiding framework rather than a universal solution.
Basil Halperin on Macroeconomic Policy in an Age of Transformative AI
Q: Why consider NGDP targeting over inflation targeting in an AI-accelerated economy?
Because with menu-cost type frictions, stabilizing the overall nominal expenditure (NGDP) can better accommodate the transmission of shocks that alter relative prices, avoiding unnecessary inflation or unemployment and potentially delivering more stable welfare across the economy.
Basil Halperin on Macroeconomic Policy in an Age of Transformative AI
Q: What sparked the discussion about AI-driven macro effects, and how do markets respond to such narratives?
Markets are forward-looking and price in long-run outcomes; while some AI-driven growth stories suggest higher GDP and higher rates, the empirical and model-based evidence indicates that the leap to 30% growth in the near term is not imminent, and policy should be cautious, using flexible tools rather than assuming an extreme, dystopian future.
Tyler Goodspeed on Challenging the Way Economists Look at Recessions
Q: What lessons do you draw from historical episodes like 2008 for current policy design?
Historical episodes show that crises can be amplified by policy missteps (e.g., tightening during a real energy shock) and that counterfactuals matter; a more resilient, less interventionist stance during adverse shocks, and recognizing that some crises arise from a set of coincident shocks rather than a single grand cause, can prevent overconfidence in predictive tools.
Tyler Goodspeed on Challenging the Way Economists Look at Recessions
Q: How does your plucking model differ from the standard view of business cycles, and what does it imply for policy?
The plucking model treats fluctuations as random deviations around potential GDP caused by shocks, with contractions not necessarily signaling a prior overheating. Policy should aim to do no harm and avoid actions that could deepen a downturn, since policy often exacerbates recessions more than it prevents them.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About Macro Musings

What is Macro Musings about and what kind of topics does it cover?

Macro Musings features deep-dive discussions on macroeconomics, monetary policy, and fiscal dynamics with leading economists, policymakers, and researchers. Episodes frequently explore central banking, inflation dynamics, financial regulation, and the global role of the dollar, often weaving historical context with current policy debates. Notable strengths include a consistently high-caliber guest lineup, rigorous analysis, and a focus on how macro theory translates into real-world policy. The show tends to attract listeners who want thoughtful, data-driven perspectives from experts across academia, policy, and finance, and it often serves as a bridge between academic macroeconomics and practical policymaking. Potential listeners who enjoy ... more

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Which podcasts are similar to Macro Musings?

These podcasts share a similar audience with Macro Musings:

1. Macro Hive Conversations With Bilal Hafeez
2. Odd Lots
3. Conversations with Tyler
4. Monetary Matters with Jack Farley
5. EconTalk

How many episodes of Macro Musings are there?

Macro Musings launched 10 years ago and published 551 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Macro Musings?

Recent guests on Macro Musings include:

1. Bill Beach
2. Tyler Goodspeed
3. Dan Ari
4. Basil Halperin
5. Rich Clarida
6. Kris Mitchener
7. Steve Kamin
8. Ruth Judson

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