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Artwork for Macro Musings

Macro Musings with David Beckworth

Mercatus Center at George Mason University
Monetary Policy
Inflation
Federal Reserve
Argentina
Dollar Dominance
Fiscal Policy
Interest Rates
Inflation Expectations
Inflation Surge
Financial Sanctions
Dollarization
US Inflation
U.S. Monetary Policy
Central Bank Operating Systems
Phillips Curve
COVID Inflation
Quantitative Easing
R-Star
Covid-19 Pandemic
Monetary Policy Rules

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.

PublishesWeeklyEpisodes545Founded10 years ago
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EducationBusiness

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Artwork for Macro Musings

Latest Episodes

Kris Mitchener is a professor of economics at Santa Clara University and is an economic and monetary historian. In Kris's first appearance on the show, he discusses how he fell in love with building data sets out of old dusty archives, the origins an... more

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Steve Kamin is a senior fellow at the American Enterprise Institute and was previously the director of the Division of International Finance at the Federal Reserve Board. Mark Sobel is the US chairman of the Official Monetary and Financial Institutio... more

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Ruth Judson is a monetary economist, economic historian, and veteran of the Federal Reserve Board of Governors. In Ruth's first appearance on the show she discusses her career at the Fed, field trips tracking counterfeit dollars around the global, ho... more

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Bill Nelson is a chief research officer and chief economist at the Bank Policy Institute. In Bill's 10th appearance on the show he discusses his infamous email list, the ratchet effect from QE, his congressional testimony, the BPI's Bank Treasurers S... more

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Recent Guests

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
Anders Brownworth
Software engineer with background at Circle and the Federal Reserve
MIT Digital Currency Initiative (DCI); former Circle; Federal Reserve
Episode: Neha Narula, Anders Brownworth, and Daniel Aronoff on Understanding Stablecoins in the GENIUS Era
Daniel Aronoff
Economist, MIT Economics Department; works with DCI
MIT Economics Department; Digital Currency Initiative
Episode: Neha Narula, Anders Brownworth, and Daniel Aronoff on Understanding Stablecoins in the GENIUS Era
Jesús Fernández-Villaverde
Professor of economics at the University of Pennsylvania, expert on quantitative macroeconomics, economic history and AI
University of Pennsylvania
Episode: Jesús Fernández-Villaverde on the Quandary of Global Demographic Decline
Christopher Meissner
Professor of Economics at the University of California, Davis; economic historian of international finance and trade
UC Davis
Episode: Chris Meissner on the History of Globalization
Raghuram Rajan
Finance professor at the University of Chicago, former governor of the Reserve Bank of India
University of Chicago
Episode: Raghuram Rajan on the Impact of the Ratcheting Effect of The Fed's QE Program

Host

David Beckworth
Host focused on macroeconomic issues, with in-depth knowledge of monetary policy and economic theory.

Reviews

4.8 out of 5 stars from 924 ratings
  • Lyman Stone

    Great show

    Apple Podcasts
    5
    GMac1776
    United States16 days 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
    Norway24 days ago
  • Horwitz - Monetary Disequilibrium

    Very informative and insightful. Thanks!

    Apple Podcasts
    5
    FFSanchez
    United States24 days 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 States9 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.

Some listeners express a desire for more foundational explanations for concepts discussed, though they still find the content engaging.
The show is noted for its ability to balance academic theory with practical insights relevant to current economic conditions.
Listeners appreciate the engagement with knowledgeable guests who add depth to discussions.
The information is detailed and well-researched, making complex topics more understandable.

Chart Rankings

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

Apple Podcasts
#159
Colombia/Business

Talking Points

Recent interactions between the hosts and their guests.

Kris Mitchener on What Actually Anchors the Price Level
Q: What ultimately anchors the price level?
Credibility and the political economy around monetary policy, including the institutional design of the central bank, the backing resources available, and whether the policy framework is perceived as commitment to price stability, jointly determine price level anchoring.
Bill Nelson on the Future of the Fed's Balance Sheet
Q: How long of a horizon do you think is realistic to implement changes if FOMC is on board?
It would take several months for the monetary policy and liquidity framework groups to study, propose, and formalize changes; a six-month to year timeline is plausible for initial adoption, with longer lead times for full calibration across agencies.
Jesús Fernández-Villaverde on the Quandary of Global Demographic Decline
Q: How will AI and automation influence the economy in a context of demographic decline?
AI and automation can raise welfare and productivity, but their gains may be poorly captured in GDP and tax bases, posing challenges for financing social programs; policy must consider how to tax non-measured productivity and adapt institutions to a changing labor and demographic landscape.
Jesús Fernández-Villaverde on the Quandary of Global Demographic Decline
Q: Why is fertility falling even among traditionally higher-fertility societies and religious groups?
A combination of factors is at play: housing prices indexing the cost of family formation, shifts in social norms and gender roles, and an education process that creates a tighter competition for high-status positions, all contributing to lower birth rates across diverse regions.
Jesús Fernández-Villaverde on the Quandary of Global Demographic Decline
Q: What are the big data points and stylized facts about demographics as the world faces them?
The core fact is that fertility is below replacement globally, with a planet-wide rate around 2.17 and falling; this isn't just a US or East Asian issue but a global trend affecting multiple regions, with significant attention to sub-Saharan Africa despite data quality concerns.

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?

This show explores significant macroeconomic topics, engaging in deep discussions that connect theory with real-world applications. It features expert guests who provide insights on various aspects of monetary policy, including the Federal Reserve, quantitative easing, and global financial systems. The host, with an academic background, facilitates conversations that reveal complexities and promote understanding of economic concepts and their implications on current events. Noteworthy elements include the show's focus on the practical aspects of economic theory, making it accessible to both experts and enthusiasts alike, and fostering a learning community around economic literacy.

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How many listeners does Macro Musings get?

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Which podcasts are similar to Macro Musings?

These podcasts share a similar audience with Macro Musings:

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

How many episodes of Macro Musings are there?

Macro Musings launched 10 years ago and published 545 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. Kris Mitchener
2. Steve Kamin
3. Ruth Judson
4. Neha Narula
5. Anders Brownworth
6. Daniel Aronoff
7. Jesús Fernández-Villaverde
8. Christopher Meissner

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