Central Bank Balance Sheets and the Cost of Large Balance Sheets

Colby Smith is the US economics editor for the Financial Times, Steven Kelly is the Associate Director of Research at the Yale Program on Financial Stability, and Gerard DiPippo is the Senior Geoeconomics Analyst at Bloomberg. For this special year-end episode of Macro Musings, Colby, Steven, and Gerard join David to talk about the major surprises, themes, and underreported as well as overreported stories of the past year. They also discuss their prediction outcomes throughout 2023, the economic and political landscape ahead for 2024, and a lot more.

Transcript for this week’s episode.

Colby’s FT profile

Colby’s Twitter: @colbyLsmith

Steven’s Substack: Without Warning

Steven’s Twitter: @StevenKelly49

Gerard’s Twitter: @gdp1985

David Beckworth’s Twitter: @DavidBeckworth

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Related Links:

*Sunk Costs: The Difficulty of Using Sanctions to Deter China in a Taiwan Crisis* by Gerard DiPippo and Jude Blanchette

*Getting Up from the Floor* by Claudio Borio