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8min chapter
Colby Smith, Steven Kelly, and Gerard DiPippo on the Highlights of 2023 and Looking Ahead to the Future
Macro Musings with David Beckworth
Central Bank Balance Sheets and the Cost of Large Balance Sheets
In this chapter, the speakers discuss the cost and potential issues associated with running large central bank balance sheets. They highlight the preference for smaller balance sheets and discuss the fiscal and political economy costs involved. The possibility of returning to a smaller balance sheet framework in the future is also mentioned.
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Listen to the best highlights from the podcasts you love and dive into the full episode