Macro Musings with David Beckworth cover image

Gianluca Benigno on the Basics and Policy Functionality of R** and the Dollar’s Imperial Circle

Macro Musings with David Beckworth

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The Role of the Fed in the Global Economy

Jean-Luca Benigno: The Fed set up all of these dollar swap lines because it does influence the global economy. He says they are crucial in addressing feedback effects that might come from international financial integration. David Beckworth: It's not like the Fed doesn't aware of what's happening, but it's also constrained politically.

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