The Role of the US Dollar as the Reserve Currency

Will Bateman is an associate professor and associate dean of research at the Australian National University College of Law. Will has recently authored a paper titled, *The Fiscal Fed,* which takes a close look at the Fed’s fiscal functions during the two World Wars, the Great Depression, the Cold War, the global financial crisis, and the COVID-19 pandemic. Will joins Macro Musings to talk about this paper, the origins and evolution of the Fed, the implications for policymakers, and a lot more.

Transcript for this week’s episode.

Will’s ANU profile

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Related Links:

*The Fiscal Fed* by Will Bateman

*The Law of Monetary Finance Under Conventional Monetary Policy* by Will Bateman