In this special episode of Macro Musings, David Beckworth and Patrick Horan join guest host Carola Binder to discuss their newest paper, *The Fate of FAIT: Salvaging the Fed’s Framework.* Patrick Horan is a research fellow in the Mercatus Center’s Monetary Policy Program and Carola Binder is an associate professor of economics at Haverford College as well as a visiting scholar at the Mercatus Center. In addition to their paper, Pat and David also talk about the basics of flexible average inflation targeting, how it compares to temporary price level targeting, the differences between the Fed’s old and new frameworks, and a lot more.

Transcript for the episode can be found here.

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Patrick’s Twitter: @Pat_Horan92

Patrick’s Mercatus profile

Carola’s Twitter: @cconces

Carola’s Haverford site

Carola’s Mercatus profile

David’s Twitter: @DavidBeckworth

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