Macro Musings with David Beckworth 60 – Matt Klein on Greece, Optimal Currency Areas, and Safe Assets
Jun 5, 2017
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Introduction
00:00 • 4min
Bridgewater Associates: A Legendary Career
03:42 • 2min
The Greek Crisis and the German Economy
05:29 • 3min
The Importance of Having a Budget Overhead in the Greek Economy
08:45 • 3min
The Eurozone's Debt Rollover
11:45 • 4min
The Importance of Leaving the Euro
16:04 • 4min
The Importance of Easier Moderate Policies in Greece
20:16 • 3min
The Eurozone Is a Fundamentally Flawed Currency Union
23:07 • 5min
The US as an Optimal Currency Area Might Be Under Strain
28:16 • 3min
The Value of a National Banking System in the US
31:45 • 3min
The Challenges of Asynchronous Business Cycles in the US
34:39 • 2min
The Importance of Labor Mobility in the US Economy
37:00 • 2min
Larry Summers' Argument for Secular Stagnation
39:03 • 6min
The Importance of Price Stability in the Economy
44:33 • 2min
The Fed's Problem With Inflation and Unemployment
46:45 • 3min
The Importance of Safe Assets
49:48 • 4min
The Cost of Providing Safe Assets
53:45 • 3min
The Importance of Solvent Wealth in the Age of the Fed
56:20 • 3min
The Fed's Balance Sheet and the Reverse Repos
59:14 • 2min
The Importance of Opening Up the Fed's Balance Sheet
01:01:03 • 2min