Macro Musings with David Beckworth

88 – Ricardo Caballero on the Safe Asset Conundrum

Dec 18, 2017
Guest
Ricardo Caballero
Ricardo Caballero, an MIT economics professor, discusses the 'Safe Asset Shortage Conundrum' with a focus on the US as a global financial intermediary. They explore solutions to address the scarcity of safe assets, including central bank interventions and asset transformation. The conversation also delves into the sustainability of current account deficits and Australia's economy, touching on topics like real estate markets and sovereign wealth funds.
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Episode notes
1
Introduction
00:00 • 2min
2
The Safe Asset Shortage: Origins and Implications
01:58 • 12min
3
The US as the Banker to the World: Safe Assets and Imbalances
13:54 • 19min
4
Navigating the Safe Asset Conundrum
32:33 • 15min
5
Exploring Asset Transformation and Velocity in Financial Systems
47:57 • 3min
6
Exploring the Sustainability of Current Account Deficits and Global Economic Dynamics
51:21 • 3min
7
Exploring Australia's Economy and the Concept of a Sovereign Wealth Fund
54:43 • 4min