Macro Musings with David Beckworth 105 – David Andolfatto on Inflation and the Phillips Curve
May 7, 2018
David Andolfatto, Vice President of the St. Louis Federal Reserve Bank, discusses the Phillips Curve, low inflation mysteries, global money demand, and US debt dynamics. They analyze the debate on inflation and unemployment link, portfolio rebalancing in recessions, and explore alternative monetary policy targets. Emphasis on nuanced policies and robust policy-making amidst economic uncertainties.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Introduction
00:00 • 2min
Unraveling the Mystery of Low Inflation Rates
01:46 • 21min
Global Demand for Money and US Debt Dynamics
22:38 • 6min
Debate and Reevaluation of the Phillips Curve in FOMC Discussions
28:45 • 2min
Analyzing Views on Inflation and Unemployment Link
30:33 • 4min
Exploring Portfolio Rebalancing and Monetary Policy
34:56 • 19min
Debate on Phillips Curve, Faith-Based Economics, and Robust Policy Making
54:22 • 2min
Exploring Alternative Monetary Policy Targets and Frameworks
56:10 • 3min