Macro Musings with David Beckworth Macro Lit Review 4: Highlights from Mid-2023 with George Selgin
4 snips
Jul 31, 2023 Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Introduction
00:00 • 3min
FedNow: A Real-Time Retail Payment System
02:38 • 2min
The Future of Real-Time Payments
04:41 • 2min
The Fed's Task Force on Real-Time Retail Payments
06:40 • 4min
The Choice to Deal With TCH
11:01 • 2min
The Fed's Decision to Offer Volume Discounts to Small Banks
12:48 • 6min
The Future of Payments
18:37 • 2min
The Fedmaster Account Issue
20:20 • 2min
The Fed's Decision to Refuse Master Accounts to Unknown Banks
22:03 • 2min
The Importance of a Permanent Floor System
24:25 • 5min
The Fed's Flooding of Settlement Balances Reserves Kills the Overnight Interbank Market
28:59 • 4min
The Future of the Tiered Reserve System
33:29 • 2min
Should the Fed Have Lost $1 Trillion?
35:35 • 6min
The Fed's Responsibility for Inflation
41:20 • 5min
The Nonlinear Phillips Curve
46:37 • 3min
The Pragmatist Argument for the Phillips Curve
49:14 • 3min
The Importance of Fiscal Policy on Inflation
52:12 • 4min
Macro Musings: Can Core Inflation Continue to Fall?
55:47 • 2min