Macro Musings with David Beckworth

Patrick Horan and David Beckworth on *The Fate of FAIT* and the Future of the Fed’s Monetary Framework

Nov 21, 2022
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1
Introduction
00:00 • 3min
2
How Do You Think the Fed Needs Salvation?
03:05 • 2min
3
The Fed's Goal Is to Undershoot From Below, Not From Above
05:31 • 5min
4
Flexibility in Inflation Targeting
10:56 • 3min
5
What's the Difference Between FAIT and TPLT?
13:57 • 5min
6
Is Temporary Price Level Targeting the Same as Flexible Average Inflation Targeting?
18:45 • 3min
7
Is the New Framework Less Forward-Looking?
21:43 • 4min
8
Why Do We Say Salvage It or Just Keep It as Is?
25:43 • 5min
9
Is the Nominal GDP Target Still a Fate In?
30:29 • 2min
10
Why You Shouldn't Change the Nominal GDP Target
32:48 • 3min
11
Flexibility vs Disdiscretion
36:14 • 3min
12
Nominal GDP Level Targeting - Is There a Catch-Up Period?
39:41 • 2min
13
Nominal GDP Targeting
42:07 • 2min
14
The Sten GDP Gap Rule and the Taylor Rule
44:33 • 3min
15
Nominal GDP Targeting
47:19 • 5min