Macro Musings is back with another bonus episode, as Sam Bell and Skanda Amarnath (Employ America) are joined by Julia Coronado (Macro Policy Perspectives) and David Beckworth (Macro Musings) to talk through the announcement of the Fed’s framework transition towards average inflation targeting. Specifically, this panel of guests discuss the implications of moving to an average inflation targeting regime, whether the shift may cause credibility problems for the central bank, how to continue to improve the Fed’s toolkit, and more.
Special thanks to the Employ America team for allowing us to use their webcast audio for this special Macro Musings bonus content.
Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings
Employ America’s Twitter: @employamerica
Employ America’s website: https://employamerica.org/
Sam Bell’s Twitter: @sam_a_bell
Skanda Amarnath’s Twitter: @IrvingSwisher
Julia’s Twitter: @jc_econ
Julia’s Macro Policy Perspectives profile: https://www.macropolicyperspectives.com/team
Related Links:
A New Way to Manage Inflation by David Beckworth
https://www.mercatus.org/bridge/commentary/new-way-manage-inflation
By Doubling Down On Inflation Targeting, the Fed Is At Risk of Forgetting Lessons from 2008 & 2011 by Skanda Amarnath
https://medium.com/@skanda_97974/by-doubling-down-on-inflation-targeting-the-fed-is-at-risk-of-forgetting-lessons-from-2008-2011-f877f78acba2
Securing Macroeconomic and Monetary Stability with a Federal Reserve–Backed Digital Currency by Julia Coronado and Simon Potter
https://www.piie.com/system/files/documents/pb20-4.pdf
David’s Twitter: @DavidBeckworth
David’s blog: http://macromarketmusings.blogspot.com/