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New episode! Darrell Duffie on the Fed’s Balance Sheet and the Changing Financial System
@DuffieDarrell is the Adams Distinguished Professor of Management, Emeritus, and Professor of Finance, Emeritus, at the Stanford Graduate School of Business. He joins the program to discuss the challenges of shrinking the Federal Reserve’s balance sheet, the future of payment-system design, the implications of tokenized finance, and much more.
youtu.be/NzjO4ZQYORI?si…
@DuffieDarrell is the Adams Distinguished Professor of Management, Emeritus, and Professor of Finance, Emeritus, at the Stanford Graduate School of Business. He joins the program to discuss the challenges of shrinking the Federal Reserve’s balance sheet, the future of payment-system design, the implications of tokenized finance, and much more.
youtu.be/NzjO4ZQYORI?si…
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What can the Fed learn from central banks that have moved away from ample reserves?
Host @DavidBeckworth returned from his European tour with fresh perspectives on monetary policy, financial stability, and the future of the Fed's operating system.
Host @DavidBeckworth returned from his European tour with fresh perspectives on monetary policy, financial stability, and the future of the Fed's operating system.
Four central banks. Four European cities. And a podcast recorded inside a gold vault. 🏦
@Macro_Musings host @DavidBeckworth took his curiosity about monetary policy on the road, meeting central bankers and exploring lessons for the Fed.
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Macro Musings retweeted
More on the limits of the Friedman Rule: macroeconomicpolicynexus.substack.com/p/missing-the-…
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My favorite part of @Isabel_Schnabel's final speech:
At the end of her time at the ECB, Executive Board member @Isabel_Schnabel reflects on what she has learnt about monetary policy, sharing four key takeaways on the choice of tools, the response to shocks, fiscal and financial dominance, and implementation ecb.europa.eu/press/key/date…
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Macro Musings retweeted
Delighted to have Darrell Duffie join the podcast to discuss his work on the Fed's operating system and balance sheet. We cover a lot of ground including why QT cannot fully unwind QE, the role of an interbank market as a clearing mechanism for reserves, how liquidity regulations and payment-system design affect reserve management, how tokenized finance may reshape central banking, and more! @Austan_Goolsbee @annap_2013 @neelkashkari @vtg2 @NickTimiraos @colbyLsmith @senoj_erialc @ChrisGiles_ @conksresearch
mercatus.org/macro-musings/…
mercatus.org/macro-musings/…
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Stay tuned for this one! 🚀
very fun to go on @DavidBeckworth's excellent podcast today with the rest of the space jam team! we discussed everything from the privatisation of the space sector to krugman on the philosophy of time
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Macro Musings retweeted
Another great Macro Musings podcast. One thing not said in it is that if the Fed must often repair reserve-shortage "potholes" using temporary OMOs*, the "abundant reserve" system loses its main proclaimed advantage, to wit: its supposed ability to make such OMOs unnecessary.
New episode! Darrell Duffie on the Fed’s Balance Sheet and the Changing Financial System
@DuffieDarrell is the Adams Distinguished Professor of Management, Emeritus, and Professor of Finance, Emeritus, at the Stanford Graduate School of Business. He joins the program to discuss the challenges of shrinking the Federal Reserve’s balance sheet, the future of payment-system design, the implications of tokenized finance, and much more.
youtu.be/NzjO4ZQYORI?si…
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Listen to the full episode:
open.spotify.com/episode/7zZHRy…
open.spotify.com/episode/7zZHRy…
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Check out the full conversation: mercatus.org/macro-musings/…
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Macro Musings retweeted
What happens when AI changes the work you've spent your career learning to do?
Economist @lugaricano explains to @tylercowen why retraining involves more than learning new skills, and why AI itself could make adapting easier.
Economist @lugaricano explains to @tylercowen why retraining involves more than learning new skills, and why AI itself could make adapting easier.
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Macro Musings retweeted
Amazing application of AI. This is the future.
I'm thrilled to be launching Econvitals today. It's been the main way in which I have been tracking and understanding the economy over the last several months. And I decided I might as well share it with all of you--for free.
Has a combo of website, email lists & social media.
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Come for the discussion on payments (with shoutouts to @Aarondklein) and Fed governance, stay for our chat on college athletics, future of higher ed, and AI writing. A fun, wide-ranging conversation with Pat Harker.
mercatus.org/macro-musings/…
mercatus.org/macro-musings/…
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Macro Musings retweeted
In my write up, I propose four options for the FOMC to consider as it reviews the balance sheet task force report that comes out later this year. (2/2)
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I recently completed a trip to four central banks in Europe and learned a lot from them. Here is my write up of this amazing opportunity I had to learn from others. (1/2) macroeconomicpolicynexus.substack.com/p/on-the-road-… @RobinWigg @robin_j_brooks @ChrisGiles_ @MaryDalyEcon @Austan_Goolsbee @paulwinfree @annap_2013
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New episode! Patrick Harker on Real-Time Payments and the Future of the Federal Reserve
Patrick Harker is the Rowan Distinguished Professor, Professor of Operations, Information and Decisions at the Wharton School of the University of Pennsylvania, and the former president of the Philadelphia Federal Reserve Bank. He joins the program to discuss his time at the Fed, the FOMC, Amish banking, his amazing academic career, and much more.
youtu.be/do2Nay2E9Cw?si…
Patrick Harker is the Rowan Distinguished Professor, Professor of Operations, Information and Decisions at the Wharton School of the University of Pennsylvania, and the former president of the Philadelphia Federal Reserve Bank. He joins the program to discuss his time at the Fed, the FOMC, Amish banking, his amazing academic career, and much more.
youtu.be/do2Nay2E9Cw?si…
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Listen to the full episode:
open.spotify.com/episode/6zV0rR…
open.spotify.com/episode/6zV0rR…
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Macro Musings retweeted
Three great books, three interesting authors coming soon to three amazing @Macro_Musings shows! @RobinWigg @GregWKaplan Will Bateman
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