Hosted by David Beckworth of the Mercatus Center, Macro Musings pulls back the curtain on the important macroeconomic issues of the past, present, and future.
http://macromarketmusings.blogspot.com/
Scott Sumner on How Central Banks Should Respond to the Coronavirus Threat
Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University, and a returning guest to Macro Musings. Scott joins the show today to talk about the recent market turmoil caused by the COVID-19 coronavirus and its implications for monetary policy. David and Scott also discuss how the Fed should respond to a possible pandemic, why monetary policy is preferable to fiscal policy during a crisis, and how to approach the central bank credibility problem.
Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings
Scott’s blog: https://www.themoneyillusion.com/
Scott’s Mercatus profile: https://www.mercatus.org/scholars/scott-sumner
Related Links:
*It’s Time for the Fed to Take On the Coronavirus Threat* by David Beckworth
https://www.nationalreview.com/2020/02/its-time-for-the-fed-to-take-on-the-coronavirus-threat/
*The Era of Fed Power is Over. Prepare for a More Perilous Road Ahead.* by Greg Ip
https://www.wsj.com/articles/shrinking-influence-of-central-banks-ends-decades-of-business-as-usual-11579103829?mod=rsswn
David’s blog: macromarketmusings.blogspot.com
David’s Twitter: @DavidBeckworth