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Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Dec 27, 2021

In this special end-of-the-year episode of Macro Musings, David Beckworth joins guest host David Andolfatto of the St. Louis Fed to discuss a wide range of macroeconomic topics, including podcast highlights from the whole of 2021. More specifically, both Davids talk about the similarities and differences between average inflation targeting and NGDP targeting, the recent inflation puzzles that have plagued the macroeconomy, David’s safe asset theory of inflation, and more.


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Transcript for the episode can be found here.


David Beckworth’s Twitter: @DavidBeckworth

David Beckworth’s blog:

David Beckworth’s Mercatus profile:


David Andolfatto’s Twitter: @dandolfa

David Andolfatto’s St. Louis Fed profile:


Related Links:


*The Safe Asset Shortage and the Low Inflation of 2010-2019: A Money Demand View* by David Beckworth


*The Prospect of Fiscal Dominance in the United States: A New Quantity Theory Perspective* by David Beckworth


*The Fiscal Theory of Price Level with a Bubble* by Markus Brunnermeier, Sebastian Merkel, and Yuliy Sannikov