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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.

Jan 31, 2022

Lubos Pastor is a professor of finance, and Elisabeth Kempf is an associate professor of finance, both at the University of Chicago’s Booth School of Business. They join David on Macro Musings to talk about their recent paper, *Fifty Shades of QE: Comparing Findings of Central Bankers and Academics*. Lubos, Elisabeth, and David specifically discuss the scope, design, and findings of their study, the theory behind QE’s impact on output and inflation, the career implications of QE research, and more.


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Transcript for the episode can be found here.


Lubos’s University of Chicago profile:

Lubos’s NBER archive:


Elisabeth’s University of Chicago Profile:

Elisabeth’s website:


Related Links:


*Fifty Shades of QE: Comparing Findings of Central Bankers and Academics* by Lubos Pastor, Elisabeth Kempf, Brian Fabo, and Martina Jancokova


*The Federal Reserve System’s Influence on Research in Monetary Economics* by Lawrence H. White


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