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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.

Feb 3, 2020

Marc Lavoie is a professor of economics at the University of Ottawa and an author a recent article on the Bank of Canada’s operating system. Marc is also the coauthor of a popular textbook titled, *Monetary Economics: An integrated Approach to Credit, Money, Income, Production, and Wealth.* He joins the show today to talk about these works and more. David and Marc also discuss differences between post-Keynesian and mainstream macroeconomics, the history and defining characteristics of Canada’s corridor operating system, and what ideal central bank policy might look like for Canada in the future.


Transcript for the episode:


Marc’s University of Ottawa profile:

Marc’s Institute for New Economic Thinking archive:


Related Links:


*A System with Zero Reserves and with Clearing Outside of the Central Bank: The Canadian Case* by Marc Lavoie


*Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth* by Wynne Godley and Marc Lavoie


David’s blog:
David’s Twitter: @DavidBeckworth