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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 26, 2026

Tyler Muir is a professor of finance at UCLA. In Tyler’s first appearance on the show, he discusses how he became a leading scholar on quantitative easing, what things the Fed can learn in responding to crises, why QE matters, how QE transformed the bond market, the new “Tyler Rule”, QE’s role in the COVID Pandemic, and much more.

Check out the transcript for this week’s episode, now with links.

Recorded on January 8th, 2025

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Timestamps

00:00:00 - Intro

00:01:33 - Tyler’s Background

00:08:36 - Financial Crisis and Risk Premium

00:14:40 - Intermediaries and Asset Prices

00:22:18 - QE and Why It Matters

00:28:40 - QE and the Bond Market

00:32:38 - The Tyler Rule

00:37:51 - When Selling Goes Viral

00:41:01 - QE During COVID

00:49:26 - Shrinking the Fed’s Balance Sheet

00:55:03 - Outro