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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.

Jul 29, 2019

Ulirch Bindseil is currently the director general of the Directorate General Market Operations at the European Central Bank (ECB), and in November he will become the director general of Market Infrastructure and Payments at the ECB. Ulrich has written widely on central banking operative frameworks, including a textbook, and is considered one of the world’s leading authorities on operating systems. He joins the show today to talk about these frameworks and much more. David and Ulrich also discuss the debate between floor and corridor systems, the principles for evaluating operating frameworks, and the big lessons central bankers have learned from the past decade.


Transcript for the episode:


Ulrich’s ECB paper archive:

Ulrich’s ResearchGate profile:


Related Links:


*Evaluating Monetary Policy Frameworks* by Ulrich Bindseil


*Central Banking Before 1800: A Rehabilitation* by Ulrich Bindseil


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