Evan Koenig is a former senior aide to the president of the Dallas Fed. Evan returns to the show to discuss, the ins and outs of nominal GDP targeting, the practical applications of NGDP targeting, the reasons the Fed should consider it for the framework review, and much more.
Check out the transcript for this week’s episode, now with links.
Recorded on October 29th, 2024
Follow David Beckworth on X: @DavidBeckworth
Follow the show on X: @Macro_Musings
Check out our new AI chatbot: the Macro Musebot!
Join the new Macro Musings Discord server!
Join the Macro Musings mailing list!
Check out our Macro Musings merch!
Subscribe to David's new BTS YouTube Channel
Timestamps:
(00:00:00) – Intro
(00:01:06) – Evan Koenig at the Fed
(00:02:04) – Nominal GDP Targeting
(00:06:22) – Why the Fed Didn’t Consider Nominal GDP Targeting
(00:17:25) – How to Explain Nominal GDP Targeting to the Public
(00:23:10) – Main Arguments for Nominal GDP Targeting
(00:33:52) – Practical Applications of Nominal GDP
(00:47:19) – Nominal GDP Targeting and the Fed’s Upcoming Framework Review
(00:50:57) – Outro
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!