2025-01-06
52 分钟Welcome to Macro Musings, where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past, present, and future.
I am your host, David Beckwourth, a senior research fellow at the Merkita center at George Mason University, and I'm glad you decided to join us.
Our guest today is Moraine Bohaus.
Moraine is an economist in the World Economic Studies division of the IMF's research department.
Moraine has a hot new paper out titled Fiscal Fiscal Monetary Tensions and Implications for Policy.
Moiraine, welcome to the show.
Thank you, David.
It's really great to be on.
I'm a big fan of the show and looking forward to the conversation.
Well, it's great to hear that folks at the IMF are listening to the podcast, so I'm glad to have you on to join the conversation.
And you know, Moureen, just when I thought the R Star wars could not get any more interesting, you come out with a whole new vision or understanding of what R Star is.
Now we have these debates over who has the best R Star measure.
Is it the New York Fed measure?
Is it the Richmond Fed measure?
Is it the market tip measure?
And you say, hold on, there's a whole other category of R Star, a fiscal R star.
And so I'm looking forward to our discussion of that and the paper and the findings you have.
But before we jump into that, I know you have to have a disclaimer you need to share with us.
Yeah, so the usual disclaimer.
So anything I say today on the podcast is really my views and not necessarily the reviews of the imf.