2025-02-17
48 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 Merketta center at George Mason University.
And I'm glad you decided to join us.
Our guest today is Stephen Kelly.
Steven is the associate director of research at the Yale Program on Financial Stability.
Steven joins us today to discuss the treasury equity model of Federal Reserve emergency lending.
Steve, welcome back to the program.
Great to be here.
This is number five, I understand, but the first time in studio, in person.
That's right.
I came for the Five Timers jacket.
That's right, that's right.
So it's great to have you back.
You're a regular on the show
and last time we were together we were talking about a topic near and dear to your heart,
my heart, and some of our other guests, and that's the discount window.