Evan Koenig on the Case for Nominal GDP Targeting

伊万·科尼格论名义GDP目标化的理由

Macro Musings with David Beckworth

教育

2025-02-24

51 分钟
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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
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  • Hey, Macro Musing listeners, this is your host, David Beckwourth.

  • As you know, we are in the midst of another Fed Framework review,

  • and we've already released several podcasts

  • in our very special policy brief series on this important development.

  • This week's episode is another one that speaks to the Fed's framework review,

  • and it is with Evan Koenig, a former senior aide to the President of the Dallas Fed.

  • We recorded this show in late October of last year,

  • but its material is very timely to the current and ongoing framework review process.

  • We hope you enjoy it.

  • Now, on to the show.

  • 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 Mercatus center at George Mason University,

  • and I'm glad you decided to join us.

  • Well, welcome.

  • Evan Koenig.

  • Why don't you tell the listeners a little bit about your background at the Fed?