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David Beckworth and Mercatus Center at George Mason University द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री David Beckworth and Mercatus Center at George Mason University या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal
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Jeffrey Lacker on the History of Fed Credit Policy and the Four Doctrines of Fed Lending

56:06
 
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Manage episode 454603797 series 3563504
David Beckworth and Mercatus Center at George Mason University द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री David Beckworth and Mercatus Center at George Mason University या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal

Jeffrey Lacker is a senior affiliated scholar at the Mercatus Center, and he previously worked at the Federal Reserve Bank of Richmond, where he served as its president from 2004 to 2017. Jeff is also a returning guest to the podcast, and he rejoins David on Macro Musings to talk about the history of the Federal Reserve’s credit policy, as well as a recent Shadow Open Market Committee conference.

Transcript for this week’s episode.

Jeffrey’s website

Jeffrey’s Mercatus profile

David Beckworth’s Twitter: @DavidBeckworth

Follow us on Twitter: @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!

Related Links:

*A 50-Year Retrospective on the Shadow Open Market Committee and its Role in Monetary Policy* — A conference hosted by the Hoover Institution

*From the “Lender of Last Resort” to “Too Big to Fail” to “Financial System Savior”: Federal Reserve Credit Policy and the Shadow Open Market Committee* by Jeffrey Lacker

*Last Resort Lending: Classical Thought vs. Modern Federal Reserve Practice* by Jeffrey Lacker

Timestamps:

(00:00:00) – Intro

(00:01:47) – The Shadow Open Market Committee and its Contributions Throughout Time

(00:05:32) – Highlights from the Recent Shadow Open Market Committee Conference

(00:10:17) – From FAIT Back to FIT?

(00:14:07) – *Federal Reserve Credit Policy and the Shadow Open Market Committee*: Motivation and Summary

(00:16:05) – Breaking Down the Difference Between Credit Policy and Monetary Policy

(00:22:10) – The Four Doctrines of Fed Lending: The Monetary Stability Doctrine

(00:28:56) – The Four Doctrines of Fed Lending: The Real Bills Doctrine

(00:34:49) – The Four Doctrines of Fed Lending: Warburg’s Mercantilism

(00:39:11) – The Four Doctrines of Fed Lending: Too-big-to-fail and the Reluctant Samaritan

(00:47:45) – Solutions for Improving the System Moving Forward

(00:55:25) – Outro

  continue reading

483 एपिसोडस

Artwork
iconसाझा करें
 
Manage episode 454603797 series 3563504
David Beckworth and Mercatus Center at George Mason University द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री David Beckworth and Mercatus Center at George Mason University या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal

Jeffrey Lacker is a senior affiliated scholar at the Mercatus Center, and he previously worked at the Federal Reserve Bank of Richmond, where he served as its president from 2004 to 2017. Jeff is also a returning guest to the podcast, and he rejoins David on Macro Musings to talk about the history of the Federal Reserve’s credit policy, as well as a recent Shadow Open Market Committee conference.

Transcript for this week’s episode.

Jeffrey’s website

Jeffrey’s Mercatus profile

David Beckworth’s Twitter: @DavidBeckworth

Follow us on Twitter: @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!

Related Links:

*A 50-Year Retrospective on the Shadow Open Market Committee and its Role in Monetary Policy* — A conference hosted by the Hoover Institution

*From the “Lender of Last Resort” to “Too Big to Fail” to “Financial System Savior”: Federal Reserve Credit Policy and the Shadow Open Market Committee* by Jeffrey Lacker

*Last Resort Lending: Classical Thought vs. Modern Federal Reserve Practice* by Jeffrey Lacker

Timestamps:

(00:00:00) – Intro

(00:01:47) – The Shadow Open Market Committee and its Contributions Throughout Time

(00:05:32) – Highlights from the Recent Shadow Open Market Committee Conference

(00:10:17) – From FAIT Back to FIT?

(00:14:07) – *Federal Reserve Credit Policy and the Shadow Open Market Committee*: Motivation and Summary

(00:16:05) – Breaking Down the Difference Between Credit Policy and Monetary Policy

(00:22:10) – The Four Doctrines of Fed Lending: The Monetary Stability Doctrine

(00:28:56) – The Four Doctrines of Fed Lending: The Real Bills Doctrine

(00:34:49) – The Four Doctrines of Fed Lending: Warburg’s Mercantilism

(00:39:11) – The Four Doctrines of Fed Lending: Too-big-to-fail and the Reluctant Samaritan

(00:47:45) – Solutions for Improving the System Moving Forward

(00:55:25) – Outro

  continue reading

483 एपिसोडस

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