January 29, 2018

Macro Musings 92: Ángel Ubide on Getting Central Banks Out of Their Comfort Zones

Hosted by David Beckworth of the Mercatus Center, Macro Musings is a new podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Ángel Ubide is a Managing Director at Goldman Sachs and formerly was a Senior Fellow at the Peterson Institute for International Economics. Today, he joins the show to discuss his new book The Paradox of Risk: Leaving the Monetary Policy Comfort Zone. Ángel argues that the Federal Reserve has become too afraid to take risks when implementing new policies. Instead, he offers alternative proposals aimed to move monetary policy out of its comfort zone. David and Ángel also discuss the Eurozone crisis, the ECB, and using more effective communication, accountability, and greater transparency to minimize biases within monetary policy.