March 26, 2018

Macro Musings 99: Edward Nelson on Money, its Role within Monetary Policy, and the Monetarist Legacy

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.

Ed Nelson is a senior advisor at the Federal Reserve Board of Governors and formerly worked at the St. Louis Federal Reserve Bank and the Bank of England. Today, he joins the show to discuss his research on the role of money in business cycles. David and Ed also discuss nominal income targeting, Milton’s Friedman’s influence on monetary economics, and Australia’s successful monetary policy performance.