David Beckworth
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Senior Research Fellow
David Beckworth is a senior research fellow at the Mercatus Center at George Mason University and director of the Mercatus Center’s monetary policy program. His primary research focuses on the targets, tools, operating system, and governance of the Federal Reserve, and has included work on the US Treasury market, the safe asset shortage, and dollar dominance. He has advised congressional staffers and Fed officials on monetary policy and has been cited by the Wall Street Journal, Financial Times, New York Times, Bloomberg Businessweek, and the Economist.
Beckworth is also the host of Macro Musings, a weekly podcast on macroeconomics, where, since 2016, he has interviewed hundreds of experts, including regional presidents of the Federal Reserve, Nobel laureates, and leading academics from around the world. He is the author of Boom and Bust Banking: The Causes and Cures of the Great Recession (Independent Institute, 2012). Formerly an international economist at the US Department of the Treasury, he earned his PhD in economics from the University of Georgia.
Latest Work
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Kathryn Judge on the Importance of Emergency Lending Facilities at the Federal Reserve

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Breaking up Is Hard To Do | Macroeconomic Policy Nexus
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Paul Blustein on the Rise, Dominance, and Current Challenges to King Dollar

- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Trump’s Tariffs | Newt’s World
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
A New Plumbing System for Central Banks? | Macroeconomic Policy Nexus
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Bill Nelson on the Future of Central Bank Operating Systems

- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
If Tariffs Aren’t the Solution for America’s Economy, What Is? | Lars Larson Show
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Breaking Down the March Jobs Report | New York Stock Exchange TV
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
From 'Liberation Day' to Stagflation's Return? | Macroeconomic Policy Nexus
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Lincicome on the Trump Trade War

Latest Work
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Kathryn Judge on the Importance of Emergency Lending Facilities at the Federal Reserve

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Breaking up Is Hard To Do | Macroeconomic Policy Nexus
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Paul Blustein on the Rise, Dominance, and Current Challenges to King Dollar

- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Trump’s Tariffs | Newt’s World
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
A New Plumbing System for Central Banks? | Macroeconomic Policy Nexus
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Bill Nelson on the Future of Central Bank Operating Systems

- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
If Tariffs Aren’t the Solution for America’s Economy, What Is? | Lars Larson Show
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Breaking Down the March Jobs Report | New York Stock Exchange TV
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
From 'Liberation Day' to Stagflation's Return? | Macroeconomic Policy Nexus
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Lincicome on the Trump Trade War

Latest Work
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Measuring Macroeconomic Policy: the NGDP Gap
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Fed’s 2024–25 Framework Review: Optimizing the Dual Mandate Through Nominal GDP Level Targeting
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Neutral Level of NGDP and the NGDP Gap: Q1 2024
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Neutral Level of NGDP and the NGDP Gap: Q4 2023
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Neutral Level of NGDP and the NGDP Gap: Q3 2023
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Neutral Level of NGDP and the NGDP Gap: Q2 2023
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Neutral Level of NGDP and the NGDP Gap: Q1 2023
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Neutral Level of NGDP and the NGDP Gap: Q4 2022
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Neutral Level of NGDP and the NGDP Gap: Q3 2022
Latest Work
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Kathryn Judge on the Importance of Emergency Lending Facilities at the Federal Reserve

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Paul Blustein on the Rise, Dominance, and Current Challenges to King Dollar

- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Trump’s Tariffs | Newt’s World
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Bill Nelson on the Future of Central Bank Operating Systems

- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
If Tariffs Aren’t the Solution for America’s Economy, What Is? | Lars Larson Show
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Breaking Down the March Jobs Report | New York Stock Exchange TV
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Lincicome on the Trump Trade War

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Lyman Stone on Demographic and Marriage Decline

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Athanasios Orphanides on Real-Time Monetary Rules and their Impact on the Fed’s Framework Review

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Dean Ball on the Past, Present, and Future of AI

Latest Work
Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Breaking up Is Hard To Do | Macroeconomic Policy Nexus
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
A New Plumbing System for Central Banks? | Macroeconomic Policy Nexus
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
From 'Liberation Day' to Stagflation's Return? | Macroeconomic Policy Nexus
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Once Bitten, Twice Shy | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Pronatalism as Macroeconomic Policy | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Don’t Throw Out the Makeup Policy Baby With the Fait Bathwater | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Welcome to Macroeconomic Policy Nexus! | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Fed Needs To Learn from Its Inflation Mistakes – The Biggest Lesson | Barron’s
- | Regulation Regulation
- | Expert Commentary Expert Commentary
What We Would Ask Chair Powell at This Week’s Congressional Hearings | FinRegRag
- | Monetary Policy Monetary Policy
- | Event Video Event Video