2026-07-13
57 分钟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 Beckworth, a Senior Research Fellow at the Mercatus Center at George Mason University,
and I'm glad you decided to join us.
Our guest today is Stefan Luck.
Stefan works at the New York Federal Reserve Bank and has written widely on financial stability and recently released,
along with his co-authors, a sweeping historical study of U.S.
Bank runs that covers a long sweep of history.
In the 19th and 20th century.
He joins us today to discuss this work and its implications for financial stability today,
as well as some of his other work on stablecoins and their German hyperinflation.
Stefan, welcome to the podcast.
Thank you so much, David.
It's really a pleasure to be here.
I'm, of course, a huge fan of your show,
which I consider really a massive public good, a super interesting show,
and really an honor to be here to talk to you.
Well, thank you for listening, and thank you for coming on.
Now, we recently met at the Wharton Financial Regulation Conference that Peter Conte Brown and others hosted,
and you had a great presentation, which is really what led to you coming on here.