2025-09-22
56 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 with the Mercatus Center at George Mason University,
and I'm glad you decided to join us.
Our guest today is Mark Giannani.
Mark is a managing director and the chief U.S. economist at Barclays Capital.
Mark is also a veteran of the Federal Reserve System and the Swiss National Bank.
Mark joins us today to discuss the Fed's framework review,
Fed independence, the future of our star, and more.
Mark, welcome to the program.
Thank you very much for having me, Dave.
Well, it's great to have you on now.
I think I first ran into you at a Hoover Monetary Policy conference.
You may not remember this,
but I was sitting down on those roundtables for a lunch or dinner and you were there and you introduced yourself.
I was like, ah, Mark Giannani,
I loved your 2006 Aries TAP paper has monetary policy become more effective and we'll get to that later in the program.
because that was one of my favorite papers in a long time and deals with identification and the challenges we face as macroeconomists.