Jon Hartley on the Legacy of John Taylor and his New Measure of R-Star

约翰·哈特利论约翰·泰勒的遗产及其对R星的新度量方法

Macro Musings with David Beckworth

2025-09-29

1 小时 4 分钟
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Jon Hartley is a macroeconomist and affiliated scholar at the Mercatus Center. Jon returns to the show to discuss the most recent Hoover Monetary Conference, the legacy of John Taylor, why central banks should be using his new measure of r-star, the status of debt management at the US Treasury, and much more. Check out the transcript for this week’s episode, now with links. Recorded on August 26th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Jon Hartley on X: @Jon_Hartley_ Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:05:56 - John Taylor’s Contributions to Economics 00:34:10 - Better Measure of R-Star 00:48:11 - The Government’s Debt Management Policy 01:03:39 - Outro
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  • 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 John Hartley.

  • John is a macro-economist and affiliated scholar and colleague of mine at the Mercatus Center.

  • John is also a returning guest to the show,

  • so check out his previous appearance if you haven't already done so.

  • Now, John, along with Michael Bordeaux and John Cochran,

  • have a new paper on John Taylor's contributions to economics,

  • and this paper was presented earlier this year at Hoover.

  • John joins us to discuss this paper as well as give us an update on our star and debt management to U.S.

  • Treasury Department.

  • John, welcome back to the program.

  • David, an honor to be here.

  • Well, it's great to have you on.

  • Now, quickly remind the listeners, you also have a podcast, great podcast I listened to as well.

  • Tell us about that briefly in case listeners don't know.