Basil Halperin on Macroeconomic Policy in an Age of Transformative AI

巴齐尔·哈尔佩林谈转型AI时代的宏观政策

Macro Musings with David Beckworth

2026-04-27

56 分钟
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单集简介 ...

Basil Halperin is an assistant professor of economics at the University of Virginia. In Basil's first appearance on the show he discusses the famous but flawed Citrini essay, why Silicon Valley's growth expectations aren't showing up yet in interest rates, the impact of Less Than Zero by George Selgin, what the true frictions in the economy are, the differences between Calvo and menu-cost pricing, the impact of transformational AI on emerging economies and the housing market, and much more. Watch the full length video on our new YouTube Channel! Check out the transcript for this week's episode, now with links. Recorded on March 27th, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Basil Halperin on X: @BasilHalperin Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:02:20 - Global Intelligence Crisis 00:07:04 - Transformative AI and Interest Rates 00:21:05 - Optimal Monetary Policy Under Menu Costs 00:48:13 - Transformative AI and its Macro Implications 00:55:41 - Outro
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  • Welcome to Macro Musings, where each week we pull back the curtain on the most important

  • macroeconomic issues of the past, present, and future.

  • I'm your host, David Beckworth, a senior research fellow at the Mercatus Center at George Mason University,

  • and I'm glad you 've decided to join us.

  • Our guest today is Basil Halperin.

  • Basil is an assistant professor of economics at the University of Virginia,

  • where he works on the important and super interesting intersection of macroeconomics and AI.

  • He joins us today to help us make sense of where the economy is going and what AI might mean for macroeconomics.

  • Basil, welcome to the program.

  • Thanks, David.

  • Been listening since day one.

  • So excited to be here.

  • Yeah, we go way back.

  • And I was trying to think where we first connected.

  • I know it was somewhere in the blogosphere.

  • Scott Sumner's in the picture there somewhere, too.

  • What is your recollection where our paths first crossed?

  • You know, I think I do have a precise memory of that.

  • So I was a longtime reader of your blog and the econ blogosphere more generally.

  • That's sort of how I got sucked into econ.