Macro Musings podcast

leo25

Well-Known Member
Silver Stacker
Came across this podcast and found it to be fantastic. A lot of good info on how the system works.
These are a few that i found to be really good.

Feb 18th 2019 - Peter Stella on Debt, Safe Assets, and Central Bank Operations

https://macromusings.libsyn.com/144-peter-stella-on-debt-safe-assets-and-central-bank-operations

Jun 8th 2020 - Peter Stella on the Fed’s Off-Balance Sheet Transactions and Public Financing of the COVID-19 Crisis
https://macromusings.libsyn.com/pet...s-and-public-financing-of-the-covid-19-crisis

Oct 7th 2019 - Bill Nelson on the Repo Market Stress, the Fed's Operating System, and the Prospects for a Standing Repo Facility
https://macromusings.libsyn.com/bil...nd-the-prospects-for-a-standing-repo-facility

Jul 20th 2020 - Bill Nelson on the Fed’s Policy Tools in the Post-COVID Economy
https://macromusings.libsyn.com/bill-nelson-on-the-feds-policy-tools-in-the-post-covid-economy
 
July 5th 2021 - Agustin Carstens on Central Banking in Emerging Markets, the Distributional Footprint of Monetary Policy, and Central Bank Digital Currency
https://macromusings.libsyn.com/agu...tary-policy-and-central-bank-digital-currency

A quote from the BIS guy. Topic regarding Covid recovery response from CB.
We haven’t seen many bankruptcies and to some extent that surprised us. We have seen less bankruptcies than you would even have anticipated without the shock. So the question is why and of course it has to do with the huge accommodation.
 
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^ Of course they would say that.

The only reason why there may have been any drop in bankruptcy rates in Australia was that the government put SMEs on a cash drip. That’s not accommodative monetary policy, it’s fiscal.
 
Actually, it probably helped big companies with their balance sheets, they’re the only ones that borrowed more.
 
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