From the Archives: Exploring Federal Reserve Strategies and Global Inflation with Greg Mankiw

30/07/2024 1h 23min

Listen "From the Archives: Exploring Federal Reserve Strategies and Global Inflation with Greg Mankiw"

Episode Synopsis

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

This episode is from the archives recorded on January 4th, 2023. In this lecture in front of a live audience, Professor Kotlikoff engages in a deep and insightful discussion with Greg Mankiw, a Professor of Economics at Harvard University, chairman of the Council of Economic Advisers for President George W. Bush, and a widely respected figure in the field of macroeconomics. Greg Mankiw’s influence on economic thought and policy is profound and wide-reaching, from his extensive academic publications to his hands-on experience in shaping national economic policy. Known for his prolific writing and his influential textbook "Principles of Economics," Mankiw's expertise delivers a nuanced perspective on multifaceted economic issues.

Topics Covered:

Monetary Policy and Federal Reserve Critiques
Impact of COVID on Supply Chains and Inflation
US-China Economic Relations
Fiscal Stimulus and Inflation


Time Stamps:

00:00 Greg is a successful economist and author with impressive credentials.


08:23 Market expects more interest rate increases, worrying.


11:54 Inflation mainly affects supply side; real shocks.


18:29 Recent fiscal and monetary policies differ significantly.


21:32 Fed tightening affects housing and employment adversely.


26:41 Fed should have tightened earlier due to promises.


36:14 China's growth rates and economic impact.


43:07 Supply chain diversification impacting trade and inflation.


45:53 Questioning the effectiveness of targeted fiscal stimulus.


53:49 Chairman gains valuable experience, feels burnt out.


59:08 Attempting to sanction China would face challenges.


01:01:42 Economics encompasses various activities and career options.


01:09:47 International carbon tax proposal faces political challenges.


01:12:53 Putin's war has imposed a carbon tax.


01:18:35 GOP largely silent, risking political futures.


This conversation provides you with an enriched understanding of complex economic principles and real-world implications, making it a must-listen for anyone interested in the nuances of national and international economic policies.
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Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

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