Scott Sumner on How Central Banks Should Respond to the Coronavirus Threat
Macro Musings with David Beckworth - A podcast by Mercatus Center at George Mason University - Mondays
Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University, and a returning guest to Macro Musings. Scott joins the show today to talk about the recent market turmoil caused by the COVID-19 coronavirus and its implications for monetary policy. David and Scott also discuss how the Fed should respond to a possible pandemic, why monetary policy is preferable to fiscal policy during a crisis, and how to approach the central bank credibility problem.
Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings
Scott’s blog: https://www.themoneyillusion.com/
Scott’s Mercatus profile: https://www.mercatus.org/scholars/scott-sumner
Related Links:
*It’s Time for the Fed to Take On the Coronavirus Threat* by David Beckworth
https://www.nationalreview.com/2020/02/its-time-for-the-fed-to-take-on-the-coronavirus-threat/
*The Era of Fed Power is Over. Prepare for a More Perilous Road Ahead.* by Greg Ip
David’s blog: macromarketmusings.blogspot.com
David’s Twitter: @DavidBeckworth
