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Mike Bird is a reporter for *The Wall Street Journal* and covers global economics and markets from the Journal\u2019s London office. Today, he joins the show to discuss recent developments in central banking across the world. David and Mike discuss how the Eurozone has dealt with some of the serious turmoil it has faced in recent years as well as Japan\u2019s \u201cAbenomics\u201d program geared toward raising inflation and implementing structural reforms. Finally, Mike shares his thoughts on the Fed\u2019s plan to reduce its balance sheet and what impact that will have on the global economy. [To rate an review this podcast, go to: https://itunes.apple.com/us/podcast/macro-musings/id1099277290?mt=2 Then, leave your information at: https://www.mercatus.org/macromusings ] David\u2019s blog: macromarketmusings.blogspot.com Macro Musings podcast site: macromusings.com David\u2019s Twitter: @DavidBeckworth Mike Bird\u2019s WSJ archive: https://www.wsj.com/news/author/8326 Mike Bird\u2019s Twitter: @Birdyword Related links: \u201cECB Taper Promises to Set Off Ripples Across Many Markets\u201d by Mike Bird https://www.wsj.com/articles/ecb-stimulus-unwind-could-have-broad-knock-on-effect-1508670002 \u201cA Decade After the Crisis, King Dollar is the World\u2019s Tyrant\u201d by Mike Bird https://www.wsj.com/articles/a-decade-after-the-crisis-king-dollar-is-the-worlds-tyrant-1511697601