Podcasts Business Non-Profit Macro Musings with David Beckworth Alp Simsek on a Risk-Centric View of Demand, Recession, and Speculation

Alp Simsek on a Risk-Centric View of Demand, Recession, and Speculation

Published: May 27, 2020, 4:30 a.m.

Alp Simsek is an associate professor of economics at MIT, and joins Macro Musings to talk about the link between financial markets, uncertainty and the COVID-19 crisis. Specifically, David and Alp discuss the dual absorption problem within financial markets, how supply shocks and demand shocks have inescapably become interwoven phenomenon, and why we should look to using macroprudential policy in the future.

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The transcript for the episode can be found here.

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Alp\u2019s Twitter: @alpsimsek_econ

Alp\u2019s MIT profile: https://economics.mit.edu/faculty/asimsek

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Related Links:

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Bonus segment with Alp: https://youtu.be/eoGxYcWmH9E

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*A Risk-centric Model of Demand Recessions and Speculation* by Ricardo Caballero and Alp Simsek

https://www.nber.org/papers/w23614

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*A Model of Asset Price Spirals and Aggregate Demand Amplification of a \u2018COVID-19\u2019 Shock* by Ricardo Caballero and Alp Simsek

https://www.nber.org/papers/w27044

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*Prudential Monetary Policy* by Ricardo Caballero and Alp Simsek

https://www.nber.org/papers/w25977

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David\u2019s blog: macromarketmusings.blogspot.com
David\u2019s Twitter: @DavidBeckworth