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In this special Macro Musings episode, David is back in the spotlight, as he is interviewed by Claudia Sahm, director of macroeconomic policy at the Washington Center for Equitable Growth, as a guest on her *Stay-at-Home Macro Podcast*. David and Claudia discuss nominal GDP targeting at length, as they dive into what it is, why it\u2019s important, and how it could be implemented in the wake of COVID-19. They also talk about the communication problems related to introducing NGDP targeting as well as David\u2019s proposal for reforming the Fed\u2019s current policies.

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Special thank you to Claudia for letting us air this episode as a part of the Macro Musings catalog!

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Transcript for the episode can be found here.

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David\u2019s Twitter: @DavidBeckworth

David\u2019s blog: http://macromarketmusings.blogspot.com/

David\u2019s Mercatus profile: https://www.mercatus.org/scholars/david-beckworth

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Claudia\u2019s Twitter: @Claudia_Sahm

Claudia\u2019s Equitable Growth profile: https://equitablegrowth.org/people/claudia-sahm/

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Related Links:

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Link to the original podcast: https://www.youtube.com/watch?v=1rHBQ-o8vDA

Homepage for Claudia\u2019s podcast: http://macromomblog.com/sahmpodcast/

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*Facts, Fears, and Functionality of NGDP Level Targeting* by David Beckworth

https://www.mercatus.org/publications/monetary-policy/facts-fears-and-functionality-ngdp-level-targeting

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*Measuring Monetary Policy: the NGDP Gap* by David Beckworth

https://www.mercatus.org/publications/monetary-policy/measuring-monetary-policy-ngdp-gap

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*COVID-19 Pandemic, Direct Cash Transfers, and the Federal Reserve* by David Beckworth

https://www.mercatus.org/publications/covid-19-policy-brief-series/covid-19-pandemic-direct-cash-transfers-and-federal

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*NGDP Targeting and the Public* by Carola Binder

https://www.cato.org/cato-journal/spring/summer-2020/ngdp-targeting-public