Gianluca Benigno on the Basics and Policy Functionality of R** and the Dollars Imperial Circle

Published: May 29, 2023, 4:30 a.m.

Gianluca Benigno is a professor of economics at the University of Lausanne and was formerly a senior staffer and economist at the Federal Reserve Bank of New York, an economist at the Bank of England, and worked at the London School of Economics. Gianluca joins Macro Musings to talk about financial conditions in r**, his work on *The Dollar\u2019s Imperial Circle,* and more. David and Gianluca also discuss the importance of liquidity in a New Keynesian framework, the origins and purpose of the Global Supply Chain Pressure Index, the \u201cGlobal Financial Resource Curse,\u201d and a lot more.

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Transcript for this week\u2019s episode

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Gianluca\u2019s Twitter: @BenignoGianluca

Gianluca\u2019s website

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David Beckworth\u2019s Twitter:\xa0@DavidBeckworth

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Related Links:

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*The Dollar\u2019s Imperial Circle* by Gianluca Benigno, Ozge Akinci, Serra Pelin, and Jon Turek

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*The Financial (In)Stability Real Interest Rate, R*** by Gianluca Benigno, Ozge Akinci, Marco Del Negro, and Albert Queralto

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*Interest, Reserves, and Prices* by Gianluca Benigno and Pierpaolo Benigno

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*The Financial Resource Curse* by Gianluca Benigno and Luca Fornaro

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*The Global Financial Resource Curse* by Gianluca Benigno, Luca Fornaro and Martin Wolf