Hanno Lustig on Fiscal Dominance, Inflation, and the Effects of Long-term Interest Rate Decline

Published: Sept. 5, 2022, 4:30 a.m.

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Hanno Lustig is a professor of finance at Stanford University and a senior fellow at the Stanford Institute for Economic Policy Research. Hanno is also a former guest on Macro Musings and rejoins the podcast to talk about fiscal dominance, global inflation, interest rates, wealth and equality, and Eurozone challenges. David and Hanno also discuss how to reconcile Treasury yield movements with impending fiscal dominance, why we\\u2019re seeing a long-term decline in real interest rates, the early trends in post-pandemic inflation, and more.

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Transcript for the episode can be found here.

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Hanno\\u2019s Twitter: @HannoLustig

Hanno\\u2019s Stanford profile

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David\\u2019s Twitter: @DavidBeckworth

Follow us on Twitter: @Macro_Musings

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Related Links:

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*What Drives Variation in the U.S. Debt/Output Ratio? The Dogs that Didn\\u2019t Bark* by Hanno Lustig, Zhengyang Jiang, Stijn Van Nieuwerburgh, and Mindy Xiaolan

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*US Government Debt Valuation Puzzle* by Hanno Lustig, Zhengyang Jiang, Stijn Van Nieuwerburgh, and Mindy Xiaolan

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*Monetary Science, Fiscal Alchemy* by Eric Leeper

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