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Markus Brunnermeier is a professor of economics and the director of the Bendheim Center for Finance at Princeton University. Markus is also a nonresident senior fellow at the Peterson Institute for International Economics. Markus joins Macro Musings to discuss his new book, titled \\u201cThe Resilient Society,\\u201d as well as his work on safe assets and their implications for inflation. Specifically, David and Markus discuss the implications of the fiscal theory of the price level for inflation, the role of the Fed in stabilizing money markets, what is meant by \\u201cresilience\\u201d compared to \\u201crobustness\\u201d in economies, and much more.

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Transcript can be found here.

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Markus\\u2019s Twitter: @MarkusEconomist

Markus\\u2019s Princeton profile: https://scholar.princeton.edu/markus/home

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Related Links:

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*The Fiscal Theory of the Price Level with a Bubble* by Markus Brunnermeier

https://scholar.princeton.edu/markus/publications/fiscal-theory-price-level-bubble

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*The Resilient Society* by Markus Brunnermeier

https://bcf.princeton.edu/the-resilient-society/

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*What Makes US Government Bonds Safe Assets?* by Zhiguo He, Arvind Krishnamurthy, and Konstantin Milbradt

https://www.aeaweb.org/articles?id=10.1257/aer.p20161109

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David\\u2019s Twitter: @DavidBeckworth

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