Podcasts Business Non-Profit Macro Musings with David Beckworth Megan Greene and Eric Lonergan on Dual Interest Rates and the Prospects of Average Inflation Targeting

Megan Greene and Eric Lonergan on Dual Interest Rates and the Prospects of Average Inflation Targeting

Published: Oct. 5, 2020, 4:30 a.m.

b'

Megan Greene is a global economist and Senior Fellow at Harvard University School, and Eric Lonergan is an economist and macro fund manager at M&G Investments. Both Megan and Eric are returning guests of the show, and they re-join Macro Musings to discuss dual interest rates and the potential power it brings to central banks. Specifically, they discuss the current constraints on central banks\\u2019 toolkit, how the example of the ECB targeting TLTRO\\u2019s illustrates the potential of dual interest rates, why the concern over fiscal versus monetary policy is misunderstood, and whether the Fed\\u2019s new average inflation targeting mandate can be successfully implemented.

\\xa0

Transcript for the episode can be found here.

\\xa0

Megan\\u2019s Twitter: @economistmeg

Megan\\u2019s website: https://economistmeg.com/about/

Megan\\u2019s Financial Times archive: https://www.ft.com/megan-greene

\\xa0

Eric\\u2019s Twitter: @ericlonners

Eric\\u2019s blog: https://www.philosophyofmoney.net/

Eric\\u2019s M&G Investments profile: https://www.mandg.co.uk/investor/fund-managers/eric-lonergan/

\\xa0

Related Links:

\\xa0

*Dual Interest Rates Give Central Banks Limitless Firepower* by Eric Lonergan and Megan Greene

https://voxeu.org/article/dual-interest-rates-give-central-banks-limitless-fire-power

\\xa0

*A Misplaced Faith in the Power of Central Banks* by Greg Ip

https://www.wsj.com/articles/a-misplaced-faith-in-the-power-of-central-banks-11583256163

\\xa0

David\\u2019s Twitter: @DavidBeckworth

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

'