BROADCASTS.com

In this special episode of Macro Musings, David Beckworth and Patrick Horan join guest host Carola Binder to discuss their newest paper, *The Fate of FAIT: Salvaging the Fed\u2019s Framework.* Patrick Horan is a research fellow in the Mercatus Center\u2019s Monetary Policy Program and Carola Binder is an associate professor of economics at Haverford College as well as a visiting scholar at the Mercatus Center. In addition to their paper, Pat and David also talk about the basics of flexible average inflation targeting, how it compares to temporary price level targeting, the differences between the Fed\u2019s old and new frameworks, and a lot more.

\xa0

Transcript for the episode can be found here.

\xa0

Check out our new Macro Musings merch here, and use the promo code NGDP for 10% off!

\xa0

Patrick\u2019s Twitter: @Pat_Horan92

Patrick\u2019s Mercatus profile

\xa0

Carola\u2019s Twitter: @cconces

Carola\u2019s Haverford site

Carola\u2019s Mercatus profile

\xa0

David\u2019s Twitter:\xa0@DavidBeckworth

Follow us on Twitter:\xa0@Macro_Musings

Click\xa0here\xa0for the latest Macro Musings episodes sent straight to your inbox!

\xa0

Related Links:

\xa0

*The Fate of FAIT: Salvaging the Fed\u2019s Framework* by David Beckworth and Patrick Horan

\xa0

*2020 Statement on Longer-Run Goals and Monetary Policy Strategy* by the Federal Reserve Board of Governors

\xa0

*Fed Framework Holds Central Bank Hostage* by Mohamed El-Erian

\xa0

*Nominal GDP Targeting and the Taylor Rule on an Even Playing Field* by David Beckworth and Josh Hendrickson