What else can we try? Central Bank Reserve as Monetary Tools?

John Cochrane talks about Fiscal Theory of Price Level and how can we apply this theory on the current macroeconomy.

The honorable guest for this installment is Joseph E. Gagnon, senior fellow at Peterson Institute for International Economics (PIIE). We discussed one of his latest research paper "Unconventional Monetary and Exchange Rate Policies" and the new book he coauthored with C. Fred Bergsten, "Currency Conflict and Trade Policy: A New Strategy for the United States". Gagnon also shared his view on the very popular "Global Financial Cycle" ideas.

Branko Milanovic discusses whether the study of inequality can be considered as part of macroeconomics and how should macroeconomists incorporate his idea of Kuznets Waves into their models.

Welcome! This is the first installment of our interview series "Where is the General Theory of the 21st Century?""Where is the General Theory of...