I am an assistant professor of economics at Texas State University in San Marcos, Texas. I am using this blog as an outlet to express my ideas, concerns, and questions on macroeconomics and markets.
Recent Blog Posts by David Beckworth
- Narayana Kocherlakota on Safe Assets and the Natural Interest Rate
- Abenomics Confusion
- The Seen and Unseen: Structural Budget Deficits Edition
- Is Monetary Policy Capable of Offsetting Fiscal Austerity?
- Is Monetary Policy Capable of Offsetting Fiscal Austerity?
- The Ongoing Dereliction of Duty
- Why Inflation with a Large Output Gap?
- Fiscal Austerity is Happening Now
- Why is There Still a Shortage Safe Assets?
- The Waldman-Krugman-Sumner Debate: It’s the IOER Path
- The Waldman-Krugman-Sumner Debate: It’s the IOER Path
- Michael Woodford Continues to Do God’s Work
- The Biggest Myth About the Fed
- Bond Vigilantes to the Rescue
- Target Household Income
- Are the Green Shoots For Real?
- More NGDP Targeting Concerns: Gavyn Davies Edition
- Was Hyperinflation the Intended Outcome?
- Is the Fed Buying Up All the Treasury Debt?
- This Can’t Be Tyler Cowen
- Is There Really Excess Money Demand After All These Years?
- QE3 and the Fed’s Shaping of Global Monetary Policy
- Fed Uncertainty
- The Fed Is Inching Closer to a NGDP Level Target
- When Monetary and Fiscal Policy Collide: The Interesting Case of Floating Rate Notes
- The Epic Failure of Central Banking
- Remembering the Real Milton Friedman
- Mario Draghi Shows the Power of Expectations
- Chuck Norris Central Banking Promoted by Fed Official
- It’s 2012, Not 2002
- The ECB Is Passively Tightening
- Another Nail in the Coffin
- Flexible Inflation Targeting Is Just Fine
- It Is Never Too Late: Global Economic Collapse Edition
- Monetary Policy Change James Hamilton Can Believe In
- The Best Fed News of the Week
- David Andolfatto Can Feel More Confident About NGDP Targeting
- Bernanke: ‘Read My Lips, Not My Japan Papers!’
- The Bernanke Conundrum and Level Targeting
- Obama Needs His FDR Moment
- Is There Really an Aggregate Demand Problem?
- John Taylor Reveals His Inner Market Monetarism
- Germany Stiffs the ECB
- Don’t Worry, Be Happy: Treasury Yield Edition
- Eeyore and Tigger Show the Failings of U.S. Monetary Policy
- Greg Ip on Safe Assets as Money
- The ‘What Would Milton Friedman Say?’ Whack-a-Mole Game
- Chart of the Day: Inflation Expectations and S&P 500
- This Is What Ails Europe
- What Is Money?
- Christina Romer: We Need a Regime Change at the Fed
- The New York Fed Acknowledges the Fed’s Superpower Status
- Ramesh Ponnuru, Ron Paul, and the Gold Standard
- Some Thoughts for St. Louis Fed’s James Bullard
- Can Raising Interest Rates Spark a Robust Recovery?
- The Cyclical Dimension of the Safe Asset Problem
- If Only Bloggers Ran the Fed…
- Yes, the Fed Still Has a Communication Problem
- The FOMC Confuses Me
- The Shining Star of Europe?
- How to Fix the ECB’s Communication Problem
- Is There Really a German Bias at the ECB?
- FOMC Decides to Focus on the Rudder, Not the Destination
- What Really Caused the Crisis?
- The Real Negative Real Shock
- Much Ado About Nothing: Financial Repression Edition
- Bill Gross Forgets About the Natural Interest Rate
- Why the Global Shortage of Safe Assets Matters
- Which Graph Best Summarizes the Eurozone Crisis?
- Evidence for the Monetary View of the Eurozone Crisis
- The Merkelian Reich
- The ECB Needs the Fed Now More Than Ever
- The Fed Gets Schooled Again: Swiss Central Bank Edition
- Some Evidence on the Importance of Expectations
- Who Said This?
- The Godfather (of nominal GDP targeting) Speaks
- The Six Myths of U.S. Monetary Policy During the Great Recession
- An IS-LM Model That Almost Has It All
- FOMC: We Got a Money Demand Problem
- The Geithner Plan to Save Europe Is Not Enough
- Actually, the Markets Did Drive Down Their Growth Forecasts Because of the Fed
- Twist and Yawn
- Maybe FDR Should Get More Blame
- The Fed Gets Schooled Again on Central Banking: The Swiss National Bank Edition
- Michael Woodford Explains the Problem with Fed Policies
- Central Banks Still Have Much Ammunition
- The Other Side of Household Balance Sheets
- It’s Getting Ugly
- Will the FOMC Repeat the Mistake of September, 2008?
- The Three Year Tightening Cycle of U.S. Monetary Policy
- Is Weak Aggregate Demand Really the Main Problem?
- I Hate to Keep Making this Point, But it Needs to Be Said
- How Long Until Employment Recovers?
- Market Share of Mortgage Debt Outstanding
- More Eurozone Burning While the ECB Fiddles
- The ECB Monetary Policy Mess in One Picture
- Fiddling While the Eurozone Burns
- How Effective Is Monetary Policy?
- The Fed and Its Impact on the Global Economy
- The Original QE Program: A Smashing Success
- Blogger’s View of the Fed
- The ECB Wakes Up to Reality, Sort of
- Gresham’s Law in the Eurozone, Again
- The Countdown Has Begun for the Eurozone Breakup
- The National Review on Monetary Policy
- Why We Need NGDP Level Targeting
- The Three Monetary Systems During the Civil War
- The Metric You Should Be Watching But Aren’t
- Is the ECB Actually Targeting the Monetary Base?
- Higher Oil Prices Do Not Equal Higher Trend Inflation
- You Know ECB Monetary Policy Is Tight When…
- They Did It, They Did, They Did It!
- Yes, Monetary Policy Does Matter
- Four Questions for Ben Bernanke on His Global Saving Glut Hypothesis
- Is the U.S. Treasury Department Undermining QE2?











