Ethan Ilzetzki's guest appearances

Ethan Ilzetzki

Macro Musings with David Beckworth

Tyler Cowen

Ramesh Ponnuru

Fannie Mae

Sebastian Edwards

Alex Nowrasteh

Diego Zuluaga

Steve Horwitz

Felix Salmon

Alan Greenspan

Binyamin Appelbaum

Anat Admati

Noah Smith

Robert Hall

George Selgin

Scott Sumner

OwlTail

Ethan Ilzetzki is an associate professor of economics at the London School of Economics and a research fellow with the Center for Economic Policy Research. Ethan is also a returning guest to the show, and he rejoins David on Macro Musings to talk about the international implications of Fed Policy and the strong dollars as well as Ethan’s thoughts on business cycle theory in light of the recent inflation surge. David and Ethan also discuss Ethan’s takeaways from the UK crisis, how to evaluate and contextualize monetary policy shocks, the contemporary applications of the fiscal theory of the price level, and more.   Transcript for the episode can be found  here.   Check out our new Macro Musings merch here, and use the promo code NGDP for 10% off!   Ethan’s Twitter: @ilzetzki Ethan’s website Ethan’s LSE profile   David’s Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox!   Related Links:    *UK Financial Crisis of 2022: Retrospective Diagnosis and Policy Recommendations* by Ethan Ilzetzki    *Exchange Arrangements Entering the Twenty-First Century: Which Anchor Will Hold?* by Ethan Ilzetzki, Carmen Reinhart, and Kenneth Rogoff    *Inflation as a Fiscal Limit* by Francesco Bianchi and Leonardo Melosi    *The Global Financial Cycle* by Helene Rey and Silvia Miranda-Agrippino

Ethan Ilzetzki is an associate professor of economics at the London School of Economics and a research fellow with the Center for Economic Policy Research. Ethan is also a returning guest to the show, and he rejoins David on Macro Musings to talk about the international implications of Fed Policy and the strong dollars as well as Ethan’s thoughts on business cycle theory in light of the recent inflation surge. David and Ethan also discuss Ethan’s takeaways from the UK crisis, how to evaluate and contextualize monetary policy shocks, the contemporary applications of the fiscal theory of the price level, and more. Transcript for the episode can be found <a href="https://www.mercatus.org/macro-musings/ethan-ilzetzki-international-implications-fed-policy-business-cycle-theory-and-uk" rel="nofollow" target="_blank"> here.</a> Check out our new Macro Musings merch <a href="https://www.bonfire.com/store/mercatus-podcast-swag/" rel="nofollow" target="_blank">here</a>, and use the promo code NGDP for 10% off! Ethan’s Twitter: <a href="https://twitter.com/ilzetzki" rel="nofollow" target="_blank">@ilzetzki</a> Ethan’s <a href="https://www.ilzetzki.com/" rel="nofollow" target="_blank">website</a> Ethan’s LSE <a href="https://www.lse.ac.uk/economics/people/faculty/ethan-ilzetzki" rel="nofollow" target="_blank">profile</a> David’s Twitter: <a href="https://twitter.com/DavidBeckworth" rel="nofollow" target="_blank">@DavidBeckworth</a> Follow us on Twitter: <a href="https://twitter.com/Macro_Musings" rel="nofollow" target="_blank">@Macro_Musings</a> Click <a href="https://www.mercatus.org/mercatus-podcast-newsletters" rel="nofollow" target="_blank">here</a> for the latest Macro Musings episodes sent straight to your inbox! Related Links: <a href="https://www.ilzetzki.com/_files/ugd/b3763a_531631a3ee1f456d9c7a23961aa61b4f.pdf" rel="nofollow" target="_blank"> *UK Financial Crisis of 2022: Retrospective Diagnosis and Policy Recommendations*</a> by Ethan Ilzetzki <a href="https://scholar.harvard.edu/files/rogoff/files/ilzetki_reinhart_rogoff_qje_2019_2.pdf" rel="nofollow" target="_blank"> *Exchange Arrangements Entering the Twenty-First Century: Which Anchor Will Hold?*</a> by Ethan Ilzetzki, Carmen Reinhart, and Kenneth Rogoff <a href="https://www.kansascityfed.org/Jackson%20Hole/documents/9037/JH_Paper_Bianchi.pdf" rel="nofollow" target="_blank"> *Inflation as a Fiscal Limit*</a> by Francesco Bianchi and Leonardo Melosi <a href="http://www.helenerey.eu/Content/_Documents/MirandaAgrippino_Rey_Handbook.pdf" rel="nofollow" target="_blank"> *The Global Financial Cycle*</a> by Helene Rey and Silvia Miranda-Agrippino

Ethan Ilzetzki on the International Implications of Fed Policy, Business Cycle Theory, and the UK Crisis

Ethan Ilzetzki is an assistant professor of economics at the London School of Economics and a research affiliate at the Centre for Economic Policy Research. He joins the show to discuss exchange rate regimes, anchor currencies, and the new Triffin dilemma. Ethan points out how the U.S. dollar is connected to a staggering 70 percent of global GDP. David and Ethan discuss what the dollar’s dominant role in the global economy means for U.S. monetary policy, both at home and abroad. David’s blog: http://macromarketmusings.blogspot.com/ Ethan Ilzetzki’s LSE profile: http://personal.lse.ac.uk/ilzetzki/index.htm/ David’s Twitter: @DavidBeckworth Ethan Ilzetzki’s Twitter: @ilzetzki Related links: “Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?” by Ethan Ilzetzki (with Carmen Reinhart and Kenneth Rogoff) http://personal.lse.ac.uk/ilzetzki/index.htm/Research/Ilzetzki&amp;Reinhart&amp;Rogoff.pdf “How Big (Small?) are Fiscal Multipliers?” by Ethan Ilzetzki (with Enrique G. Mendoza and Carlos A. Vegh) http://www.sciencedirect.com/science/article/pii/S030439321200116X

Ethan Ilzetzki is an assistant professor of economics at the London School of Economics and a research affiliate at the Centre for Economic Policy Research. He joins the show to discuss exchange rate regimes, anchor currencies, and the new Triffin dilemma. Ethan points out how the U.S. dollar is connected to a staggering 70 percent of global GDP. David and Ethan discuss what the dollar’s dominant role in the global economy means for U.S. monetary policy, both at home and abroad. David’s blog: <a href="http://macromarketmusings.blogspot.com/" rel="nofollow" target="_blank">http://macromarketmusings.blogspot.com/</a> Ethan Ilzetzki’s LSE profile: <a href="http://personal.lse.ac.uk/ilzetzki/index.htm/" rel="nofollow" target="_blank">http://personal.lse.ac.uk/ilzetzki/index.htm/</a> David’s Twitter: @DavidBeckworth Ethan Ilzetzki’s Twitter: @ilzetzki Related links: “Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?” by Ethan Ilzetzki (with Carmen Reinhart and Kenneth Rogoff) <a href="http://personal.lse.ac.uk/ilzetzki/index.htm/Research/Ilzetzki&amp;Reinhart&amp;Rogoff.pdf" rel="nofollow" target="_blank">http://personal.lse.ac.uk/ilzetzki/index.htm/Research/Ilzetzki&amp;Reinhart&amp;Rogoff.pdf</a> “How Big (Small?) are Fiscal Multipliers?” by Ethan Ilzetzki (with Enrique G. Mendoza and Carlos A. Vegh) <a href="http://www.sciencedirect.com/science/article/pii/S030439321200116X" rel="nofollow" target="_blank">http://www.sciencedirect.com/science/article/pii/S030439321200116X</a>

56 – Ethan Ilzetzki on the U.S. Dollar as an Anchor Currency