Darrell Duffie's guest appearances

Darrell Duffie

Macro Musings with David Beckworth

Pandemic Pulse

Bloomberg Surveillance

Tyler Cowen

Ramesh Ponnuru

Fannie Mae

Sebastian Edwards

Alex Nowrasteh

Diego Zuluaga

Steve Horwitz

Felix Salmon

Alan Greenspan

Robin Hanson

Binyamin Appelbaum

Anat Admati

Noah Smith

Robert Hall

George Selgin

OwlTail

Darrell Duffie is a professor of finance at Stanford University, and he joins Macro Musings to discuss the treasury market problems that emerged in March 2020 and what can be done to avoid them in the future. Specifically, Darrell and David lay out the current state of financial markets, the ability of treasury markets, as currently designed, to handle demand shocks, and how central banking reforms can better ensure financial stability in the future.   Register here for the Cato Institute/Mercatus Center Webinar Series - *A Fed for Next Time: Ideas for a Crisis‐​Ready Central Bank*:  https://www.cato.org/events/fed-next-time-ideas-crisis-ready-central-bank   Transcript for the episode can be found  here.   Darrell’s Twitter: @DuffieDarrell Darrell’s website: https://www.darrellduffie.com/ Darrell’s Stanford profile:  https://www.gsb.stanford.edu/faculty-research/faculty/darrell-duffie   Related Links:   Bonus segment with Darrell:  https://youtu.be/0Y3MTjgbP74   *Pass-through Efficiency in the Fed’s New Monetary Policy Setting* by Darrell Duffie and Arvind Krishnamurthy  https://www.gsb.stanford.edu/faculty-research/publications/passthrough-efficiency-feds-new-monetary-policy-setting   *The Failure Mechanics of Dealer Banks* by Darrell Duffie  https://www.aeaweb.org/articles?id=10.1257/jep.24.1.51   *Still the World’s Safe Haven? Redesigning the U.S. Treasury Market after the COVID-19 Crisis* by Darrell Duffie  https://www.brookings.edu/research/still-the-worlds-safe-haven/   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Darrell Duffie is a professor of finance at Stanford University, and he joins Macro Musings to discuss the treasury market problems that emerged in March 2020 and what can be done to avoid them in the future. Specifically, Darrell and David lay out the current state of financial markets, the ability of treasury markets, as currently designed, to handle demand shocks, and how central banking reforms can better ensure financial stability in the future. Register here for the Cato Institute/Mercatus Center Webinar Series - *A Fed for Next Time: Ideas for a Crisis‐​Ready Central Bank*: <a href="https://www.cato.org/events/fed-next-time-ideas-crisis-ready-central-bank" rel="nofollow" target="_blank"> https://www.cato.org/events/fed-next-time-ideas-crisis-ready-central-bank</a> Transcript for the episode can be found <a href="https://www.mercatus.org/macro-musings/darrell-duffie-treasury-markets-and-post-covid-path-financial-stability" rel="nofollow" target="_blank"> here.</a> Darrell’s Twitter: @DuffieDarrell Darrell’s website: <a href="https://www.darrellduffie.com/" rel="nofollow" target="_blank">https://www.darrellduffie.com/</a> Darrell’s Stanford profile: <a href="https://www.gsb.stanford.edu/faculty-research/faculty/darrell-duffie" rel="nofollow" target="_blank"> https://www.gsb.stanford.edu/faculty-research/faculty/darrell-duffie</a> Related Links: Bonus segment with Darrell: <a href="https://nam05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fyoutu.be%2F0Y3MTjgbP74&amp;data=02%7C01%7CMdupont%40mercatus.gmu.edu%7Cd920947a4e86426ce56a08d8111ef6b3%7C3935d3b92ba64346b5fc782c3b401577%7C0%7C0%7C637278171970410588&amp;sdata=4OANye560HBC81FwhZiZuWHkrpauVKOfVVIhl%2FEIc0g%3D&amp;reserved=0" rel="nofollow" target="_blank"> https://youtu.be/0Y3MTjgbP74</a> *Pass-through Efficiency in the Fed’s New Monetary Policy Setting* by Darrell Duffie and Arvind Krishnamurthy <a href="https://nam05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gsb.stanford.edu%2Ffaculty-research%2Fpublications%2Fpassthrough-efficiency-feds-new-monetary-policy-setting&amp;data=02%7C01%7CMdupont%40mercatus.gmu.edu%7Caeb43deb56074620775508d80f16b623%7C3935d3b92ba64346b5fc782c3b401577%7C0%7C0%7C637275937514602343&amp;sdata=6ar%2Fv7c%2FMW3fPVhCrVsgVneYdvnLAQHHAliHwnrsevc%3D&amp;reserved=0" rel="nofollow" target="_blank"> https://www.gsb.stanford.edu/faculty-research/publications/passthrough-efficiency-feds-new-monetary-policy-setting</a> *The Failure Mechanics of Dealer Banks* by Darrell Duffie <a href="https://nam05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.aeaweb.org%2Farticles%3Fid%3D10.1257%2Fjep.24.1.51&amp;data=02%7C01%7CMdupont%40mercatus.gmu.edu%7Caeb43deb56074620775508d80f16b623%7C3935d3b92ba64346b5fc782c3b401577%7C0%7C0%7C637275937514602343&amp;sdata=gkA3A6kD477DWt5el4Cun9AZb0IoAkebgOUwjkrUaKY%3D&amp;reserved=0" rel="nofollow" target="_blank"> https://www.aeaweb.org/articles?id=10.1257/jep.24.1.51</a> *Still the World’s Safe Haven? Redesigning the U.S. Treasury Market after the COVID-19 Crisis* by Darrell Duffie <a href="https://nam05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.brookings.edu%2Fresearch%2Fstill-the-worlds-safe-haven%2F&amp;data=02%7C01%7CMdupont%40mercatus.gmu.edu%7Caeb43deb56074620775508d80f16b623%7C3935d3b92ba64346b5fc782c3b401577%7C0%7C0%7C637275937514612335&amp;sdata=z%2Fb9OBcLx4FyCJz6vFZPxU5LOirCXdCVxhywCR%2BWTKY%3D&amp;reserved=0" rel="nofollow" target="_blank"> https://www.brookings.edu/research/still-the-worlds-safe-haven/</a> David’s blog: <a href="http://macromarketmusings.blogspot.com" rel="nofollow" target="_blank">macromarketmusings.blogspot.com</a> David’s Twitter: @<a href="https://soundcloud.com/DavidBeckworth" rel="nofollow" target="_blank">DavidBeckworth</a>

Darrell Duffie on Treasury Markets and the Post-COVID Path to Financial Stability

Catherine Gu's conversation with Professor Darrell Duffie at Stanford Graduate School of Business, discussing the perils and opportunities of our current macroeconomic condition under COVID19, by taking a deep look into the US debt market to understand the long term implications of public and corporate debt on economic growth, taxation, and financial stability. Darrell's latest paper on redesigning the US Treasury market can be found here.  The episode also discusses some revolutionary financial innovations happening concurrently under the pandemic, in particular the future of fast payment and central bank digital currencies - the full conversation is covered in a separate Bonus Podcast. Recorded on May 29, 2020. 

Catherine Gu's conversation with Professor Darrell Duffie at Stanford Graduate School of Business, discussing the perils and opportunities of our current macroeconomic condition under COVID19, by taking a deep look into the US debt market to understand the long term implications of public and corporate debt on economic growth, taxation, and financial stability. Darrell's latest paper on redesigning the US Treasury market can be found <a href="https://www.brookings.edu/wp-content/uploads/2020/05/WP62_Duffie_updated.pdf" rel="nofollow" target="_blank">here</a>.  The episode also discusses some revolutionary financial innovations happening concurrently under the pandemic, in particular the future of fast payment and central bank digital currencies - the full conversation is covered in a separate <a href="https://anchor.fm/pandemic-pulse/episodes/Bonus-Podcast-on-Fast-Payment-and-Central-Bank-Digital-Currencies-ees38t" rel="nofollow" target="_blank">Bonus Podcast</a>. Recorded on May 29, 2020.

Debt, Stability and Recovery under COVID19 with Prof. Darrell Duffie