Are we in a Period of Fiscal Dominance? | Macro Musings @MercatusCenter

Uploaded September 2025 | Updated September 2026, 2 weeks ago

On this week’s episode of Macro Musings, Marc Giannoni discusses working on the 2020 Fed Framework Review, the troubling issues of Fed independence and fiscal dominance, the future of long rates and r-star, his influential 2006 paper about what good monetary policy looks like, and much more.

Read the transcript or listen to the full episode here: mercatus.org/macro-musings/marc-giannoni-feds-framework-review-its-independence-and-future-r-star

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