Episode description

Markus Brunnermeier is a professor of economics and the director of the Bendheim Center for Finance at Princeton University. Markus is also a nonresident senior fellow at the Peterson Institute for International Economics. Markus joins Macro Musings to discuss his new book, titled “The Resilient Society,” as well as his work on safe assets and their implications for inflation. Specifically, David and Markus discuss the implications of the fiscal theory of the price level for inflation, the role of the Fed in stabilizing money markets, what is meant by “resilience” compared to “robustness” in economies, and much more.

Transcript can be found here.

Markus’s Twitter: @MarkusEconomist

Markus’s Princeton profile: https://scholar.princeton.edu/markus/home

Related Links:

*The Fiscal Theory of the Price Level with a Bubble* by Markus Brunnermeier

https://scholar.princeton.edu/markus/publications/fiscal-theory-price-level-bubble

*The Resilient Society* by Markus Brunnermeier

https://bcf.princeton.edu/the-resilient-society/

*What Makes US Government Bonds Safe Assets?* by Zhiguo He, Arvind Krishnamurthy, and Konstantin Milbradt

https://www.aeaweb.org/articles?id=10.1257/aer.p20161109

David’s Twitter: @DavidBeckworth

David’s blog: http://macromarketmusings.blogspot.com/