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David Beckworth

Affiliation: Texas State University

David Beckworth is an assistant professor of economics at Texas State University in San Marcos, Texas.

Visit: Macro and Other Market Musings




David Beckworth's Latest Articles | 224

Abenomics and the Supply of Safe Assets

May 17, 2013| 

One of the big challenges facing the global economy is the shortage of safe assets. These are the highly liquid, information-insensitive assets that function as... Read »

Abenomics Confusion

May 12, 2013| 

Lars Christensen nails it on the confusion surrounding Abenomics: There has been a lot of focus on the fact that USD/JPY has now broken above 100 and that the slide... Read »

Balance Sheet Recessions Are Really Nominal Income Recessions

May 11, 2013| 

I recently lamented the Fed’s ongoing dereliction of duty as seen in the sustained declined of households’ expected nominal income growth: In that post,... Read »

The Seen and Unseen: Structural Budget Deficits Edition

May 6, 2013| 

On Friday I discussed the cyclically-adjusted U.S. budget deficit and asked any Keynesian to reconcile its decline with the steady growth of aggregate demand. Robert... Read »

Is the Fed’s Able to Offset Austerity?

May 3, 2013| 

The April employment report came out today and is better than expected. The number of new jobs exceeded the median forecast, the previous two months job numbers... Read »

There is No Debt Crisis In Europe

Apr 30, 2013| 

As much I criticize the Fed for its shortcomings, it pales in comparison to the failures of the ECB. Under its watch, aggregate nominal income and broad money growth... Read »

Is Monetary Policy Capable of Offsetting Fiscal Austerity?

Apr 29, 2013| 

Mike Konczal has a new article where he claims there is a great natural experiment unfolding in the U.S. economy, one that Ramesh Ponnuru and I proposed back in... Read »

Missing the Forest For the Trees: Cyprus Edition

Mar 19, 2013| 

The Cyprus bank heist has received a lot of coverage, but in most cases the analysis is missing the forest for the trees. The real problem facing Cyprus and the... Read »

Echoes of 1933: The Cyprus Heist

Mar 17, 2013| 

Bank depositors in Cyprus learned yesterday of a planned heist on their funds. It was a well organized one that will take 6.75% of all small deposit accounts and... Read »

Why Inflation with a Large Output Gap?

Mar 8, 2013| 

This is a question that observers, particularly those who are skeptical of the aggregate demand-shortfall view, often raise. Ryan Avent and Paul Krugman both answer... Read »

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