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 | 182

Why the Global Shortage of Safe Assets Matters

Dec 20, 2011| 

One of the key problems facing the world economy right now is a shortage of assets that investors would feel comfortable using as a store of value. There is both... Read »

The Merkelian Reich

Dec 2, 2011| 

We learn that Mario Draghi, head of the ECB, has made a deal with Germany that would allow the central bank to open the monetary spigot only if Germany gets its... Read »

The Eurozone Crisis is a Monetary Crisis, Not a Fiscal One

Dec 2, 2011| 

So argues Ambrose Evan-Pricthard: This is a monetary crisis, caused by a jejune central bank that aborted a fragile recovery by raising rates earlier this year,... Read »

The Fateful Decision to Tighten ECB Monetary Policy

Nov 28, 2011| 

Paul Krugman notes that the Eurozone crisis began rearing its ugly head again back in April, the very time the ECB decided to tighten monetary policy. Krugman thinks... Read »

The ECB Needs the Fed Now More Than Ever

Nov 15, 2011| 

And it is not because the ECB needs more currency swaps. It is because the ECB needs the Fed for cover. Here is why. The Fed is a monetary superpower. It manages... Read »

There Are Things Worse Than Inflation

Nov 14, 2011| 

Like an economic collapse in Europe, or worse. Here is Ambrose Evans-Pritchard on the latter possibility: Chancellor Angela Merkel tells us that peace in Europe... Read »

The Fed Needs to Get Ahead of the Eurozone Crisis

Nov 10, 2011| 

Brad DeLong says what I have been thinking for some time: Where is my fed announcement that it will not let chaos in Europe cause a double dip here? Exactly. The... Read »

The Geithner Plan to Save Europe is Not Enough

Sep 25, 2011| 

The latest initiative to save the Eurozone is the “Geithner Plan“. It would have the Eurozone leverage up the EU’s €440 billion bailout fund... Read »

What Explains the Big Sell Off in Markets?

Sep 23, 2011| 

As Ezra Klein notes, many observers are attributing it to the FOMC saying it sees “significant downside risk” to the economy. Felix Salmon, however,... Read »

Maybe the GOP Leadership Has Known All Along

Sep 21, 2011| 

That additional monetary stimulus would help the economy. That is the only sense I can make of the letter from Republican leaders in Congress sent to Federal Reserve... Read »

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