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

Is It Time for the Eurozone to Get Rid of Germany?

Sep 20, 2011| 

Back in April 2010 when it first seemed the Eurozone was about to crack up, I did a post on the lessons of the Eurozone crisis. I argued then that the main lessons... Read »

Maybe FDR Should Get More Blame

Sep 11, 2011| 

I have mentioned many times here how the decision of FDR and his Treasury to devalue the dollar and not sterilize gold inflows sparked a robust recovery from 1933-1936.... Read »

How to Make Central Banks More Accountable for Passive Tightening

Sep 10, 2011| 

Yesterday we learned that despite the ongoing spate of bad economic news in both the Eurozone and the United States, monetary authorities in both places have decided... Read »

The Fed Gets Schooled Again on Central Banking: the Swiss National Bank Edition

Sep 6, 2011| 

I have continually stressed the need for the Fed to (1) publicly and forcefully announce a level target and to (2) back up such an announcement with a commitment... Read »

The Other Side of Household Balance Sheets

Aug 23, 2011| 

A popular explanation for the ongoing economic slump is that the United States is in the midst of a balance sheet recession. This view holds that the vast amount... Read »

Central Banks Still Have Much Ammunition

Aug 22, 2011| 

Ambrose Evans-Pritchard writes there is still much monetary policy can do to support the economy: [W]ith fiscal policy exhausted, the burden must fall on monetary... Read »

It’s Getting Ugly

Aug 18, 2011| 

Michael Darda sees trouble in the decline of long-term yields and attributes it to a negative velocity shock: The U.S. 30-year “long bond” yield has collapsed... Read »

The FOMC Decides on Monetary Stimulus That is Fraught With Uncertainty and Danger

Aug 14, 2011| 

My initial reaction to the FOMC decision this week was disappointment. That has not changed, but after reading other observations and thinking about it some more... Read »

Will the FOMC Repeat the Mistake of September, 2008?

Aug 9, 2011| 

I hope not. As you may recall, the FOMC met a day after Lehman collapsed on September 16, 2008 and decided against lowering the federal funds rates. Yes, the Fed... Read »

The Market Meltdown Highlighted the Fed’s Failures

Aug 5, 2011| 

The market meltdown yesterday and the cumulative market losses of the past few weeks have showcased two important failures of the Fed. First, the Fed has yet to... Read »

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