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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.

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David Beckworth's Latest Articles | 182

Fiscal Austerity Requires Monetary Liberality

Aug 4, 2011| 

Over at Cafe Hayek, Russ Roberts takes on Paul Krugman’s claim that most studies show fiscal policy tightening will stall a recovery rather than help it: Unfortunately,... Read »

The Three Year Tightening Cycle of U.S. Monetary Policy

Aug 2, 2011| 

Back in August, 2010 Fed Chairman Ben Bernanke claimed that monetary policy can be passively tightened by the Fed doing nothing in the midst of a weakening economy.... Read »

The Inadequacy of the Balance Seet Recession View

Jul 20, 2011| 

Thanks to this David Leonhardt article, the balance sheet recession view is once again getting much discussion. This view holds that households acquired excessive... Read »

Is Weak Aggregate Demand Really the Main Problem?

Jul 20, 2011| 

Or is it the regime uncertainty that many observers attribute to the Obama administration? The answer from several recent surveys say it is weak aggregate demand.... Read »

The Other Four Important Insights From Bernanke’s Testimony

Jul 15, 2011| 

Chairman Bernanke’s testimony before Congress this week generated much attention because he mentioned the Fed remained open to further monetary easing. Many... Read »

Chairman Bernanke vs. Governor Bernanke

Jul 14, 2011| 

I was looking at the official transcript of Ben Bernanke’s last press conference in June and found this exchange interesting: AKIHIRO OKADA. Mr. Chairman,... Read »

The Employment Report Shouldn’t Be a Surprise

Jul 9, 2011| 

The demand for money and money-like assets remains elevated as indicated in the figure below. This means nominal spending remains depressed. Until this changes... Read »

How Should the Fed Prepare for the Eurozone Fallout?

Jul 9, 2011| 

Nick Rowe is concerned that the collapse of the Eurozone could lead to another Lehman-type event for the global financial system.  He is also wondering what central... Read »

The ECB Monetary Policy Mess in One Picture

Jun 13, 2011| 

San Francisco Fed economist Fernanda Nechio shows us in one picture the ECB monetary policy mess: If there were any doubt that the ECB is in practice narrowly setting... Read »

Fiddling While the Eurozone Burns

Jun 9, 2011| 

So the European Central Bank (ECB) has decided to follow through on its plans to tighten monetary policy this year. The ECB will begin by raising its benchmark interest... Read »

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