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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 | 195

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 »

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 »

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