1 rich Libsyn https://www.libsyn.com 90 600 Marc Lavoie is a professor of economics at the University of Ottawa and an author a recent article on the Bank of Canada’s operating system. Marc is also the coauthor of a popular textbook titled, *Monetary Economics: An integrated Approach to Credit, Money, Income, Production, and Wealth.* He joins the show today to talk about these works and more. David and Marc also discuss differences between post-Keynesian and mainstream macroeconomics, the history and defining characteristics of Canada’s corridor operating system, and what ideal central bank policy might look like for Canada in the future. &amp;nbsp; Transcript for the episode: https://www.mercatus.org/bridge/podcasts/02032020/marc-lavoie-canadian-central-bank-policy-real-time-payments-and-post &amp;nbsp; Marc’s University of Ottawa profile: https://uniweb.uottawa.ca/members/942/profile Marc’s Institute for New Economic Thinking archive: https://www.ineteconomics.org/research/experts/mlavoie &amp;nbsp; Related Links: &amp;nbsp; *A System with Zero Reserves and with Clearing Outside of the Central Bank: The Canadian Case* by Marc Lavoie https://www.tandfonline.com/doi/abs/10.1080/09538259.2019.1616922 &amp;nbsp; *Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth* by Wynne Godley and Marc Lavoie https://link.springer.com/book/10.1007/978-1-137-08599-3 &amp;nbsp; David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth Macro Musings with David Beckworth https://macroeconomicpolicynexus.substack.com/ <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/12985556/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/63923477