{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Carola Binder on Political Pressure and the Twin Deficits of Central Banking","description":"Carola Binder is an assistant professor of economics at Haverford College and is an associate editor of the Journal of Money, Credit, and Central Banking. Carola is also a member of the CEPR Research and Policy Network on Central Bank Communication, and joins the show today to discuss her work on central banking and populism. David and Carola also discuss the link between central bank credibility and popularity, the twin deficits of central banking, and why NGDP targeting could be an easy transition point from current inflation targeting regimes. &amp;nbsp; Transcript for the episode:  https:\/\/www.mercatus.org\/bridge\/podcasts\/11252019\/carola-binder-political-pressure-and-twin-deficits-central-banking &amp;nbsp; Carola\u2019s Twitter: @cconces Carola\u2019s blog: https:\/\/carolabinder.blogspot.com\/ &amp;nbsp; Related Links: &amp;nbsp; *Political Pressure on Central Banks* by Carola Binder https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3244148 &amp;nbsp; *Whose Expectations Augment the Phillips Curve?* by Carola Binder https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=2789750 &amp;nbsp; *Federal Reserve Communication and the Media* by Carola Binder https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=2835574 &amp;nbsp; *Comment on \u201cCentral Bank Accouncements: Big News for Little People\u201d by Michael Lalma and Dmitri Vinogradov* by Carola Binder  https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0304393219301461 &amp;nbsp; *We Asked Fed Watchers to Rate the Fed\u2019s Communications \u2013 Here\u2019s What We Found* by Peter Olson and David Wessel  https:\/\/www.brookings.edu\/research\/we-asked-fed-watchers-to-rate-the-feds-communications\/ &amp;nbsp; *The Optimal Degree of Commitment to an Intermediate Monetary Target* by Kenneth Rogoff https:\/\/scholar.harvard.edu\/files\/rogoff\/files\/51_qje85.pdf &amp;nbsp; David\u2019s blog: macromarketmusings.blogspot.com David\u2019s Twitter: @DavidBeckworth ","author_name":"Macro Musings with David Beckworth","author_url":"http:\/\/macromarketmusings.blogspot.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/12157253\/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>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/58350341"}