{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Marc Lavoie on Canadian Central Bank Policy, Real-time Payments, and the Post-Keynesian Tradition","description":"Marc Lavoie is a professor of economics at the University of Ottawa and an author a recent article on the Bank of Canada\u2019s 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\u2019s corridor operating system, and what ideal central bank policy might look like for Canada in the future.   Transcript for the episode: https:\/\/www.mercatus.org\/bridge\/podcasts\/02032020\/marc-lavoie-canadian-central-bank-policy-real-time-payments-and-post   Marc\u2019s University of Ottawa profile: https:\/\/uniweb.uottawa.ca\/members\/942\/profile Marc\u2019s Institute for New Economic Thinking archive: https:\/\/www.ineteconomics.org\/research\/experts\/mlavoie   Related Links:   *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   *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   David\u2019s blog: macromarketmusings.blogspot.com David\u2019s Twitter: @DavidBeckworth ","author_name":"Macro Musings with David Beckworth","author_url":"https:\/\/macroeconomicpolicynexus.substack.com\/","html":"