{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Bill Nelson on the Future of Central Bank Operating Systems","description":" Bill Nelson is a Chief economist and an executive vice president at the Bank Policy Institute. Bill returns to the show to discuss the changes at many central banks around the world from a supply-driven floor system to a demand-driven floor system and how the Fed has been resistant to this change. Check out the  transcript for this week\u2019s episode, now with links. Recorded on March 6th, 2025  Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X:&amp;nbsp;@DavidBeckworth Follow the show on X:&amp;nbsp;@Macro_Musings Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings&amp;nbsp;Discord server! Join the Macro Musings&amp;nbsp;mailing list! Check out our Macro Musings&amp;nbsp;merch! Subscribe to David's new BTS YouTube Channel&amp;nbsp; Timestamps: (00:00:00) \u2013 Intro (00:01:35) \u2013 Trend Toward a Demand-Driven Ceiling System (00:07:32) \u2013 Will the Fed Follow Suit? (00:13:11) \u2013 Bank of England\u2019s New Policy Implementation Framework (00:21:33) \u2013 Bill\u2019s Suggestions for the Fed\u2019s Implementation Framework (00:39:18) \u2013 Responding to Lorie\u2019s Case for the Floor System (00:59:11) \u2013 Outro  &amp;nbsp; ","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\/36027670\/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\/186689760"}