{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Basil Halperin on Macroeconomic Policy in an Age of Transformative AI","description":" Basil Halperin is an assistant professor of economics at the University of Virginia. In Basil\u2019s first appearance on the show he discusses the famous but flawed Citrini essay, why Silicon Valley\u2019s growth expectations aren\u2019t showing up yet in interest rates, the impact of Less Than Zero by George Selgin, what the true frictions in the economy are, the differences between Calvo and menu-cost pricing, the impact of transformational AI on emerging economies and the housing market, and much more.  Watch the full length video on our new YouTube Channel! Check out the&amp;nbsp;transcript&amp;nbsp;for this week\u2019s episode, now with links. Recorded on March 27th, 2026 Subscribe to David's Substack:&amp;nbsp;Macroeconomic Policy Nexus Follow David Beckworth on X:&amp;nbsp;@DavidBeckworth Follow Basil Halperin on X: @BasilHalperin Follow the show on X: @Macro_Musings Check out our Macro Musings&amp;nbsp;merch! Timestamps 00:00:00 - Intro 00:02:20 - Global Intelligence Crisis 00:07:04 - Transformative AI and Interest Rates 00:21:05 - Optimal Monetary Policy Under Menu Costs 00:48:13 - Transformative AI and its Macro Implications 00:55:41 - Outro ","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\/41006635\/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\/201158230"}