{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Alan Cole on Monetary Policy for a Post-COVID Economy","description":"Alan Cole is a senior economist at the Joint Economic Committee of Congress. Alan joins David on Macro Musings to discuss his work with the JEC and his thoughts on the economy. Specifically, Alan and David discuss the high savings rate during the COVID-19 crisis, the track record of US monetary policy from the 2008 financial crisis to the 2020 COVID-19 crisis, why the Fed\u2019s commitment to average inflation targeting is an incremental step toward level targeting, and suggestions for the Fed moving forward. &amp;nbsp; Transcript for the episode can be found  here. &amp;nbsp; Alan\u2019s Twitter: @AlanMCole &amp;nbsp; Related Links: &amp;nbsp; The JEC\u2019s Social Capital Project:  https:\/\/www.jec.senate.gov\/public\/index.cfm\/republicans\/socialcapitalproject &amp;nbsp; *Saving and COVID-19* by Alan Cole  https:\/\/www.jec.senate.gov\/public\/index.cfm\/republicans\/analysis?ID=754B52C6-04CD-458B-8755-98D1219398F1 &amp;nbsp; *Stable Monetary Policy to Connect More Americans to Work* by Alan Cole  https:\/\/www.jec.senate.gov\/public\/index.cfm\/republicans\/analysis?ID=051267FC-0147-4E31-BE80-946E0543AF82 &amp;nbsp; &amp;nbsp;*Bullard May Be More Right Than Wrong* by Tim Duy  https:\/\/blogs.uoregon.edu\/timduyfedwatch\/2020\/09\/28\/bullard-may-be-more-right-than-wrong\/ &amp;nbsp; *The Fed\u2019s Mistake* by Adam Ozimek and Michael Ferlez  https:\/\/www.economy.com\/home\/products\/samples\/2018-11-20-Feds-Mistake.pdf &amp;nbsp; David\u2019s Twitter: @DavidBeckworth David\u2019s blog: http:\/\/macromarketmusings.blogspot.com\/ ","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\/16729127\/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\/87999332"}