55 min listen
Lev Menand on the Fed’s Lending Facilities and the Legal Concerns Surrounding Them
Lev Menand on the Fed’s Lending Facilities and the Legal Concerns Surrounding Them
ratings:
Length:
64 minutes
Released:
May 18, 2020
Format:
Podcast episode
Description
Lev Menand is a legal scholar at Columbia Law School and has previously worked for the New York Fed, the US Treasury Department, and the Financial Stability Oversight Council (FSOC). Lev Joins Macro Musings to talk about his new paper, *Unappropriated Dollars: The Fed’s Ad Hoc Lending Facilities and the Rules that Govern Them*. Specifically, David and Lev discuss opening up public Fed bank accounts, the importance of liquidity and credit facilities, and how Congress is using the CARES Act to skirt the Fed’s current legal mandates. Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings Lev’s Twitter: @LevMenand Lev’s Columbia Law profile: https://www.law.columbia.edu/faculty/lev-menand Related Links: Bonus segment with Lev: https://youtu.be/N9qndjjju9A *Unappropriated Dollars: The Fed’s Ad Hoc Lending Facilities and the Rules That Govern Them* by Lev Menand https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3602740 *FedAccounts* by Morgan Ricks, John Crawford, and Lev Menand https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3192162 David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth
Released:
May 18, 2020
Format:
Podcast episode
Titles in the series (100)
01 - Scott Sumner on *The Midas Paradox*, the Fed, and More: Welcome to Macro Musings, a new podcast exploring… by Macro Musings with David Beckworth