Carola Binder and Christina Parajon Skinner on Populism and Legitimacy at the Federal Reserve

Macro Musings with David Beckworth

Carola Binder is an Associate Professor of Economics at Haverford College, and Christina Parajon Skinner is an assistant professor at the Wharton School at the University of Pennsylvania. Both are returning guests to Macro Musings and they rejoin the podcast to talk about populism at the Fed and its implications for policy. Specifically, they discuss rising technopopulism at the Fed, the effect of populist pressures on its legitimacy, the importance of balancing experimentation and intellectual freedom with managing risks of politicization at the Fed, as well as their thoughts on the recent bouts of inflation.

Transcript for the episode can be found here.

Carola’s Twitter: @cconces

Carola’s blog: https://carolabinder.blogspot.com/

Carola’s Haverford profile: https://carolabinder.sites.haverford.edu/

Christina’s Twitter: @CParaSkinner

Christina’s Wharton profile: https://lgst.wharton.upenn.edu/profile/skinnerc/

Related Links:

Cato Institute 39th Annual Monetary Conference: Panel 1: The Populist Challenge to Fed Independence

https://www.cato.org/multimedia/events/39th-annual-monetary-conference-panel-1-populist-challenge-fed-independence

*Technopopulism and Central Banks* by Carola Binder

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3823456

*Technopopulism: The New Logic of Democratic Politics* by Christopher J. Bickerton and Carlo Invernizzi Accetti

https://oxford.universitypressscholarship.com/view/10.1093/oso/9780198807766.001.0001/oso-9780198807766

*Central Bank Activism* by Christina Parajon Skinner

https://www.newyorkfed.org/medialibrary/Microsites/fmlg/files/2021/Skinner_Central%20Bank%20Activism.pdf

*Laboratories of Central Banking* by Carola Binder and Christina Parajon Skinner

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3956845

*Fifty Shades of QE: Comparing Findings of Central Bankers and Academics* by Brian Fabo, Martina Jančoková, Elisabeth Kempf, and Ľuboš Pástor

https://www.nber.org/papers/w27849

David’s Twitter: @DavidBeckworth

David’s blog: http://macromarketmusings.blogspot.com/