Peter Stella's guest appearances

Peter Stella

Macro Musings with David Beckworth

Tyler Cowen

Ramesh Ponnuru

Fannie Mae

Sebastian Edwards

Alex Nowrasteh

Diego Zuluaga

Steve Horwitz

Felix Salmon

Alan Greenspan

Binyamin Appelbaum

Anat Admati

Noah Smith

Robert Hall

George Selgin

Scott Sumner

OwlTail

Peter Stella is the former head of the IMF’s Central Banking Division and has researched and written extensively on safe assets, collateral, and central bank operations. He now hosts the website, Central Banking Archaeology and continues to consult with the IMF on central bank balance sheet issues. Peter is also a returning guest to the podcast, and he rejoins Macro Musings to talk about the quasi-fiscal implications of central bank crisis intervention over the past few years. David and Peter also discuss the losses on the Fed’s balance sheet, using market value versus the par value of debt, the Fed’s debt management issues with mortgage backed securities, and more.   Transcript for this week’s  episode.   Peter’s Twitter: @Stellar_Consult Peter’s website   David Beckworth’s Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!   Related Links:    *Quasi-Fiscal Implications of Central Bank Crisis Interventions: Case Studies* by Peter Stella, John Hooley, and Claney Lattie   *Do Central Banks Need Capital?* by Peter Stella    *Exiting Well* by Peter Stella

Peter Stella is the former head of the IMF’s Central Banking Division and has researched and written extensively on safe assets, collateral, and central bank operations. He now hosts the website, Central Banking Archaeology and continues to consult with the IMF on central bank balance sheet issues. Peter is also a returning guest to the podcast, and he rejoins Macro Musings to talk about the quasi-fiscal implications of central bank crisis intervention over the past few years. David and Peter also discuss the losses on the Fed’s balance sheet, using market value versus the par value of debt, the Fed’s debt management issues with mortgage backed securities, and more. Transcript for this week’s <a href="https://www.mercatus.org/macro-musings/peter-stella-quasi-fiscal-implications-central-bank-crisis-intervention" rel="nofollow" target="_blank"> episode</a>. Peter’s Twitter: <a href="https://twitter.com/Stellar_Consult" rel="nofollow" target="_blank">@Stellar_Consult</a> Peter’s <a href="https://www.centralbankarchaeology.com/" rel="nofollow" target="_blank">website</a> David Beckworth’s Twitter: <a href="https://twitter.com/DavidBeckworth" rel="nofollow" target="_blank">@DavidBeckworth</a> Follow us on Twitter: <a href="https://twitter.com/Macro_Musings" rel="nofollow" target="_blank">@Macro_Musings</a> Join the Macro Musings <a href="https://www.tfaforms.com/5060932" rel="nofollow" target="_blank">mailing list!</a> Check out our new Macro Musings <a href="https://www.bonfire.com/store/mercatus-podcast-swag/" rel="nofollow" target="_blank">merch!</a> Related Links: <a href="https://www.imf.org/en/Publications/WP/Issues/2023/06/02/Quasi-Fiscal-Implications-of-Central-Bank-Crisis-Interventions-Case-Studies-534079" rel="nofollow" target="_blank"> *Quasi-Fiscal Implications of Central Bank Crisis Interventions: Case Studies</a>* by Peter Stella, John Hooley, and Claney Lattie <a href="https://www.imf.org/external/pubs/ft/wp/wp9783.pdf" rel="nofollow" target="_blank">*Do Central Banks Need Capital?*</a> by Peter Stella <a href="https://www.researchgate.net/publication/308122126_Exiting_Well" rel="nofollow" target="_blank">*Exiting Well*</a> by Peter Stella

Peter Stella on the Quasi-Fiscal Implications of Central Bank Crisis Intervention

Peter Stella is a former IMF official, where he led the Central Banking and Monetary and Foreign Exchange divisions, and he now hosts a webpage titled *Central Bank Archeology*. Peter is also a former guest of Macro Musings, and rejoins to talk about the COVID-19 crisis, central bank balance sheets, and more. David and Peter also discuss the dangers and challenges of the Fed’s off-balance sheet transactions, how the government should approach crisis financing, and who should be managing the country’s public debt.   The transcript for the episode can be found  here.   Peter’s Twitter: @Stellar_Consult Peter’s Voxeu profile: https://voxeu.org/users/peterstella0 Peter’s Research Gate archive: https://www.researchgate.net/profile/Peter_Stella   Related Links:   Peter's *Central Bank Archaeology* website: https://www.centralbankarchaeology.com/   *Macro Musings: Peter Stella on Debt, Safe Assets, and Central Bank Operations*  https://macromusings.libsyn.com/144-peter-stella-on-debt-safe-assets-and-central-bank-operations   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Peter Stella is a former IMF official, where he led the Central Banking and Monetary and Foreign Exchange divisions, and he now hosts a webpage titled *Central Bank Archeology*. Peter is also a former guest of Macro Musings, and rejoins to talk about the COVID-19 crisis, central bank balance sheets, and more. David and Peter also discuss the dangers and challenges of the Fed’s off-balance sheet transactions, how the government should approach crisis financing, and who should be managing the country’s public debt. The transcript for the episode can be found <a href="https://www.mercatus.org/macro-musings/peter-stella-feds-balance-sheet-transactions-and-public-financing-covid-19-crisis" rel="nofollow" target="_blank"> here.</a> Peter’s Twitter: @Stellar_Consult Peter’s Voxeu profile: <a href="https://nam05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fvoxeu.org%2Fusers%2Fpeterstella0&amp;data=02%7C01%7CMdupont%40mercatus.gmu.edu%7C57b242f1ad264bb0940b08d80b2eacfc%7C3935d3b92ba64346b5fc782c3b401577%7C0%7C0%7C637271642391695218&amp;sdata=OExffAqgZpt9zrq5zYkJPrKRtM9UfilTX6n9Y0EWjHE%3D&amp;reserved=0" rel="nofollow" target="_blank">https://voxeu.org/users/peterstella0</a> Peter’s Research Gate archive: <a href="https://nam05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.researchgate.net%2Fprofile%2FPeter_Stella&amp;data=02%7C01%7CMdupont%40mercatus.gmu.edu%7C57b242f1ad264bb0940b08d80b2eacfc%7C3935d3b92ba64346b5fc782c3b401577%7C0%7C0%7C637271642391705211&amp;sdata=YNKF%2FGdroQzUD%2FAaw%2FildbSSKFDWogk1C%2B%2F0y%2Batc60%3D&amp;reserved=0" rel="nofollow" target="_blank">https://www.researchgate.net/profile/Peter_Stella</a> Related Links: Peter's *Central Bank Archaeology* website: <a href="https://www.centralbankarchaeology.com/" rel="nofollow" target="_blank">https://www.centralbankarchaeology.com/</a> *Macro Musings: Peter Stella on Debt, Safe Assets, and Central Bank Operations* <a href="https://nam05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmacromusings.libsyn.com%2F144-peter-stella-on-debt-safe-assets-and-central-bank-operations&amp;data=02%7C01%7CMdupont%40mercatus.gmu.edu%7C57b242f1ad264bb0940b08d80b2eacfc%7C3935d3b92ba64346b5fc782c3b401577%7C0%7C0%7C637271642391705211&amp;sdata=9dJHK3LUoUSypLsKDy6ZgQwKeHIs08hGdw2KDXcBHE0%3D&amp;reserved=0" rel="nofollow" target="_blank"> https://macromusings.libsyn.com/144-peter-stella-on-debt-safe-assets-and-central-bank-operations</a> David’s blog: <a href="http://macromarketmusings.blogspot.com" rel="nofollow" target="_blank">macromarketmusings.blogspot.com</a> David’s Twitter: @<a href="https://nam05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fsoundcloud.com%2FDavidBeckworth&amp;data=02%7C01%7CMdupont%40mercatus.gmu.edu%7C57b242f1ad264bb0940b08d80b2eacfc%7C3935d3b92ba64346b5fc782c3b401577%7C0%7C0%7C637271642391715206&amp;sdata=CdsC8L0qi%2BLnvGqqvGuJaalAwMidzLW5V7wb6nHNuGM%3D&amp;reserved=0" rel="nofollow" target="_blank">DavidBeckworth</a>

Peter Stella on the Fed’s Off-Balance Sheet Transactions and Public Financing of the COVID-19 Crisis

Peter Stella is the managing director of Stellar Consulting and was formerly an IMF official where he led the central banking and monetary and foreign exchange divisions. Peter has researched and written extensively on safe assets, collateral, and central banking operations, and he joins the show today to discuss this work.  David and Peter also discuss the Fed’s large scale asset purchases, money and payment systems in advanced economies, and why the U.S. Treasury should start issuing bills to the Fed.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/02182019/peter-stella-debt-safe-assets-and-central-bank-operations   Peter’s Voxeu profile: https://voxeu.org/users/peterstella0 Peter’s Research Gate archive: https://www.researchgate.net/profile/Peter_Stella   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Peter Stella is the managing director of Stellar Consulting and was formerly an IMF official where he led the central banking and monetary and foreign exchange divisions. Peter has researched and written extensively on safe assets, collateral, and central banking operations, and he joins the show today to discuss this work.  David and Peter also discuss the Fed’s large scale asset purchases, money and payment systems in advanced economies, and why the U.S. Treasury should start issuing bills to the Fed. Transcript for the episode: <a href="https://www.mercatus.org/bridge/podcasts/02182019/peter-stella-debt-safe-assets-and-central-bank-operations" rel="nofollow" target="_blank">https://www.mercatus.org/bridge/podcasts/02182019/peter-stella-debt-safe-assets-and-central-bank-operations</a> Peter’s Voxeu profile: <a href="https://voxeu.org/users/peterstella0" rel="nofollow" target="_blank">https://voxeu.org/users/peterstella0</a> Peter’s Research Gate archive: <a href="https://www.researchgate.net/profile/Peter_Stella" rel="nofollow" target="_blank">https://www.researchgate.net/profile/Peter_Stella</a> David’s blog: <a href="http://macromarketmusings.blogspot.com" rel="nofollow" target="_blank">macromarketmusings.blogspot.com</a> David’s Twitter: @<a href="https://soundcloud.com/DavidBeckworth" rel="nofollow" target="_blank">DavidBeckworth</a>