David Beckworth

Mercatus Center at George Mason University

3434 Washington Blvd. 4th Floor

Arlington, VA 22201

United States

http://macromarketmusings.blogspot.com/

  • Mercatus Center at George Mason University

SCHOLARLY PAPERS

24

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3,197

SSRN CITATIONS
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24

CROSSREF CITATIONS

19

Scholarly Papers (24)

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1.

Praying for a Recession: The Business Cycle and Protestant Religiosity in the United States

Number of pages: 37 Posted: 09 Mar 2008 Last Revised: 22 Jan 2009
David Beckworth
Mercatus Center at George Mason University
Downloads 711 (51,328)

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Religiosity, Church Attendance, Business Cycle, Economic Conditions, Recession, Yield Curve, Protestant Church Growth

2.

The Prospect of Fiscal Dominance in the United States: A New Quantity Theory Perspective

Number of pages: 15 Posted: 11 Feb 2022
David Beckworth
Mercatus Center at George Mason University
Downloads 339 (125,546)

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Fiscal Dominance, Fiscal Theory of the Price Level with a Bubble, Safe Assets, Dollar Dominance

3.

The Safe Asset Shortage and the Low Inflation of 2010-2019: A Money Demand View

Number of pages: 33 Posted: 01 Mar 2022
David Beckworth
Mercatus Center at George Mason University
Downloads 329 (129,550)

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Federal Reserve, low-inflation mystery, safe asset shortage, excess money demand

4.

The Productivity Gap: Monetary Policy, the Subprime Boom, and the Post-2001 Productivity Surge

Number of pages: 23 Posted: 01 Dec 2011 Last Revised: 26 Feb 2015
George Selgin, David Beckworth and Berrak Buyukkarabacak
The Cato Institute, Mercatus Center at George Mason University and Ozyegin University
Downloads 321 (132,905)
Citation 11

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Productivity, neutral interest rate, output gap, business cycle, Taylor Rule, subprime boom

5.

COVID-19 Pandemic, Direct Cash Transfers, and the Federal Reserve

Mercatus Center Research Paper Series, Special Edition Policy Brief (2020)
Number of pages: 7 Posted: 31 Mar 2020
David Beckworth
Mercatus Center at George Mason University
Downloads 261 (164,402)
Citation 2

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Federal Reserve, monetary policy, economic, federal government, COVID-19, 2019 novel coronavirus, 2019-nCoV, Corona Virus Disease 2019 (COVID-19), pandemic

6.

Nominal GDP Targeting and the Taylor Rule on an Even Playing Field

AIER Sound Money Project Working Paper No. 2018-10
Number of pages: 25 Posted: 09 Jun 2016 Last Revised: 30 Sep 2018
David Beckworth and Joshua R. Hendrickson
Mercatus Center at George Mason University and University of Mississippi
Downloads 224 (190,402)
Citation 4

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Nominal GDP Targeting, Imperfect Information, Monetary Policy

7.

Permanent versus Temporary Monetary Base Injections: Implications for Past and Future Fed Policy

Number of pages: 42 Posted: 30 Jun 2017
David Beckworth
Mercatus Center at George Mason University
Downloads 166 (248,560)
Citation 3

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LSAPs, QE, ZLB, Permanent Monetary Base Injections, Quantity Theory of Money, New Keynesian, Permanent, Nominal GDP Targeting

8.

One Nation Under the Fed? The Asymmetric Effects of U.S. Monetary Policy and Its Implications for the United States as an Optimal Currency Area

Number of pages: 34 Posted: 27 Jul 2009 Last Revised: 21 Sep 2009
David Beckworth
Mercatus Center at George Mason University
Downloads 141 (283,746)
Citation 5

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optimal currency area, regional effects of monetary policy, U.S. monetary policy, vector autoregressions

9.

Can Monetary Policy Influence Long Term Interest Rates? It Depends

Downloads 139 (287,003)
Citation 1

Can Monetary Policy Influence Long Term Interest Rates? It Depends

Number of pages: 32 Posted: 07 Jul 2009 Last Revised: 29 May 2011
David Beckworth, Kenneth P. Moon and J. Holland Toles
Mercatus Center at George Mason University, Texas State University, San Marcos - Department of Finance and Economics and Texas State University, San Marcos
Downloads 137 (291,313)

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Monetary Policy, Treasury Yield Curve, Long-term Interest Rates, Vector Auto Regressions

Can Monetary Policy Influence Long‐Term Interest Rates? It Depends

Economic Inquiry, Vol. 50, Issue 4, pp. 1080-1096, 2012
Number of pages: 17 Posted: 06 Oct 2012
David Beckworth, Kenneth P. Moon and J. Holland Toles
Mercatus Center at George Mason University, Texas State University, San Marcos - Department of Finance and Economics and affiliation not provided to SSRN
Downloads 2 (915,331)

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10.

Better Risk Sharing Through Monetary Policy?: The Financial Stability Case for a Nominal GDP Target

Number of pages: 22 Posted: 21 Dec 2018 Last Revised: 09 Jan 2019
David Beckworth
Mercatus Center at George Mason University
Downloads 110 (340,420)
Citation 6

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NGDP Targeting, Financial Stability, State-Contingent Debt Contracts, Panel VAR, Local Projection

11.

Nominal GDP as the Stance of Monetary Policy: A Practical Guide

Number of pages: 11 Posted: 31 Dec 2018
David Beckworth
Mercatus Center at George Mason University
Downloads 103 (355,708)

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Nominal GDP, Stance of Monetary Policy, Sticky-Price NGDP Forecast

12.

An Operating Framework for the 21st Century

Number of pages: 19 Posted: 30 Dec 2019 Last Revised: 14 Mar 2020
David Beckworth
Mercatus Center at George Mason University
Downloads 61 (479,729)

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13.

Transaction Asset Shortages

AIER Sound Money Project Working Paper No. 2018–08
Number of pages: 32 Posted: 17 Apr 2017 Last Revised: 08 Jan 2018
David Beckworth and Joshua R. Hendrickson
Mercatus Center at George Mason University and University of Mississippi
Downloads 56 (499,272)

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transaction assets, safe assets, asset shortages, Bayesian estimation, Divisia monetary aggregates

14.

The Knowledge Problem in Monetary Policy: The Case for Nominal GDP Targeting

Mercatus on Policy Series
Number of pages: 7 Posted: 25 Sep 2020
David Beckworth
Mercatus Center at George Mason University
Downloads 52 (515,965)

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monetary policy, nominal GDP targeting, NGDP, nominal income targeting, imperfect information, knowledge problem

15.

Facts, Fears, and Functionality of NGDP Level Targeting: A Guide to a Popular Framework for Monetary Policy

Mercatus Research Paper
Number of pages: 42 Posted: 04 Oct 2019
David Beckworth
Mercatus Center at George Mason University
Downloads 42 (562,692)
Citation 2

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nominal GDP targeting, NGDP, nominal income targeting, monetary policy frameworks

16.

Inflation Targeting: A Monetary Policy Regime Whose Time Has Come and Gone

MERCATUS RESEARCH
Number of pages: 32 Posted: 12 Jul 2018
David Beckworth
Mercatus Center at George Mason University
Downloads 37 (588,825)
Citation 5

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17.

The Monetary Policy Origins of the Eurozone Crisis

Number of pages: 47 Posted: 30 Jun 2017
David Beckworth
Mercatus Center at George Mason University
Downloads 33 (611,804)
Citation 3

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18.

The Great Divorce: The FED’s Move to a Floor System and the Implications for Bank Portfolios

Mercatus Research Paper
Number of pages: 47 Posted: 27 Nov 2018 Last Revised: 11 Jan 2019
David Beckworth
Mercatus Center at George Mason University
Downloads 26 (657,104)
Citation 3

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IOER, Federal Reserve, floor system, corridor system, bank portfolio

19.

The Stance of Monetary Policy: The NGDP Gap

Mercatus Policy Brief Series: The NGDP Gap Fact Sheet
Number of pages: 13 Posted: 22 Sep 2020 Last Revised: 12 Nov 2020
David Beckworth
Mercatus Center at George Mason University
Downloads 17 (726,851)
Citation 2

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monetary policy, nominal GDP targeting, NGDP, nominal income targeting

20.

The Neutral Level of NGDP and the NGDP Gap: Q3 2020

Mercatus NGDP Gap Fact Sheet
Number of pages: 3 Posted: 12 Nov 2020
David Beckworth
Mercatus Center at George Mason University
Downloads 13 (762,098)

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monetary policy, nominal GDP targeting, NGDP, nominal income targeting

21.

The Neutral Level of NGDP and the NGDP Gap: Q1 2020

Mercatus NGDP Gap Fact Sheet
Number of pages: 3 Posted: 22 Sep 2020 Last Revised: 12 Nov 2020
David Beckworth
Mercatus Center at George Mason University
Downloads 8 (810,467)

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monetary policy, nominal GDP targeting, NGDP, nominal income targeting

22.

The Neutral Level of NGDP and the NGDP Gap: Q2 2020

Mercatus NGDP Gap Fact Sheet
Number of pages: 3 Posted: 22 Sep 2020 Last Revised: 12 Nov 2020
David Beckworth
Mercatus Center at George Mason University
Downloads 8 (810,467)

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monetary policy, nominal GDP targeting, NGDP, nominal income targeting

23.

The Fate of FAIT: Salvaging the Fed’s Framework

Posted: 14 Jun 2022
David Beckworth and Patrick Horan
Mercatus Center at George Mason University and Independent
Downloads 24

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Federal Reserve, monetary policy, inflation, flexible average inflation targeting

24.

Facts, Fears, and Functionality of Nominal GDP Level Targeting: A Guide to a Popular Monetary Policy Framework

Posted: 13 Jun 2019
David Beckworth
Mercatus Center at George Mason University

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Nominal GDP Targeting, Nominal Income Targeting, Monetary Policy Framework, Target