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Ernie Tedeschi on Full Employment, the US Safe Harbor Premium, and the Current Path of R-Star
Description
Ernie Tedeschi is the Director of Economics at the Budget Lab and is a visiting fellow at the Psaros Center for Financial Markets and Policy. Recently, Ernie was a chief economist at the White House's Council of Economic Advisors, and he is also a returning guest to the podcast. Ernie rejoins Macro Musings to talk about the CEA and some of his recent work on the political risks to the US safe harbor premium and R-star. David and Ernie also discuss the benefits and healing properties of a high employment economy, Ernie's favorite measures of the labor market, the current and past trends in the path of R-Star, and more.
Transcript for this week's episode.
Ernie's Twitter: @ernietedeschi
Ernie's Budget Lab profile
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Related Links:
*Political Risks to the U.S. Safe Harbor Premium* by Ernie Tedeschi
*Recent Movements in [R-star]: The Most Important Interest Rate That You have Never Heard Of* by Ernie Tedeschi
*The 2024 Economic Report of the President* by the White House Council of Economic Advisers
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