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In the hours between Friday and Sunday, the White House announced exemptions on some Chinese tech products, only for the Commerce Secretary Howard Lutnick to say these are just "temporary" and that the electronics will still face other levies. Greg Mankiw, a former economic adviser to President George W. Bush, and Ernie Tedeschi, who was chief economist under President Biden, join the show together to discuss. Also on today's show: Vali Nasr, Professor, School of Advanced International Studies, Johns Hopkins University / Former U.S. State Department Advisor; David Culver, Senior US National Correspondent; Kenneth Stern, Director, Bard Center for the Study of Hate Learn more about your ad choices. Visit podcastchoices.com/adchoices
This week on Facing the Future, we'll talk with Ernie Tedeschi, Director of Economics at the Budget Lab at Yale. He is the author of a new study showing the inflationary risk of rising federal budget deficits and debt.
This week on Facing the Future, we'll talk with Ernie Tedeschi, Director of Economics at the Budget Lab at Yale. He is the author of a new study showing the inflationary risk of rising federal budget deficits and debt.
Director of Economics at The Budget Lab of Yale Law School answers the question, "With all the economic factors at play, what are pet food businesses supposed to be focusing on?"
Today, I spoke to Ernie Tedeschi, former Chief Economist at the Council of Economic Advisers (These days he's Director of Economics at The Budget Lab).Timestamps:[00:00]“Fighting the last war” in stimulus packages[00:23] What's driving inflation[11:59] The tools CEA economists have[16:45] The tools CEA economists wish they had[33:50] Are high interest rates driving low consumer sentiment?[38:39] Why men are dropping out of the labor force This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.statecraft.pub
Ernie Tedeschi is the Direct 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 David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! 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 *The Fed Governor Who Proved Larry Summers Wrong* by Nick Timiraos *Summers, Blanchard Say Waller's ‘Soft-Landing' Paper Has Errors* by Craig Torres Timestamps: (00:00:00) – Intro (00:01:49) – Ernie's Experience at the CEA (00:09:15) – The Benefits and Healing Properties of a High Employment Economy (00:15:28) – Ernie's Favorite Measures of the Labor Market (00:20:17) – The Broader Debate Surrounding Labor Market Measures (00:24:07) – The Basics of a US Safe Harbor Premium (00:28:56) – Political Risk vs. Exorbitant Privilege (00:33:46) – Debt Ceiling Crises as a Political Risk Scenario (00:37:01) – Fiscal Dominance as a Political Risk Scenario (00:43:25) – Outlining the Distinction Between Different R-Stars (00:48:39) – Past and Current Trends in the Path of R-Stars (00:54:46) – Assessing the Sources of High Productivity (00:58:22) – Outro
Ernie Tedeschi, managing director and policy economist at Evercore ISI, discusses opening the economy and the outlook for labor.
Ernie Tedeschi is a policy economist and the head of fiscal analysis at Evercore ISI, a macro advisory firm. He is also an occasional contributor to The Upshot section at The New York Times. Previously, Ernie was a senior advisor and an economist at the US Department of Treasury. His research interests include the federal budget, monetary policy, and labor markets. Ernie joins the show to talk about output gaps, full employment, labor markets, and the state of the economy. Specifically, Ernie and David discuss Ernie’s recent articles titled *Participation in the Hot Labor Market* and *Pay is Rising Fastest for Low Earners, One Reason? Minimum Wages.* Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/monetary-policy Ernie’s Twitter: @ernietedeschi Ernie’s blog: https://medium.com/bonothesauro Related Links: *Participation and the Hot Labor Market* by Ernie Tedeschi https://medium.com/@employamerica/participation-and-the-hot-labor-market-a84ef77a3bb1 *Pay is Rising Fastest for Low Earners. One Reason? Minimum Wages.* by Ernie Tedeschi https://www.nytimes.com/2020/01/03/upshot/minimum-wage-boost-bottom-earners.html *Labor Force Participation: Recent Developments and Future Prospects* by Stephanie Aaronson, Tomaz Cajner, Bruce Fallick, Felix Galbis-Reig, Christopher L. Smith, and William Wascher https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495029 David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth
The U.S. unemployment rate may be at the lowest level since 2000, but some economists want the federal government to go further and guarantee a job for every American. Several potential Democratic presidential candidates support the idea, but the plan faces plenty of hurdles, from how to pay for it to how it would actually get up and running. Economics professor L. Randall Wray, one of the plan's principal authors, and Evercore ISI analyst Ernie Tedeschi discuss the issue with Scott Lanman of Bloomberg News and Daniel Moss of Bloomberg Opinion.
In this episode of Bespokecast, we talk to Ernie Tedeschi of Evercore ISI. Ernie is a policy economist and Head of Fiscal Analysis, and has been immersed in analysis of public policy his entire career. He's had broad experience in the private sector, as well as working at the US Treasury for several years in a policy evaluation role. In our discussion, we focus on the current policy backdrop for the US, primarily through the lens of the newly released long-term budget and economic growth forecasts updated by the CBO in early April. We also review Fed policy, and get Ernie's thoughts on Amazon's HQ2, the outlook for the Bay Area, and more. You can follow Ernie on Twitter here and see what he's writing on Medium here.
The Ringer's Ben Lindbergh and Jason Concepcion first talk to William Collis, cofounder of Gamer Sensei, an esports startup that matches players with coaches who tutor them on how not to be bad at games (2:14). Then they welcome colleague Claire McNear to celebrate the first birthday of 'Pokémon Go,' discuss how the game has evolved, and explore the depths of Claire's determination to "catch them all" (26:44). Lastly, they bring on economist Ernie Tedeschi to critique the controversial claim that games have gotten so good that they're keeping young players unemployed (43:55).
Our recent episode Opinion Polling for Presidential Elections featured segments from an interview with Ernie Tedeschi. This post contains the full transcript for that interview conducted by Christine Zhang. The player below also contains a link to the full recording from the Data Skeptic Bonus Feed.