Lukasz Rachel on Non-Ricardian Macroeconomic Policy and Its Implications for Inflation
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Lukasz Rachel on Non-Ricardian Macroeconomic Policy and Its Implications for Inflation
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Lukasz Rachel is a former Bank of England economist and currently is an assistant professor of economics at the University College of London. In Lukasz's first appearance on the show he discusses his big career breaks, the implications of secular stagnation in the industrialized world, what is next for R-star, what non-Ricardian macro policy looks like, his policy prescriptions for the US, and much more.
Check out the transcript for this week's episode, now with links.
Recorded on October 29th, 2025
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Timestamps
00:00:00 - Intro
00:01:42 - Lukasz's Career
00:07:30 - Secular Stagnation in the Industrialized World
00:21:08 - What Next for R-Star?
00:36:11 - Brothers in Arms: Monetary-Fiscal Interactions
00:49:53 - Policy Recommendations
00:51:03 - Outro