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Stephen Williamson is a professor of economics at the University of Western Ontario and formerly served as a vice president at the Federal Reserve Bank of St. Louis. Today, Steve joins the show to discuss his work on “New Monetarism,” a research agenda emerging out of the monetarist tradition associated with Milton Friedman. David and Steve also discuss “Neo-Fisherism,” a counterintuitive view that higher interest rates may actually lead to higher inflation. David’s blog: Macro Musings podcast site: David’s Twitter: @DavidBeckworth Stephen Williamson’s University of Western Ontario profile: Stephen Williamson’s blog “New Monetarism”: Stephen Williamson’s Twitter: @1954swilliamson Related links: “New Monetarist Economics: Models* by Stephen D. Williamson and Randall Wright “Neo-Fisherism: A Radical Idea, or the Most Obvious Solution to the Low-Inflation Problem?” by Stephen D. Williamson *Macroeconomics* by Stephen D. Williamson

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