Ethan Ilzetzki is an associate professor of economics at the London School of Economics and a research fellow with the Center for Economic Policy Research. Ethan is also a returning guest to the show, and he rejoins David on Macro Musings to talk about the international implications of Fed Policy and the strong dollars as well as Ethan’s thoughts on business cycle theory in light of the recent inflation surge. David and Ethan also discuss Ethan’s takeaways from the UK crisis, how to evaluate and contextualize monetary policy shocks, the contemporary applications of the fiscal theory of the price level, and more. Transcript for the episode can be found Check out our new Macro Musings merch , and use the promo code NGDP for 10% off! Ethan’s Twitter: Ethan’s Ethan’s LSE David’s Twitter: Follow us on Twitter: Click for the latest Macro Musings episodes sent straight to your inbox! Related Links: by Ethan Ilzetzki by Ethan Ilzetzki, Carmen Reinhart, and Kenneth Rogoff by Francesco Bianchi and Leonardo Melosi by Helene Rey and Silvia Miranda-Agrippino