Episode
Gianluca Benigno on Central Bank Balance Sheets, Stablecoins, and Nonlinear Inflation
Macro Musings with David Beckworth · Aug 10, 2026 · 54 min
Gianluca Benigno is a professor of economics at the University of Lausanne. Previously, he was a senior economist at the Federal Reserve Bank of New York and an economist at the Bank of England. Gianluca returns to the program to discuss financial r-star, the changing landscape of central bank balance sheets, the unique challenges facing the Swiss National Bank, how stablecoins could affect…