Will Bateman

The Fiscal Fed The book The Fiscal Fed: How the US Central Bank Funds Government, Will Bateman is published by University of Chicago Press.

Buy my next book (pre-sale) "The Fiscal Fed: How the US Central Bank Funds Government" from Chicago University Press - economics and business division: press.uchicago.edu/ucp/books/bo...

Awesome cover design incoming:)

I also think (cynically) about the sorts of leverage Trump would have over a stubborn Warsh...

I think a little more deeply about Warsh's stated plans for the Fed and their....lack of coherence

Cosmetics, Credibility and the Warsh Nomination Fire-selling Teasury bonds and Estée Lauder's China problem

Some thoughts on Warsh's plans and his exposure to Trumpism

Very cool work from the big brain of @bhgreeley.bsky.social

Amazing! This is why the world needs your book🤓

Well done, @bhgreeley.bsky.social ! Also....how old is it? 🤔

This work has grown from/founded incredible collaborations with @stomarova.bsky.social, @leahdowney.bsky.social , @benbraun.bsky.social @monicadileo.bsky.social, @maxnagel.bsky.social, @amyverdun.bsky.social and many others who I can't find on Bluesky but to whom i'm deeply grateful!

The book will appear in the Phenomenal World Series edited by @mehrsab.bsky.social, @danielagabor.bsky.social, @melindacooper.bsky.social, Destin Jenkins, Ndongo Samba Sylla and @adamtooze.bsky.social. It's been amazing working with Chad Zimmerman at Chicago, and Emma Fajgenbaum and Jack Gross at PW

The book revisits and de-codes some of the Fed's most mysterious operations: incl the 1932 debt-purchase programs, 'operations twist', cold war bond purchases (1958, 1970). Then dives deeply into the FOMC archives to show how QE programs were heavily-motivated by government financing.

The dysfunctional taboo: monetary financing at the Bank of England, the Federal Reserve, and the European Central Bank Monetary financing – the issuance of public money to support public expenditure – remains a widespread policy taboo. In this article, we analyze the operational practices of the Bank of England, th...

More teasers in the Review of International Political Economy (www.tandfonline.com/doi/full/10....) with the brilliant @jvtk.bsky.social

Communication tools: a genealogy of quantitative easing For most of the twenty-first century, the world’s largest central banks have been acquiring vast quantities of government debt. From the 1930s–1970s, identical operations formed the financial backb...

The book resurrects the Fed's hidden role as a fiscal support - a government bank - challenging the dominant view that the Fed's core identity is focused on private-market stabilization.

Some teasers can be found in my recent work in New Political Economy (www.tandfonline.com/doi/full/10....)

Happy to share that my next book 'The Fiscal Fed' will be published by University of Chicago Press in Fall 2026!

Cover design pending: happy to share this beautiful poster from the Harvard Law and Political Economy Project (2023).

Haha, no worries, Paul!

Thanks a ton for all this. I hadn't seen that thesis - it looks great! I've got a book coming out with Chicago Uni Press in Fall 26 which covers all the history from 1913-2022. Will shout about it here when the cover design is done!

Haha, thanks Brendan, you're too kind. I discuss my compulsive need to read Fed Transcripts at length with mental health professionals:)

I'm really pleased to be featured in @justmoney.bsky.social's current scholarship post. Looking at the Bank of Japan and Fed archives, I argue that QE was always linked to public-sector support, but that effect was deliberately suppressed in central banks' public research and other comms.

Current ScholarshipCommunication tools: a genealogy of quantitative easing Will Bateman

🚨Current scholarship! In this article, Prof. Bateman explores the communication strategies through which central bankers in Japan and the US downplayed the fiscal effects of quantitative easing programs, raising interesting questions about central bank independence and the fiscal/monetary divide. 🏦💸

Really honoured to be featured!

Can't wait to read it....even if a work of history in the making:)

Outstanding piece, @benbraun.bsky.social, well done! 👏 👏 👏

Screenshot of the title page of linked article: "Noisy Politics, Quiet Technocrats: Strategic Silence by Central Banks" By Benjamin Braun and Maximilian Düsterhöft

🚨New article🚨 The consensus is that contestation pushed central banks to talk 𝘮𝘰𝘳𝘦 about inequality & climate.

Our theory: At first, CBs seek to ward off politicization by talking 𝘭𝘦𝘴𝘴 about controversial topics.

We tested this 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐬𝐢𝐥𝐞𝐧𝐜𝐞 𝐡𝐲𝐩𝐨𝐭𝐡𝐞𝐬𝐢𝐬.🧵
onlinelibrary.wiley.com/doi/10.1111/...