Mike Bird is a reporter for *The Wall Street Journal* and covers global economics and markets from the Journal's London office. Today, he joins the show to discuss recent developments in central banking across the world. David and Mike discuss how the Eurozone has dealt with some of the serious turmoil it has faced in recent years as well as Japan's "Abenomics" program geared toward raising inflation and implementing structural reforms. Finally, Mike shares his thoughts on the Fed's plan to reduce its balance sheet and what impact that will have on the global economy. [To rate an review this podcast, go to: https://itunes.apple.com/us/podcast/macro-musings/id1099277290?mt=2 Then, leave your information at: https://www.mercatus.org/macromusings ] David's blog: macromarketmusings.blogspot.com Macro Musings podcast site: macromusings.com David's Twitter: @DavidBeckworth Mike Bird's WSJ archive: https://www.wsj.com/news/author/8326 Mike Bird's Twitter: @Birdyword Related links: "ECB Taper Promises to Set Off Ripples Across Many Markets" by Mike Bird https://www.wsj.com/articles/ecb-stimulus-unwind-could-have-broad-knock-on-effect-1508670002 "A Decade After the Crisis, King Dollar is the World's Tyrant" by Mike Bird https://www.wsj.com/articles/a-decade-after-the-crisis-king-dollar-is-the-worlds-tyrant-1511697601

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“What did the council decide on item 42?” — answered with the speaker and the moment.