Loading...

The Real Problem was Nominal: NGDP targeting and the Great Recession | Scott Sumner

3,379 views

Loading...

Loading...

Transcript

The interactive transcript could not be loaded.

Loading...

Loading...

Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Jun 23, 2014

Professor Scott Sumner of Bentley University delivered the Adam Smith Institute's annual Adam Smith Lecture on Tuesday, June 17th 2014. He called for inflation targeting to be scrapped and replaced with a mandate for the Bank of England to target total spending instead.

Scott B. Sumner is an economist who teaches at Bentley University in Waltham, Massachusetts. His economics blog, The Money Illusion, popularized the idea of nominal GDP targeting, which says that the Fed should target nominal GDP—i.e., real GDP growth plus the rate of inflation. He has been hailed as the "blogger who saved the economy".

  • Category

  • License

    • Standard YouTube License

Loading...

When autoplay is enabled, a suggested video will automatically play next.

Up next


to add this to Watch Later

Add to

Loading playlists...