Economics Professor Scott Sumner provides insight on how the Federal Reserve Bank's recent decisions relate to his framework for nominal GDP targeting and what implications this will have for the U.S. economy.
Professor of Economics, Scott Sumner, is referenced in a discussion about the fiscal cliff for his insight on what happens when central banks in fiat-money systems try to inflate.
Foreign Policy Magazine lists Economics Professor Scott Sumner as number 15, tied with Federal Reserve Chairman Ben Bernanke, on their list of Top 100 Global Thinkers of 2012 .
Professor of Economics Scott Sumner is highlighted for his blog, The Money Illusion where he advocates for targeting nominal GDP, a theory that is gaining popularity among economists across the country and possibly Federal Reserve Chairman Ben Bernanke.
Professor of Economics Scott Sumner is praised by editor Derek Thompson for "saving the economy" as the Fed recently adopted new policy slightly resembling NGDP targeting - a policy Professor Sumner has been advocating for years on his blog The Money Illusion.
While explaining the Federal Reserve's recent progress, Economics Professor Scott Sumner is noted for championing rule-based actions that would provide stable expectations and prevent the economy from being jostled by shocks to aggregate demand.
