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.
Economics Professor Scott Sumner is highlighted for his recent impact on the Federal Bank's actions through his economic blogging efforts and the influential attention The Money Illusion is generating.
Professor of Economics Scott Sumner is recognized for his influential blogging success after years of pushing NGDP targeting, the recent shift in monetary policy clearly shows the influence of the same set of underlying ideas.
Economics Professor Scott Sumner is highlighted for predicting the Fed's recent “baby steps” toward a new approach in which it targets a certain level of nominal growth - an approach Prof. Sumner has been advocating for years on his blog, The Money Illusion.