The Case for NGDP Targeting - Lessons from the Great Recession

by Scott Sumner

18 pages, ebook

First published April 11, 2011

About the author

Scott B. Sumner is Research Fellow at the Independent Institute, the Director of the Program on Monetary Policy at the Mercatus Center at George Mason University and 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.