Scott Sumner

@scott-sumner · 12 positions · 4 changes of mind · On ppll ↗

Monetary economist known for NGDP-level targeting; wrote TheMoneyIllusion.

Scott Sumner did not write this page.

We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.

What Scott Sumner says most about

interest rates 7

The real interest rate in the long run is determined by market forces, not by monetary policy.
The Federal Reserve's average inflation targeting framework is a real commitment to hold inflation near a 2% average across the 2020s, so an overshoot now has to be offset by undershoots later.

See all 7

inflation 4

Under a 2% inflation-targeting regime, monetary policy carries no meaningful fiscal implications.
The public dislikes inflation more than it dislikes taxes.

See all 4

America 2

The Federal Reserve's average inflation targeting framework is a real commitment to hold inflation near a 2% average across the 2020s, so an overshoot now has to be offset by undershoots later.

See all 2

quantitative easing 2

Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them.

See all 2