Market Monetarism and The Future of Monetary Policy with Scott Sumner
Village Global Podcast
00:00
Nom Level Targeting or Nominal G D Ps?
Inflation isn't really the right target for ma economic stabilization. A stable path for nominal g d p is better than a stable path for inflation. The best argument against it probably would be that there are certain types of shocks, like covid, where n g d p targeting wouldn't have worked all that well. So i tend to favor targeting sort of future expected nominal gd p.
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