Scott Sumner on Alternative Approaches to Monetary Policy
Macro Musings with David Beckworth
00:00
Is Nominal GDP Going Down?
The e c b is tightening at a pace that seems to be imposing more damage than good. Given their bias and the focus on headline inflation there, it wouldn't surprise me at all if they tightened too much and push rozone into a recession. Inevitably, the supply problems will cause economic distress in europe, but there doesn't need to be a severe demand side down turn given what they've done so far.
Transcript
Play full episode
