Scott Sumner

Scott B. Sumner is an American economist and professor at George Mason University .

Life

Sumner graduated with a PhD in economics from the University of Chicago in 1985 and then published mainly on forecasting markets and monetary policy. He gained broader recognition in the course of the financial crisis in 2007 , when Sumner contradicted the thesis on his blog that the economy of the United States was in a state of being Liquidity trap . He developed a theory that central banks like the Federal Reserve should create a futures market for the nominal level of GDP; the information obtained should serve to control the nominal GDP (NGDP targeting). In the circle of this thesis is on an economic school as "developed Marktmonetarismus " (market monetarism) became known as the "gray eminence" Ambrose Evans-Pritchard called Sumner. In 2012, the Chronicle of Higher Education named Sumner, alongside Gregory Mankiw and Paul Krugman, “one of the most influential bloggers in economics”.

Web links

• Internet presence at Bentley University
• Blog
• Marginal revolutionaries , The Economist , Dec 31, 2011

Individual evidence

1. ^ Scott B. Sumner . Bentley University . Retrieved January 18, 2011.
2. ^ Paul Krugman: A quick response to Scott Sumner . In: The New York Times . March 2, 2009. Retrieved January 18, 2011.
3. ↑ Ambrose Evans-Pritchard: Should the Fed save Europe from disaster? . In: The Telegraph , November 27, 2011. Retrieved December 1, 2011. 
4. ^ Dan Berrett: ' Dim Sum for the Mind': Economics Blogs Engage Policy Wonks and Students . In: Chronicle of Higher Education , January 8, 2012. Retrieved January 16, 2012.