Friday , July 30 2021

AIT so far

Summary:
[unable to retrieve full-text content]Last August, I did a blog post suggesting that in order for the Fed’s new average inflation targeting policy to be successful the PCE price level needed to be roughly 135.207 in January 2030, which represents a 2% annual growth rate over the January 2020 price level (110.917.) The most recent PCE data is for […]

Topics:
Scott Sumner considers the following as important:

This could be interesting, too:

Tyler Cowen writes Wednesday assorted links

Tyler Cowen writes My excellent Conversation with Niall Ferguson

Tyler Cowen writes Tuesday assorted links

Tyler Cowen writes Monday assorted links

Last August, I did a blog post suggesting that in order for the Fed’s new average inflation targeting policy to be successful the PCE price level needed to be roughly 135.207 in January 2030, which represents a 2% annual growth rate over the January 2020 price level (110.917.) The most recent PCE data is for […]
Scott Sumner
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—i.e., real GDP growth plus the rate of inflation—to better "induce the correct level of business investment".

Leave a Reply

Your email address will not be published. Required fields are marked *