Sunday , June 13 2021
Home / S. Sumner: Money Illusion / Yes, the Fed is serious about creating inflation

Yes, the Fed is serious about creating inflation

Summary:
[unable to retrieve full-text content]In 2020, I got a great deal of grief from people who thought I was naive when I suggested the Fed’s new AIT regime was a big deal, and that it would lead higher inflation going forward. When TIPS spreads were 0.6% last March, I suggested that TIPS might be a good investment. What do […]

Topics:
Scott Sumner considers the following as important:

This could be interesting, too:

Tyler Cowen writes Saturday assorted links

Tyler Cowen writes *Ages of American Capitalism*

Tyler Cowen writes What I’ve been reading

Tyler Cowen writes Friday assorted links

In 2020, I got a great deal of grief from people who thought I was naive when I suggested the Fed’s new AIT regime was a big deal, and that it would lead higher inflation going forward. When TIPS spreads were 0.6% last March, I suggested that TIPS might be a good investment. What do […]
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Your email address will not be published.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 *