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Mark Carney on NGDP targeting

Summary:
[unable to retrieve full-text content]David Beckworth has a new podcast where he interviews Mark Carney, former head of the Bank of England (and previously the Bank of Canada.) This caught my eye: Carney: Last point if I may, what we did in lieu of moving to nominal GDP targeting, it was a reasonably healthy debate about it, which is […]

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David Beckworth has a new podcast where he interviews Mark Carney, former head of the Bank of England (and previously the Bank of Canada.) This caught my eye: Carney: Last point if I may, what we did in lieu of moving to nominal GDP targeting, it was a reasonably healthy debate about it, which is […]
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".

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