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‘The Real Problem was Nominal: The Great Recession and Nominal GDP Targeting’ – Seminar with Scott Sumner

Event date
Monday, 28 November, 2016
Event time
12:30 to 14:00
Event place
Listen to the seminar here
Event Type
Offline Event
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Please find the slides here

Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center and a prominent blogger (TheMoneyIllusion.com, Econlog). His research is in the field of monetary economics, particularly the role of the gold standard in the Great Depression, which he explored in a book entitled “The Midas Paradox” published in 2015.

He has also published in the Journal of Political Economy, the Journal of Money, Credit and Banking, and Economic Inquiry. His policy work has focused on the importance of expectations, particularly the idea of using futures markets to guide monetary policy.

In this seminar Sumner will argue that the Great Recession has been widely misdiagnosed, and was primarily caused by an excessively tight monetary policy by the Fed, the ECB and most other major central banks.


Sandwiches will be offered at 12.30pm. The seminar will start at 1pm.


To Register: Places are limited, therefore to ensure attendance please RSVP as soon as possible to Luca Pieri (email: l.pieri [at] niesr.ac.uk or telephone: 020 7654 1931)


Please feel free to share this invitation with interested colleagues


Date:    Monday 28th November 2016

Time:   12.30 to 2pm

Venue: NIESR, 2 Dean Trench Street, Smith Square, London SW1P 3HE