May 20, 2020
Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University, Professor Emeritus of economics at Bentley University, and a research fellow at the Independent Institute. As a returning guest to the podcast, Scott joins Macro Musings to give his latest thoughts on the COVID-19 crisis and its implications for monetary policy. Specifically, David and Scott discuss how the Fed can conduct more aggressive monetary policy, what a level targeting regime should look like in the future, and the current progression toward negative interest rates.
Transcript for the episode can be found here.
Scott’s Mercatus profile: https://www.mercatus.org/scholars/scott-sumner
Scott’s blog: https://www.themoneyillusion.com/
Scott's bonus segment: https://www.youtube.com/watch?v=z8DXU_1oIsg&feature=youtu.be
*Reforming the Fed’s Toolkit and Quantitative Easing Practices: A Plan to Achieve Level Targeting* by Scott Sumner and Patrick Horan
*Negative Interest Rates and Negative IOER* by Scott Sumner
David’s blog: macromarketmusings.blogspot.com
David’s Twitter: @DavidBeckworth