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Scott Sumner

Affiliation: Bentley University

Scott Sumner has taught economics at Bentley University for the past 27 years.

He earned a BA in economics at Wisconsin and a PhD at University of Chicago.

Professor Sumner's current research topics include monetary policy targets and the Great Depression. His areas of interest are macroeconomics, monetary theory and policy, and history of economic thought.

Professor Sumner has published articles in the Journal of Political Economy, the Journal of Money, Credit and Banking, and the Bulletin of Economic Research.

Visit: TheMoneyIllusion




Scott Sumner's Latest Articles | 279

More Evidence that Bernanke is a Dove

Jan 27, 2012| 

More on the endlessly interesting Bernanke press conference: Robin Harding: Robin Harding from the Financial Times. Mr. Chairman, while I look at these forecasts... Read »

Money Doesn’t Pour Into Markets

Jan 20, 2012| 

One often reads people talking about how investors poured lots of money into stocks, bonds, houses, gold, or some other asset.  Sometimes this fact is used to explain... Read »

The Keynesian Bubble

Jan 17, 2012| 

I’m increasing inclined to believe that the Keynesian way of thinking about the world (that spending shocks drive the economy) is so intuitively appealing that... Read »

Did Tight Money Cause Part of the Housing Bubble?

Jan 13, 2012| 

Lots of people have argued that easy money contributed to the housing bubble.  I mostly disagree, as money wasn’t particularly easy.  Just to be clear, I’m... Read »

Nobel Prizes for Alchemy?

Jan 11, 2012| 

Paul Krugman recently praised Simon Wren-Lewis’s attack on Bob Lucas and John Cochrane: Imagine a Nobel Prize winner in physics, who in public debate makes elementary... Read »

The Myth of the Pro-German ECB

Jan 3, 2012| 

The ECB likes low inflation.  So does Germany.  That has led many people to wrongly assume that ECB policy is somehow pro-German. In the long run the trend rate... Read »

Real Shocks/Nominal Shocks

Dec 20, 2011| 

This is part one of two posts on business cycles. Both posts will examine one of the greatest mysteries on all of economics: Why no mini-recessions? I’ll get into... Read »

Effective Monetary Policies are All Alike, Every Ineffective Policy is Ineffective in Its Own Way

Dec 19, 2011| 

More than 100 years ago Tolstoy got to the heart of what’s wrong with Keynesianism.  I don’t know why it took me so long to figure it out. An effective monetary... Read »

Bondage and Discipline

Dec 16, 2011| 

When inflation rates in most countries soared during the 1970s, economists reacted by developing ad hoc theories about why this was inevitable with discretionary... Read »

Why is Aggregate Demand So Confusing?

Dec 15, 2011| 

It’s possible that I’m the one that’s confused.  But since it’s my blog, I’ll write the post as if others are confused. Picture the AS/AD diagram.  Now... Read »

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