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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

Christina Romer on Fiscal Policy

Nov 21, 2011| 

Marcus Nunes sent me a new Christina Romer paper, which claims that fiscal stimulus is effective.  I’ll argue that she has some good evidence, but also that there... Read »

Three Options for the Eurozone

Nov 19, 2011| 

Option 1:  Do massive bailouts of the PIGS, unleashing enormous moral hazard and removing the incentive to address their unsustainable budget policies.  Worst... Read »

What the Eurozone Crisis Teaches Us About the Subprime Crisis

Nov 16, 2011| 

Consider the following: Banks pour huge amounts of money into one particular asset class.  They are encouraged to do this by public policymakers, although there... Read »

Argentina: Are Conservatives Wrong About Markets or Money?

Nov 14, 2011| 

Argentina offers an interesting lesson in the relative importance of monetary policy and structural reforms. During the period from 1991-97 it grew very rapidly... Read »

Are Corporate Profits Actually Very High?

Nov 14, 2011| 

The OWS crowd is driven by many issues, including income inequality and the falling share of national income going to labor.  I have no reason to question the income... Read »

The Captain and the Firefighter: How Fiscal Stimulus Screwed Up Monetary Policy

Nov 14, 2011| 

In the basic New Keynesian model the Fed is seen as something like a ship’s captain, which steers the economy between the twin dangers of recession and high inflation. ... Read »

A Bush League Economy

Nov 10, 2011| 

It’s hard to believe how much damage Bush did to the US economy in 8 short years: Massive increases in federal spending on education Tax cuts without spending... Read »

Good Guys and Bad guys

Nov 9, 2011| 

Here’s a list of the 15 biggest current account surpluses, at least for countries listed in the back of the Economist magazine: Country CA surplus (share of... Read »

What do the French Really Believe About Capitalism?

Nov 8, 2011| 

The French elite (both left and right wing) are famous for disparaging the savage inequalities of Anglo-Saxon laissez-faire capitalism.  (BTW, I’ve never been... Read »

Bernanke Does Not Have A Secret Plan to Stymie Stimulus

Oct 14, 2011| 

The post title is in response to a Matt Yglesias post entitled: Does Ben Bernanke have a secret plan to stymie stimulus? Matt begins his post as follows: Scott Sumner... Read »

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