Monetary Policy Missteps
Scott explains the causal relationship between a fall in nominal GDP and its impact on real output, attributing the decline to unintentionally contractionary monetary policy during the financial crisis.In this clip
From this podcast
EconTalk
Scott Sumner on Money and the Fed
Related Questions
How did the 2008 financial crisis influence the economy as discussed in the episode Scott Sumner on Money, Business Cycles, and Monetary Policy and the clip The Perfect Storm?
How did the 2008 financial crisis influence the economy as discussed in the episode Scott Sumner on Money, Business Cycles, and Monetary Policy and the clip The Perfect Storm?