Roger Farmer on NGDP futures targeting, by Scott Sumner

Published: 5/10/2017
Roger Farmer on NGDP futures targeting, by Scott Sumner
Source: ECONLOG.ECONLIB.ORG

I had the good fortune of meeting Roger Farmer last year, when he was still teaching at UCLA. We had a great discussion of Keynes's ideas. (I seem to recall we both thought he was misunderstood, and that the General Theory focused more on wages and nominal spending, rather than prices and real GDP.) Unfortunately I've been so busy with two book projects that I haven't had much time to revisit h

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