{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Scott Sumner on the Princeton School of Macroeconomics and Overcoming Inflationary Fears","description":"Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center and a returning guest to Macro Musings. He joins the podcast today to talk about his ongoing work on the Princeton School of Macroeconomics as well as his thoughts on monetary policy in 2021. Specifically, David and Scott discuss the economic contributions of various different Princeton economists as well as how the central bank can overcome inflationary fears and establish further institutional credibility. &amp;nbsp; Transcript for the episode can be found  here. &amp;nbsp; Scott\u2019s automated Twitter: @MoneyIllusion Scott\u2019s blog: https:\/\/www.themoneyillusion.com\/ Scott\u2019s Mercatus profile: https:\/\/www.mercatus.org\/scholars\/scott-sumner &amp;nbsp; Related Links: &amp;nbsp; *It\u2019s Baaack: Japan\u2019s Slump and the Return of the Liquidity Trap* by Paul Krugman, Kathryn Dominguez, and Kenneth Rogoff  https:\/\/www.brookings.edu\/bpea-articles\/its-baaack-japans-slump-and-the-return-of-the-liquidity-trap\/ &amp;nbsp; *Great Expectations and the End of the Depression* by Gauti Eggertsson https:\/\/www.jstor.org\/stable\/29730131?seq=1 &amp;nbsp; *The Zero Bound on Interest Rates and Optimal Monetary Policy* by Gauti Eggertsson and Michael Woodford  https:\/\/www.brookings.edu\/bpea-articles\/the-zero-bound-on-interest-rates-and-optimal-monetary-policy\/ &amp;nbsp; *Methods of Policy Accommodation at the Interest-Rate Lower Bound* by Michael Woodford https:\/\/kansascityfed.org\/publicat\/sympos\/2012\/mw.pdf &amp;nbsp; *Bernanke\u2019s No-arbitrage Argument Revisited: Can Open Market Operations in Real Assets Eliminate the Liquidity Trap?* By Gauti Eggertsson and Kevin Proulx https:\/\/www.nber.org\/papers\/w22243 &amp;nbsp; *Japanese Monetary Policy: A Case of Self-Induced Paralysis?* by Ben Bernanke https:\/\/www.princeton.edu\/~pkrugman\/bernanke_paralysis.pdf &amp;nbsp; *Implementing Optimal Policy through Inflation-Forecast Targeting* by Lars Svensson and Michael Woodford https:\/\/www.nber.org\/papers\/w9747 &amp;nbsp; *Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others* by Lars Svensson https:\/\/www.nber.org\/papers\/w10195 &amp;nbsp; David\u2019s blog: macromarketmusings.blogspot.com David\u2019s Twitter: @DavidBeckworth ","author_name":"Macro Musings with David Beckworth","author_url":"http:\/\/macromarketmusings.blogspot.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/17491958\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/93105230"}