Scott Sumner
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Ralph G. Hawtrey Chair Emeritus of Monetary Policy
Scott Sumner is the Ralph G. Hawtrey Chair Emeritus of Monetary Policy at the Mercatus Center at George Mason University and Professor Emeritus at Bentley University. In his writing and research, Sumner specializes in monetary policy, the role of the international gold market in the Great Depression, and the history of macroeconomic thought.
Named by Foreign Policy magazine in 2012 as one of the “top 100 global thinkers,” Sumner has published papers in academic journals including the Journal of Political Economy, Economic Inquiry, and the Journal of Money, Credit and Banking. He is author of the popular economics blog The Money Illusion and a contributor to EconLog. His work has appeared in media outlets nationwide and beyond, including the New York Times, Wall Street Journal, BBC, CNBC, The Economist, Financial Times, Politico, The National Interest, and The American.
Sumner received his PhD and MA in economics from the University of Chicago and his BA in economics from the University of Wisconsin.
Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
New Fed Approach Takes Inflation Targeting More Seriously
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Another Example of Monetary Offset
- | Expert Commentary Expert Commentary
Can the Fed Reduce Racial Inequality?
- | Monetary Policy Monetary Policy
- | Research Papers Research Papers
Housing Policy, Monetary Policy, and the Great Recession
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on the Government’s Response to COVID-19 and the Future of Level Targeting
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Reforming the Fed’s Toolkit and Quantitative Easing Practices: A Plan to Achieve Level Targeting
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Even in a World of Zero-Percent Interest Rates, the Fed Likely Has Enough Monetary Policy Tools
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
There is No Substitute for Monetary Policy
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on How Central Banks Should Respond to the Coronavirus Threat
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
Currency Manipulation, Saving Manipulation, and the Current Account Balance
Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
New Fed Approach Takes Inflation Targeting More Seriously
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Another Example of Monetary Offset
- | Expert Commentary Expert Commentary
Can the Fed Reduce Racial Inequality?
- | Monetary Policy Monetary Policy
- | Research Papers Research Papers
Housing Policy, Monetary Policy, and the Great Recession
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on the Government’s Response to COVID-19 and the Future of Level Targeting
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Reforming the Fed’s Toolkit and Quantitative Easing Practices: A Plan to Achieve Level Targeting
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Even in a World of Zero-Percent Interest Rates, the Fed Likely Has Enough Monetary Policy Tools
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
There is No Substitute for Monetary Policy
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on How Central Banks Should Respond to the Coronavirus Threat
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
Currency Manipulation, Saving Manipulation, and the Current Account Balance
Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Are Recessions about Employment?
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Please Abolish the Fed's Balance Sheet
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Now You Want Easier Money
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Bad Advice from the Financial Times
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Bad Advice from the Financial Times
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Natural Interest Rate Bleg
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Is the Fed Holding Down Growth?
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
What About The TIPS Spread?
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
What Kind of Fed 'Put'?
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary