Scott Sumner, Professor of Economics, Bentley University

GiveWell spoke with Professor Scott Sumner of Bentley University about creating a Nominal Gross Domestic Product (NGDP) futures market as part of the Open Philanthropy Project’s investigation of macroeconomic policy. Conversation topics included:

• The case for NGDP targeting
• The purpose of an NGDP futures market
• The importance of liquidity to a successful NGDP futures market
• The logistics of setting up a demonstration NGDP futures market

Read more