Tagged: iPredict

Kiwis trading on American futures - The Dismal Science

Eric Crampton Oct 11, 2014

There will soon be NGDP futures markets in which traders can buy and sell contracts paying out based on American quarterly nominal GDP. Scott Sumner's long advocated these kinds of markets for macroeconomic forecasting and as target for the Federal Reserve: the Fed should be targeting something like a 5% growth rate.But the markets won't be based in America. Read More