Should Economists Target Nominal GDP?

The video discusses the differences between real and nominal GDP, emphasizing the importance of price stability and its impact on economic models. It highlights the role of demographics in driving economic growth, particularly in the context of the UK economy. The discussion also covers the potential implications of Brexit on job creation and demographic changes, with a focus on the influx of people from the European Union and its contribution to economic strength.

What is the significance of distinguishing between nominal GDP and real GDP according to the speaker?

How does the speaker view the impact of demographics on the economy?

What concerns are raised about the potential brain drain in the UK post-Brexit?

According to the speaker, how has the Brexit campaign framed the issue of job creation?

What role does the speaker attribute to immigration in the growth of the UK economy?