Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics--And Vice Versa
AbstractAcademic writing about monetary policy has been useful to practical central bankers, but more of (certain aspects of) the economists' way of thinking could profitably be imported. On the other hand, academics could improve their analysis, and make it more useful to policymakers, if they would pay more attention to certain 'real-world' aspects of monetary policy. The author draws on his experience at the Federal Reserve Board to point out a number of specific lessons for each side.
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Bibliographic InfoArticle provided by American Economic Association in its journal Journal of Economic Perspectives.
Volume (Year): 11 (1997)
Issue (Month): 2 (Spring)
Find related papers by JEL classification:
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
- M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics
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