The Federal Reserve System's Influence on Research in Monetary Economics
AbstractThe Federal Reserve System is a major sponsor of monetary economics research by American economists. I provide some measures of the size of the Fedâ€™s research program (both inputs and published outputs) and consider how the Fedâ€™s sponsorship may directly and indirectly influence the character of academic research in monetary economics. In particular, I raise the issue of status quo bias in the Fed-sponsored research.
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Bibliographic InfoArticle provided by Econ Journal Watch in its journal Econ Journal Watch.
Volume (Year): 2 (2005)
Issue (Month): 2 (August)
monetary economics; central bank;
Find related papers by JEL classification:
- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
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