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The Federal Reserve System's Influence on Research in Monetary Economics

Author

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  • Lawrence H. White

Abstract

The Federal Reserve System is a major sponsor of monetary economics research by American economists. I provide some measures of the size of the Fed’s research program (both inputs and published outputs) and consider how the Fed’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.

Suggested Citation

  • Lawrence H. White, 2005. "The Federal Reserve System's Influence on Research in Monetary Economics," Econ Journal Watch, Econ Journal Watch, vol. 2(2), pages 325-354, August.
  • Handle: RePEc:ejw:journl:v:2:y:2005:i:2:p:325-354
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    Citations

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    Cited by:

    1. Roger Koppl & William Luther, 2012. "Hayek, Keynes, and modern macroeconomics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(3), pages 223-241, September.
    2. Rep. Gerald P. O'Driscoll Jr., 2014. "Prospects for Fundamental Monetary Reform," Cato Journal, Cato Journal, Cato Institute, vol. 34(2), pages 395-405, Spring/Su.

    More about this item

    Keywords

    monetary economics; central bank;

    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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    1. Lawrence H. White in Wikipedia Spanish ne '')

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