The Federal Reserve System's Influence on Research in Monetary Economics
The 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.
Volume (Year): 2 (2005)
Issue (Month): 2 (August)
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