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BIBTEX RIS

Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics—and Vice Versa

1997; American Economic Association; Volume: 11; Issue: 2 Linguagem: Inglês

10.1257/jep.11.2.3

ISSN

1944-7965

Autores

Alan S. Blinder,

Tópico(s)

Economic Theory and Policy

Resumo

Academic 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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