Work

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

Year: 1997

Type: article

Abstract: 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.

Source: The Journal of Economic Perspectives

DOI: 10.1257/jep.11.2.3

Author: Alan S Blinder

Institution: Princeton University

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Quality education

Open Access status: bronze

OpenAlex ID: W2133826741

FWCI: 82.79

Cites: 25

Cited by: 381

Related to: 10