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

Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from... 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

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

Journal of Economic Perspectives , Volume 11 (2) – May 1, 1997

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References (20)

Publisher
American Economic Association
Copyright
Copyright © 1997 by the American Economic Association
Subject
Lecture
ISSN
0895-3309
DOI
10.1257/jep.11.2.3
Publisher site
See Article on Publisher Site

Abstract

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.

Journal

Journal of Economic PerspectivesAmerican Economic Association

Published: May 1, 1997

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