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Journal of Economic Perspectives: Vol. 11 No. 2 (Spring 1997)
JEP Volume. 11, Issue 2 |
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Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics--And Vice Versa
Article Citation
Blinder, Alan S. 1997. "Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics--And Vice Versa."
Journal of Economic Perspectives,
11(2): 3-19.
DOI: 10.1257/jep.11.2.3
DOI: 10.1257/jep.11.2.3
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.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Blinder, Alan S. (Princeton U)
JEL Classifications
E58: Central Banks and Their Policies
A12: Relation of Economics to Other Disciplines
M21: Business Economics
A12: Relation of Economics to Other Disciplines
M21: Business Economics
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