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

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 p...

Full description

Saved in:
Bibliographic Details
Published in:The Journal of economic perspectives 1997-04, Vol.11 (2), p.3-19
Main Author: Blinder, Alan S.
Format: Article
Language:English
Subjects:
Academic learning
Central banking
Central banks
Economic forecasting models
Economic models
Economic policy
Inflation rates
Macroeconomic modeling
Monetary policy
Unemployment
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by cdi_FETCH-LOGICAL-c3573-3c210421599ecbd037ea3cbff0a0969e4a992beaf6ed5be87968a8064e14045a3
cites cdi_FETCH-LOGICAL-c3573-3c210421599ecbd037ea3cbff0a0969e4a992beaf6ed5be87968a8064e14045a3
container_end_page 19
container_issue 2
container_start_page 3
container_title The Journal of economic perspectives
container_volume 11
creator Blinder, Alan S.
description 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.
doi_str_mv 10.1257/jep.11.2.3
format article
fullrecord <record><control><sourceid>jstor_proqu</sourceid><recordid>TN_cdi_proquest_journals_1683883256</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><jstor_id>2138233</jstor_id><sourcerecordid>2138233</sourcerecordid><originalsourceid>FETCH-LOGICAL-c3573-3c210421599ecbd037ea3cbff0a0969e4a992beaf6ed5be87968a8064e14045a3</originalsourceid><addsrcrecordid>eNo90D1PwzAQBmAPIFEKCzODJTakBH_kw2YroRSkSixQRstxLjShsVs7QeLfk6iIW-6G5-6kF6ErSmLK0vyuhX1MacxifoJmRMg04pzIM3QeQkumytIZOjw2oW_s59CELVR4DaYfPGBn8dI467rGBNxYvHLf4G0Htr_HH1vd42Icvd7hB22_wAdcuGE3rWtvce1dhxdGVzCtR5G2Fd40BvBmlPoCndZ6F-Dyr8_R-9PyrXiO1q-rl2KxjgxPcx5xwyhJGE2lBFNWhOeguSnrmmgiMwmJlpKVoOsMqrQEkctMaEGyBGhCklTzObo53t17dxgg9Kp1g7fjS0UzwYXgLM1GdXtUxrsQPNRq75tO-x9FiZpiVGOMilLFFB_x9RG3oXf-XzLKBeOc_wLIU3EQ</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1683883256</pqid></control><display><type>article</type><title>Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics--and Vice Versa</title><source>EconLit s plnými texty</source><source>EBSCOhost Business Source Ultimate</source><source>JSTOR Archival Journals and Primary Sources Collection</source><source>American Economic Association</source><creator>Blinder, Alan S.</creator><creatorcontrib>Blinder, Alan S.</creatorcontrib><description>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.</description><identifier>ISSN: 0895-3309</identifier><identifier>DOI: 10.1257/jep.11.2.3</identifier><language>eng</language><publisher>Nashville, Tenn: American Economic Association</publisher><subject>Academic learning ; Central banking ; Central banks ; Economic forecasting models ; Economic models ; Economic policy ; Inflation rates ; Macroeconomic modeling ; Monetary policy ; Unemployment</subject><ispartof>The Journal of economic perspectives, 1997-04, Vol.11 (2), p.3-19</ispartof><rights>Copyright 1997 American Economic Association</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3573-3c210421599ecbd037ea3cbff0a0969e4a992beaf6ed5be87968a8064e14045a3</citedby><cites>FETCH-LOGICAL-c3573-3c210421599ecbd037ea3cbff0a0969e4a992beaf6ed5be87968a8064e14045a3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/2138233$$EPDF$$P50$$Gjstor$$Hfree_for_read</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/2138233$$EHTML$$P50$$Gjstor$$Hfree_for_read</linktohtml><link.rule.ids>314,780,784,3748,27924,27925,58238,58471</link.rule.ids></links><search><creatorcontrib>Blinder, Alan S.</creatorcontrib><title>Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics--and Vice Versa</title><title>The Journal of economic perspectives</title><description>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.</description><subject>Academic learning</subject><subject>Central banking</subject><subject>Central banks</subject><subject>Economic forecasting models</subject><subject>Economic models</subject><subject>Economic policy</subject><subject>Inflation rates</subject><subject>Macroeconomic modeling</subject><subject>Monetary policy</subject><subject>Unemployment</subject><issn>0895-3309</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1997</creationdate><recordtype>article</recordtype><sourceid>JFNAL</sourceid><recordid>eNo90D1PwzAQBmAPIFEKCzODJTakBH_kw2YroRSkSixQRstxLjShsVs7QeLfk6iIW-6G5-6kF6ErSmLK0vyuhX1MacxifoJmRMg04pzIM3QeQkumytIZOjw2oW_s59CELVR4DaYfPGBn8dI467rGBNxYvHLf4G0Htr_HH1vd42Icvd7hB22_wAdcuGE3rWtvce1dhxdGVzCtR5G2Fd40BvBmlPoCndZ6F-Dyr8_R-9PyrXiO1q-rl2KxjgxPcx5xwyhJGE2lBFNWhOeguSnrmmgiMwmJlpKVoOsMqrQEkctMaEGyBGhCklTzObo53t17dxgg9Kp1g7fjS0UzwYXgLM1GdXtUxrsQPNRq75tO-x9FiZpiVGOMilLFFB_x9RG3oXf-XzLKBeOc_wLIU3EQ</recordid><startdate>19970401</startdate><enddate>19970401</enddate><creator>Blinder, Alan S.</creator><general>American Economic Association</general><scope>JFNAL</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>HFIND</scope><scope>HZAIM</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope></search><sort><creationdate>19970401</creationdate><title>Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics--and Vice Versa</title><author>Blinder, Alan S.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3573-3c210421599ecbd037ea3cbff0a0969e4a992beaf6ed5be87968a8064e14045a3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1997</creationdate><topic>Academic learning</topic><topic>Central banking</topic><topic>Central banks</topic><topic>Economic forecasting models</topic><topic>Economic models</topic><topic>Economic policy</topic><topic>Inflation rates</topic><topic>Macroeconomic modeling</topic><topic>Monetary policy</topic><topic>Unemployment</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Blinder, Alan S.</creatorcontrib><collection>JSTOR Open Access Journals</collection><collection>CrossRef</collection><collection>Periodicals Index Online Segment 16</collection><collection>Periodicals Index Online Segment 26</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - West</collection><collection>Primary Sources Access (Plan D) - International</collection><collection>Primary Sources Access &amp; Build (Plan A) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Midwest</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Northeast</collection><collection>Primary Sources Access (Plan D) - Southeast</collection><collection>Primary Sources Access (Plan D) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Southeast</collection><collection>Primary Sources Access (Plan D) - South Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - UK / I</collection><collection>Primary Sources Access (Plan D) - Canada</collection><collection>Primary Sources Access (Plan D) - EMEALA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - South Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - International</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - International</collection><collection>Primary Sources Access (Plan D) - West</collection><collection>Periodicals Index Online Segments 1-50</collection><collection>Primary Sources Access (Plan D) - APAC</collection><collection>Primary Sources Access (Plan D) - Midwest</collection><collection>Primary Sources Access (Plan D) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Canada</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - EMEALA</collection><collection>Primary Sources Access &amp; Build (Plan A) - APAC</collection><collection>Primary Sources Access &amp; Build (Plan A) - Canada</collection><collection>Primary Sources Access &amp; Build (Plan A) - West</collection><collection>Primary Sources Access &amp; Build (Plan A) - EMEALA</collection><collection>Primary Sources Access (Plan D) - Northeast</collection><collection>Primary Sources Access &amp; Build (Plan A) - Midwest</collection><collection>Primary Sources Access &amp; Build (Plan A) - North Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - Northeast</collection><collection>Primary Sources Access &amp; Build (Plan A) - South Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - Southeast</collection><collection>Primary Sources Access (Plan D) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - APAC</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - MEA</collection><jtitle>The Journal of economic perspectives</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Blinder, Alan S.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics--and Vice Versa</atitle><jtitle>The Journal of economic perspectives</jtitle><date>1997-04-01</date><risdate>1997</risdate><volume>11</volume><issue>2</issue><spage>3</spage><epage>19</epage><pages>3-19</pages><issn>0895-3309</issn><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.</abstract><cop>Nashville, Tenn</cop><pub>American Economic Association</pub><doi>10.1257/jep.11.2.3</doi><tpages>17</tpages><oa>free_for_read</oa></addata></record>
fulltext fulltext
identifier ISSN: 0895-3309
ispartof The Journal of economic perspectives, 1997-04, Vol.11 (2), p.3-19
issn 0895-3309
language eng
recordid cdi_proquest_journals_1683883256
source EconLit s plnými texty; EBSCOhost Business Source Ultimate; JSTOR Archival Journals and Primary Sources Collection; American Economic Association
subjects Academic learning
Central banking
Central banks
Economic forecasting models
Economic models
Economic policy
Inflation rates
Macroeconomic modeling
Monetary policy
Unemployment
title Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics--and Vice Versa
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-29T23%3A35%3A38IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-jstor_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Distinguished%20Lecture%20on%20Economics%20in%20Government:%20What%20Central%20Bankers%20Could%20Learn%20from%20Academics--and%20Vice%20Versa&rft.jtitle=The%20Journal%20of%20economic%20perspectives&rft.au=Blinder,%20Alan%20S.&rft.date=1997-04-01&rft.volume=11&rft.issue=2&rft.spage=3&rft.epage=19&rft.pages=3-19&rft.issn=0895-3309&rft_id=info:doi/10.1257/jep.11.2.3&rft_dat=%3Cjstor_proqu%3E2138233%3C/jstor_proqu%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c3573-3c210421599ecbd037ea3cbff0a0969e4a992beaf6ed5be87968a8064e14045a3%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=1683883256&rft_id=info:pmid/&rft_jstor_id=2138233&rfr_iscdi=true