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A Letter to Ben Bernanke

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  • N. Gregory Mankiw

Abstract

This paper discusses five questions the incoming chairman of the Federal Reserve must ponder as he assumes his new post. How important are monetary rules? Should the Fed adopt inflation targeting? Should he be free with his opinions? Should he be a high-profile public figure? Is it more important to be good or lucky?
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Suggested Citation

  • N. Gregory Mankiw, 2006. "A Letter to Ben Bernanke," American Economic Review, American Economic Association, vol. 96(2), pages 182-184, May.
    • Handle: RePEc:aea:aecrev:v:96:y:2006:i:2:p:182-184
    Note: DOI: 10.1257/000282806777212026
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/000282806777212026
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    Cited by:

    1. Lutz Kilian & Simone Manganelli, 2008. "The Central Banker as a Risk Manager: Estimating the Federal Reserve's Preferences under Greenspan," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(6), pages 1103-1129, September.
    2. Salter, Alexander W. & Smith, Daniel J., 2019. "Political economists or political economists? The role of political environments in the formation of fed policy under burns, Greenspan, and Bernanke," The Quarterly Review of Economics and Finance, Elsevier, vol. 71(C), pages 1-13.
    3. Lendvai, Julia, 2006. "Inflation dynamics and regime shifts," Working Paper Series 684, European Central Bank.
    4. Efrem Castelnuovo, 2006. "Assessing Different Drivers of the GreatModeration in the U.S," "Marco Fanno" Working Papers 0025, Dipartimento di Scienze Economiche "Marco Fanno".
    5. Singleton,John, 2010. "Central Banking in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521899093, September.

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