tsai3904
11-06-2013, 04:15 PM
About the IGM Economic Experts Panel
This panel explores the extent to which economists agree or disagree on major public policy issues. To assess such beliefs we assembled this panel of expert economists. Statistics teaches that a sample of (say) 40 opinions will be adequate to reflect a broader population if the sample is representative of that population.
To that end, our panel was chosen to include distinguished experts with a keen interest in public policy from the major areas of economics, to be geographically diverse, and to include Democrats, Republicans and Independents as well as older and younger scholars. The panel members are all senior faculty at the most elite research universities in the United States.
http://i42.tinypic.com/11ln8m8.png
Some quotes from survey participants:
The bill will reduce the policy independence of the Fed.
It is important for the Fed to be able to operate with a minimum of political interference.
Um, have you seen how it has worked in countries with political oversight of monetary policy decisions? -Austan Goolsbee
The existing system of an independent Fed acting with finality has worked well. There's nothing to be gained from such an audit.
This looks like an attempt at facilitating more political interference with Fed policy.
The point of this bill is to dial back central independence. Abundant evidence suggests worse monetary policy will follow if it is enacted.
http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_0fdeZhVnhbqiie9
This panel explores the extent to which economists agree or disagree on major public policy issues. To assess such beliefs we assembled this panel of expert economists. Statistics teaches that a sample of (say) 40 opinions will be adequate to reflect a broader population if the sample is representative of that population.
To that end, our panel was chosen to include distinguished experts with a keen interest in public policy from the major areas of economics, to be geographically diverse, and to include Democrats, Republicans and Independents as well as older and younger scholars. The panel members are all senior faculty at the most elite research universities in the United States.
http://i42.tinypic.com/11ln8m8.png
Some quotes from survey participants:
The bill will reduce the policy independence of the Fed.
It is important for the Fed to be able to operate with a minimum of political interference.
Um, have you seen how it has worked in countries with political oversight of monetary policy decisions? -Austan Goolsbee
The existing system of an independent Fed acting with finality has worked well. There's nothing to be gained from such an audit.
This looks like an attempt at facilitating more political interference with Fed policy.
The point of this bill is to dial back central independence. Abundant evidence suggests worse monetary policy will follow if it is enacted.
http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_0fdeZhVnhbqiie9