Answer to Question #208535 in Macroeconomics for Adnan

Question

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

Summary

Answer 1

Academic literature on monetary policy has been valuable to central bankers, but more of (certain aspects of) economists' thought could be exported economically. Academics, on the other hand, could improve their research and make it more relevant to policymakers if they focused more on'real-world' aspects of monetary policy.