Alan Blinder
Alan Blinder
Alan Stuart Blinderis an American economist. He serves at Princeton University as the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs in the Economics Department, and vice chairman of The Observatory Group. He founded Princeton’s Griswold Center for Economic Policy Studies in 1990. Since 1978 he has been a Research Associate of the National Bureau of Economic Research. He is also a co-founder and a vice chairman of the Promontory Interfinancial Network, LLC. He is among the most...
employment faces gas happy holiday income prices reasons retail season shopping
One of the reasons for all the happy faces in retail this holiday shopping season is that gas prices are going down, down, down. Employment and income are doing well.
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We will soon learn whether the Greenspan era has created a deep reservoir of faith in the Federal Reserve, or just in Alan Greenspan.
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While Alan Greenspan may have enjoyed more than his share of good luck during his storied tenure as Fed chairman, he was also confronted with a wide variety of challenges that required subtlety, a deft touch and good judgment.
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Never treat only one productivity number that seriously, ... What you have to remember is that productivity has always been very cyclical. When the economy sags, productivity sags.
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The AFL-CIO sees a large stake in this disagreement that potentially goes beyond UPS workers.
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It's a worldwide shift. It started before Greenspan, it was furthered by Greenspan, and it will continue after.
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What this illustrates is the virtue of being more plain-spoken and the dangers when you are not.
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And the maestro surely wielded the chairman's baton with extraordinary skill. His stellar record suggests that the only right answer to the age-old question of whether it is better to be lucky or good may be: both.
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"Murphys law of economic policy": Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least and disagree most vehemently.
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If you try to give an on-the-one-hand-or-the-other- hand answer, only one of the hands tends to get quoted.
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In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters. And there would be an inventory pileup. And then - bam - businesses would react, sometimes violently, by cutting production.
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There is a kind of a cascading chain, ... If one can't sell, then that business doesn't buy and that means the next business doesn't sell, and the previous business doesn't sell, and so on.
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Public opinion is presumptively an input to policy formation in a democracy because politicians respond to it or at least are believed to respond [to it].
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The last duty of a central banker is to tell the public the truth.