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...
alan challenges confronted enjoyed fed good greenspan luck required share tenure touch variety wide
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.
basis chance cold declaring fed good obviously optimists policy saying throw tried water
The Fed really tried to throw some cold water on those who are saying the recession's over already. The optimists are declaring it over already ... I think there's a good chance they're wrong, and the Fed obviously is predicating policy on the basis that they are wrong.
alan created deep era faith federal greenspan learn reservoir soon whether
We will soon learn whether the Greenspan era has created a deep reservoir of faith in the Federal Reserve, or just in Alan Greenspan.
economy number remember treat
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.
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.
beyond goes large sees stake ups
The AFL-CIO sees a large stake in this disagreement that potentially goes beyond UPS workers.
continue worldwide
It's a worldwide shift. It started before Greenspan, it was furthered by Greenspan, and it will continue after.
dangers virtue
What this illustrates is the virtue of being more plain-spoken and the dangers when you are not.
skills age lucky
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.
law influence economics
"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.
hands giving trying
If you try to give an on-the-one-hand-or-the-other- hand answer, only one of the hands tends to get quoted.
cutting would-be inventory
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.
mean next kind
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.
democracy public-opinion input
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].