A Letter to Ben Bernanke

N. Gregory Mankiw

No 2110, Harvard Institute of Economic Research Working Papers from Harvard - Institute of Economic Research

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?

Date: 2006
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