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Political economists or political economists? The role of political environments in the formation of fed policy under burns, Greenspan, and Bernanke

Abstract:
How do political environments influence the behavior of economists who transition from academic and business environments to policymaking positions? And, more specifically, are an economist’s preexisting beliefs and principles congruent with their policy stances and actions once they transition into a policy role? These questions are particularly relevant when it comes to central banking because central bankers, who wield substantial economic influence, are often selected for policy roles based partly on their stated principles and beliefs. To address these questions, we analyze the writings and speeches of three economists, Arthur Burns, Alan Greenspan, and Ben Bernanke, as they transitioned to becoming chairmen of the Fed. The tension between their previously stated views and their subsequent policy stances as Fed chairmen suggest that operation within political institutions impelled them to alter their views. Our findings suggest it is important to take a realistic view of politics and the political process when discussing central banking and monetary policy.
Author Listing: Alexander William Salter;Daniel J. Smith
Volume: 71
Pages: 1-13
DOI: 10.1016/J.QREF.2018.10.002
Language: English
Journal: The Quarterly Review of Economics and Finance

QUARTERLY REVIEW OF ECONOMICS AND FINANCE

Q REV ECON FINANC

影响因子:3.1
是否综述期刊:否
是否OA:否
是否预警:不在预警名单内
发行时间:-
ISSN:1062-9769
发刊频率:-
收录数据库:Scopus收录
出版国家/地区:-
出版社:Elsevier

期刊介绍

年发文量 108
国人发稿量 28
国人发文占比 25.5%
自引率 3.2%
平均录取率 -
平均审稿周期 -
版面费 US$1940
偏重研究方向 ECONOMICS-
期刊官网 -
投稿链接 -

质量指标占比

研究类文章占比 OA被引用占比 撤稿占比 出版后修正文章占比
99.07% 13.13% 0.00% 0.00%

相关指数

影响因子
影响因子
年发文量
自引率
Cite Score

预警情况

时间 预警情况
2025年03月发布的2025版 不在预警名单中
2024年02月发布的2024版 不在预警名单中
2023年01月发布的2023版 不在预警名单中
2021年12月发布的2021版 不在预警名单中
2020年12月发布的2020版 不在预警名单中

JCR分区 WOS分区等级:Q1区

版本 按学科 分区
WOS期刊SCI分区
(2021-2022年最新版)
ECONOMICS Q1

中科院分区

版本 大类学科 小类学科 Top期刊 综述期刊
经济学
2区
ECONOMICS
经济学
2区
2021年12月
升级版
经济学
3区
ECONOMICS
经济学
3区
2022年12月
最新升级版
经济学
3区
ECONOMICS
经济学
3区