Bennett McCallum

Last updated
Bennett T. McCallum [1]
Born(1935-07-27)July 27, 1935
DiedDecember 28, 2022(2022-12-28) (aged 87)
NationalityAmerican
Academic career
Institution Carnegie Mellon University
University of Virginia
Field Monetary economics
Econometrics
School or
tradition
New classical economics
Alma mater Rice University
Harvard University
Influences John Muth
Robert E. Lucas
Contributions McCallum rule
Information at IDEAS / RePEc

Bennett Tarlton McCallum (July 27, 1935 - December 28, 2022 [2] ) was an American monetary economist. He was H. J. Heinz Professor of Economics at Carnegie Mellon University's Tepper School of Business. [3] He is known for the McCallum Rule, a monetary policy proposal advocating targeting the growth rate of the monetary base. [4] [5]

Contents

McCallum earned a B.A. and a B.Sc. (in chemical engineering) from Rice University. He then attended Harvard Business School to earn his M.B.A., before returning to Rice in order to obtain his Ph.D. in economics.

He became professor at Carnegie Mellon in 1981, after holding a professorship at the University of Virginia (1974–1982). Among his doctoral students was Charles L. Evans, the current president of the Federal Reserve Bank of Chicago. [6]

See also

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References

  1. Who's Who in Economics, Edward Elgar Publishing, 2003, p. 549.
  2. "Bennett McCallum Obituary (2023) - Charlottesville, VA - Daily Progress". Legacy.com .
  3. "Bennett T. McCallum (Homer Jones Lecture) - St. Louis Fed". research.stlouisfed.org. Retrieved 2019-05-13.
  4. Chen, James. "McCallum Rule". Investopedia. Retrieved 2019-05-13.
  5. McCallum, B. T. (1987). The case for rules in the conduct of monetary policy: a concrete example. Review of World Economics, 123(3), 415-429.
  6. Tepper School of Business: Doctoral Program Newsletter, Issue 14, September 2007. Archived June 13, 2010, at the Wayback Machine