A Letter to Ben Bernanke
讨论了新任美联储主席伯南克上任前必须思考的五个问题,包括货币规则的重要性、是否采用通胀目标制、言论自由度、公众形象以及运气与能力哪个更重要。
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?