The FOMC versus the Staff: Where Can Monetary Policymakers Add Value?
探讨央行专业工作人员与任命政策制定者之间的合理分工，引用Svensson（1999）观点，认为政策制定者应基于工作人员对经济状况和政策效果的预测，做出社会福利判断。
A key issue in monetary policymaking is the appropriate division of labor between the profes? sional staff of the central bank and the appointed policymakers. Lars E. O. Svensson (1999) argues that the appropriate role of a policymaking group, such as the Federal Open Market Com? mittee (FOMC) in the United States, is to make judgments about social welfare, taking as given the likely outcomes of different policies as esti? mated by the staff. In this division, the staff is relied upon to assess current and prospective economic conditions and to forecast the effects of different policies. Policymakers' only role is to decide which of the various options should be chosen.