Department of Economics
University of Houston
204 McElhinney Hall
Houston, TX 77204-5019
Phone: (713) 743-3800
Fax: (713) 743-3798
UH economist questions Bernanke at economics association meeting
January 3, 2010
David Papell — Joel W. Sailors Endowed Professor of Economics and the UH Economics Department Chairman — asks Federal Reserve Chairman Ben Bernanke about the Taylor Rule.
Papell's Ph.D. advisor at Columbia was John Taylor, who created the Taylor Rule. Bernanke discussed the Taylor Rule and its implication for monetary policy during his speech at the 2010 American Economic Association meeting. Afterward, Papell questioned the inflation variable Bernanke used in the Taylor Rule. During the Q&A, Papell asks Bernanke about the inflation calculation.
See Papell's contribution to the EconBrowser blog about Bernanke's response.