[[{“value”:”A decade ago, 12 out of 17 Fed governors and presidents had economics doctorates, or ca 70 per cent. When Hammack replaces Mester in August, only 10 out of 19 will have one, or 53 per cent. There are now also four former lawyers, outnumbering the bankers (assuming we haven’t screwed up anyone’s background; if
The post The influence of economics Ph.Ds in the Fed is declining appeared first on Marginal REVOLUTION.”}]]
A decade ago, 12 out of 17 Fed governors and presidents had economics doctorates, or ca 70 per cent. When Hammack replaces Mester in August, only 10 out of 19 will have one, or 53 per cent. There are now also four former lawyers, outnumbering the bankers (assuming we haven’t screwed up anyone’s background; if so, profuse apologies).
Two decades ago the reign of econ PhDs was even more dominant, with 14 out of 19 of the top jobs held by people with dismal science doctorates — almost 74 per cent, stats fans. And several of the remainder had solid economics credentials (Olson had a BA in economics, Geithner had an MA and Sandra Pianalto had both a BA and MA and was a Fed economist lifer).
Here is more from Robin Wigglesworth at FT Alphaville.
The post The influence of economics Ph.Ds in the Fed is declining appeared first on Marginal REVOLUTION.
Uncategorized
Leave a Reply