Bennett McCallum

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]

Bennett T. McCallum[1]
Born(1935-07-27)July 27, 1935
Poteet, Texas
DiedDecember 28, 2022(2022-12-28) (aged 87)
Charlottesville, Virginia
NationalityAmerican
Academic career
InstitutionCarnegie Mellon University
University of Virginia
FieldMonetary economics
Econometrics
School or
tradition		New classical economics
Alma materRice University
Harvard University
InfluencesJohn Muth
Robert E. Lucas
ContributionsMcCallum rule
Information at IDEAS / RePEc

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

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


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