More than two decades ago the Brookings Institution first published a book with the title of this lecture. The idea behind the book was straightforward—rather than being led by events, or falling into the trap of incremental budgeting, budgetary pla...

www.aeaweb.org/articles?id=10.1257/jep.6.2.3

Distinguished Lecture on Economics in Government: Strengthening the Economy by Rethinking the Role of Federal and State Governments

By Alice M. Rivlin

Journal of Economic Perspectives, Spring 1991

This lecture brings together two subjects that are not often discussed together: national economic policy and the structure of American federalism. My thesis is that the policies needed to improve the health of the U.S. economy over the next decade or two...

www.aeaweb.org/articles?id=10.1257/jep.5.2.3

Distinguished Lecture on Economics in Government: Data Quality and Public Policy

By Janet L. Norwood

Journal of Economic Perspectives, Spring 1990

The goal of a government statistical agency must be to produce data that are objective, relevant, accurate, and timely. But none of these criteria is absolute, and sometimes tradeoffs must be made among them. Timeliness and accuracy compete when we decide...

www.aeaweb.org/articles?id=10.1257/jep.4.2.3

Distinguished Lecture on Economics in Government: Central Banking and Systemic Risks in Capital Markets

By Andrew F. Brimmer

Journal of Economic Perspectives, Spring 1989

Bagehot's conception of the last resort lending function of the central bank is shared by most economists today. On several occasions, the Federal Reserve has digressed from its overall strategy of monetary control to also undertake a tactical rescue of ...

www.aeaweb.org/articles?id=10.1257/jep.3.2.3

Distinguished Lecture on Economics in Government: Thinking about International Economic Coordination

By Martin S. Feldstein

Journal of Economic Perspectives, Spring 1988

I am not opposed to international cooperation in all economic matters, but in this lecture, I stress the counterproductive consequences of the international coordination of macroeconomic policy. I believe that many of the claimed advantages of cooperation...

www.aeaweb.org/articles?id=10.1257/jep.2.2.3

Bounded Rationality in Choice Theory: A Survey

By Geoffroy de Clippel and Kareen Rozen

Journal of Economic Literature

A vibrant literature incorporates elements of bounded rationality into choice theory. We survey this work, discussing five central ways in which the literature has modeled departures from the rational choice procedure. We discuss the variety of purposes a...

www.aeaweb.org/articles?id=10.1257/jel.20231592