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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 | July 27, 1935 |
| Died | December 28, 2022 (aged 87) |
| Nationality | American |
| Academic career | |
| Field | Monetary economics Econometrics |
| Institution | Carnegie Mellon University University of Virginia |
| School or tradition | New classical economics |
| Alma mater | Rice University Harvard University |
| Influences | John Muth Robert E. Lucas |
| Contributions | McCallum 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]
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