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Bennett Tarlton McCallum (July 27, 1935 - December 28, 2022) was an American monetary economist. He was H. J. Heinz Professor of Economics at Carnegie Mellon University's Tepper School of Business. He is known for the McCallum Rule, a monetary policy proposal advocating targeting the growth rate of the monetary base.

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.

See also

• McCallum rule

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

External links

• Website at Carnegie Mellon Archived 2022-12-15 at the Wayback Machine
• https://www.nber.org/people/bennett_mccallum
• https://www.c-span.org/person/?bennettmccallum
• McCallum, Bennett T. (2008). "Monetarism". In David R. Henderson (ed.). Concise Encyclopedia of Economics (2nd ed.). Indianapolis: Library of Economics and Liberty. ISBN 978-0865976658. OCLC 237794267.

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