Senhoriagem e Inflação, por David Romer
O trecho abaixo (nota de rodapé 28, lá no cap.11) mostra algo que eu sempre digo em sala: capital humano faz a diferença no combate à inflação.
Individuals who specialize in monetary policy are likely to be more knowledgeable about its effects. They are therefore likely to have more accurate estimates of the benefits and costs of expansionary policy. If incomplete knowledge of those costs and benefits leads to inflationary bias, increasing specialists’ role in determining policy is likely to reduce that bias.
Tá lá, na página 567!