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
Died	December 28, 2022(2022-12-28) (aged 87) Charlottesville, Virginia
Nationality	American
Academic background
Alma mater	Rice University Harvard University
Influences	John Muth Robert E. Lucas
Academic work
Discipline	Monetary economics Econometrics
School or tradition	New classical economics
Institutions	Carnegie Mellon University University of Virginia
Notable ideas	McCallum rule
Website	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, who was president of the Federal Reserve Bank of Chicago from 2007 to 2023.^[6]

See also

• McCallum rule