{"id":6958,"date":"2012-11-27T09:00:53","date_gmt":"2012-11-27T14:00:53","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=6958"},"modified":"2012-12-29T01:28:39","modified_gmt":"2012-12-29T06:28:39","slug":"how-much-is-a-good-central-banker-worth","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2012\/how-much-is-a-good-central-banker-worth\/","title":{"rendered":"How Much Is A Good Central Banker Worth?"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/11\/112712_0412_HowMuchIsAG1.jpg\" width=\"639\" height=\"787\" \/><\/p>\n<p>The United Kingdom has made the <a href=\"http:\/\/www.bbc.co.uk\/news\/business-20501990\">unconventional decision<\/a> to hire a foreigner to lead the Bank of England \u2013 the central bank of the country. How much should he be paid? Matthew O&#8217;Brien reflected on the question and suggested that London was making an incredibly smart move:<\/p>\n<ul>\n<li>The great crisis has cost the United States a trillion dollars in lost output every year. This means that if there existed a central banker who could more quickly fix America&#8217;s economy then they would be worth trillions of dollars.<\/li>\n<li>In contrast Ben Bernanke, the chair of the central bank of the United States, has an annual salary of $199,700.<\/li>\n<li>But you can&#8217;t just pay somebody (in this case entirely unrealistic) monetary amounts and hope that they will do a good job. They must have proven themselves. Preferably in a smaller, less important economy. They can then be poached away to the big leagues.<\/li>\n<li>But if you truly want a successful economy, you&#8217;ll want a team of the best\u2026a &#8216;fantasy team&#8217; of central bankers. You&#8217;d simply pay to hire the best central bankers from smaller economies across the world.<\/li>\n<\/ul>\n<p>Read more about why Obama should consider hiring Sweden&#8217;s central banker, where Bernanke would fit into this all-star list, and why most economists would be okay with a $199,700 salary for the position of America&#8217;s chief-central banker, over <a href=\"http:\/\/www.theatlantic.com\/business\/archive\/2012\/04\/how-much-is-a-good-central-banker-worth\/256089\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.theatlantic.com\/business\/archive\/2012\/04\/how-much-is-a-good-central-banker-worth\/256089\/\">The Atlantic<\/a><\/p>\n<p>Via: <a href=\"http:\/\/www.economist.com\/blogs\/freeexchange\/2012\/11\/central-banking\">The Economist<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United Kingdom has made the unconventional decision to hire a foreigner to lead the Bank of England \u2013 the central bank of the country. How much should he be paid? Matthew O&#8217;Brien reflected on the question and suggested that London was making an incredibly smart move: The great crisis has cost the United States [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,41],"tags":[],"class_list":["post-6958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin","category-signature"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/11\/112712_0412_HowMuchIsAG1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/6958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=6958"}],"version-history":[{"count":5,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/6958\/revisions"}],"predecessor-version":[{"id":6971,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/6958\/revisions\/6971"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/6957"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=6958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=6958"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=6958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}