I've worked in several different types of organizations, and I've observed a growing tendency for managers to look for measurable metrics to assess productivity. Fortunately, I've generally been in a position where I didn't have to spend a lot of time on those reports, but others are not so fortunate. (That's not to say these management techniques are not useful or effective, I suspect at least some of them are valuable. Management is not my forte, to put it mildly.) Consider someone working on monetary policy at a research institute. What might constitute a successful performance? One could envision a set of intermediate objectives, such as publishing research on NGDP targeting, or engaging with
Scott Sumner considers the following as important: Monetary Policy
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