| Bennett T. McCallum[1] | |
| School Tradition: | New classical economics |
| Birth Date: | 27 July 1935 |
| Birth Place: | Poteet, Texas |
| Death Place: | Charlottesville, Virginia |
| Nationality: | American |
| Institution: | Carnegie Mellon University University of Virginia |
| Field: | Monetary economics Econometrics |
| Alma Mater: | Rice University Harvard University |
| Influences: | John Muth Robert E. Lucas |
| Contributions: | McCallum rule |
| Repec Prefix: | e |
| Repec Id: | pmc4 |
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]
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.[6]