Lambrew is a highly competent policymaker and power player with deep experience in healthcare.
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In the extreme, the policymaker would then be helpless to distinguish between biased and unbiased advisers.
European Central Bank policymaker Yves Mersch called the bond issuance an "enormous success".
As for Lord O'Donnell, his record as head of the civil service and as a policymaker is widely respected.
In the long run, the policymaker learns about his or her adviser's type.
Mr Morris creates a model in which the adviser and policymaker interact repeatedly.
For an analyst, the path to career advancement lies through a "hot account, " which means a subject that attracts policymaker interest.
No European policymaker seems willing to countenance a serious haircut on Greek debt yet, for fear that it undermines confidence elsewhere.
And from a policymaker's point of view, it matters little what is causing the pain: the remedies are broadly the same.
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There is a whole scale of options when you are a policymaker.
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This is a vital piece of information for any policymaker or regulator.
Over time, the policymaker can begin to corroborate any suspicions of bias.
The falls came after Bank of England policymaker Martin Weale said that sterling may need to weaken further to bolster the UK economy.
So I certainly have no hopes for a policymaker, elected or appointed, to embrace my individual worldview enough to fulfill my dreams for me.
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The WSJ article did not quote any sources by name, but the tone implied that the author got his information from some Fed policymaker.
He has spent more time on financial crises, from Mexico and Thailand to Brazil and Argentina, than probably any other policymaker in office today.
While I believe the U.S. remains poised for modest growth in 2013 (assuming no policymaker-induced calamities), much of the emerging world is better positioned.
Increasingly-hawkish policymaker Andrzej Wojtyna was also quoted as saying Thursday that a single rate hike was necessary to halt the weakness of the Polish zloty.
Nothing much, except I got addicted to Jackson Hole years ago when I was eligible to attend the Jackson Hole Symposium as a Fed policymaker.
It is encouraging that nearly every southern policymaker recognises this problem.
But don't look to Federal Reserve Chairman Ben Bernanke, Treasury Chief Henry Paulson or any other policymaker to reestablish the long-cut link between the greenback and gold.
Nobel economist James Buchanan often noted that costs are subjective, something not available to an external, third-party policymaker (leaving aside that few cost calculations exist today anyway).
From both a policymaker's and a bank's point of view, says Sun-bae Kim, regional economist at Goldman Sachs in Hong Kong, going after the consumer makes sense.
When I became a policymaker in 1991, this type of information, especially from the directors of our four offices, was particularly valuable in detecting the credit crunch early.
So the more accurately a policymaker can distinguish between types of adviser, the more likely it is that he (or she) will be able to ignore biased advice.
Yet, in the view of one prominent policymaker, Charles I.
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On career appraisals, one report written for the policymaker often counted for more than months spent sifting through data and working with counterparts on the clandestine side of the house.
It is for this reason that The Signal and the Noise is essential reading in the era of Big Data that touches every business, every sports event, and every policymaker.
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For what was emphasized in Seattle, and in the materials released so far, is mostly an educator's (and student's) version of education reform, not a parent's, taxpayer's or policymaker's version.
But he might not like a further corollary: under a target-zone system, responsibility for exchange-rate management, as well as for controlling inflation, has to be given to the same policymaker.
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