Committee decisions on monetary policy : evidence from historical records of the Federal Open Market Committee /

An examination of how the policy preferences of individual members of the Federal Open Market Committee are translated into monetary policy decisions. In many countries, monetary policy decisions are made by committees. In the United States, these decisions are made by the Federal Reserve's Fed...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Chappell, Henry W.
Otros Autores: McGregor, Rob Roy, 1961-, Vermilyea, Todd
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge, Mass. : MIT Press, ©2005.
Temas:
United States. > Federal Open Market Committee.
Monetary policy > United States.
Federal Reserve banks.
Politique monétaire > États-Unis.
Banques de la Réserve fédérale.
POLITICAL SCIENCE > Economic Conditions.
BUSINESS & ECONOMICS > Economics > Macroeconomics.
Monetary policy.
United States.
ECONOMICS/Finance
ECONOMICS/Macroeconomics
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Introduction
  • Institutional background
  • Analytical background
  • A long history of FOMC voting behavior : individual reaction functions and political influence on the monetary policy decision process
  • Data from the Memoranda of Discussion and FOMC Transcripts
  • Estimating reaction functions for individual FOMC members
  • Majority rule, consensus building, and the power of the chairman : Arthur Burns and the FOMC
  • FOMC decisions during the Greenspan years
  • Political influences on monetary policy decision making : evidence from the Memoranda and the Transcripts
  • Time inconsistency and the great inflation : evidence from the Memoranda and the Transcripts
  • Conclusions.

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