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" Committee decisions on monetary policy : "
Henry W. Chappell, Jr., Rob Roy McGregor, Todd Vermilyea.
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BL
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| Record Number
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963784
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| Doc. No
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b718154
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| Main Entry
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Chappell, Henry W.
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| Title & Author
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Committee decisions on monetary policy : : evidence from historical records of the Federal Open Market Committee /\ Henry W. Chappell, Jr., Rob Roy McGregor, Todd Vermilyea.
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| Publication Statement
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Cambridge, Mass. :: MIT Press,, ©2005.
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| Page. NO
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xv, 313 pages :: illustrations ;; 24 cm
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| ISBN
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0262033305
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: 9780262033305
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| Bibliographies/Indexes
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Includes bibliographical references (pages 297-304) and index.
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| Contents
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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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| Abstract
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"This book examines the process by which the preferences of the FOMCs individual members are translated into collective policy choices. This focus on the aggregation of individual preferences into group decisions is unique and provides an important perspective on the evolution of monetary policy choices."--Jacket.
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| Subject
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United States.
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États-Unis.
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United States.
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USA / Board of Governors of the Federal Reserve System.
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Federal Reserve banks.
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Monetary policy-- United States.
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Banques de la Réserve fédérale.
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Politique monétaire-- États-Unis.
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Federal Reserve banks.
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Monetary policy.
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Entscheidungsverhalten.
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Offenmarktpolitik.
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Centrale banken.
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Commissies.
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Groepsbesluitvorming.
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Monetaire politiek.
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United States.
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USA.
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| Dewey Classification
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339.5/3/0973
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| LC Classification
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HG2565.C356 2005
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| NLM classification
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83.44bcl
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| Added Entry
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McGregor, Rob Roy,1961-
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Vermilyea, Todd.
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