Committee decisions on monetary policy: evidence from historical records of the federal open market committee Chappell,Henry W.

By:

Chappell,Henry W

Contributor(s):

Material type: Text

TextPublication details: Cambridge MIT Press 2005 Description: xv, 313 pISBN:

9780262033305

Subject(s):

DDC classification:

339.530973

Summary: In many countries, monetary policy decisions are made by committees. In the United States, these decisions are made by the Federal Reserve's Federal Open Market Committee (FOMC), which consists of the seven members of the Board of Governors and the presidents of the twelve district banks. This book examines the process by which the preferences of the FOMC's 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.

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Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Ahmedabad	339.530973 C4C6 (Browse shelf(Opens below))	Available		163474

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In many countries, monetary policy decisions are made by committees. In the United States, these decisions are made by the Federal Reserve's Federal Open Market Committee (FOMC), which consists of the seven members of the Board of Governors and the presidents of the twelve district banks. This book examines the process by which the preferences of the FOMC's 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.

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