Committee decisions on monetary policy: evidence from historical records of the federal open market committee
Chappell,Henry W.
- Cambridge MIT Press 2005
- xv, 313 p.
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.
9780262033305
Monetary policy - United States Federal Reserve Banks United States. Federal Open Market Committee