eBook - PDF
Fifty Years of the Shadow Open Market Committee
A Retrospective on Its Role in Monetary Policy
- 617 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
Fifty Years of the Shadow Open Market Committee
A Retrospective on Its Role in Monetary Policy
About this book
A deep dive into the evolution of Federal Reserve policy since the early 1970s through the lens of the Shadow Open Market Committee (SOMC), a group of private academic economists who act as the Fed's outside watchdogs, providing candid, economically grounded critiques of the Fed's conduct of policy. Contributors examine the SOMC's history, its changing role, and the challenges it faces today, focusing on the importance of transparency and rules versus discretion in the making of policy. The volume is based on a two-day symposium held at the Hoover Institution October 13–14, 2024. For those committed to understanding the most important issues facing the Fed and the contributions of the SOMC to the monetary policy debate, this volume serves as an essential resource.
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Yes, you can access Fifty Years of the Shadow Open Market Committee by Jeffrey M. Lacker,Michael D. Bordo,Mickey D. Levy,John B. Taylor in PDF and/or ePUB format, as well as other popular books in Economics & Monetary Policy. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Cover
- Half-title
- Dedication
- Title
- Copyright
- Contents
- Preface
- Welcoming Remarks
- Rules Versus Discretion over the Last Fifty Years
- The Evolution of Monetary Policy
- Monetarism in Europe and the United Kingdom
- The Search for a Nominal Anchor
- Keynote Speech: Thoughts on the Economy and Policy Rules at the Federal Open Market Committee
- The Fed’s Evolving Mandate
- The Conduct of Monetary Policy
- Monetary-Fiscal Issues
- Federal Reserve Credit Policy
- Influences of the SOMC and Others Outside the Fed
- About the Contributors
- About the Hoover Institution’s Economic Policy Working Group
- About the Shadow Open Market Committee
- Index