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001404441 020__ $$a9780262314725$$q(electronic bk.)
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001404441 020__ $$a1306091144$$q(electronic bk.)
001404441 020__ $$a9781306091145$$q(electronic bk.)
001404441 035__ $$a(OCoLC)864822097$$z(OCoLC)862371280
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001404441 050_4 $$aHG540$$b.S36 2013
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001404441 08204 $$a339.5/30973$$223
001404441 1001_ $$aSchonhardt-Bailey, Cheryl,$$d1961-$$eauthor.
001404441 24510 $$aDeliberating American monetary policy :$$ba textual analysis /$$cCheryl Schonhardt-Bailey ; with assistance and advice from Andrew Bailey.
001404441 264_1 $$aCambridge, Massachusetts :$$bThe MIT Press,$$c[2013]
001404441 264_4 $$c2013
001404441 300__ $$a1 online resource
001404441 336__ $$atext$$btxt$$2rdacontent
001404441 337__ $$acomputer$$bc$$2rdamedia
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001404441 506__ $$aAccess limited to authorized users.
001404441 5208_ $$aAmerican monetary policy is formulated by the Federal Reserve and overseen by Congress. Both policy making and oversight are deliberative processes, although the effect of this deliberation has been difficult to quantify. In this book, Cheryl Schonhardt-Bailey provides a systematic examination of deliberation on monetary policy from 1976 to 2008 by the Federal Reserve's Open Market Committee (FOMC) and House and Senate banking committees. Her innovative account employs automated textual analysis software to study the verbatim transcripts of FOMC meetings and congressional hearings; these empirical data are supplemented and supported by in-depth interviews with participants in these deliberations. The automated textual analysis measures the characteristic words, phrases, and arguments of committee members; the interviews offer a way to gauge the extent to which the empirical findings accord with the participants' personal experiences. Analyzing why and under what conditions deliberation matters for monetary policy, the author identifies several strategies of persuasion used by FOMC members, including Paul Volcker's emphasis on policy credibility and efforts to influence economic expectations. Members of Congress, however, constrained by political considerations, show a relative passivity on the details of monetary policy.
001404441 588__ $$aOCLC-licensed vendor bibliographic record.
001404441 650_0 $$aMonetary policy$$zUnited States$$xHistory.
001404441 651_0 $$aUnited States$$xEconomic policy.
001404441 653__ $$aECONOMICS/Macroeconomics
001404441 653__ $$aECONOMICS/Political Economy
001404441 655_0 $$aElectronic books
001404441 852__ $$bebk$$hProQuest Ebook Central Academic Complete
001404441 85640 $$3ProQuest Ebook Central Academic Complete$$uhttps://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=3339701$$zOnline Access
001404441 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
001404441 909CO $$ooai:library.usi.edu:811146$$pGLOBAL_SET
001404441 980__ $$aBIB
001404441 980__ $$aEBOOK
001404441 982__ $$aEbook
001404441 983__ $$aOnline