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000811146 020__ $$a9780262314725$$q(electronic bk.)
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000811146 035__ $$a(OCoLC)864822097$$z(OCoLC)862371280
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000811146 072_7 $$aBUS021000$$2bisacsh
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000811146 08204 $$a339.5/30973$$223
000811146 1001_ $$aSchonhardt-Bailey, Cheryl,$$d1961-$$eauthor.
000811146 24510 $$aDeliberating American monetary policy :$$ba textual analysis /$$cCheryl Schonhardt-Bailey ; with assistance and advice from Andrew Bailey.
000811146 264_1 $$aCambridge, Massachusetts :$$bThe MIT Press,$$c[2013]
000811146 264_4 $$c2013
000811146 300__ $$a1 online resource
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000811146 506__ $$aAccess limited to authorized users.
000811146 5208_ $$aAmerican monetary policy is formulated by the Federal Reserve and overseen by Congress. Both policy making and oversight are deliberative processes, although the effect of this deliberation has been difficult to quantify. In this book, Cheryl Schonhardt-Bailey provides a systematic examination of deliberation on monetary policy from 1976 to 2008 by the Federal Reserve's Open Market Committee (FOMC) and House and Senate banking committees. Her innovative account employs automated textual analysis software to study the verbatim transcripts of FOMC meetings and congressional hearings; these empirical data are supplemented and supported by in-depth interviews with participants in these deliberations. The automated textual analysis measures the characteristic words, phrases, and arguments of committee members; the interviews offer a way to gauge the extent to which the empirical findings accord with the participants' personal experiences. Analyzing why and under what conditions deliberation matters for monetary policy, the author identifies several strategies of persuasion used by FOMC members, including Paul Volcker's emphasis on policy credibility and efforts to influence economic expectations. Members of Congress, however, constrained by political considerations, show a relative passivity on the details of monetary policy.
000811146 588__ $$aOCLC-licensed vendor bibliographic record.
000811146 650_0 $$aMonetary policy$$zUnited States$$xHistory.
000811146 651_0 $$aUnited States$$xEconomic policy.
000811146 653__ $$aECONOMICS/Macroeconomics
000811146 653__ $$aECONOMICS/Political Economy
000811146 655_0 $$aElectronic books
000811146 852__ $$bebk$$hMIT Press
000811146 85640 $$3MIT Press$$uhttps://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/9780262019576.001.0001$$zOnline Access through The MIT Press Direct
000811146 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
000811146 909CO $$ooai:library.usi.edu:811146$$pGLOBAL_SET
000811146 980__ $$aBIB
000811146 980__ $$aEBOOK
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000811146 983__ $$aOnline