Deliberating American monetary policy: a textual analysis

by Schonhardt-Bailey, Cheryl

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Title Statements

Full title :Deliberating American monetary policy : a textual analysis / Cheryl Schonhardt-Bailey ; with assistance and advice from Andrew Bailey.

Summary

American 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 --

Edition Statements

Publication Date:©2013

Publication Statements

Publisher(s):The MIT Press
Place of Publication:Cambridge, Mass
Language:eng
Publication Date:©2013

The Physical Object

Description:x, 525 pages : : illustrations ; : 24 cm

Edition Identifiers

ISBN:9780262019576, 0262019574
oclc:ocn828193764
LC Classification:HG540
Dewey Decimal:339.5/30973

Subjects

Economic policy États-Unis -- Politique économique Federal Reserve System, Board of Govern… Geldpolitik History Monetary policy Monetary policy -- History. -- United S… Politique monétaire -- Histoire. -- Éta… United States United States -- Economic policy USA