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Fifty years of the Shadow Open Market Committee : a retrospective on its role in monetary policy / edited by Michael D. Bordo, Jeffrey M. Lacker, Mickey D. Levy, and John B. Taylor.
- Format:
- Book
- Series:
- Hoover Institution Press publication ; 741.
- Hoover Institution Press publication ; no. 741
- Language:
- English
- Subjects (All):
- Shadow Open Market Committee (U.S.)--Congresses.
- Shadow Open Market Committee (U.S.).
- Monetary policy--United States--Congresses.
- Monetary policy.
- Physical Description:
- 1 online resource (xxxii, 584 pages) : color illustrations, color charts.
- Other Title:
- 50 years of the Shadow Open Market Committee
- Place of Publication:
- Stanford, California : Hoover Institution Press, Stanford University, [2025]
- Contents:
- Rules versus discretion over the last 50 years / John B. Taylor
- The fifty-year history of the SOMC and the evolution of monetary policy / Michael D. Bordo and Mickey D. Levy
- The genesis and performance of Swiss monetary targeting / Georg Rich
- Central Bank watch 2024/2025 : monetary policy normalization ahead / Axel A. Weber
- European experience of monetarism and the SOMC / Charles Goodhart
- Bundesbank and ECB-monetarist strategies? / Otmar Issing
- Money in the search for a nominal anchor / Peter N. Ireland
- The nominal anchor, in originali, and the Fed / Gregory D. Hess
- In search of a stable nominal anchor / Robert L. Hetzel
- Thoughts on the economy and policy rules at the Federal Open Market Committee / Christopher J. Waller
- The Federal Reserve's evolving interpretation and implementation of its mandate / Athanasios Orphanides
- Strengthening the Federal Reserve's accountability to the US Congress / Andrew T. Levin and Christina Parajon Skinner
- The evolution of postwar intellectual leadership on monetary policy / James B. Bullard
- The Fed's ample reserves monetary policy operating framework : it isn't as simple as it looks / Loretta J. Mester
- From the floor back to the corridor : why the choice of monetary policy implementation framework matters / Bill Nelson
- Rate corridors depend on dealer balance sheet capacity / Darrell Duffie
- Monetary-fiscal interactions / John H. Cochrane
- Crumbling boundaries and the risks to central bank independence / Charles I. Plosser
- When are central bank policy actions fiscal? : definitions, examples, and a call for transparency / Deborah Lucas
- Federal Reserve credit policy and the Shadow Open Market Committee / Jeffrey M. Lacker
- From the SOMC to the FOMC : how ideas filter into the Fed, with special reference to the Taylor rule / Donald Kohn
- Influences of the SOMC and others outside the Fed / Roger W. Ferguson Jr.
- The Shadow Open Market Committee and its role in monetary policy : some personal observations / Robert Heller
- Consensus and dissent : influences on monetary policy deliberations / Esther L. George.
- Notes:
- "On October 13-14, 2024, the Shadow Open Market Committee celebrated its fiftieth anniversary with a conference sponsored by the Hoover Institution at Stanford University"--Preface.
- Includes bibliographical references and index.
- Electronic reproduction. Ann Arbor, MI Available via World Wide Web.
- Description based on print version record.
- Other Format:
- Online version Fifty years of the Shadow Open Market Committee
- ISBN:
- 9780817926762 (electronic bk.)
- 0817926763 (electronic bk.)
- Publisher Number:
- 90103760046
- Access Restriction:
- Restricted for use by site license.
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