An examination of how the policy preferences of individual members of the Federal Open Market Committee are translated into monetary policy decisions. In many c

American monetary policy is formulated by the Federal Reserve and overseen by Congress. Both policy making and oversight are deliberative processes, although th

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the internation

The paper considers the merits of rules and discretion for monetary policy when the structure of the macroeconomic model and the probability distributions of di

This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best