Book contents
- Frontmatter
- Contents
- Preface
- List of contributors
- 1 Introduction
- 2 Studying the Fed: toward a broader public-choice perspective
- 3 The Federal Reserve reaction function: a specification search
- 4 Corporate profitability as a determinant of restrictive monetary policy: estimates for the postwar United States
- 5 Federal Reserve behavior since 1980: a financial-market perspective
- 6 The Federal Reserve and its institutional environment: a review
- 7 The political economy of monetary policy
- 8 Political monetary cycles
- 9 Congress and the Fed: why the dog does not bark in the night
- 10 The Federal Reserve as a political power
- 11 Monetary policy and political economy: the Federal Reserve and the Bank of Japan
- 12 A positive analysis of the policy-making process at the Federal Reserve
- 13 A theory of FOMC dissent voting with evidence from the time series
- 14 Explaining FOMC members' votes
- 15 Fed behavior and X-efficiency theory: toward a general framework
- 16 Minimizing regret: cognitive dissonance as an explanation of FOMC behavior
- 17 The discount window
- 18 Leaning against the wind: the behavior of the money stock in recession and recovery, 1953–8
- 19 Bureaucratic self-interest as an obstacle to monetary reform
- Index
12 - A positive analysis of the policy-making process at the Federal Reserve
Published online by Cambridge University Press: 06 July 2010
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Book contents
- Frontmatter
- Contents
- Preface
- List of contributors
- 1 Introduction
- 2 Studying the Fed: toward a broader public-choice perspective
- 3 The Federal Reserve reaction function: a specification search
- 4 Corporate profitability as a determinant of restrictive monetary policy: estimates for the postwar United States
- 5 Federal Reserve behavior since 1980: a financial-market perspective
- 6 The Federal Reserve and its institutional environment: a review
- 7 The political economy of monetary policy
- 8 Political monetary cycles
- 9 Congress and the Fed: why the dog does not bark in the night
- 10 The Federal Reserve as a political power
- 11 Monetary policy and political economy: the Federal Reserve and the Bank of Japan
- 12 A positive analysis of the policy-making process at the Federal Reserve
- 13 A theory of FOMC dissent voting with evidence from the time series
- 14 Explaining FOMC members' votes
- 15 Fed behavior and X-efficiency theory: toward a general framework
- 16 Minimizing regret: cognitive dissonance as an explanation of FOMC behavior
- 17 The discount window
- 18 Leaning against the wind: the behavior of the money stock in recession and recovery, 1953–8
- 19 Bureaucratic self-interest as an obstacle to monetary reform
- Index
- Type
- Chapter
- Information
- The Political Economy of American Monetary Policy , pp. 179 - 194Publisher: Cambridge University PressPrint publication year: 1990
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- Cited by