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- catalog abstract ""Congress, the President, and the Federal Reserve is a study of the politics of monetary policy-making at the Federal Reserve. The Federal Reserve is widely considered the most important and most powerful federal bureaucracy. Ostensibly, the Federal Reserve is independent of the political branches of government; however, as Congress, the President, and the Federal Reserve clearly demonstrates - from both a theoretical and empirical standpoint - the preferences of the president and members of Congress impact decision making at the Fed." "Current formal theories of the general policy-making process are utilized to construct an explanatory framework that identifies the mechanisms through which congressional and executive influence is exercised. The theoretical framework presented in the text also helps to explain the political dynamics of several of the most significant policy decisions of the Federal Reserve during the last half-century. In addition, this book provides a unique perspective on the manner in which Fed policymakers attempt to shield themselves from unwelcome political influence." "While the main focus of Congress, the President, and the Federal Reserve is monetary policymaking, it also speaks to the political nature of policy-making in a more general sense and provides a guide for the future study of the political dynamics in a wide variety of substantive policy areas."--Jacket.".
- catalog contributor b11668916.
- catalog created "c2000.".
- catalog date "2000".
- catalog date "c2000.".
- catalog dateCopyrighted "c2000.".
- catalog description ""Congress, the President, and the Federal Reserve is a study of the politics of monetary policy-making at the Federal Reserve. The Federal Reserve is widely considered the most important and most powerful federal bureaucracy. Ostensibly, the Federal Reserve is independent of the political branches of government; however, as Congress, the President, and the Federal Reserve clearly demonstrates - from both a theoretical and empirical standpoint - the preferences of the president and members of Congress impact decision making at the Fed."".
- catalog description ""Current formal theories of the general policy-making process are utilized to construct an explanatory framework that identifies the mechanisms through which congressional and executive influence is exercised. The theoretical framework presented in the text also helps to explain the political dynamics of several of the most significant policy decisions of the Federal Reserve during the last half-century. In addition, this book provides a unique perspective on the manner in which Fed policymakers attempt to shield themselves from unwelcome political influence."".
- catalog description ""While the main focus of Congress, the President, and the Federal Reserve is monetary policymaking, it also speaks to the political nature of policy-making in a more general sense and provides a guide for the future study of the political dynamics in a wide variety of substantive policy areas."--Jacket.".
- catalog description "1. Introduction -- 2. The State of the Literature: Looking Back and Looking Ahead -- 3. A Multi-Institutional Theory of Monetary Policy-Making -- 4. The Multi-Institutional Model, Part 2: Relaxing Assumptions on the Way to a General Model -- 5. The Appointment Process at the Federal Reserve: Does the President Dominate? Does It Matter? -- 6. Theory Meets Data: An Analysis of the Implications of the Multi-Institutional Theory -- 7. Is the Federal Reserve Independent? Thoughts on the Relationship between Central Bank Independence and Price Stability -- 8. Conclusion.".
- catalog description "Includes bibliographical references (p. 149-159) and index.".
- catalog extent "165 p. ;".
- catalog hasFormat "Congress, the president, and the Federal Reserve.".
- catalog identifier "0472109952 (alk. paper)".
- catalog isFormatOf "Congress, the president, and the Federal Reserve.".
- catalog issued "2000".
- catalog issued "c2000.".
- catalog language "eng".
- catalog publisher "Ann Arbor : University of Michigan Press,".
- catalog relation "Congress, the president, and the Federal Reserve.".
- catalog spatial "United States.".
- catalog subject "332.4/973 21".
- catalog subject "Board of Governors of the Federal Reserve System (U.S.)".
- catalog subject "HG540 .M67 2000".
- catalog subject "Monetary policy United States.".
- catalog tableOfContents "1. Introduction -- 2. The State of the Literature: Looking Back and Looking Ahead -- 3. A Multi-Institutional Theory of Monetary Policy-Making -- 4. The Multi-Institutional Model, Part 2: Relaxing Assumptions on the Way to a General Model -- 5. The Appointment Process at the Federal Reserve: Does the President Dominate? Does It Matter? -- 6. Theory Meets Data: An Analysis of the Implications of the Multi-Institutional Theory -- 7. Is the Federal Reserve Independent? Thoughts on the Relationship between Central Bank Independence and Price Stability -- 8. Conclusion.".
- catalog title "Congress, the president, and the Federal Reserve : the politics of American monetary policy-making / Irwin L. Morris.".
- catalog type "text".