How Long to Read Committee Decisions on Monetary Policy

How Long Does it Take to Read Committee Decisions on Monetary Policy?

It takes the average reader 5 hours and 40 minutes to read Committee Decisions on Monetary Policy by Henry W. Chappell, Jr.

Assuming a reading speed of 250 words per minute. Learn more

Description

An examination of how the policy preferences of individual members of the Federal Open Market Committee are translated into monetary policy decisions. In many countries, monetary policy decisions are made by committees. In the United States, these decisions are made by the Federal Reserve's Federal Open Market Committee (FOMC), which consists of the seven members of the Board of Governors and the presidents of the twelve district banks. This book examines the process by which the preferences of the FOMC's individual members are translated into collective policy choices. This focus on the aggregation of individual preferences into group decisions is unique and provides an important perspective on the evolution of monetary policy choices. To study decision making by the FOMC, the authors have used both formal voting records and detailed transcripts and summaries of deliberations contained in the committee's Memoranda of Discussion and FOMC Transcripts. The latter sources have been used to construct data sets describing individual committee members' policy preferences for the 1970-1978 and 1987-1996 periods when the FOMC was chaired by Arthur Burns and Alan Greenspan, respectively. These data are used to estimate monetary policy reaction functions for individual Committee members and to explore the role of majoritarian pressures, pressures for consensus, and the power of the chairman in collective decision making. The rich anecdotal evidence found in the Memoranda of Discussion and FOMC Transcripts inspires the narrative approach taken in two chapters, on the influence of political pressure on FOMC deliberations and on the relevance of the time inconsistency problem for the rise of inflation in the 1970s.

How long is Committee Decisions on Monetary Policy?

Committee Decisions on Monetary Policy by Henry W. Chappell, Jr. is 340 pages long, and a total of 85,000 words.

This makes it 115% the length of the average book. It also has 104% more words than the average book.

How Long Does it Take to Read Committee Decisions on Monetary Policy Aloud?

The average oral reading speed is 183 words per minute. This means it takes 7 hours and 44 minutes to read Committee Decisions on Monetary Policy aloud.

What Reading Level is Committee Decisions on Monetary Policy?

Committee Decisions on Monetary Policy is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Committee Decisions on Monetary Policy?

Committee Decisions on Monetary Policy by Henry W. Chappell, Jr. is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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