A long history of FOMC voting behavior

Authors
Chappell, HW McGregor, RR
Citation
Hw. Chappell et Rr. Mcgregor, A long history of FOMC voting behavior, S ECON J, 66(4), 2000, pp. 906-922
Citations number
24
Categorie Soggetti
Economics
Journal title
SOUTHERN ECONOMIC JOURNAL
ISSN journal
00384038 → ACNP
Volume
66
Issue
4
Year of publication
2000
Pages
906 - 922
Database
ISI
SICI code
0038-4038(200004)66:4<906:ALHOFV>2.0.ZU;2-F
Abstract
We devise and apply a method for estimating monetary policy reaction functi ons for individual members of the Federal Open Market Committee (FOMC) of t he Federal Reserve. Our method uses members' votes on the monetary policy d irective in FOMC meetings as the key source of data on individual preferenc es. The analysis provides a ranking by preference for ease for 84 FOMC memb ers who served during the 1966-1996 period.