a speech at the Redefining Investment Strategy Education Symposium, Dayton, Ohio, March 30, 2005

a speech at the Redefining Investment Strategy Education Symposium, Dayton, Ohio, March 30, 2005

This paper uses the transcripts from the FOMC meetings to characterize the interactions between policymakers and macro models in the formulation of U.S. monetary policy. We develop a taxonomy of these interactions and present two case studies. The first case focuses on the debate on the choice...

This paper looks at the monetary policy decisions of the U.S. Federal Reserve and asks whether those decisions have been influenced solely by national concerns, or whether regional factors have played a role. All of the Federal Reserve's policymakers have some regional identity, i.e., either...