Book notes: Deliberating American Monetary Policy, by Cheryl Schonhardt-Bailey
This book tries to understand how monetary policy is decided in the US
Cheryl Schonhardt-Bailey, Deliberating American monetary policy: a textual analysis, MIT Press 2013, 525 pages
The title of this book reveals its main flavour. Using what has been recorded in the meetings of not only the Federal Open Market Committee (FOMC) but also of the House Financial Services Committee and the Senate Banking Committee, the book tries to understand how monetary policy is decided in the US. In particular, it attempts to determine how much participants have worked out their
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