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Coalitions, power, and the FOMC

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Author Info
Joseph G. Haubrich
Owen Humpage

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Abstract

The authors apply a notion of power, defined for coalitions, which is derived from the Shapley value. They calculate the power of coalitions within a 12-person committee meant to correspond to the FOMC.

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File URL: http://www.clevelandfed.org/research/Workpaper/2001/wp0103.pdf
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Publisher Info
Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 0103.

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Length: 1-16
Date of creation: 2001
Date of revision:
Handle: RePEc:fip:fedcwp:0103

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Related research
Keywords: Federal Open Market Committee;

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This page was last updated on 2009-12-8.

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