IDEAS home Printed from https://ideas.repec.org/a/eee/moneco/v38y1996i3p561-570.html
   My bibliography  Save this article

Congressional influence on U.S. monetary policy: A reconsideration of the evidence

Author

Listed:
  • Chopin, Marc C.
  • Cole, C. Steven
  • Ellis, Michael A.

Abstract

No abstract is available for this item.

Suggested Citation

  • Chopin, Marc C. & Cole, C. Steven & Ellis, Michael A., 1996. "Congressional influence on U.S. monetary policy: A reconsideration of the evidence," Journal of Monetary Economics, Elsevier, vol. 38(3), pages 561-570, December.
    • Handle: RePEc:eee:moneco:v:38:y:1996:i:3:p:561-570
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0304-3932(96)01295-0
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Pierce, James L., 1978. "The myth of congressional supervision of monetary policy," Journal of Monetary Economics, Elsevier, vol. 4(2), pages 363-370, April.
    2. Toma, Mark, 1991. "The demise of the public-interest model of the Federal Reserve System : A review essay," Journal of Monetary Economics, Elsevier, vol. 27(1), pages 157-163, February.
    3. Richard E. Wagner, 1986. "Central Banking and the Fed: A Public Choice Perspective," Cato Journal, Cato Journal, Cato Institute, vol. 6(2), pages 519-543, Fall.
    4. Grier, Kevin B., 1991. "Congressional influence on U.S. monetary policy : An empirical test," Journal of Monetary Economics, Elsevier, vol. 28(2), pages 201-220, October.
    5. Havrilesky, Thomas, 1988. "Monetary Policy Signaling from the Administration to the Federal Reserve," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(1), pages 83-101, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Niklas Potrafke, 2018. "Government ideology and economic policy-making in the United States—a survey," Public Choice, Springer, vol. 174(1), pages 145-207, January.
    2. Michael Ellis & D. Eric Schansberg, 2000. "The determinants of tenure on the Federal Reserve Board of Governors: should I stay or should I go?," Applied Economics, Taylor & Francis Journals, vol. 32(2), pages 231-237.
    3. Dodge Cahan & Luisa Doerr & Niklas Potrafke, 2019. "Government ideology and monetary policy in OECD countries," Public Choice, Springer, vol. 181(3), pages 215-238, December.
    4. Katrin Wölfel & Christoph S. Weber, 2017. "Searching for the Fed’s reaction function," Empirical Economics, Springer, vol. 52(1), pages 191-227, February.
    5. Gregory D. Hess & Cameron A. Shelton, 2016. "Congress and the Federal Reserve," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(4), pages 603-633, June.
    6. Grier, Kevin B., 1996. "Congressional oversight committee influence on U.S. monetary policy revisited," Journal of Monetary Economics, Elsevier, vol. 38(3), pages 571-579, December.
    7. Niklas Potrafke, 2017. "Government Ideology and Economic Policy-Making in the United States," CESifo Working Paper Series 6444, CESifo.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Salter, Alexander W. & Smith, Daniel J., 2019. "Political economists or political economists? The role of political environments in the formation of fed policy under burns, Greenspan, and Bernanke," The Quarterly Review of Economics and Finance, Elsevier, vol. 71(C), pages 1-13.
    2. Caporale, Tony & Grier, Kevin B, 1998. "A Political Model of Monetary Policy with Application to the Real Fed Funds Rate," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 409-428, October.
    3. James Forder, 2005. "The limits of `independence' and the policy of the ECB^," Public Choice, Springer, vol. 125(3), pages 431-444, December.
    4. Niklas Potrafke, 2018. "Government ideology and economic policy-making in the United States—a survey," Public Choice, Springer, vol. 174(1), pages 145-207, January.
    5. Dodge Cahan & Luisa Doerr & Niklas Potrafke, 2019. "Government ideology and monetary policy in OECD countries," Public Choice, Springer, vol. 181(3), pages 215-238, December.
    6. Belke, Ansgar & Potrafke, Niklas, 2012. "Does government ideology matter in monetary policy? A panel data analysis for OECD countries," Journal of International Money and Finance, Elsevier, vol. 31(5), pages 1126-1139.
    7. Jim Granato & William West, 1994. "Words And Deeds: Symbolic Politics And Decision Making At The Federal Reserve," Economics and Politics, Wiley Blackwell, vol. 6(3), pages 233-255, November.
    8. Fraccaroli, Nicolò & Giovannini, Alessandro & Jamet, Jean-Francois & Persson, Eric, 2022. "Ideology and monetary policy: the role of political parties’ stances in the ECB’s parliamentary hearings," Working Paper Series 2655, European Central Bank.
    9. Louis Rouanet & Peter Hazlett, 2023. "The redistributive politics of monetary policy," Public Choice, Springer, vol. 194(1), pages 1-26, January.
    10. Gregory D. Hess & Cameron A. Shelton, 2016. "Congress and the Federal Reserve," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(4), pages 603-633, June.
    11. Fraccaroli, Nicolò & Giovannini, Alessandro & Jamet, Jean-François & Persson, Eric, 2022. "Ideology and monetary policy. The role of political parties’ stances in the European Central Bank’s parliamentary hearings," European Journal of Political Economy, Elsevier, vol. 74(C).
    12. Boyes, William J. & Mounts, WM. Jr. & Sowell, Clifford & Payne, James E., 1996. "All politics is local: The effect of fiscal and monetary constitutions on economic policy," Journal of Macroeconomics, Elsevier, vol. 18(4), pages 657-678.
    13. Goodhart, Charles, 1989. "The Conduct of Monetary Policy," Economic Journal, Royal Economic Society, vol. 99(396), pages 293-346, June.
    14. Jakob De Haan & Jan Egbert Sturm, 1992. "The Case for Central Bank Independence," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 45(182), pages 305-327.
    15. Daniel J. Richards, 1992. "Do Canadians Want Zero Inflation? Some Evidence from a Model with 'Sophisticated' Voters," Canadian Public Policy, University of Toronto Press, vol. 18(4), pages 413-424, December.
    16. Alexander W. Salter & William J. Luther, 2019. "Adaptation and central banking," Public Choice, Springer, vol. 180(3), pages 243-256, September.
    17. Carola Conces Binder, 2021. "Political Pressure on Central Banks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(4), pages 715-744, June.
    18. Michael Ehrmann & Marcel Fratzscher, 2011. "Politics and Monetary Policy," The Review of Economics and Statistics, MIT Press, vol. 93(3), pages 941-960, August.
    19. Katrin Wölfel & Christoph S. Weber, 2017. "Searching for the Fed’s reaction function," Empirical Economics, Springer, vol. 52(1), pages 191-227, February.
    20. Thomas Havrilesky, 1990. "Distributive Conflict And Monetary Policy," Contemporary Economic Policy, Western Economic Association International, vol. 8(2), pages 50-61, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:moneco:v:38:y:1996:i:3:p:561-570. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505566 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.