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Coalitions, power, and the FOMC

Author

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  • Joseph G. Haubrich
  • Owen F. Humpage

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.

Suggested Citation

  • Joseph G. Haubrich & Owen F. Humpage, 2001. "Coalitions, power, and the FOMC," Working Papers (Old Series) 0103, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:0103
    DOI: 10.26509/frbc-wp-200103
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    References listed on IDEAS

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    1. Smith, T. V., 1951. "Power: Its Ubiquity and Legitimacy," American Political Science Review, Cambridge University Press, vol. 45(3), pages 693-702, September.
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    Cited by:

    1. Ansgar Belke & Barbara Schnurbein, 2012. "European monetary policy and the ECB rotation model," Public Choice, Springer, vol. 151(1), pages 289-323, April.

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      Federal Open Market Committee;

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