1992
DOI: 10.2307/1992737
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The Regional Representation of Federal Reserve Bank Presidents

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Cited by 51 publications
(42 citation statements)
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“…The Committee meets in order to decide whether interest rates should be changed (decision 'In reality unanimous voting by a subset of the committee is rather common in monetary policy decision-making, sec Gildea (1992 1. The states of the world are not necessary equally likely.…”
Section: The Voting Gamementioning
confidence: 99%
“…The Committee meets in order to decide whether interest rates should be changed (decision 'In reality unanimous voting by a subset of the committee is rather common in monetary policy decision-making, sec Gildea (1992 1. The states of the world are not necessary equally likely.…”
Section: The Voting Gamementioning
confidence: 99%
“…This theory generally assumes that political factors are important determinants of behaviour; more specifically, Democrats and Republicans occupy different points on the trade-off between unemployment and inflation, with Democrats presumed to be less attentive to inflation and more attentive to unemployme nt than Republicans. Numerous prior studies of Federal Reserve voting -including articles by Belden (1989), Havrilesky and Schweitzer (1990), Havrilesky and Gildea (1991, 1992, 1995, and Gildea (1990Gildea ( , 1992 -have examined monetary policy votes cast by U.S. central bankers at the institutional hub, at the spokes, or both.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Two studies, Gildea (1992) and Tootell (1991a), have asked whether votes cast by policymakers from the Fed's spokes have been influenced by regional information. While…”
mentioning
confidence: 99%
“…Meade and Sheets (2005) and Chappell et al (2008) show that Bank presidents are in uenced by economic conditions in their regions. Other work on dissent patterns at the FOMC includes Havrilesky and Schweitzer (1990), Gildea (1992), and Chappell et al (1995). 7 Since this result may be partly due to the fact that keeping the status quo is the most common policy decision in all three committees, we also computed the average number of dissents for each type of policy decision.…”
Section: Voting Recordsmentioning
confidence: 99%
“…See Riboni and Ruge-Murcia (2010, p. 410), where we argue that removing this assumption does not alter the main thrust of our results. [14] in K, meaning that the more consensual the voting rules, the less willing is member n to dissent. Throughout, we assume that f (K) 0 for all positive integers K: In what follows, we use the functional form…”
Section: Decision Protocolmentioning
confidence: 99%