"Deliberating American Monetary Policy: A Textual Analysis." Cheryl Schonhardt-Bailey. MIT Press. November 2013. --- The U.S. Federal Reserve is one of the most powerful institutions in America, with influence over monetary policy both at home and, indirectly, abroad. In Deliberating American Monetary Policy, Cheryl Schonhardt-Bailey uses textual analysis to make an in-depth examination of how monetary policy is determined at the policy meetings of the Federal Open Market Committee and Congress’ oversight of these policies. Peter Howells praises the book for its interesting conclusions about the role of the Fed in policy-making, and recommends it as a fascinating read for both students of committee decision-making and for economists.
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