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Committee Decisions on Monetary Policy: Evidence From Historical Records of the Federal Open Market Committee (ICPSR 23860)
Principal Investigator(s): Chappell, Henry, University of South Carolina; McGregor, Rob Roy, University of North Carolina-Charlotte; Vermilyea, Todd A., Federal Reserve Bank of Philadelphia
This data collection was used in the book, "Committee Decisions on Monetary Policy: Evidence from Historical Records of the Federal Open Market Committee," by Henry Chappell, Rob Roy McGregor, and Todd Vermilyea, which examined the monetary policy preferences of members of the Federal Reserve's Federal Open Market Committee (FOMC) and the process by which its members' preferences were translated into policy decisions.
Data files related to Chapter 4 of the book are contained in: Ch04WebFiles.zip. See the readme file contained within that zip file for documentation.
All data described in Chapter 5 is subsequently employed in Chapters 6-8. Descriptions are provided below in the sections for those chapters.
Data files related to Chapter 6 are contained in Chapter06_Data_for_Web.zip. See the readme file contained within that zip file for documentation. Many data files for Chapter 6 are the same as those used in Chapter 7. More details are provided below for Chapter 7.
Data and programs for this chapter come from the JMCB article from which the chapter is drawn. Data files related to the JMCB article are contained in: ChappellMcGregorVermilyea_Data_011503.zip. See the JMCB.pdf file contained within that zip file for documentation.
Section 7.5.2 of this chapter also uses data describing the order of speaking within meetings. We have used this data more extensively in our working paper, "The Persuasive Power of the Chairman: Arthur Burns and the FOMC." Data for that paper is provided in the: WEA_BeforeAfter_Data_Archive.zip.
Much of the data (and methods) used in Chapter 6 are used again in Chapter 8. Relevant data and program files and documentation are provided in: Chapter08_Data_for Web.zip.
These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
These data are freely available.
Chappell, Henry, Rob Roy McGregor, and Todd A. Vermilyea. Committee Decisions on Monetary Policy: Evidence From Historical Records of the Federal Open Market Committee. ICPSR23860-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2010-05-06. http://doi.org/10.3886/ICPSR23860.v1
Persistent URL: http://doi.org/10.3886/ICPSR23860.v1
This study was funded by:
- National Science Foundation (SBR-9423095, 9422850, 9121941)
Scope of Study
Subject Terms: Federal Open Market Committee, monetary policy
Geographic Coverage: United States
Data Collection Notes:
These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
Original ICPSR Release: 2010-05-06
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