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Coalitions, power, and the FOMC

Joseph Haubrich () and Owen Humpage

No 103, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

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.

Keywords: Federal; Open; Market; Committee (search for similar items in EconPapers)
Date: 2001, Revised 2001
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Handle: RePEc:fip:fedcwp:0103