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HAVE PRESIDENTS INFLUENCED MONETARY POLICY NEW EVIDENCE FROM AN ARTIFICIAL NEUTRAL NETWORK

HAVE PRESIDENTS INFLUENCED MONETARY POLICY NEW EVIDENCE FROM AN ARTIFICIAL NEUTRAL NETWORK This paper combines an experimental design and an artifical neural network to investigate the behavior of the Federal Reserve Board of Governors. The evidence suggests that FOMC decision making has been influenced by the presidential administration, with particularly strong evidence that influence from the KennedyJohnson administrations led to easier policy. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Studies in Economics and Finance Emerald Publishing

HAVE PRESIDENTS INFLUENCED MONETARY POLICY NEW EVIDENCE FROM AN ARTIFICIAL NEUTRAL NETWORK

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1086-7376
DOI
10.1108/eb028716
Publisher site
See Article on Publisher Site

Abstract

This paper combines an experimental design and an artifical neural network to investigate the behavior of the Federal Reserve Board of Governors. The evidence suggests that FOMC decision making has been influenced by the presidential administration, with particularly strong evidence that influence from the KennedyJohnson administrations led to easier policy.

Journal

Studies in Economics and FinanceEmerald Publishing

Published: Jan 1, 1995

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