Rules vs. Discretion: Decoding FOMC Policy Deliberations
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This study provides evidence on the usage and preferences of Federal Reserves Federal Open Market Committee (FOMC) regarding the balance between rules and discretion in policy decisions. Analyzing FOMC transcripts over 40 years, we find that while Discretion has been a consistent feature in the
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美国国家经济研究局创建时间：
2024-12-01
