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How Monetary Policy Is Made: Lessons from Historical FOMC Discussions

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NBER2026-01-01 更新2026-01-10 收录
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We construct a new dataset of FOMC meeting transcripts from 1966 to 1990 to analyze the sources of heterogeneity in individual monetary policy preferences and study how this heterogeneity shapes policy decisions. Using these detailed discussions, we manually quantify and characterize each FOMC

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2026-01-01
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