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Deliberating American Monetary Policy
American monetary policy is formulated by the Federal Reserve and overseen by Congress. Both policy making and oversight are deliberative processes, although the effect of this deliberation has been difficult to quantify. In this book, Cheryl Schonhardt-Bailey provides a systematic examination of deliberation on monetary policy from 1976 to 2008 by the Federal Reserve's Open Market Committee (FOMC) and House and Senate banking committees. Her innovative account employs automated textual analysis software to study the verbatim transcripts of FOMC meetings and congressional hearings; these empirical data are supplemented and supported by in-depth interviews with participants in these deliberations. The automated textual analysis measures the characteristic words, phrases, and arguments of committee members; the interviews offer a way to gauge the extent to which the empirical findings accord with the participants' personal experiences --
From the Corn Laws to Free Trade
The repeal of Britain's Corn Laws in 1846, one of the most important economic policy decisions of the 19th century, has long intrigued and puzzled political scientists, historians, and economists. This book examines the interacting forces that brought about the abrupt beginning of Britain's free-trade empire.
Deliberative Accountability in Parliamentary Committees
In recent decades, we have seen an explosion in expectations for greater accountability of public policymaking. But, as accountability has increased, trust in governments and politicians has fallen. By focusing on the heart of public accountability--the reason-giving by policymakers for their policy decisions (i.e. deliberative accountability)--this work offers an empirical route for understanding why more accountability may not always deliver more public trust. The focus is on the British Parliament, where both the Treasury Select Committee and the House of Lords Economic Affairs Committee hold hearings on monetary policy, financial stability, and fiscal policy. The intent in these hearings...
Free Trade
Despite the renewed interest in the repeal of the Corn Laws (1846), the original source material surrounding the repeal legislation has remained difficult to find for researchers, especially those outside Britain. This volume offers easy access to key Parliamentary documents, pamphlets, and speeches of the Anti-Corn Law League and a number of contemporary documents on the anticipated effects of repeal by Torrens, McCulloch, Porter, Pennington, and others.
Deliberative Accountability in Parliamentary Committees
In recent decades, we have seen an explosion in expectations for greater accountability of public policymaking. But, as accountability has increased, trust in governments and politicians has fallen. By focusing on the heart of public accountability—the reason-giving by policymakers for their policy decisions (i.e. deliberative accountability)—this work offers an empirical route for understanding why more accountability may not always deliver more public trust. The focus is on the British Parliament, where both the Treasury Select Committee and the House of Lords Economic Affairs Committee hold hearings on monetary policy, financial stability, and fiscal policy. The intent in these hearin...
Politics and the People
A language of party?; 6.
Ted Grant: The Permanent Revolutionary
Ted Grant was a well-known figure in the international Marxist movement. He had a significant impact on British politics. When he died all the most important newspapers carried extensive obituaries that recognised this fact. This is a remarkable work that comprehensively covers the development of Ted's life and ideas, starting from his early family background in Johannesburg right up to his death in London in 2006 at the age of 93. From his earliest youth in South Africa Ted Grant dedicated his life to the struggle for the emancipation of the working class. Moving to Britain in 1934 to seek new horizons, within a decade he had become the leading theoretician of the Trotskyist movement. The b...
The Monetary Policy of the Federal Reserve
Details the evolution of the monetary standard from the start of the Federal Reserve through the end of the Greenspan era. The book places that evolution in the context of the intellectual and political environment of the time. By understanding the fitful process of replacing a gold standard with a paper money standard, the conduct of monetary policy becomes a series of experiments useful for understanding the fundamental issues concerning money and prices. How did the recurrent monetary instability of the 20th century relate to the economic instability and to the associated political and social turbulence? After the detour in policy represented by FOMC chairmen Arthur Burns and G. William Miller, Paul Volcker and Alan Greenspan established the monetary standard originally foreshadowed by William McChesney Martin, who became chairman in 1951. The Monetary Policy of the Federal Reserve explains in a straightforward way the emergence and nature of the modern, inflation-targeting central bank.
The Text Mining Handbook
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