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Time for a comeback to the SOMC – but it should be a monetarist SOMC and not...
I have always been a huge fan of the Shadow Open Market Committee (SOMC). However, it is having a much less prominent role in US monetary policy debate today than used to be the case in the good old...
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Orphanides also wonders what happened to the ECB’s monetary pillar
Yesterday the Shadow Open Market Committee (SOMC) held its regular semi-annual meeting in New York. It is no secret that many of the members of the SOMC have had a large influence on my monetary...
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