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Shadow Open Market Committee Policy Statement and Position Papers
The Shadow Open Market Committee (SOMC), an independent organization with members from academic institutions and private organizations, was founded by Professors Karl Brunner of the University of Rochester and Allan Meltzer of Carnegie-Mellon. Its first semi-annual meeting was held on September 14, 1973. The original objective was to evaluate the policy choices and actions of the Federal Reserve's Open Market Committee (FOMC). Since 1973, the SOMC has met semi-annually to discuss economic policy.
The reports of the committee from 1998-2006 are available on the Shadow Open Market Committee website hosted by Claremont McKenna College.
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| Author(s): | Shadow Open Market Committee |
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