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Working Paper

Coalitions, Power, and the FOMC

We apply a notion of power defined for coalitions derived from the Shapley value. We calculate the power of coalitions within a twelve-person committee, meant to correspond to the FOMC.

Suggested Citation

Haubrich, Joseph G., and Owen F. Humpage. 2001. “Coalitions, Power, and the FOMC.” Federal Reserve Bank of Cleveland, Working Paper No. 01-03.