A vote for Perot was a vote for the status quo

Article Abstract:

Presidential candidate Ross H. Perot garnered votes in 1992 and 1996 which would have gone to the opposition party. The Perot voters were characterized as being more uncertain about their future personal finances and the economy in general as compared to average voters. While it may seem logical to assume that the Perot voters would have voted for a change in leadership, findings show that the opposite is true. Most of Perot voters were drawn from the opposition's voting populace. This implies that Perot voters where uncomfortable with change, and prefers to support the status quo.

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Making monetary policy

Article Abstract:

The procedures adopted by the Federal Open Market Committee (FOMC) in the formulation of monetary policy are based on the Federal Reserve's judgment rather than an analytical structure. The Federal Reserve's policies during the years 1986 to 1990 reveal that the monetary decelerations that preceded previous recessions also preceded the recession that began in 1990.

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Political guidance on monetary policy

Article Abstract:

The United States Congress has granted the Federal Reserve the authority to formulate monetary policy, but the agency needs better guidance in planning policy. A monetary rule based on total demand is preferable to a rule based on commodity price or on a monetary aggregate. Focusing the monetary base on domestic final sales would promote a stable policy.

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