Shadow Open Market Committee - SOMC
- Shadow Open Market Committee - SOMC
- A committee created by two university professors, from Rochester and Carnegie Mellon, in the early 1970's. The committees purpose is to evaluate the policy and actions of the FOMC.
Meeting semi-annually, the SOMC has expanded its scope to include discussions on a wider range of macroeconomic and public policies. Participants of the committee are drawn from both public and private institutions, and their opinions are reflections of only the committee itself.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Shadow Open Market Committee — The Shadow Open Market Committee (SOMC) is an independent, monetarist economic analysis committee founded in 1973 by Profs. Karl Brunner, from the University of Rochester, and Allan Meltzer, from Carnegie Mellon University, named after the… … Wikipedia
Federal Open Market Committee — The Federal Open Market Committee (FOMC), a component of the Federal Reserve System, is charged under U.S. law with overseeing open market operations in the United States, and is the principal tool of US national monetary policy. (Open market… … Wikipedia
