The Center for Financial Stability (CFS) and the Shadow Open Market Committee (SOMC) announce a new strategic partnership in pursuit of shared goals.
Both organizations strongly believe that sound monetary policy is a necessity for financial stability, and well-functioning financial markets are critical to monetary stability.
The SOMC is an independent group of some of the world’s leading economists to provide external perspectives on policy choices by the Federal Reserve and other leading central banks. The Committee addresses a wide range of macroeconomic issues, including monetary policy, banking and financial regulations, and fiscal policy matters that bear on monetary policy decisions. The SOMC was founded in 1973 by Professor Karl Brunner of the University of Rochester, Professor Allan Meltzer of Carnegie Mellon University, and Anna Schwartz of the National Bureau of Economic Research.
The CFS is an independent, nonpartisan, and nonprofit educational institution focused on financial markets for the benefit of investors, officials, academics, and the public. CFS is keenly focused on the future. Areas of emphasis include financial crisis detection and prevention, provision of unique data and analytics to improve the study of financial markets and institutions, as well as leading working groups with high level participants representing a wide range of interests. CFS accomplishes its objectives through the work of highly accomplished experts and input from its distinguished Advisory Board. CFS has global reach in 188 countries.
CFS is the SOMC’s new home.
For more information on the SOMC:
https://centerforfinancialstability.org/SOMC.php
For more information on the CFS:
https://centerforfinancialstability.org/
Best regards,
Mickey Levy and Lawrence Goodman