The Shadow Open Market Committee: Origins and Operations

A large part of my enduring relationship with Anna Schwartz has been our cooperative efforts on the Shadow Open Market Committee. Aside from a short statement that Anna wrote about ten years ago, very little of the history of that institution is written. This seems an appropriate occasion to do so, since Anna was there at the start and is, now, the only other member who has remained through more than 50 semi-annual meetings.