{"id":"https://openalex.org/W3173764697","doi":"https://doi.org/10.1080/09692290.2021.1934073","title":"The Federal Reserve\u2019s move to an explicit inflation target: incremental policy shifts in techno-political institutions","display_name":"The Federal Reserve\u2019s move to an explicit inflation target: incremental policy shifts in techno-political institutions","publication_year":2021,"publication_date":"2021-06-23","ids":{"openalex":"https://openalex.org/W3173764697","doi":"https://doi.org/10.1080/09692290.2021.1934073","mag":"3173764697"},"language":"en","primary_location":{"id":"doi:10.1080/09692290.2021.1934073","doi":"https://doi.org/10.1080/09692290.2021.1934073","is_oa":false,"landing_page_url":"https://doi.org/10.1080/09692290.2021.1934073","pdf_url":null,"source":{"id":"https://openalex.org/S2875300","display_name":"Review of International Political Economy","issn_l":"0969-2290","issn":["0969-2290","1466-4526"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-3","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319847","host_organization_name":"Routledge","host_organization_lineage":["https://openalex.org/P4310319847","https://openalex.org/P4310320547"],"host_organization_lineage_names":["Routledge","Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of International Political Economy","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5027886887","display_name":"Ayse Kaya","orcid":"https://orcid.org/0000-0003-0460-4859","observed_orcids":["https://orcid.org/0000-0003-0460-4859"]},"institutions":[{"id":"https://openalex.org/I118020396","display_name":"Swarthmore College","ror":"https://ror.org/012dg8a96","country_code":"US","type":"education","lineage":["https://openalex.org/I118020396"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Ayse Kaya","raw_affiliation_strings":["Department of Political Science, Swarthmore College","Department of Political Science, Swarthmore College, Swarthmore, Pennsylvania, USA"],"raw_orcid":"https://orcid.org/0000-0003-0460-4859","affiliations":[{"raw_affiliation_string":"Department of Political Science, Swarthmore College","institution_ids":["https://openalex.org/I118020396"]},{"raw_affiliation_string":"Department of Political Science, Swarthmore College, Swarthmore, Pennsylvania, USA","institution_ids":["https://openalex.org/I118020396"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5027886887"],"corresponding_institution_ids":["https://openalex.org/I118020396"],"apc_list":null,"apc_paid":null,"fwci":1.8906,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.87872813,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":94,"max":98},"biblio":{"volume":"29","issue":"5","first_page":"1625","last_page":"1649"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.5160999894142151,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.5160999894142151,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12210","display_name":"Policy Transfer and Learning","score":0.1356000006198883,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10785","display_name":"Economic Theory and Institutions","score":0.09319999814033508,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/federal-reserve","display_name":"Federal Reserve","score":0.9480000138282776},{"id":"https://openalex.org/keywords/incremental-change","display_name":"incremental change","score":0.7670000195503235},{"id":"https://openalex.org/keywords/transformative-change","display_name":"transformative change","score":0.8529999852180481},{"id":"https://openalex.org/keywords/policy-entrepreneurs","display_name":"policy entrepreneurs","score":0.9160000085830688},{"id":"https://openalex.org/keywords/historical-institutionalism","display_name":"historical institutionalism","score":0.8240000009536743},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.7160000205039978}],"concepts":[{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.6839398145675659},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6174491047859192},{"id":"https://openalex.org/C70587473","wikidata":"https://www.wikidata.org/wiki/Q7834111","display_name":"Transformative learning","level":2,"score":0.6163800954818726},{"id":"https://openalex.org/C86060140","wikidata":"https://www.wikidata.org/wiki/Q5976203","display_name":"Historical institutionalism","level":3,"score":0.6029742360115051},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5805304050445557},{"id":"https://openalex.org/C2778847159","wikidata":"https://www.wikidata.org/wiki/Q730099","display_name":"New institutionalism","level":3,"score":0.54203200340271},{"id":"https://openalex.org/C2776503585","wikidata":"https://www.wikidata.org/wiki/Q1172301","display_name":"Institutionalism","level":3,"score":0.49547064304351807},{"id":"https://openalex.org/C2985709280","wikidata":"https://www.wikidata.org/wiki/Q730099","display_name":"Institutional change","level":2,"score":0.4634542167186737},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.4317138195037842},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.4047964811325073},{"id":"https://openalex.org/C138921699","wikidata":"https://www.wikidata.org/wiki/Q47555","display_name":"Political economy","level":1,"score":0.3788580298423767},{"id":"https://openalex.org/C118084267","wikidata":"https://www.wikidata.org/wiki/Q26110","display_name":"Positive economics","level":1,"score":0.3446543216705322},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.3003253936767578},{"id":"https://openalex.org/C3116431","wikidata":"https://www.wikidata.org/wiki/Q31728","display_name":"Public administration","level":1,"score":0.28449854254722595},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.27835410833358765},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.09122851490974426},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C19417346","wikidata":"https://www.wikidata.org/wiki/Q7922","display_name":"Pedagogy","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/09692290.2021.1934073","doi":"https://doi.org/10.1080/09692290.2021.1934073","is_oa":false,"landing_page_url":"https://doi.org/10.1080/09692290.2021.1934073","pdf_url":null,"source":{"id":"https://openalex.org/S2875300","display_name":"Review of International Political Economy","issn_l":"0969-2290","issn":["0969-2290","1466-4526"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-3","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319847","host_organization_name":"Routledge","host_organization_lineage":["https://openalex.org/P4310319847","https://openalex.org/P4310320547"],"host_organization_lineage_names":["Routledge","Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of International Political Economy","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:rripxx:v:29:y:2022:i:5:p:1625-1649","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/09692290.2021.1934073","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":82,"referenced_works":["https://openalex.org/W4371184","https://openalex.org/W1228805479","https://openalex.org/W1502798522","https://openalex.org/W1515810707","https://openalex.org/W1529223067","https://openalex.org/W1536060341","https://openalex.org/W1553180316","https://openalex.org/W1605186412","https://openalex.org/W1807633285","https://openalex.org/W1984230580","https://openalex.org/W1998341216","https://openalex.org/W2002060174","https://openalex.org/W2023153959","https://openalex.org/W2029013934","https://openalex.org/W2054629445","https://openalex.org/W2055897179","https://openalex.org/W2064156235","https://openalex.org/W2090999325","https://openalex.org/W2102196602","https://openalex.org/W2105863868","https://openalex.org/W2113197937","https://openalex.org/W2123566957","https://openalex.org/W2132393662","https://openalex.org/W2139048700","https://openalex.org/W2140898820","https://openalex.org/W2142889348","https://openalex.org/W2145046366","https://openalex.org/W2149245929","https://openalex.org/W2158239545","https://openalex.org/W2166619591","https://openalex.org/W2169417293","https://openalex.org/W2169899696","https://openalex.org/W2171637339","https://openalex.org/W2176990063","https://openalex.org/W2189139855","https://openalex.org/W2291773296","https://openalex.org/W2329147620","https://openalex.org/W2332558838","https://openalex.org/W2343332355","https://openalex.org/W2353834141","https://openalex.org/W2400964541","https://openalex.org/W2408969178","https://openalex.org/W2526232425","https://openalex.org/W2546563941","https://openalex.org/W2751492950","https://openalex.org/W2751861913","https://openalex.org/W2752099845","https://openalex.org/W2767730227","https://openalex.org/W2804332340","https://openalex.org/W2884160869","https://openalex.org/W2884577037","https://openalex.org/W2887328626","https://openalex.org/W2896337900","https://openalex.org/W2918011669","https://openalex.org/W2935738687","https://openalex.org/W2940176451","https://openalex.org/W2954652637","https://openalex.org/W2966836899","https://openalex.org/W2969772043","https://openalex.org/W3013078385","https://openalex.org/W3015406298","https://openalex.org/W3035833462","https://openalex.org/W3121930615","https://openalex.org/W3122801962","https://openalex.org/W3123676427","https://openalex.org/W3123994786","https://openalex.org/W3125175487","https://openalex.org/W3151680751","https://openalex.org/W4230574170","https://openalex.org/W4233788603","https://openalex.org/W4234298847","https://openalex.org/W4237353928","https://openalex.org/W4237676063","https://openalex.org/W4252814335","https://openalex.org/W4256095035","https://openalex.org/W4298152327","https://openalex.org/W4300841285","https://openalex.org/W4302418810","https://openalex.org/W4321271234","https://openalex.org/W4375945044","https://openalex.org/W6601657841","https://openalex.org/W7073615893"],"related_works":["https://openalex.org/W2561484824","https://openalex.org/W2101668155","https://openalex.org/W2186363293","https://openalex.org/W7099419107","https://openalex.org/W4313593852","https://openalex.org/W2962759382","https://openalex.org/W7098079025","https://openalex.org/W7095625992","https://openalex.org/W3194603848","https://openalex.org/W3121623253"],"abstract_inverted_index":{"This":[0],"paper":[1,25,62],"analyzes":[2],"the":[3,18,29,45,54,57,69,113],"US":[4],"Federal":[5],"Reserve":[6],"(Fed)\u2019s":[7],"landmark":[8],"2012":[9],"decision":[10],"to":[11,90],"adopt":[12],"an":[13],"explicit":[14],"inflation":[15],"target":[16],"for":[17,66],"first":[19],"time":[20],"in":[21],"its":[22,105],"history.":[23],"The":[24,35,94],"focuses":[26],"on":[27,112,118],"explaining":[28,67],"dynamics":[30],"of":[31,41,48,51,56,71],"this":[32,49,61,82],"policy":[33,59],"shift.":[34],"relevant":[36],"literatures":[37,110],"authoritatively":[38],"establish":[39],"types":[40],"incremental":[42],"change":[43,73],"and":[44,75,104,115],"transformative":[46],"nature":[47],"kind":[50],"change.":[52],"Using":[53],"case":[55],"Fed\u2019s":[58],"shift,":[60],"advances":[63],"a":[64],"framework":[65],"when":[68],"likelihood":[70],"such":[72],"increases,":[74],"how":[76],"\u2018policy":[77],"entrepreneurs\u2019\u2019":[78],"strategies":[79],"can":[80],"affect":[81],"likelihood.":[83],"Its":[84],"theoretical":[85],"discussions":[86,106],"are":[87],"broadly":[88],"applicable":[89],"other":[91],"techno-political":[92,124],"institutions.":[93],"paper\u2019s":[95],"evidence":[96],"comes":[97],"from":[98,108],"previously":[99],"non-public":[100],"internal":[101],"Fed":[102,114],"transcripts,":[103],"draw":[107],"diverse":[109],"\u2013":[111],"central":[116],"banks,":[117],"multilateral":[119],"economic":[120],"institutions":[121],"with":[122],"similarly":[123],"characteristics,":[125],"historical":[126],"institutionalism,":[127],"as":[128,130],"well":[129],"Macroeconomics.":[131]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":3}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2021-07-05T00:00:00"}