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Shadow Open Market Committee
(redirected from SOMC)

   Also found in: Acronyms, Wikipedia 0.01 sec.
Shadow Open Market Committee
An organization that meets bi-annually to evaluate and critique the policies of the Federal Reserve, as well as to discuss macroeconomics generally. The SOMC consists of various monetarist economists from academia and the private sector. It is frequently critical of the Federal Reserve, blaming it for both recessions and inflation throughout the 1970s and 1980s. It is not widely thought to have much influence on the policies the Fed actually adopts. See also: Federal Open Market Committee.


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In addition, SOMC was planning to build a new intensive care center and a full-service emergency center, making the need for immediate access to films more critical.
The SOMC is a group of monetarist economists, who link inflation with expansion in the money supply.
20) SOMC of these factors were discussed in the Report to the House of Delegates, American Bar Association, Section of Taxation, August 1993.
 
 
 
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