Shadow Open Market Committee

(redirected from SOMC)
Also found in: Acronyms.

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.

References in periodicals archive ?

Inclusion criteria Exclusion criteria Trochanteric fracture or basal cervical Drug intolerance fracture Indication for osteosynthesis with a Drug or medical abuse sliding hip screw Fracture due to low energy trauma Pathological fractures Ability to walk before trauma Inflammatory arthritis SOMC (Short Orientation-Memory- Patient included in Concentration) test [greater than or the study with the equal to] 8 with a possible maximum of contralateral hip 28 points Informed consent Table 2: Patient characteristics, median (range).

Local Anesthetic Wound Infiltration after Osteosynthesis of Extracapsular Hip Fracture Does Not Reduce Pain or Opioid Requirements: A Randomized, Placebo-Controlled, Double-Blind Clinical Trial in 49 Patients

The network includes four entities of Shell in Oman -- SOMC, Shell Development Oman and Shell secondees in PDO and LNG.

Adapt, acquire and improve

Using a system from Radianse (radianse.com), SOMC, a 222-bed, acute-care hospital in Portsmouth, Ohio, deployed 363 receivers and 2,000 RFID tags in November 2007.

Hospitals play tag--RFID finds a niche in healthcare

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.

Drivers and outcomes of PACS: benefits abound for healthcare organizations that deploy digital imaging and archiving systems. Improved productivity, decreased full-time employee numbers and strong clinician adoption are just a few of the net gains. But they don't accrue without strategic planning and elbow grease

In the last decade or so, Mikhail Bakhtin's thought has been instrumental in helping us to understand the many meanings that texts can engender.(27) Bakhtin was a Russian literary critic and linguist who worked in the first half of this century, but his work is in somc ways remarkably compatible with current cultural theory.

When we think about music and politics: the case of Kevin Volans

Thus, a dollar bloc appears to exist, composed largely of countries in Latin America and the Caribbean, along with a few other countries, such as somc oil-exporting countries whose ties to the dollar are undoubtedly due to the fact that the world price of oil is quoted in dollars.

What is the meaning of imperialism?

Of course, somc infants are dying of AIDS, but many are born before their mother contracts HIV, and only about 30 percent of the children born to HIV-positive mothers actually inherit the virus.

AIDS orphans: Africa's lost generation

We will continue to demand the administration at SOMC listen to their professionals on the front lines of providing treatment and care every day at our community hospital," said HPAE President Debbie White in a statement.

Nurses at Southern Ocean Medical Center vote to stay in union

Athanasios Orphanides is Professor of the Practice of Global Economics and Management at the MIT Sloan School of Management and a member of the Shadow Open Market Committee (SOMC).

IMPROVING MONETARY POLICY BY ADOPTING A SIMPLE RULE

Initially, I worked in a small company for eight months and then moved to Shell Oman Marketing Company (SOMC)

Adapting to change

(9) The Shadow Open Market Committee (SOMC) expressed the point this way in early February 1980: