INFLUENCE, INTERACTIONS AND HETEROGENEITY: TAKING PERSONALITIES OUT OF MONETARY POLICY DECISION-MAKING

被引：5
|
作者：
Bhattacharjee, Arnab [1 ]
Holly, Sean [2 ]
机构：
[1] Heriot Watt Univ, Edinburgh EH14 4AS, Midlothian, Scotland
[2] Univ Cambridge, Cambridge CB2 1TN, England
来源：
MANCHESTER SCHOOL | 2015年 / 83卷 / 02期
关键词：
US;
D O I：
10.1111/manc.12051
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
It is widely believed that setting monetary policy through a majority voting committee has major benefits. A monetary policy committee can take personalities out of monetary policy decisions. Critical to understanding these claims is an assessment of how such a committee functions. In this paper we examine interactions and influences between committee members when there is heterogeneity among members. We are able to identify significant interactions and directions of influence among Monetary Policy Committee members at the Bank of England.
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页码：153 / 182
页数：30
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