Samhälle & debatt
Pocket
Determinants of the Size of a Monetary Policy Committee
Jose L Vasquez • Szilard Erhart
889:-
Uppskattad leveranstid 7-11 arbetsdagar
Fri frakt för medlemmar vid köp för minst 249:-
Theoretical studies and empirical evidence suggest that an optimal committee consists of roughly 5-9 members, although this result may vary somewhat under specific circumstances. This paper develops a conceptual model for the case of a monetary policy committee (MPe. The main conclusions are that (i) MPC size varies according to the size of the monetary zone and overall economic stability; (ii) for large monetary zones (EMU, USA, Japan), MPC size is close to the estimated optimal level; and (iii) in several countries, MPC size is considerably misaligned. Our model is backed by econometric evidence using a 2006 survey for 85 countries, which is available on the Web for further research.
- Format: Pocket/Paperback
- ISBN: 9783838334677
- Språk: Engelska
- Antal sidor: 60
- Utgivningsdatum: 2010-06-20
- Förlag: LAP Lambert Academic Publishing