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The Dynamic (In)Efficiency of Monetary Policy by Committee
16 references·8 citing·40 second hop
The Dynamic (In)Efficiency of Monetary Policy by Committee (2008)The Dynamic (In)Efficiency of Monetary Po…Monetary policy by committee: Why and how? (2006)Monetary policy by committee:…Are Two Heads Better Than One? Monetary Policy by Committee (2005)Are Two Heads Better Than One…Veto Players. How Political Institutions Work (2003)Veto Players. How Political I…Optimal Interest-Rate Smoothing (2003)Optimal Interest-Rate Smoothi…Monetary policy evaluation with noisy information (2003)Monetary policy evaluation wi…Historical Monetary Policy Analysis and the Taylor Rule (2003)Historical Monetary Policy An…Veto Players (2002)Veto PlayersMonetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)Monetary Policy Rules and Mac…The Science of Monetary Policy: A New Keynesian Perspective (1999)The Science of Monetary Polic…Numerical Methods in Economics (1998)Numerical Methods in EconomicsSources of Inefficiency in a Representative Democracy: A Dynamic Analysis (1996)Sources of Inefficiency in a …Interest rates and the conduct of monetary policy (1991)Interest rates and the conduc…Bargaining in Legislatures (1989)Bargaining in LegislaturesStatus quo bias in decision making (1988)Status quo bias in decision m…Macroeconomic Policy in a Two-Party System as a Repeated Game (1987)Macroeconomic Policy in a Two…Political resource allocation, controlled agendas, and the status quo (1978)Political resource allocation…Monetary policy decision-making by committee: Why, when and how it can work (2021)Monetary policy decision-maki…Dynamic Collective Choice with Endogenous Status Quo (2016)Dynamic Collective Choice wit…Too Many Cooks? Committees in Monetary Policy (2011)Too Many Cooks? Committees in…Overconfidence, monetary policy committees and chairman dominance (2011)Overconfidence, monetary poli…Voting Transparency in a Monetary Union (2009)Voting Transparency in a Mone…How monetary policy committees impact the volatility of policy rates (2009)How monetary policy committee…An Inflated Ordered Probit Model of Monetary Policy: Evidence from MPC Voting Data (2007)An Inflated Ordered Probit Mo…Monetary Policy by Committee: Consensus, Chairman Dominance or Simple Majority?Monetary Policy by Committee:…The Structure of Scientific Revolutions (1963)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)A perspective on judgment and choice: Mapping bounded rationality. (2003)Maps of Bounded Rationality: Psychology for Behavioral Economics (2003)A Pure Theory of Local Expenditures (1956)An Economic Theory of Democracy. (1958)Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Governance by conditionality: EU rule transfer to the candidate countries of Central and Eastern Europe (2004)Why There is a Democratic Deficit in the EU: A Response to Majone and Moravcsik (2006)Voting for autocracy: hegemonic party survival and its demise in Mexico (2007)The Theory of Committees and Elections. (1959)An agenda for the study of institutions (1986)Diplomacy and domestic politics: the logic of two-level games (1988)Economic Origins of Dictatorship and Democracy (2005)Discretion versus policy rules in practice (1993)Inflation Stabilization and Welfare: The Case of a Distorted Steady State (2005)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)Identifying the interdependence between US monetary policy and the stock market (2008)WHY ARE THE 2000s SO DIFFERENT FROM THE 1970s? A STRUCTURAL INTERPRETATION OF CHANGES IN THE MACROECONOMIC EFFECTS OF OIL PRICES (2013)Political Parties and Macroeconomic Policy (1977)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)Credibility and Policy Convergence in a Two-party System with Rational Voters (1988)Some Uses of Happiness Data in Economics (2006)Social Choice and Individual Values. (1951)Perfect Equilibrium in a Bargaining Model (1982)The Institutional Dynamics of International Political Orders (1998)Party Policy in Modern Democracies (2006)Staggered Prices in a Utility-Maximizing Framework (1996)Inflation dynamics: A structural econometric analysis (1999)Time Varying Structural Vector Autoregressions and Monetary Policy (2005)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Valuing American Options by Simulation: A Simple Least-Squares Approach (2001)Strategic Asset Allocation (2002)MODELLING ASYMMETRIC EXCHANGE RATE DEPENDENCE* (2006)Setting the Agenda (2005)A Theory of Gradual Institutional Change (2009)
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References

  • 1988Status quo bias in decision making5,912 cited
  • 1999The Science of Monetary Policy: A New Keynesian Perspective4,927 cited
  • 2000Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*4,631 cited
  • 2002Veto Players3,490 cited
  • 2003Veto Players. How Political Institutions Work3,369 cited
  • 1998Numerical Methods in Economics2,587 cited
  • 1989Bargaining in Legislatures1,978 cited
  • 1987Macroeconomic Policy in a Two-Party System as a Repeated Game1,324 cited
  • 1978Political resource allocation, controlled agendas, and the status quo1,162 cited
  • 2003Optimal Interest-Rate Smoothing483 cited
  • 1991Interest rates and the conduct of monetary policy464 cited
  • 1996Sources of Inefficiency in a Representative Democracy: A Dynamic Analysis393 cited
  • 2005Are Two Heads Better Than One? Monetary Policy by Committee317 cited
  • 2003Monetary policy evaluation with noisy information310 cited
  • 2003Historical Monetary Policy Analysis and the Taylor Rule308 cited
  • 2006Monetary policy by committee: Why and how?

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228 cited

Cited by

  • 2016Dynamic Collective Choice with Endogenous Status Quo106 cited
  • 2011Overconfidence, monetary policy committees and chairman dominance39 cited
  • 2009Voting Transparency in a Monetary Union34 cited
  • 2009How monetary policy committees impact the volatility of policy rates29 cited
  • n.d.Monetary Policy by Committee: Consensus, Chairman Dominance or Simple Majority?29 cited
  • 2021Monetary policy decision-making by committee: Why, when and how it can work26 cited
  • 2011Too Many Cooks? Committees in Monetary Policy20 cited
  • 2007An Inflated Ordered Probit Model of Monetary Policy: Evidence from MPC Voting Data14 cited