How Committees of Experts Interact with the outside World: Some Theory, and Evidence from the Fomc
How Committees of Experts Interact with the outside World: Some Theory, and Evidence from the Fomc
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专家委员会如何与外界互动:一些理论和联邦公开市场委员会的证据
DOI:
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发表时间:
2008
期刊:
影响因子:
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通讯作者:
B. Visser
中科院分区:
文献类型:
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作者:
J. Swank;O. Swank;B. Visser
Some committees are made up of experts, persons who care both about the matter at hand and about coming across as able decision makers. We show that such committees would like to conceal disagreement from the public. That is, once the decision has been reached, they show a united front to the outside world. Also, if such committees are required to become transparent, for example, by publishing verbatim transcripts of their meetings, members will organize pre-meetings away from the public eye. A large part of the article is dedicated to a case study of the U.S. Federal Open Market Committee in the United States. It provides suggestive evidence supporting our theory. (JEL: D71, D72, D82, E58) (c) 2008 by the European Economic Association.