Influence, Interactions and Heterogeneity: Taking Personalities out of Monetary Policy Decision-making
Influence, Interactions and Heterogeneity: Taking Personalities out of Monetary Policy Decision-making
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影响、相互作用和异质性：将个性排除在货币政策决策之外
DOI：
10.1111/manc.12051
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发表时间：
2014
期刊：
影响因子：
--
通讯作者：
Bhattacharjee A
中科院分区：
文献类型：
--
作者：
Bhattacharjee A
人们普遍认为，通过多数投票委员会制定货币政策有重大好处。货币政策委员会可以在货币政策决策中排除个人因素。理解这些主张的关键是评估这样一个委员会如何运作。在本文中，我们研究委员会成员之间的互动和影响时，有异质性的成员。我们能够确定英格兰银行货币政策委员会成员之间的重要互动和影响方向。
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.