Leadership in Groups - A Monetary Policy Experiment (Paperback)

This paper studies monetary policy decision making by committee, using an experimental methodology. In an earlier paper (Blinder and Morgan 2005), we found that groups not only outperformed individuals, but they also took no longer to reach decisions. We successfully replicate those results here. Next, we find little difference between the performances of fourperson and eight-person groups; the larger groups outperform the smaller groups by a very small (and often insignificant) margin. Third, and most surprisingly, we find no evidence of superior performance by groups that have designated leaders. Possible reasons for that strongly counterintuitive finding are discussed.

General

Imprint:	Bibliogov
Country of origin:	United States
Release date:	September 2012
First published:	September 2012
Authors:	Alan S. Blinder
Dimensions:	246 x 189 x 2mm (L x W x T)
Format:	Paperback - Trade
Pages:	38
ISBN-13:	978-1-249-56010-4
Categories:	Books > Social sciences > Politics & government > General
LSN:	1-249-56010-1
Barcode:	9781249560104

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