Determinants of the Size of a Monetary Policy Committee (Paperback)

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.

General

Imprint:	Lap Lambert Academic Publishing
Country of origin:	Germany
Release date:	June 2010
First published:	June 2010
Authors:	Jose L. Vasquez • Szilard Erhart
Dimensions:	229 x 152 x 4mm (L x W x T)
Format:	Paperback - Trade
Pages:	60
ISBN-13:	978-3-8383-3467-7
Categories:	Books > Business & Economics > Economics > General
LSN:	3-8383-3467-1
Barcode:	9783838334677

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