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  • Monetary Policy by Committee:Consensus, Chairman Dominance or Simple Majority? 

    Riboni, Alessandro; Ruge-Murcia, Francisco (Université de Montréal. Département de sciences économiques., 2008-02)
    This paper studies the theoretical and empirical implications of monetary policy making by committee under three different voting protocols. The protocols are a consensus model, where super-majority is required for a policy change; an agenda-setting ...