Browsing Faculté des arts et des sciences – Département de sciences économiques - Travaux et publications by Subject "E5"
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Monetary Policy by Committee:Consensus, Chairman Dominance or Simple Majority?
(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 ... -
Sectoral Price Rigidity and Aggregate Dynamics
(Université de Montréal. Département de sciences économiques., 2009-02)In this paper, we study the macroeconomic implications of sectoral heterogeneity and, in particular, heterogeneity in price setting, through the lens of a highly disaggregated multi-sector model. The model incorporates several realistic features and ...