Browsing Titles index "The Dynamic (In)efficiency of Monetary Policy by Committee"
Now showing items 1-1 of 1
-
The Dynamic (In)efficiency of Monetary Policy by Committee
(Université de Montréal. Département de sciences économiques., 2006)This paper develops a model where the value of the monetary policy instrument is selected by a heterogenous committee engaged in a dynamic voting game. Committee members differ in their institutional power and, in certain states of nature, they also ...