Arbeitspapier
The Effects of Learning in Interactive Monetary Policy Committees
We develop a theoretical framework for studying the effects of interaction on the quaJity of decision-making by monetary policy committees. We show that interaction, i.e. increasing one's expertise through an exchange of views, is most likely not to result in interdependent voting behaviour.Therefore, and in contrast to earlier literature, we find that interaction is beneficial for the collective outcome.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 04-029/2
- Klassifikation
-
Wirtschaft
Monetary Policy
Central Banks and Their Policies
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Social Choice; Clubs; Committees; Associations
- Thema
-
Monetary policy
interest rates
learning
Geldpolitik
Gruppenentscheidung
Lernen
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Berk, Jan Marc
Bierut, Beata K.
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Berk, Jan Marc
- Bierut, Beata K.
- Tinbergen Institute
Entstanden
- 2004
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