أعرض تسجيلة المادة بشكل مبسط

dc.creator Erhart, Szilárd
dc.creator Lehment, Harmen
dc.creator Vasquez-Paz, Jose Luis
dc.date 2007
dc.date.accessioned 2013-10-16T06:05:19Z
dc.date.available 2013-10-16T06:05:19Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/4070
dc.identifier ppn:544082419
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/4070
dc.description Previous research on the optimal size of a monetary policy committee (MPC) focused on theoretical analyses and experimental studies. These studies suggest that the ideal monetary policy committee may not have many more than five members. In this paper we conduct an empirical cross-country study to explore whether there is a link between the size of an MPC and inflation volatility. The analysis for 75 countries which have adopted MPCs provides some support for the above suggestion: countries with less than five MPC members tend to have larger deviations from trend inflation than MPCs with five members; raising the number of MPC members above five does not contribute to a further reduction in volatility.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1377
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E31
dc.subject E42
dc.subject E58
dc.subject ddc:330
dc.subject Monetary Policy Committee
dc.subject Inflation Volatility
dc.subject Zentralbank
dc.subject Führungsorganisation
dc.subject Inflation
dc.subject Volatilität
dc.subject Welt
dc.title Monetary policy committee size and inflation volatility
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط