We conduct an experiment to investigate (i) whether rotation in voting increases a committee's efficiency, and (ii) the … scheme has important consequences: it 'pays' to be allowed to vote, as voting committee members earn significantly more than … non-voting members. Hence, rotation is not neutral. We also find that smaller committees decide faster and block fewer …

influences on voting within a monetary policy committee. In a committee that includes representatives from different regions or …

. In this paper we show analytically how different arrangements could affect the voting behaviour of individual MPC members …

committee, in which a subset of members may meet prior to the voting in the commitee and therefore has the possibility to reach … consensus ex ante to vote unanimously ex post. We allow for different committee sizes, various voting rules and differences in … on the setting of interest rates by the committee, provided that members on average are equally skilled and voting takes …

The literature on the behavior of the Bank of England's Monetary Policy Committee (MPC) has focused on static voting …