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likely not to result in interdependent voting behaviour.Therefore, and in contrast to earlier literature, we find that …
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meetings of the committee. Does voting status change behavior? We find that the data go against the hypothesis that without the … voting right, presidents use their public speeches and their meeting interventions to compensate for the loss of formal … influence; rather, they support the hypothesis that the voting right makes presidents more involved. We also find that speeches …
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This paper examines monetary policy implementation in a sticky price model. The central bank's plan under discretionary optimization is entirely forward-looking and exhibits multiple equilibrium solutions if transactions frictions are not negligibly small. The central bank can then implement...
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