This paper provides new empirical evidence on policy-makers' voting patterns on interest rates. Applying (pooled …) Taylor-type rules and using real-time information available from published inflation reports and voting records, the paper …

This paper provides new empirical evidence on policy-makers' voting patterns on interest rates. Applying (pooled …) Taylor-type rules and using real-time information available from published inflation reports and voting records, the paper …

We consider a committee voting setup with two rounds of voting where committee members who possess private information … information in the first voting period. Coughlan (2000) shows that members reveal their information in a straw poll only if their …

theory and welfare economics. The first volume consists of four parts. In Part 1 (Arrovian Impossibility Theorems), various … results of this kind. In Part 2 (Voting Schemes and Mechanisms), the operation and performance of voting schemes and cost …-sharing mechanisms are examined axiomatically, and some aspects of the modern theory of incentives and mechanism design are expounded and …