committee to make decisions through voting is that a commitment device can be created out of it, without totally renouncing … flexibility to respond to unexpected contingencies. Appropriate voting procedures and a well chosen supermajority rule can make a … can mitigate time inconsistency by introducing a status quo bias. When voting institutions (ie. the committee …

We analyze the ECB Governing Council’s voting procedures. The literature has by now discussed numerous aspects of the … rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization …

We examine whether it is socially beneficial for the individual voting records of centralWir untersuchen, ob die …

We examine whether the publication of the individual voting records of central-bank council members is socially … optimal behavior for somewhat less efficient central bankers. However, after re-appointment, losses will be lower when voting … and can make central bankers individually accountable. In our model, the negative effects of voting transparency dominate …