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We construct a new dataset on the presence of women on central bank monetary policy committees for a set of 103 … countries, over the period 2002-2016. We document an increasing share of women in monetary policy committees, which is mainly … associated with a higher overall presence of women in central banks and less so with other institutional factors or country …
Persistent link: https://www.econbiz.de/10012911353
Why do sudden and massive social, economic, and political changes occur when and where they do? Are there institutional preconditions that encourage such changes when present and discourage such changes when absent? In this paper, I employ a general model which suggests that massive equilibrium...
Persistent link: https://www.econbiz.de/10013151923
existence of networks that support women's rise and the governance of the central bank. The analysis uses new panel data that … women and the central bank has more independence …
Persistent link: https://www.econbiz.de/10012907189
Persistent link: https://www.econbiz.de/10011736844
unemployment concerns, this silver lining speaks to a broader pathology whereby women are assumed dovish. These notable findings … help explain women's absence from public-facing central bank positions …
Persistent link: https://www.econbiz.de/10013403177
Persistent link: https://www.econbiz.de/10013473459
How large should a monetary policy committee be? Which voting rule should a monetary policy committee adopt? This paper builds on Condorcet's jury threorem to analyse the relationships between committee size and voting rules in a model where policy discussions are subject to a time constraint....
Persistent link: https://www.econbiz.de/10013107003
We integrate a monetary policy committee into a New Keynesian model to assess the consequences of the committee's institutional characteristics for welfare. First, we demonstrate that uncertainty about the committee's future composition may be desirable. Second, we show that longer terms of...
Persistent link: https://www.econbiz.de/10013090385
I study the policy choices of members of a central bank committee, who are appointed by the government. Central bankers balance their desire to protect the Central Bank's reputation against their interest to be reappointed. Committees can be more successful than single central bankers at...
Persistent link: https://www.econbiz.de/10012725790
Many authors have described and modelled Keynesian effects in a Baby-sitting Cooperative (BSC), which has the underlying structure of a single good barter economy. We construct a simple model of the BSC economy to explore this issue, and find very surprising results. Outcomes depend on agents...
Persistent link: https://www.econbiz.de/10012990890