Previous research on the optimal size of a monetary policy committee (MPC) focused on theoretical analyses and experimental studies. These studies suggest that the ideal monetary policy committee may not have many more than five members. In this paper we conduct an empirical cross-country study...

We are looking back to one of the most severe financial crises ever. The subprime crisis, as future generations may call it, was not just a crisis among others, but had a truly global dimension. There are still doubts whether the flames are really out, but in any case the recent crisis has...

Previous research on the optimal size of a monetary policy committee (MPC) focused on theoretical analyses and experimental studies. These studies suggest that the ideal monetary policy committee may not have many more than five members. In this paper we conduct an empirical cross-country study...