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Too many cooks?: committees in monetary policy

Berger, Helge; Nitsch, Volker - 2008

How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decision-makers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...

Persistent link: https://www.econbiz.de/10010264342

Too many cooks? Committees in monetary policy

Berger, Helge; Nitsch, Volker - 2008

How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decisionmakers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...

Persistent link: https://www.econbiz.de/10010299138

Too many cooks? Committees in monetary policy

Berger, Helge; Nitsch, Volker - 2008

Persistent link: https://www.econbiz.de/10010277737

Monetary policy committee transparency: Measurement, determinants, and economic effects

Hayo, Bernd; Mazhar, Ummad - 2011

This paper studies monetary policy committee transparency (MPCT) based on a new index that measures central bankers' educational and professional backgrounds as disclosed through central bank websites. Based on a novel cross-sectional data set covering 75 central banks, we investigate the...

Persistent link: https://www.econbiz.de/10010286350

Spread the word : international spillovers from central bank communication

Armelius, Hanna; Bertsch, Christoph; Hull, Isaiah; … - 2018

central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …

Persistent link: https://www.econbiz.de/10011911134

Populism, Financial Inequality and Central Bank Independence : A Political Economics Approach

Masciandaro, Donato - 2018

This paper examines myopic, populist policies that guarantee short-term financial protection of the people from the elite without regard for long-term fiscal or monetary distortions. Assuming that citizens are financially heterogeneous, this paper shows that inefficient outcomes can arise when...

Persistent link: https://www.econbiz.de/10012922659

Spread the Word : International Spillovers from Central Bank Communication

Armelius, Hanna - 2019

We construct a novel text dataset to measure the sentiment component of communications for 23 central banks over the 2002-2017 period. Our analysis yields three results. First, comovement in sentiment across central banks is not reducible to trade or financial flow exposures. Second, sentiment...

Persistent link: https://www.econbiz.de/10012857886

Central Bank Communication in the XXI Century : A Survey of Theory and Evidence

Sakhno, Hanna O. - 2018

. Communication has become an effective auxiliary instrument of economic policy, and markets started paying precise attention to the … provide an overview of recent trends and developments in central bank communication strategies. By resorting to the existing … literature, we analyze the origins of central bank communication and the evolution of its role in time. We also study the main …

Persistent link: https://www.econbiz.de/10012923581

Spread the Word : International Spillovers from Central Bank Communication

Armelius, Hanna - 2019

central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …

Persistent link: https://www.econbiz.de/10012897779

Spread the Word : International Spillovers from Central Bank Communication

Armelius, Hanna; Bertsch, Christoph; Hull, Isaiah; … - 2020

central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …

Persistent link: https://www.econbiz.de/10014361939

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