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....

How large should a monetary policy committee be ? Which voting rule should a monetary policy committee adopt ? This paper builds on Condorcet?s jury theorem to analyse the relationships between committee size and voting rules in a model where policy discussions are subject to a time...