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文章基本信息

  • 标题:The effects of Learning in Interactive Monetary Policy Committees
  • 本地全文:下载
  • 作者:Jan Marc Berk ; Beata K. Bierut
  • 期刊名称:DNB Research Reports
  • 出版年度:2004
  • 卷号:1
  • 出版社:De Nederlandsche Bank
  • 摘要:We develop a theoretical framework for studying the effects of interaction on the quality of decision-making by monetary policy committees. We show that interaction, is increasing one’s expertise through an exchange of views, is most likely not to result in interdependent voting behaviour. Therefore, and in contrast to earlier literature, we find that interaction is beneficial for the collective outcome.
  • 关键词:Monetary policy, interest rates, learning
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